NDL Ventures Q2 Results Live: Profit Falls by 54.29% YOY

NDL Ventures Q2 Results Live : NDL Ventures has announced its Q2 results on 22 October 2024, revealing a significant decline in profitability. The company's topline revenue remained unchanged, recording a 0% decrease year-over-year, but profit plummeted by 54.29%.

In comparison to the previous quarter, revenue also showed no change, while profit experienced a slight increase of 19%. This juxtaposition highlights the challenges NDL Ventures faces in maintaining profitability amidst stagnant revenue.

Selling, general, and administrative expenses saw a minor decline of 0.93% quarter-over-quarter, but increased by 1.71% compared to the same period last year. This indicates rising operational costs that may have contributed to the drop in profit.

Operating income fell by 6.23% from the previous quarter and decreased by 6.55% year-over-year, reflecting the ongoing struggles within the company's core operations.

Earnings per share (EPS) for Q2 stands at ₹0.06, representing a staggering decrease of 57.14% year-over-year, signaling investor concerns regarding the company's profitability and future prospects.

In terms of stock performance, NDL Ventures has delivered a -2.55% return over the past week, a 7.91% return over the last six months, but a concerning -23.04% year-to-date return, further emphasizing the volatility faced by investors.

Currently, NDL Ventures holds a market capitalization of ₹371.33 Crores, with a 52-week high of ₹164 and a low of ₹81.35, indicating a challenging trading environment as the company navigates through its financial difficulties.