De Nora India Q2 Results Live: Profit Falls by 48.33% YOY

De Nora India Q2 Results Live : De Nora India declared its Q2 results on 24 October 2024, revealing a challenging quarter marked by a significant decline in profitability. The company's topline decreased by 4.94% year-over-year, while profit saw a steep fall of 48.33% compared to the same quarter last year.

Despite the year-over-year decline, De Nora India showed resilience when compared to the previous quarter. Revenue grew by an impressive 42.14% and profit increased by 13.86%, indicating a potential recovery in operational performance.

The financial report also highlighted an increase in selling, general, and administrative expenses, which rose by 1.9% quarter-over-quarter and by 0.1% year-over-year. This uptick may have contributed to the overall dip in profitability.

Operating income presented a mixed picture, showing a quarter-over-quarter increase of 10.23%, but a significant year-over-year decrease of 62.12%. This sharp decline raises concerns about the sustainability of the company's operational efficiency.

Earnings per share (EPS) for Q2 stood at ₹6.18, reflecting a decrease of 48.33% year-over-year. This decline in EPS underscores the challenges faced by De Nora India in maintaining its earnings amidst a tough market environment.

In terms of market performance, De Nora India has experienced a -5.93% return over the last week, a -29.45% return over the last six months, and a -10.37% year-to-date return. This trend indicates a broader struggle for the company's stock amidst fluctuating investor sentiment.

Currently, De Nora India holds a market capitalization of ₹730.15 Cr, with its 52-week high and low standing at ₹2025 and ₹1293.2, respectively. The significant gap between these values reflects the volatility and uncertainty surrounding the company’s future performance.