2 weeks Ago
Creditaccess Grameen Q2 Results Live : Creditaccess Grameen declared its Q2 results on October 25, 2024, revealing a topline growth of 16.87% year-over-year. However, the company faced a significant profit decline of 46.
39% compared to the same quarter last year. In contrast to the previous quarter, the revenue saw a decline of 3.83%, while profit dropped by 53.
21%, raising concerns among analysts and investors alike. The company's Selling, General & Administrative expenses increased by 1.07% quarter-on-quarter and surged by 21.
01% year-over-year, indicating rising operational costs. Operating income also took a hit, falling by 29.86% quarter-on-quarter and decreasing by 17.
93% year-over-year, putting further pressure on the company's profitability. Earnings per share (EPS) stood at ₹ 30.97 for Q2, reflecting an increase of 18.
45% year-over-year, which could provide some relief to shareholders amidst the broader profit decline. Over the past week, Creditaccess Grameen has delivered a -6.07% return, with a staggering -33.
44% return over the last six months and a -38.38% year-to-date return, sparking concerns about its market performance. The company currently boasts a market capitalization of ₹ 15,687.
5 crore, with a 52-week high of ₹ 1,796 and a low of ₹ 974.55, showcasing significant volatility in its stock price. As of October 26, 2024, of the 17 analysts covering Creditaccess Grameen, 1 has issued a Sell rating, 6 have given a Buy rating, and 10 analysts are recommending a Strong Buy, indicating mixed sentiment in the market.
The consensus recommendation as of October 26, 2024, remains a Strong Buy, suggesting that despite recent challenges, analysts see potential for recovery and growth in the future. Creditaccess Grameen Financials.
