2 weeks Ago
De Nora India Q2 Results Live : De Nora India declared its Q2 results on 24 October 2024, revealing a challenging quarter marked by a significant decline in profitability. The company's topline decreased by 4.94% year-over-year, while profit saw a steep fall of 48.
33% compared to the same quarter last year. Despite the year-over-year decline, De Nora India showed resilience when compared to the previous quarter. Revenue grew by an impressive 42.
14% and profit increased by 13.86%, indicating a potential recovery in operational performance. The financial report also highlighted an increase in selling, general, and administrative expenses, which rose by 1.
9% quarter-over-quarter and by 0.1% year-over-year. This uptick may have contributed to the overall dip in profitability.
Operating income presented a mixed picture, showing a quarter-over-quarter increase of 10.23%, but a significant year-over-year decrease of 62.12%.
This sharp decline raises concerns about the sustainability of the company's operational efficiency. Earnings per share (EPS) for Q2 stood at ₹ 6.18, reflecting a decrease of 48.
33% year-over-year. This decline in EPS underscores the challenges faced by De Nora India in maintaining its earnings amidst a tough market environment. In terms of market performance, De Nora India has experienced a -5.
93% return over the last week, a -29.45% return over the last six months, and a -10.37% year-to-date return.
This trend indicates a broader struggle for the company's stock amidst fluctuating investor sentiment. Currently, De Nora India holds a market capitalization of ₹ 730.15 Cr, with its 52-week high and low standing at ₹ 2025 and ₹ 1293.
2, respectively. The significant gap between these values reflects the volatility and uncertainty surrounding the company’s future performance. De Nora India Financials.
