Insecticides India Q2 Results Live: Profit Rises by 15.69% YOY
Insecticides India Q2 Results Live: Revenue decreased by 9.9% YoY & profit increased by 15.69% YoY
Insecticides India Q2 Results Live : Insecticides India declared their Q2 results on November 11, 2024, revealing a mixed performance with a topline decrease of 9.9% year-over-year (YoY) while profit saw a significant increase of 15.69% YoY. Compared to the previous quarter, revenue declined by 4.51%, but profit surged by 25.46%.
The company's Selling, General and Administrative (SG&A) expenses showed a slight decline of 1% quarter-over-quarter (QoQ), although they rose by 12.65% YoY, indicating increased operational costs over the year. Despite this, Insecticides India reported a robust operating income growth of 27.88% QoQ and 10.37% YoY.
Earnings per share (EPS) for Q2 stood at ₹20.78, reflecting a 15.77% increase YoY. This positive growth in EPS is a key indicator of the company's profitability and financial health.
In terms of stock performance, Insecticides India has seen a -3.4% return over the past week, but has delivered an impressive 52.55% return over the last six months and a 24.25% year-to-date (YTD) return. The company currently holds a market capitalization of ₹2445.53 crore, with a 52-week high of ₹1084.25 and a low of ₹465.6.
As of November 12, 2024, out of two analysts covering Insecticides India, both have given a Buy rating, with a consensus recommendation to buy as of the same date. This reflects a positive outlook for the company's future performance in the market.
Insecticides India Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 627.09 | 656.69 | -4.51% | 695.99 | -9.9% |
| Selling/ General/ Admin Expenses Total | 38.46 | 38.85 | -1% | 34.14 | +12.65% |
| Depreciation/ Amortization | 7.25 | 7.13 | +1.58% | 7.35 | -1.43% |
| Total Operating Expense | 544.78 | 592.32 | -8.03% | 621.41 | -12.33% |
| Operating Income | 82.32 | 64.37 | +27.88% | 74.58 | +10.37% |
| Net Income Before Taxes | 82.32 | 65.43 | +25.81% | 71.75 | +14.73% |
| Net Income | 61.49 | 49.01 | +25.46% | 53.15 | +15.69% |
| Diluted Normalized EPS | 20.78 | 16.56 | +25.48% | 17.95 | +15.77% |
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First Published:12 Nov 2024, 12:39 PM IST
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