KIOCL Q2 Results Live: Loss Rises by 223.56% YOY
KIOCL Q2 Results Live: Revenue decreased by 96.26% YoY & loss increased by 223.56% YoY
KIOCL Q2 Results Live : KIOCL declared their Q2 results on 30 Oct, 2024, revealing a staggering decline in revenue and a significant increase in losses. The company reported a topline decrease of 96.26% year-over-year, while losses surged by 223.56%, raising concerns among investors.
In comparison to the previous quarter, KIOCL's revenue fell by 89.05%, and losses increased by 36.46%. The dramatic shift in financial performance has left analysts questioning the company's operational strategies and market conditions.
Despite a slight reduction in Selling, General & Administrative expenses, which declined by 3.52% quarter-over-quarter and 6.02% year-over-year, the overall financial outlook remains bleak. The operating income also took a hit, down 35.52% from the previous quarter and a staggering 192.02% year-over-year.
The company's Earnings Per Share (EPS) for Q2 was reported at ₹-1.14, reflecting a decrease of 225.71% year-over-year, further emphasizing the financial struggles faced by KIOCL.
KIOCL's stock performance has been disappointing, with a return of just 0.66% over the past week, a decline of 21.37% over the last six months, and a year-to-date return of -8.54%. This trend is likely to raise eyebrows among shareholders and potential investors.
Currently, KIOCL boasts a market capitalization of ₹20,462.98 Crores, with a 52-week high of ₹577.35 and a low of ₹302.80. The stark contrast in these figures highlights the volatility and uncertainty surrounding the company's future.
KIOCL Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 16.14 | 147.37 | -89.05% | 431.24 | -96.26% |
| Selling/ General/ Admin Expenses Total | 39.15 | 40.58 | -3.52% | 41.66 | -6.02% |
| Depreciation/ Amortization | 9.93 | 8.08 | +22.9% | 6.99 | +42.06% |
| Total Operating Expense | 93.32 | 204.32 | -54.33% | 457.67 | -79.61% |
| Operating Income | -77.18 | -56.95 | -35.52% | -26.43 | -192.02% |
| Net Income Before Taxes | -69.72 | -48.63 | -43.37% | -17.92 | -289.06% |
| Net Income | -69.21 | -50.72 | -36.46% | -21.39 | -223.56% |
| Diluted Normalized EPS | -1.14 | -0.83 | -37.35% | -0.35 | -225.71% |
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First Published:1 Nov 2024, 10:57 AM IST
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