2 weeks Ago
Poonawalla Fincorp Q2 Results Live : Poonawalla Fincorp declared its Q2 results on October 25, 2024, revealing a topline growth of 33.88%. However, the company reported a significant loss of ₹ 471.
04 crore for the quarter, a stark contrast to the profit of ₹ 860.17 crore reported in the same period last year. The revenue also saw a modest increase of 1.
15% compared to the previous quarter. Despite this growth, the financial health of the company raises concerns as selling, general, and administrative expenses surged by 107.47% quarter-on-quarter and 94.
04% year-on-year. Moreover, the operating income took a substantial hit, plummeting by 269.63% quarter-on-quarter and down by 156.
61% year-on-year. The earnings per share (EPS) for Q2 stood at ₹ 1.56, marking a decrease of 52.
63% year-on-year. Poonawalla Fincorp has faced a challenging market environment, with a -4.72% return in the last week, -27.
24% return over the past six months, and a -17.64% year-to-date return. Currently, the company's market capitalization is ₹ 27,897.
58 crore, with a 52-week high of ₹ 519.7 and a low of ₹ 336.3.
As of October 26, 2024, out of eight analysts covering Poonawalla Fincorp, one analyst has issued a 'Sell' rating, two have given 'Hold' ratings, one has suggested a 'Buy' rating, and four analysts have recommended a 'Strong Buy'. The consensus recommendation currently stands as 'Buy'. Poonawalla Fincorp Financials.
