2 weeks Ago
MOIL Q2 Results Live : MOIL declared their Q2 results on 25 Oct, 2024, revealing a challenging quarter for the company. The topline decreased by 16.01%, while profit fell by 18.
79% year-over-year, raising concerns among investors. In comparison to the previous quarter, the revenue experienced a significant decline of 40.77%, and profits plummeted by 67.
21%. This stark contrast highlights the struggles faced by the company in recent months. Notably, the Selling, General & Administrative expenses saw a slight decline of 3.
62% quarter-over-quarter, but this marked a year-over-year increase of 1.91%, indicating rising operational costs. The operating income was particularly affected, down by 76.
66% quarter-over-quarter and 32.29% year-over-year, showcasing the operational challenges that MOIL is currently navigating. Earnings per share (EPS) for Q2 stood at ₹ 2.
46, reflecting an 18.77% decrease compared to the same quarter last year, further signaling a tough financial environment for the company. Despite these setbacks, MOIL has delivered a return of -6.
99% in the past week, -20.71% over the last six months, but a relatively positive 10.52% year-to-date return.
The company's market capitalization currently stands at ₹ 6949.02 Cr, with a 52-week high of ₹ 588 and a low of ₹ 218.25, underscoring the volatility in its stock performance.
As of 26 Oct, 2024, analysts remain divided on the company's prospects, with one analyst issuing a 'Sell' rating and another providing a 'Strong Buy' rating, reflecting the uncertainty surrounding MOIL's future performance. MOIL Financials.
