Anupam Rasayan India Q2 Results 2024: Profit Falls by 59.02% YoY
Anupam Rasayan India reported a significant decline in its Q2 results for 2024, with a profit decrease of 59.02% year-over-year, amounting to ₹16.67 crore, and revenue falling by 25.04% to ₹293.96 crore.
Anupam Rasayan India Q2 Results 2024:Anupam Rasayan India declared its Q2 results for the fiscal year 2024 on 14 November 2024. The company's performance has shown a worrying trend, with a topline revenue decrease of 25.04% and a profit decline of 59.02% year-over-year, resulting in a profit of ₹16.67 crore and revenue of ₹293.96 crore.
In comparison to the previous quarter, the company's revenue demonstrated a growth of 15.64%; however, profit saw a drastic decline of 92.81%. This sharp contrast highlights the company's struggles in maintaining its profitability despite a slight recovery in revenue.
The selling, general, and administrative expenses saw a quarter-over-quarter increase of 6.98%, while they decreased by 1.93% year-over-year. This reflects the company's efforts to manage costs amid declining revenues.
Interestingly, the operating income witnessed an increase of 80.57% quarter-over-quarter, although it decreased by 32.97% year-over-year, indicating fluctuating operational efficiency.
The earnings per share (EPS) for Q2 stood at ₹1.51, a significant decline of 59.95% year-over-year, further emphasizing the financial challenges faced by the company.
Over the past week, Anupam Rasayan India has delivered a -0.25% return, with a more concerning -6.3% return over the last six months and a staggering -30.15% year-to-date return, reflecting investor sentiment.
The current market capitalization of Anupam Rasayan India is approximately ₹8073.98 crore, with a 52-week high of ₹1106.3 and a low of ₹672.8, indicating a considerable fluctuation in stock performance.
As of 15 November 2024, out of the nine analysts covering Anupam Rasayan India, three have issued strong sell ratings, one has a sell rating, two have a hold rating, two have a buy rating, and one has a strong buy rating. The consensus recommendation is to hold, suggesting cautious optimism amid ongoing challenges.
Anupam Rasayan India Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 293.96 | 254.2 | +15.64% | 392.15 | -25.04% |
| Selling/ General/ Admin Expenses Total | 18.15 | 16.96 | +6.98% | 18.5 | -1.93% |
| Depreciation/ Amortization | 21.68 | 20.65 | +4.99% | 19.85 | +9.21% |
| Total Operating Expense | 235.22 | 221.67 | +6.11% | 304.52 | -22.76% |
| Operating Income | 58.74 | 32.53 | +80.57% | 87.63 | -32.97% |
| Net Income Before Taxes | 34.02 | 244.05 | -86.06% | 70.66 | -51.86% |
| Net Income | 16.67 | 231.75 | -92.81% | 40.69 | -59.02% |
| Diluted Normalized EPS | 1.51 | 0.36 | +319.44% | 3.77 | -59.95% |
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₹16.67Cr
₹293.96Cr
First Published:15 Nov 2024, 12:32 PM IST
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