Atul Q2 Results Live: Profit Rises by 51.47% YOY
Atul Q2 Results Live: Revenue increased by 16.68% YoY & profit increased by 51.47% YoY.
Atul Q2 Results Live : Atul has declared its Q2 results on October 25, 2024, showcasing impressive growth figures. The company's topline saw a significant increase of 16.68% year-over-year, while profits surged by an impressive 51.47% compared to the same quarter last year.
In comparison to the previous quarter, Atul reported a revenue growth of 5.35%, with profits also seeing a notable increase of 22.28%. This steady growth reflects the company's robust operational strategies and market positioning.
The operating income for Atul was reported to have increased by 12.66% quarter-over-quarter and an astounding 63.26% year-over-year, showcasing the company's ability to enhance operational efficiency and profitability.
Earnings per share (EPS) for Q2 stood at ₹46.47, marking a 51.86% increase year-over-year. This significant rise in EPS indicates Atul's strong financial health and capability to deliver value to shareholders.
Despite a slight decline of 1.47% in the last week, Atul has delivered a remarkable 30.13% return over the last six months and a 6.85% year-to-date return, highlighting the company's resilience in a fluctuating market.
Currently, Atul holds a market capitalization of ₹22,508.37 crore, with a 52-week high of ₹8,180 and a low of ₹5,174.85, indicating strong market confidence in the company.
As of October 26, 2024, of the ten analysts covering Atul, the recommendations vary: 1 analyst has given a 'Strong Sell' rating, 2 have rated it as 'Sell', 3 as 'Hold', 2 as 'Buy', and 2 as 'Strong Buy'. The consensus recommendation stands at 'Hold', suggesting a cautious outlook amid the positive quarterly results.
Atul Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 1392.83 | 1322.05 | +5.35% | 1193.71 | +16.68% |
| Depreciation/ Amortization | 77.54 | 76.58 | +1.25% | 53.99 | +43.62% |
| Total Operating Expense | 1227.61 | 1175.4 | +4.44% | 1092.51 | +12.37% |
| Operating Income | 165.22 | 146.65 | +12.66% | 101.2 | +63.26% |
| Net Income Before Taxes | 190.97 | 157.59 | +21.18% | 123.7 | +54.38% |
| Net Income | 136.81 | 111.88 | +22.28% | 90.32 | +51.47% |
| Diluted Normalized EPS | 46.47 | 38 | +22.29% | 30.6 | +51.86% |
Stay updated on quarterly results with our results calendar
Catch all the Business News , Corporate news , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
MoreLess
FAQs
₹136.81Cr
₹1392.83Cr
First Published:26 Oct 2024, 10:12 AM IST
- Top Gainers
- Top Losers
- 52 Week High