Subros Q2 Results Live : Subros declared their Q2 results on November 7, 2024, reporting a topline increase of 1.84% year-over-year, with profit soaring by 36.1%. Compared to the previous quarter, revenue grew by 2.28% and profit increased by 4.09%.
However, the company faced challenges as Selling, General & Administrative expenses rose by 5.87% quarter-over-quarter and increased by 16.33% year-over-year. This rise in expenses contributed to a decline in operating income, which was down by 4.03% from the previous quarter but still up 8.24% year-over-year.
Earnings per share (EPS) for Q2 stood at ₹5.58, reflecting a 36.1% increase year-over-year. Despite the mixed results in terms of expenses and operating income, Subros has shown strong performance in the stock market, delivering a 7.7% return in the last week, 17.19% over the last six months, and an impressive 25.74% return year-to-date.
Currently, Subros boasts a market capitalization of ₹4,444.51 crore, with a 52-week high of ₹827.4 and a low of ₹393.95. Analyst sentiment remains bullish, as out of the two analysts covering the company, both have issued a 'Strong Buy' rating.
As of November 8, 2024, the consensus recommendation is to 'Strong Buy', indicating confidence in Subros' future growth and profitability.
Subros Financials
Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
---|---|---|---|---|---|
Total Revenue | 828.31 | 809.82 | +2.28% | 813.37 | +1.84% |
Selling/ General/ Admin Expenses Total | 83.83 | 79.18 | +5.87% | 72.06 | +16.33% |
Depreciation/ Amortization | 31.71 | 30.59 | +3.66% | 28.87 | +9.84% |
Total Operating Expense | 783.54 | 763.17 | +2.67% | 772.01 | +1.49% |
Operating Income | 44.77 | 46.65 | -4.03% | 41.36 | +8.24% |
Net Income Before Taxes | 48.64 | 47.24 | +2.96% | 41.69 | +16.67% |
Net Income | 36.42 | 34.99 | +4.09% | 26.76 | +36.1% |
Diluted Normalized EPS | 5.58 | 5.36 | +4.1% | 4.1 | +36.1% |
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