2024-11-08 12:14:30 :
RHI Magnesita India second quarter results live release: RHI Magnesita India announced its second quarter results on November 7, 2024, with both revenue and profit falling significantly. The company’s revenue fell 12.14% year over year, while profits fell a staggering 35.61%. Compared with the previous quarter, revenue also fell by 1.33% and profits fell by 37%.
In terms of expenses, the company’s selling, general and administrative expenses decreased by 4.2% month-on-month, but increased by 3.71% year-on-year. Operating income also took a hit, falling 46.28% month-on-month and 45.23% year-on-year.
Second quarter earnings per share (EPS) were $2.22, a decrease of 35.84% compared with the same period last year. Overall, RHI Magnesita India returned 0.22% last week, but has returned -0.18% over the past six months, bringing its year-to-date return to -26.21%.
As of November 8, 2024, RHI Magnesita India had a market capitalization of $Rs 12,270.31 Crore, 52-week High $824 and low $504.25. In terms of analyst ratings, of the three analysts covering the company, one has a “hold” rating and two have a “strong buy” rating.
As of November 8, 2024, the consensus recommendation remains “Strong Buy,” suggesting analysts are optimistic about the company’s potential recovery despite the challenging quarterly results.
RHI Magnesita India Finance Company
| period | Q2 | Q1 | month-on-month growth | Q2 | year-on-year growth |
|---|---|---|---|---|---|
| total revenue | 867.07 | 878.76 | -1.33% | 986.91 | -12.14% |
| Total Selling/General/Administrative Expenses | 91.21 | 95.2 | -4.2% | 87.95 | +3.71% |
| Depreciation/Amortization | 50.31 | 48.17 | +4.44% | 44.18 | +13.88% |
| total operating expenses | 810.28 | 773.04 | +4.82% | 883.22 | -8.26% |
| operating income | 56.79 | 105.72 | -46.28% | 103.69 | -45.23% |
| net income before tax | 62.39 | 98.14 | -36.43% | 97.95 | -36.31% |
| net income | 45.91 | 72.88 | -37% | 71.31 | -35.61% |
| Diluted normalized earnings per share | 2.22 | 3.53 | -37.11% | 3.46 | -35.84% |
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