CESC Q2 Results Live: Profit Rise by 1.44% YoY
CESC Q2 Results Live: Revenue increased by 8% YoY & profit increased by 1.44% YoY
CESC Q2 Results Live : CESC declared their Q2 results on 12 Nov, 2024, showcasing a topline increase of 8% year-on-year, while profit rose by 1.44% compared to the same period last year. However, in comparison to the previous quarter, the company saw a decline in revenue by 3.35% and a profit decrease of 6.61%.
The company's financial statements revealed that Selling, General & Administrative expenses rose by 9.57% quarter-on-quarter and increased by 3.75% year-on-year. This increase in expenses contributed to the overall decline in operating income, which fell by 5.14% quarter-on-quarter and decreased by 2.31% year-on-year.
Earnings per share (EPS) for Q2 stood at ₹2.67, marking a year-on-year increase of 1.91%. Despite the declines in revenue and profit from the previous quarter, CESC has shown resilience with a return of 0.93% in the past week, a substantial 28.98% return over the last six months, and an impressive 38.81% year-to-date return.
As of now, CESC holds a market capitalization of ₹24,379.89 Crores, with a 52-week high of ₹212.49 and a low of ₹89.8. Analyst sentiment appears to be largely positive, with 7 out of 10 analysts recommending a 'Strong Buy', while 1 analyst suggested a 'Strong Sell' and another recommended a 'Hold'.
The consensus recommendation as of 13 Nov, 2024, emphasizes a 'Strong Buy', indicating strong confidence in CESC's long-term growth potential despite the recent quarterly setbacks.
CESC Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 4700 | 4863 | -3.35% | 4352 | +8% |
| Selling/ General/ Admin Expenses Total | 332 | 303 | +9.57% | 320 | +3.75% |
| Depreciation/ Amortization | 295 | 301 | -1.99% | 303 | -2.64% |
| Total Operating Expense | 3980 | 4104 | -3.02% | 3615 | +10.1% |
| Operating Income | 720 | 759 | -5.14% | 737 | -2.31% |
| Net Income Before Taxes | 462 | 492 | -6.1% | 461 | +0.22% |
| Net Income | 353 | 378 | -6.61% | 348 | +1.44% |
| Diluted Normalized EPS | 2.67 | 2.85 | -6.32% | 2.62 | +1.91% |
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First Published:13 Nov 2024, 11:41 AM IST
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