MRP Agro Q2 Results Live: Profit Rises by 91.66% YOY

MRP Agro Q2 Results Live : MRP Agro declared their Q2 results on 15 October 2024, showcasing significant growth in profitability. The company reported a remarkable profit increase of 91.66% year-over-year, despite facing a 12.51% decline in revenue compared to the previous quarter.

The topline saw an 8.36% increase year-over-year, indicating a solid performance over the past year. However, quarter-over-quarter results reveal a different picture, with both revenue and profit experiencing declines of 12.51% and 27.72%, respectively.

In terms of operational efficiency, the Selling, General & Administrative expenses rose by 14.62% quarter-over-quarter but showed a decrease of 10.41% year-over-year. This suggests the company is managing its costs effectively compared to the same period last year.

Operating income reflected a significant change, decreasing by 35.26% from the previous quarter while soaring 101.94% year-over-year. This highlights MRP Agro's ability to improve its operational income compared to the same quarter last year.

Earnings per share (EPS) for Q2 stood at ₹1.75, marking an impressive increase of 326.83% year-over-year. This strong EPS growth underscores the company's robust profitability despite some quarterly setbacks.

In terms of stock performance, MRP Agro delivered a slight decline of -0.27% in the last week, but the company has seen substantial returns of 82.83% over the last six months and an impressive 155.12% year-to-date.

Currently, MRP Agro boasts a market capitalization of ₹110.09 crore, with a 52-week trading range between ₹32.85 and ₹141.4, indicating significant volatility and potential for investors.