GNA Axles Q2 Results Live: Profit Rises by 3.37% YoY

GNA Axles Q2 Results Live : GNA Axles declared their Q2 results on 18 Oct, 2024, reporting a mixed performance for the quarter. While the topline saw a decline of 4.12% year-over-year, the company managed to increase its profit by 3.37%. Compared to the previous quarter, revenue fell by 3.02%, but profit saw a rise of 2.77%.

In further analysis, the Selling, General & Administrative expenses showcased a positive trend, declining by 10.27% quarter-on-quarter and down 1.51% year-on-year. However, the operating income did not follow suit, decreasing by 5.74% compared to the prior quarter and down 2.58% year-on-year.

Earnings per share (EPS) for Q2 stood at ₹6.64, reflecting an increase of 3.27% from the previous year. Despite the mixed financials, GNA Axles has had a challenging week, posting a return of -0.33%. However, the company has shown resilience in the last six months with a return of 5.12%, despite a year-to-date decline of 4.07%.

As of now, GNA Axles holds a market capitalization of ₹1833.14 crore, with its 52-week range spanning from a high of ₹519 to a low of ₹357.2. The stock's performance has caught the attention of analysts, with a consensus recommendation of 'Strong Buy' from the one analyst covering the company as of 19 Oct, 2024.