Transchem Q2 Results Live: Profit Rises by 49.36% YOY
Transchem Q2 Results Live: Revenue decreased by 0% YoY & profit increased by 49.36% YoY
Transchem Q2 Results Live : Transchem declared their Q2 results on 15 October 2024, revealing a notable increase in profit despite a stagnant revenue figure. The company's topline revenue remained unchanged year-over-year, showing a 0% decline, while profit surged by an impressive 49.36%.
In comparison to the previous quarter, however, the figures tell a different story. Revenue saw a decline of 0% quarter-over-quarter, and profit decreased by 13.09%, indicating some challenges in maintaining growth momentum.
The selling, general, and administrative expenses experienced a slight rise of 0.31% on a quarterly basis, yet they showed a significant decrease of 30.28% year-over-year. This reduction in expenses likely contributed to the overall profit growth.
Operating income also reflected a decline, with a 35.44% drop quarter-over-quarter. Nonetheless, it increased by 4.76% when compared to the same quarter last year, suggesting some underlying operational strengths.
Earnings per share (EPS) stood at ₹1.18 for Q2, marking a substantial increase of 49.37% year-over-year. This strong performance in EPS is a positive indicator for investors as Transchem continues to navigate the market challenges.
Transchem Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 0 | 0 | -0% | 0 | -0% |
| Selling/ General/ Admin Expenses Total | 0.16 | 0.16 | +0.31% | 0.23 | -30.28% |
| Depreciation/ Amortization | 0 | 0 | -12.5% | 0 | -30% |
| Total Operating Expense | 0.37 | 0.27 | +35.44% | 0.39 | -4.76% |
| Operating Income | -0.37 | -0.27 | -35.44% | -0.39 | +4.76% |
| Net Income Before Taxes | 1.94 | 2.19 | -11.83% | 1.3 | +49.33% |
| Net Income | 1.44 | 1.66 | -13.09% | 0.97 | +49.36% |
| Diluted Normalized EPS | 1.18 | 1.36 | -13.24% | 0.79 | +49.37% |
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