Indostar Capital Finance Q2 Results Live: Profit Rises by 27.9% YoY

Indostar Capital Finance Q2 Results Live : Indostar Capital Finance announced its Q2 results on October 18, 2024, revealing a robust performance with a profit increase of 27.9% year-over-year. The company reported a topline growth of 8.05%, showcasing resilience despite a decline in revenue compared to the previous quarter.

The results indicate a quarterly revenue decline of 13.11%, while profit showed a marginal increase of 27.08% from the previous quarter. This highlights the company's ability to control costs, as Selling, General & Administrative expenses decreased by 5.28% quarter-over-quarter but rose 24.68% year-over-year.

Operating income, however, faced challenges, declining by 15.78% quarter-over-quarter and down 1.38% year-over-year. This reflects the pressures faced in the current economic environment, although the earnings per share (EPS) rose significantly to ₹2.71, marking a 48.9% increase year-over-year.

In terms of stock performance, Indostar Capital Finance has experienced a -5.12% return over the last week, but a positive trajectory with a 7.49% return in the last six months and an impressive 58.71% year-to-date return. The current market capitalization stands at ₹3621.75 crore, with a 52-week high of ₹343 and a low of ₹157.5.

As of October 19, 2024, the company has received mixed reviews from analysts. Out of two analysts covering the stock, one has issued a 'Sell' rating while the other has assigned a 'Strong Buy' rating, indicating a divided outlook on the company's future performance.