Ceenik Exports India Q2 Results Live: Profit Rises by 3188.33% YOY
Ceenik Exports India Q2 Results Live: Revenue decreased by 0% YoY & profit increased by 3188.33% YoY.
Ceenik Exports India Q2 Results Live : Ceenik Exports India declared their Q2 results on 14 Oct, 2024, showcasing an extraordinary profit increase of 3188.33% year-over-year, despite a revenue decline of 0%.
In comparison to the previous quarter, the company reported a 0% decline in revenue while profit saw a notable rise of 12.6%. This significant profit surge is indicative of the company's effective cost management strategies.
One of the key factors contributing to this profit growth was the substantial reduction in Selling, General & Administrative (SG&A) expenses, which fell by 45.56% quarter-over-quarter, although they did see a 15.65% increase year-over-year.
Additionally, the operating income experienced a robust growth of 44.18% quarter-over-quarter and 24.66% year-over-year, further bolstering the company’s financial position.
Ceenik Exports India reported an Earnings Per Share (EPS) of ₹12.79 for Q2, marking an astounding increase of 3179.49% year-over-year, reflecting strong operational performance and shareholder value enhancement.
Ceenik Exports India Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 0 | 0 | -0% | 0 | -0% |
| Selling/ General/ Admin Expenses Total | 0.04 | 0.07 | -45.56% | 0.03 | +15.65% |
| Depreciation/ Amortization | 0.03 | 0.05 | -42.38% | 0.06 | -47.23% |
| Total Operating Expense | 0.07 | 0.12 | -44.18% | 0.09 | -24.66% |
| Operating Income | -0.07 | -0.12 | +44.18% | -0.09 | +24.66% |
| Net Income Before Taxes | 5.94 | 5.27 | +12.61% | 0.13 | +4455.79% |
| Net Income | 4.28 | 3.81 | +12.6% | 0.13 | +3188.33% |
| Diluted Normalized EPS | 12.79 | 11.36 | +12.59% | 0.39 | +3179.49% |
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