Aditya Birla Money Q2 Results Live: Profit Rises by 123.88% YOY

Aditya Birla Money Q2 Results Live : Aditya Birla Money declared their Q2 results on 16 Oct, 2024, showcasing a remarkable financial performance. The company's topline surged by 22.48% year-over-year, while profits skyrocketed by an impressive 123.88%. This strong growth highlights the company's robust business strategy and market positioning.

In comparison to the previous quarter, Aditya Birla Money witnessed a revenue growth of 3.12%, alongside a 63.1% increase in profit. This consistent upward trend underscores the company's resilience in a competitive financial landscape.

Notably, the Selling, General & Administrative expenses saw a decline of 17.07% quarter-over-quarter, but recorded a slight increase of 1.12% year-over-year. This efficient cost management strategy is indicative of the company's commitment to optimizing operational efficiency.

The operating income also demonstrated positive momentum, rising by 24.23% quarter-over-quarter and 57.84% year-over-year. This robust operating performance reflects the company’s effective revenue generation capabilities.

Earnings per share (EPS) stood at ₹4.72 for Q2, marking an increase of 123.7% year-over-year. This substantial rise in EPS further illustrates the company's profitability and shareholder value enhancement.

Aditya Birla Money has delivered impressive returns to its investors, with a 22.69% return in the last week, 55.05% return over the last six months, and a staggering 64.4% year-to-date return. These figures highlight the stock's performance amidst market fluctuations.

Currently, Aditya Birla Money boasts a market capitalization of ₹963.82 Cr, with a 52-week high of ₹189.08 and a low of ₹83.2. The company's strong market presence and financial results position it favorably for continued growth.