Avonmore Capital & Manag Service Q2 Results 2024: Profit Rises by 267.73% YoY
Avonmore Capital & Manag Service reported impressive Q2 results on 17 Nov 2024, with revenue increasing by 25.32% YoY and profit soaring by 267.73% YoY, amounting to ₹17.32 crore and revenue of ₹54.29 crore.
Avonmore Capital & Manag Service Q2 Results 2024:Avonmore Capital & Manag Service declared their Q2 results on 14 Nov, 2024, showcasing a significant growth in financial performance. The company's topline increased by 25.32% year-over-year, leading to a profit boost of 267.73%, with profit standing at ₹17.32 crore and revenue at ₹54.29 crore.
In comparison to the previous quarter, Avonmore experienced remarkable growth, with revenue climbing by 54.76% and profit increasing by 195.56%. This upward trend highlights the company's robust operational efficiency and market positioning.
The selling, general, and administrative expenses saw a rise of 13.33% quarter-over-quarter; however, there was a notable decrease of 18.7% year-over-year. This indicates effective cost management practices implemented by the company.
Moreover, the operating income surged by an impressive 310.41% quarter-over-quarter and saw an astounding increase of 531.12% year-over-year, reflecting strong operational performance and strategic growth initiatives.
The earnings per share (EPS) for Q2 was reported at ₹0.74, which represents a decline of 64.49% year-over-year, suggesting pressures on profitability margins despite the overall profit growth.
In the stock market, Avonmore Capital & Manag Service has faced a challenging week, delivering a return of -14.54% over the last week. However, the company has shown resilience with a return of 5.34% over the last six months and a notable 69.86% year-to-date return.
As of the latest reports, Avonmore Capital & Manag Service holds a market capitalization of ₹322.51 crore, with a 52-week high of ₹18.09 and a low of ₹7.51, indicating significant volatility and investor interest in the stock.
Avonmore Capital & Manag Service Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 54.29 | 35.08 | +54.76% | 43.32 | +25.32% |
| Selling/ General/ Admin Expenses Total | 11.65 | 10.28 | +13.33% | 14.33 | -18.7% |
| Depreciation/ Amortization | 1.22 | 1.1 | +10.91% | 1.43 | -14.69% |
| Total Operating Expense | 33.4 | 29.99 | +11.37% | 40.01 | -16.52% |
| Operating Income | 20.89 | 5.09 | +310.41% | 3.31 | +531.12% |
| Net Income Before Taxes | 21.93 | 10.47 | +109.46% | 8.8 | +149.2% |
| Net Income | 17.32 | 5.86 | +195.56% | 4.71 | +267.73% |
| Diluted Normalized EPS | 0.74 | 0.24 | +211.49% | 2.09 | -64.49% |
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