2024-10-17 10:14:43 :
MRP Agro second quarter results released live: MRP Agro announced its second quarter results on October 15, 2024, showing significant growth in profitability. Although revenue fell 12.51% from the previous quarter, the company’s profits surged 91.66% year-over-year.
Revenue increased by 8.36% year-on-year, indicating solid performance over the past year. However, the month-on-month performance showed a different picture, with revenue and profit falling by 12.51% and 27.72% respectively.
From the perspective of operating efficiency, sales, general and administrative expenses increased by 14.62% month-on-month and decreased by 10.41% year-on-year. This shows that the company is managing costs effectively compared to the same period last year.
There was a significant change in operating income, which dropped by 35.26% month-on-month and increased significantly by 101.94% year-on-year. This underlines MRP Agro’s ability to improve operating income compared to the same period last year.
Second quarter earnings per share (EPS) was $1.75, a significant year-on-year increase of 326.83%. Despite some quarterly setbacks, strong earnings per share growth underscored the company’s strong profitability.
In terms of stock performance, MRP Agro was down slightly last week -0.27%, but the company has returned an impressive 82.83% over the past six months and an impressive 155.12% year-to-date.
Currently, MRP Agro has a market capitalization of $110.09 Crore and the 52-week trading range is $32.85 and $141.4, indicating huge volatility and potential for investors.
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