SIS Q2 Results Live: Profit Falls by 8.59% YOY
SIS Q2 Results Live: Revenue increased by 6.35% YoY & profit decreased by 8.59% YoY
SIS Q2 Results Live : SIS declared their Q2 results on 28 Oct, 2024, revealing a topline increase of 6.35% year-over-year. However, profit saw a decline of 8.59% compared to the same period last year. The company reported a revenue growth of 4.44% from the previous quarter, with profit rising by 7.14% sequentially.
A closer look at the financials indicates that Selling, General, and Administrative expenses rose by 4.2% quarter-over-quarter and increased by 7.94% year-over-year. This uptick in expenses likely contributed to the overall decrease in profit despite the revenue growth.
Operating income experienced an increase of 8.57% compared to the previous quarter but showed a slight decline of 1.27% year-over-year. The Earnings Per Share (EPS) for Q2 was reported at ₹4.74, marking a decrease of 7.42% year-over-year.
In terms of stock performance, SIS has struggled recently, delivering a -4.93% return in the last week, -18.5% over the past six months, and a -16.35% return year-to-date. The current market capitalization stands at ₹5478.02 Cr, with a 52-week high of ₹564.55 and a low of ₹378.
As of 29 Oct, 2024, out of the three analysts covering SIS, the ratings are mixed: one analyst has given a Sell rating, another a Buy rating, and one a Strong Buy rating. The consensus recommendation as of the same date suggests a Buy, indicating some optimism among analysts despite the recent challenges.
SIS Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 3268.81 | 3129.86 | +4.44% | 3073.62 | +6.35% |
| Selling/ General/ Admin Expenses Total | 2728.7 | 2618.76 | +4.2% | 2528.05 | +7.94% |
| Depreciation/ Amortization | 41.99 | 42.74 | -1.75% | 40.37 | +4.01% |
| Total Operating Expense | 3166.05 | 3035.21 | +4.31% | 2969.54 | +6.62% |
| Operating Income | 102.76 | 94.65 | +8.57% | 104.09 | -1.27% |
| Net Income Before Taxes | 76.01 | 71.2 | +6.75% | 88.44 | -14.06% |
| Net Income | 68.81 | 64.22 | +7.14% | 75.28 | -8.59% |
| Diluted Normalized EPS | 4.74 | 4.42 | +7.24% | 5.12 | -7.42% |
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First Published:29 Oct 2024, 10:57 AM IST
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