La Opala Rg Q2 Results 2024 on 16 Nov, 2024: profit falls by 22.86% YOY, profit at ₹24.06 crore and revenue at ₹90.61 crore
La Opala Rg Q2 Results 2024 on 16 Nov, 2024: Revenue increased by 1.54% YoY & profit decreased by 22.86% YoY, profit at ₹24.06 crore and revenue at ₹90.61 crore
La Opala Rg Q2 Results 2024:La Opala Rg announced its Q2 results for 2024 on November 14, revealing a mixed performance with a year-over-year profit decrease of 22.86%. The company's profit for the quarter stood at ₹24.06 crore, while revenue showed a modest increase of 1.54% to reach ₹90.61 crore.
In comparison to the previous quarter, La Opala Rg experienced a significant growth in revenue, which rose by 24.38%. Additionally, the profit saw a slight increase of 1.69% quarter-over-quarter, indicating some resilience despite the year-over-year decline.
The company's selling, general, and administrative expenses saw a notable reduction, declining by 5.63% sequentially and 22.2% annually. This decrease could signal improved cost management strategies implemented by the company.
Operating income for the quarter was up by 14.28% compared to the previous quarter, although it decreased by 12.69% year-over-year, reflecting the challenges faced by the company in maintaining profitability in a competitive market.
Earnings per share (EPS) stood at ₹2.17 for Q2, marking a decline of 22.78% from the same period last year, which may concern investors looking for growth.
Over the past week, La Opala Rg shares have delivered a return of -4.68%, while over the last six months, the return has been 2.73%. Year-to-date, the stock has seen a decline of 10.31%. Currently, the company has a market capitalization of ₹3,650.79 crore with a 52-week high of ₹416.56 and a low of ₹286.59.
Despite the mixed quarterly results, analysts remain optimistic about the company's future, with a consensus recommendation of 'Strong Buy' from all three analysts covering the stock as of November 16, 2024.
La Opala Rg Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 90.61 | 72.85 | +24.38% | 89.24 | +1.54% |
| Selling/ General/ Admin Expenses Total | 26.02 | 27.57 | -5.63% | 33.44 | -22.2% |
| Depreciation/ Amortization | 4.2 | 4.72 | -11.06% | 5.75 | -26.95% |
| Total Operating Expense | 65.53 | 50.91 | +28.73% | 60.51 | +8.3% |
| Operating Income | 25.08 | 21.95 | +14.28% | 28.73 | -12.69% |
| Net Income Before Taxes | 39.35 | 31.67 | +24.24% | 37.51 | +4.9% |
| Net Income | 24.06 | 23.66 | +1.69% | 31.19 | -22.86% |
| Diluted Normalized EPS | 2.17 | 2.13 | +1.88% | 2.81 | -22.78% |
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