Subros second quarter results announced: profit increased 36.1% year-on-year

Subros second quarter results live broadcast: Subros announced its second quarter results on November 7, 2024. Revenue increased by 1.84% year-on-year, and profits soared by 36.1%. Compared with the previous quarter, revenue increased by 2.28% and profit increased by 4.09%.

However, the company faces challenges, with selling, general and administrative expenses increasing by 5.87% month-on-month and 16.33% year-on-year. The increase in expenses led to a decrease in operating income, which decreased by 4.03% from the previous quarter, but still increased by 8.24% year-on-year.

Second quarter earnings per share (EPS) were $5.58, a year-on-year increase of 36.1%. Despite mixed results on expenses and operating income, Subros has had a strong run on the stock market, returning 7.7% last week, 17.19% over the past six months, and an impressive 25.74% in the same period last year. . date.

Currently, Subros has a market capitalization of $Rs 4,444.51 Crore, 52-week high $827.4 and minimum $393.95. Analyst sentiment remains bullish, as both analysts covering the company issued a Strong Buy rating.

As of November 8, 2024, the consensus recommendation is “Strong Buy,” indicating confidence in Subros’ future growth and profitability.