2024-11-17 04:37:03 :
Simplex Infrastructure Q2 2024 Results: Simplex Infrastructure released its second quarter results on November 14, 2024, reporting worrying financial results. The company’s revenue fell sharply, down 14.21% year-on-year, reaching $268.06 Crores.
Losses also rose sharply in the quarter, up 49.1% year-over-year, resulting in a net loss of $107.8 Crores. Compared with the previous quarter, revenue fell by 9.38% and losses increased by 9.22%.
On the positive side, the company managed to reduce selling, general and administrative expenses by 2.07% sequentially and 8.48% year-over-year. In addition, operating income improved slightly, increasing 16.64% from the previous quarter, but still fell 6.77% year-on-year.
Second quarter earnings per share (EPS) were $-1.88, a decrease of 48.03% compared with the same period last year. Despite these setbacks, Simplex Infrastructures’ stock performance has rebounded significantly over the past six months, returning 93.52% and returning 218.59% year-to-date.
As of now, Simplex Infrastructure has a market capitalization of $At Rs 1,459.14 crore, the stock price hit a 52-week high $307.85 and lowest price $70.35. However, over the past week, the stock has posted a negative return of -11.04%, indicating potential for volatility ahead.
Simplex Infrastructure Finance
| period | Q2 | Q1 | month-on-month growth | Q2 | year-on-year growth |
|---|---|---|---|---|---|
| total revenue | 268.06 | 295.82 | -9.38% | 312.45 | -14.21% |
| Total Selling/General/Administrative Expenses | 26.55 | 27.11 | -2.07% | 29.01 | -8.48% |
| Depreciation/Amortization | 15.64 | 15.99 | -2.19% | 17.34 | -9.8% |
| total operating expenses | 280.68 | 310.96 | -9.74% | 324.27 | -13.44% |
| operating income | -12.62 | -15.14 | +16.64% | -11.82 | -6.77% |
| net income before tax | -14.28 | -10.41 | -37.18% | -10.97 | -30.17% |
| net income | -10.78 | -9.87 | -9.22% | -7.23 | -49.1% |
| Diluted normalized earnings per share | -1.88 | -1.73 | -8.67% | -1.27 | -48.03% |
Disclaimer: This is an AI-generated live blog and has not been edited by LiveMint staff.
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