DB Corp Q2 Results Live: Profit Falls by 17.64% YoY

DB Corp Q2 Results Live : DB Corp declared their Q2 results on 15 October 2024, revealing a challenging quarter for the company. The topline revenue experienced a decline of 4.62% year-over-year, while profit saw a more significant drop of 17.64%. Compared to the previous quarter, revenue fell by 5.24%, and profit plummeted by 29.94%.

The company's Selling, General & Administrative expenses rose by 5.85% quarter-on-quarter and increased by 3.96% year-over-year, indicating rising operational costs amid declining revenues.

Operating income also showed a substantial decrease, down by 31.63% compared to the previous quarter and down 23.82% year-over-year, reflecting the overall challenges faced by the company.

Earnings per share (EPS) for Q2 stood at ₹4.83, representing a decrease of 14.19% year-over-year, further highlighting the financial struggles of DB Corp during this period.

In terms of stock performance, DB Corp has delivered a return of -11.55% in the last week, while showing a modest recovery with an 11.67% return over the last six months and a year-to-date return of 19.17%.

Currently, DB Corp has a market capitalization of ₹5675.21 crore, with its stock trading within a 52-week range of ₹403.9 to ₹235.8.

As of 16 October 2024, among the three analysts covering DB Corp, opinions are mixed: one analyst has issued a 'Strong Sell' rating, another has provided a 'Buy' rating, and the third has given a 'Strong Buy' rating, reflecting varying confidence levels in the company's recovery.