Orient Green Power Company Q2 Results 2024 on 14 Nov, 2024: profit falls by 10.9% YOY, profit at ₹66.79 crore and revenue at ₹124.04 crore

Orient Green Power Company Q2 Results 2024:Orient Green Power Company has released its financial results for the second quarter of 2024 on November 14, 2024, revealing a mixed performance in terms of revenue and profit. The company's revenue saw a modest increase of 1.42% year-on-year, totaling ₹124.04 crore. However, profits took a hit, declining by 10.9% to ₹66.79 crore compared to the same quarter last year.

In a positive note, when compared to the previous quarter, Orient Green Power Company experienced significant growth, with revenue soaring by 95.52% and profit jumping by an impressive 453.36%. This indicates a strong recovery from the previous quarter's performance.

The company's operating income also reflected robust growth, showing a staggering increase of 310.98% quarter-on-quarter and a 6.91% rise year-on-year. Despite this, the earnings per share (EPS) for the quarter stood at ₹0.55, a decrease of 26.92% year-on-year, suggesting that while revenues may have grown, profitability is under pressure.

Additionally, the selling, general, and administrative expenses saw a decline of 2.63% quarter-on-quarter but increased by 1.79% year-on-year. This indicates some cost management efforts by the company, though the overall impact on profit margins remains a concern.

On the stock performance front, Orient Green Power Company has faced challenges, reporting an -8.9% return in the last week, -5.57% over the past six months, and a -12.72% return year-to-date. Currently, the company holds a market capitalization of ₹2065.71 crore, with a 52-week high of ₹31.88 and a low of ₹16.57.

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