MOIL Q2 Results Live: Profit Falls by 18.79% YOY

MOIL Q2 Results Live : MOIL declared their Q2 results on 25 Oct, 2024, revealing a challenging quarter for the company. The topline decreased by 16.01%, while profit fell by 18.79% year-over-year, raising concerns among investors.

In comparison to the previous quarter, the revenue experienced a significant decline of 40.77%, and profits plummeted by 67.21%. This stark contrast highlights the struggles faced by the company in recent months.

Notably, the Selling, General & Administrative expenses saw a slight decline of 3.62% quarter-over-quarter, but this marked a year-over-year increase of 1.91%, indicating rising operational costs.

The operating income was particularly affected, down by 76.66% quarter-over-quarter and 32.29% year-over-year, showcasing the operational challenges that MOIL is currently navigating.

Earnings per share (EPS) for Q2 stood at ₹2.46, reflecting an 18.77% decrease compared to the same quarter last year, further signaling a tough financial environment for the company.

Despite these setbacks, MOIL has delivered a return of -6.99% in the past week, -20.71% over the last six months, but a relatively positive 10.52% year-to-date return.

The company's market capitalization currently stands at ₹6949.02 Cr, with a 52-week high of ₹588 and a low of ₹218.25, underscoring the volatility in its stock performance.

As of 26 Oct, 2024, analysts remain divided on the company's prospects, with one analyst issuing a 'Sell' rating and another providing a 'Strong Buy' rating, reflecting the uncertainty surrounding MOIL's future performance.