Infibeam Avenues Q2 Results 2024: Profit Rises by 7.54% YoY
Infibeam Avenues Q2 Results 2024 on 14 Nov, 2024: Revenue increased by 28.7% YoY & profit increased by 7.54% YoY, profit at ₹44.07 crore and revenue at ₹1016.65 crore.
Infibeam Avenues Q2 Results 2024:Infibeam Avenues declared their Q2 results for the fiscal year 2024 on 12 Nov, 2024, showcasing a significant increase in revenue and profit compared to the previous year. The company reported a profit of ₹44.07 crore, reflecting a 7.54% year-over-year increase, while revenue surged by 28.7% to reach ₹1016.65 crore.
In comparison to the previous quarter, the company's revenue demonstrated impressive growth of 35.06%. However, the profit experienced a decline of 37.06%, raising concerns about the quarterly performance amidst robust revenue figures.
The Selling, General & Administrative expenses saw a decline of 4.45% quarter-over-quarter but increased by 5.26% year-over-year, indicating a mixed cost management scenario. Furthermore, the operating income rose by 19.56% from the previous quarter and increased by 15.37% year-over-year, showcasing operational efficiency.
Earnings per share (EPS) for the quarter stood at ₹0.17, marking a growth of 13.33% compared to the same quarter last year. This positive EPS growth reflects the company's ability to generate profit relative to its share price.
Despite recent fluctuations, Infibeam Avenues has delivered a return of -6.97% in the last week and -13.95% over the past six months. However, the year-to-date return remains positive at 29.68%, indicating a resilient performance in the longer term.
As of 14 Nov, 2024, Infibeam Avenues holds a market capitalization of ₹7378.04 crore, with a 52-week high of ₹40.5 and a low of ₹19.01. The stock has seen varied performance within this range, reflecting market sentiments.
Out of the analysts covering the company, one analyst has given a 'Strong Buy' rating, indicating confidence in Infibeam Avenues' potential for growth. The consensus recommendation as of 14 Nov, 2024, remains a strong buy, suggesting positive outlooks for the company's future performance.
Infibeam Avenues Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 1016.65 | 752.75 | +35.06% | 789.93 | +28.7% |
| Selling/ General/ Admin Expenses Total | 34.59 | 36.2 | -4.45% | 32.86 | +5.26% |
| Depreciation/ Amortization | 17.11 | 17 | +0.65% | 17.11 | -0% |
| Total Operating Expense | 955.39 | 701.51 | +36.19% | 736.83 | +29.66% |
| Operating Income | 61.26 | 51.24 | +19.56% | 53.1 | +15.37% |
| Net Income Before Taxes | 62.44 | 83.36 | -25.1% | 55.16 | +13.2% |
| Net Income | 44.07 | 70.02 | -37.06% | 40.98 | +7.54% |
| Diluted Normalized EPS | 0.17 | 0.25 | -32% | 0.15 | +13.33% |
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₹44.07Cr
₹1016.65Cr
First Published:14 Nov 2024, 12:30 PM IST
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