Osiajee Texfab Q2 Results Live: Profit Falls by 8.77% YOY

Osiajee Texfab Q2 Results Live : Osiajee Texfab declared their Q2 results on 22 October 2024, revealing a decrease in topline revenue by 6.11% year-over-year (YoY) and a profit decrease of 8.77%. Despite these declines, the company showed remarkable growth compared to the previous quarter, with revenue soaring by 180.6% and profit increasing by an impressive 303.13%.

The company's Selling, General & Administrative (SG&A) expenses have seen a significant rise, climbing 151.18% quarter-over-quarter (q-o-q) and escalating by 197.37% YoY. This sharp increase in expenses raises concerns about the company's cost management strategies moving forward.

On a more positive note, Osiajee Texfab reported a substantial growth in operating income, which was up by 294.35% q-o-q and saw a modest increase of 1.73% YoY. This suggests that while the company is facing challenges with revenue and profit, its core operations are becoming more efficient.

The Earnings Per Share (EPS) for Q2 stands at ₹0.97, reflecting an 8.5% decrease YoY. This decline in EPS adds to the overall mixed results of the quarter and highlights the need for strategic adjustments to enhance profitability in the future.