Orient Green Power Company Q2 Results 2024 on 14 Nov, 2024: profit falls by 10.9% YOY, profit at ₹66.79 crore and revenue at ₹124.04 crore
Orient Green Power Company Q2 Results 2024 on 14 Nov, 2024: Revenue increased by 1.42% YoY & profit decreased by 10.9% YoY, profit at ₹66.79 crore and revenue at ₹124.04 crore
Orient Green Power Company Q2 Results 2024:Orient Green Power Company has released its financial results for the second quarter of 2024 on November 14, 2024, revealing a mixed performance in terms of revenue and profit. The company's revenue saw a modest increase of 1.42% year-on-year, totaling ₹124.04 crore. However, profits took a hit, declining by 10.9% to ₹66.79 crore compared to the same quarter last year.
In a positive note, when compared to the previous quarter, Orient Green Power Company experienced significant growth, with revenue soaring by 95.52% and profit jumping by an impressive 453.36%. This indicates a strong recovery from the previous quarter's performance.
The company's operating income also reflected robust growth, showing a staggering increase of 310.98% quarter-on-quarter and a 6.91% rise year-on-year. Despite this, the earnings per share (EPS) for the quarter stood at ₹0.55, a decrease of 26.92% year-on-year, suggesting that while revenues may have grown, profitability is under pressure.
Additionally, the selling, general, and administrative expenses saw a decline of 2.63% quarter-on-quarter but increased by 1.79% year-on-year. This indicates some cost management efforts by the company, though the overall impact on profit margins remains a concern.
On the stock performance front, Orient Green Power Company has faced challenges, reporting an -8.9% return in the last week, -5.57% over the past six months, and a -12.72% return year-to-date. Currently, the company holds a market capitalization of ₹2065.71 crore, with a 52-week high of ₹31.88 and a low of ₹16.57.
Orient Green Power Company Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 124.04 | 63.44 | +95.52% | 122.3 | +1.42% |
| Selling/ General/ Admin Expenses Total | 17.02 | 17.48 | -2.63% | 16.72 | +1.79% |
| Depreciation/ Amortization | 21.03 | 20.69 | +1.64% | 20.65 | +1.84% |
| Total Operating Expense | 41.31 | 43.31 | -4.62% | 44.92 | -8.04% |
| Operating Income | 82.73 | 20.13 | +310.98% | 77.38 | +6.91% |
| Net Income Before Taxes | 66.46 | 6.12 | +985.95% | 75 | -11.39% |
| Net Income | 66.79 | 12.07 | +453.36% | 74.96 | -10.9% |
| Diluted Normalized EPS | 0.55 | 0.05 | +1098.18% | 0.76 | -26.92% |
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Business NewsCompaniesCompany ResultsOrient Green Power Company Q2 Results 2024 on 14 Nov, 2024: profit falls by 10.9% YOY, profit at ₹66.79 crore and revenue at ₹124.04 crore
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₹66.79Cr
₹124.04Cr
First Published:14 Nov 2024, 12:30 PM IST
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