2024-11-07 11:11:25 :
Granules India second quarter results live release: Granules India announced its second quarter results on November 6, 2024, reporting a decrease in revenue and profit compared to the same period last year. The company’s revenue fell sharply by 18.74% year-on-year, and its profit fell by 4.78% year-on-year.
Compared to the previous quarter, Granules India’s revenue fell by 18.07% and profit fell by 27.79%. This marks a worrying trend as the company navigates challenging market conditions.
The company’s selling, general and administrative (SG&A) expenses were mixed, falling 2.55% month-on-month but rising 7.12% year-over-year. Fluctuations in expenses may indicate adjustments to the company’s operating strategies to adapt to the current economic environment.
Operating income also took a hit, falling 26.94% month-on-month and 6.02% year-on-year. The figures underscore the pressure on Indian pellet companies to maintain profitability amid declining revenues.
Second quarter earnings per share (EPS) were $4.01, a decrease of 4.98% from the same period last year, further indicating that the company’s profitability is poor.
Despite quarterly setbacks, Granules India has shown resilience, returning 3.9% last week, 40.31% over the past six months and 42.18% year-to-date, pointing to a longer-term recovery trend. semester.
Granules India currently has a market capitalization of $Rs 13,971.35 Crore, 52-week High $721 and low $353.4. The numbers suggest there is volatility in the market as investors react to company performance.
As of November 7, 2024, analysts covering Granules India were unanimously optimistic, with one analyst assigning a Buy rating and three advocating a Strong Buy rating. This suggests a positive outlook for the company’s future, despite recent performance challenges.
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| period | Q2 | Q1 | month-on-month growth | Q2 | year-on-year growth |
|---|---|---|---|---|---|
| total revenue | 966.62 | 1179.87 | -18.07% | 1189.49 | -18.74% |
| Total Selling/General/Administrative Expenses | 159.43 | 163.61 | -2.55% | 148.84 | +7.12% |
| Depreciation/Amortization | 52.52 | 52.87 | -0.66% | 52.52 | -0% |
| total operating expenses | 815.82 | 973.47 | -16.19% | 1029.04 | -20.72% |
| operating income | 150.8 | 206.4 | -26.94% | 160.45 | -6.02% |
| net income before tax | 128.38 | 181.44 | -29.24% | 136.02 | -5.62% |
| net income | 97.23 | 134.65 | -27.79% | 102.12 | -4.78% |
| Diluted normalized earnings per share | 4.01 | 5.55 | -27.75% | 4.22 | -4.98% |
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