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TT Q2 Results Live : TT declared its Q2 results on October 24, 2024, showcasing a significant topline increase of 12.81% year-over-year, coupled with an impressive profit surge of 432.68%. These results highlight the company's robust performance compared to the same period last year.
However, when evaluating the quarterly performance against the previous quarter, the revenue experienced a growth of 32.32%, while profit saw a drastic decline of 92.74%. This contrast indicates potential challenges that TT faced in the most recent quarter.
In terms of expenses, TT managed to reduce its Selling, General & Administrative expenses by 4.54% quarter-over-quarter, and by 7.84% year-over-year, suggesting a focus on cost efficiency amid fluctuating profits.
TT's operating income also reflected a downturn, decreasing by 79.64% on a quarter-over-quarter basis and 34.79% year-over-year. This decline raises questions about the company's operational effectiveness in the recent quarter.
Earnings Per Share (EPS) for Q2 stood at ₹0.23, marking a substantial increase of 475% year-over-year, which is a positive indicator for shareholders despite the mixed results.
TT has shown notable returns for investors, delivering a 10.32% return in the last week, 12.82% over the past six months, and an impressive 26.74% year-to-date. This performance may entice both existing and potential investors looking for growth opportunities.
As of now, TT boasts a market capitalization of ₹272.75 Crores, with a 52-week high of ₹134.67 and a low of ₹89.55, reflecting the stock's volatility and potential for future growth.
TT Financials
Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
---|---|---|---|---|---|
Total Revenue | 54.31 | 41.05 | +32.32% | 48.14 | +12.81% |
Selling/ General/ Admin Expenses Total | 3.31 | 3.46 | -4.54% | 3.59 | -7.84% |
Depreciation/ Amortization | 0.32 | 0.35 | -10.15% | 0.79 | -60.27% |
Total Operating Expense | 51.72 | 28.32 | +82.61% | 44.17 | +17.09% |
Operating Income | 2.59 | 12.72 | -79.64% | 3.97 | -34.79% |
Net Income Before Taxes | 0.53 | 10.09 | -94.74% | 0.15 | +251.19% |
Net Income | 0.49 | 6.71 | -92.74% | 0.09 | +432.68% |
Diluted Normalized EPS | 0.23 | -2.03 | +111.33% | 0.04 | +475% |
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