Jindal Saw Q2 Results Live: Profit Rise by 32.97% YOY

Jindal Saw Q2 Results Live : Jindal Saw declared their Q2 results on 18 Oct, 2024, showcasing a robust performance with the topline increasing by 1.94% year-over-year (YoY) and profit surging by an impressive 32.97% YoY.

In comparison to the previous quarter, Jindal Saw reported a revenue growth of 12.81% and a profit increase of 13.27%, indicating strong operational momentum.

However, the company's Selling, General & Administrative expenses have risen by 3.41% quarter-over-quarter (q-o-q) and increased by 3.1% YoY, pointing towards higher operational costs.

The operating income saw a notable rise, up by 10.41% q-o-q and 15.38% YoY, reflecting effective management strategies and operational efficiencies.

Earnings per share (EPS) for Q2 stood at ₹7.81, which represents a decline of 33.93% YoY. This may raise concerns among investors regarding profitability trends.

Jindal Saw's stock performance has been positive, delivering a 1.47% return in the last week, a substantial 51.54% return over the last six months, and an impressive 77.79% year-to-date (YTD) return.

Currently, Jindal Saw holds a market capitalization of ₹23318.07 Cr, with a 52-week high of ₹383.85 and a low of ₹165, showing significant volatility and potential for growth.

As of 19 Oct, 2024, out of the two analysts covering the company, one has given a Buy rating while the other has assigned a Strong Buy rating, reflecting positive market sentiment.

The consensus recommendation on 19 Oct, 2024, stands at Strong Buy, indicating confidence in Jindal Saw's future performance among analysts.