2 weeks Ago
TT Q2 Results Live : TT declared its Q2 results on October 24, 2024, showcasing a significant topline increase of 12.81% year-over-year, coupled with an impressive profit surge of 432.68%.
These results highlight the company's robust performance compared to the same period last year. However, when evaluating the quarterly performance against the previous quarter, the revenue experienced a growth of 32.32%, while profit saw a drastic decline of 92.
74%. This contrast indicates potential challenges that TT faced in the most recent quarter. In terms of expenses, TT managed to reduce its Selling, General & Administrative expenses by 4.
54% quarter-over-quarter, and by 7.84% year-over-year, suggesting a focus on cost efficiency amid fluctuating profits. TT's operating income also reflected a downturn, decreasing by 79.
64% on a quarter-over-quarter basis and 34.79% year-over-year. This decline raises questions about the company's operational effectiveness in the recent quarter.
Earnings Per Share (EPS) for Q2 stood at ₹ 0.23, marking a substantial increase of 475% year-over-year, which is a positive indicator for shareholders despite the mixed results. TT has shown notable returns for investors, delivering a 10.
32% return in the last week, 12.82% over the past six months, and an impressive 26.74% year-to-date.
This performance may entice both existing and potential investors looking for growth opportunities. As of now, TT boasts a market capitalization of ₹ 272.75 Crores, with a 52-week high of ₹ 134.
67 and a low of ₹ 89.55, reflecting the stock's volatility and potential for future growth. TT Financials.
