2024-10-17 11:15:08 :
Himadri Specialty Chemical second quarter results live: Himadri Specialty Chemical announced its second quarter results on October 16, 2024, which showed a strong performance, with revenue increasing by 13.18% year-over-year. The company’s profits increased significantly by 34.5% compared with the same period last year.
However, compared with the previous quarter, the company’s revenue fell by 5.29%, while profits increased by 10.39%. That points to mixed sequential performance, highlighting potential challenges in maintaining growth momentum.
Selling expenses, general expenses and administrative expenses increased significantly, with a month-on-month increase of 10.68% and a year-on-year increase of 23.39%. An increase in operating costs may be of concern to investors as it may impact future profitability.
On the positive side, operating income increased by 8.96% month-on-month and a significant year-on-year increase of 34.29%. The growth underscores the company’s strong operating performance despite rising costs.
Second quarter earnings per share (EPS) were $2.72, a year-on-year increase of 18.78%. This growth is likely to attract investor interest as it reflects the company’s ability to generate higher profits per share.
Looking at stock performance, Himadri Specialty Chemical has returned 4.94% over the past week, a whopping 113.69% over the past six months, and 113.28% year-to-date. These numbers indicate strong investor sentiment towards the company.
Currently, Himadri Specialty Chemical has a market capitalization of $Rs 32,586.25 Crore, 52-week High $688.7 and minimum $224, reflecting the sharp swings in share prices over the past year.
Himadri Specialty Chemicals Financials
| period | Q2 | Q1 | month-on-month growth | Q2 | year-on-year growth |
|---|---|---|---|---|---|
| total revenue | 1136.92 | 1200.41 | -5.29% | 1004.52 | +13.18% |
| Total Selling/General/Administrative Expenses | 34.82 | 31.46 | +10.68% | 28.22 | +23.39% |
| Depreciation/Amortization | 13.1 | 12.93 | +1.31% | 12.43 | +5.39% |
| total operating expenses | 941.89 | 1021.42 | -7.79% | 859.29 | +9.61% |
| operating income | 195.03 | 178.99 | +8.96% | 145.23 | +34.29% |
| net income before tax | 197.3 | 178.68 | +10.42% | 139.1 | +41.84% |
| net income | 135.36 | 122.62 | +10.39% | 100.64 | +34.5% |
| Diluted normalized earnings per share | 2.72 | 2.48 | +9.68% | 2.29 | +18.78% |
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