Alok Industries Q2 Results Live: Loss Rises by 49.92% YoY

Alok Industries Q2 Results Live : Alok Industries declared their Q2 results on 14 Oct, 2024, revealing a concerning downturn in financial performance. The company's topline decreased by a staggering 35.46% year-over-year, while its losses surged by 49.92% compared to the same period last year.

In comparison to the previous quarter, Alok Industries experienced an 11.99% decline in revenue, along with a 26.7% increase in losses. The figures indicate a troubling trend for the company, raising concerns among investors and stakeholders.

Despite the drop in revenue, the company's selling, general, and administrative expenses saw a slight decline of 1.91% quarter-over-quarter and a more significant reduction of 6.17% year-over-year. However, this cost-cutting measure was not enough to offset the decline in sales.

The operating income witnessed a drastic fall of 108.11% quarter-over-quarter and an alarming 176.84% year-over-year decrease, highlighting the challenges faced by Alok Industries in the current market environment.

The earnings per share (EPS) for Q2 stood at ₹-0.53, reflecting a decrease of 51.43% year-over-year. This decline raises questions about the company's profitability and future growth prospects.

In terms of stock performance, Alok Industries has delivered a 0.74% return in the last week, but the company has struggled significantly over the past six months, recording an -8.81% return. However, it has managed a positive return of 15.32% year-to-date.

Currently, Alok Industries has a market capitalization of ₹12,224.42 Crores, with a 52-week high of ₹39.05 and a low of ₹16.1, indicating substantial volatility in its stock price over the past year.