Mcleod Russel India Q2 FY24 results: profit falls by 53.23% YOY
Mcleod Russel India Q2 FY24 results: Revenue decreased by 13.92% YoY & profit decreased by 53.23% YoY
Mcleod Russel India announced its Q2 FY24 results on 14th November 2023, revealing a 13.92% decrease in revenue and a significant 53.23% decrease in profit year-over-year.
However, in comparison to the previous quarter, the company saw a substantial 61.58% growth in revenue and a remarkable 184.17% increase in profit.
The Selling, general & administrative expenses experienced a notable 20.7% increase quarter-over-quarter and a 7.54% increase year-over-year.
Despite the quarterly fluctuations, the operating income surged by an impressive 601.14% quarter-over-quarter but declined by 47.07% year-over-year.
The earnings per share (EPS) for Q2 FY24 stood at ₹5.85, marking a 53.27% decrease year-over-year.
Furthermore, Mcleod Russel India's stock performance showed a 3.22% return in the last week, while demonstrating -8.11% and -35.08% returns in the last 6 months and year-to-date respectively.
As of now, the company holds a market capitalization of ₹201.08 Cr, with a 52-week high/low stock price of ₹32.8 and ₹16.3 respectively.
Mcleod Russel India Financials
| Period | Q2 FY24 | Q1 FY24 | Q-o-Q Growth | Q2 FY23 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 365.88 | 226.44 | +61.58% | 425.06 | -13.92% |
| Selling/ General/ Admin Expenses Total | 220.04 | 182.31 | +20.7% | 204.61 | +7.54% |
| Depreciation/ Amortization | 17.57 | 16.49 | +6.55% | 17.5 | +0.4% |
| Total Operating Expense | 260.49 | 247.47 | +5.26% | 225.94 | +15.29% |
| Operating Income | 105.39 | -21.03 | +601.14% | 199.12 | -47.07% |
| Net Income Before Taxes | 59.5 | -73.04 | +181.46% | 155.33 | -61.69% |
| Net Income | 61.15 | -72.65 | +184.17% | 130.76 | -53.23% |
| Diluted Normalized EPS | 5.85 | -6.96 | +184.05% | 12.52 | -53.27% |
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