Sammaan Capital Q2 results 2024 on 16 Nov, 2024: loss at ₹2761Cr, Revenue increased by 8.75% YoY
Sammaan Capital Q2 results 2024 on 16 Nov, 2024: Revenue increased by 8.75% YoY & loss at ₹2761Cr
Sammaan Capital Q2 Results 2024:Sammaan Capital announced its Q2 results for 2024 on 14 Nov, revealing a significant loss of ₹2761 crore. This contrasts sharply with the profit of ₹297.98 crore reported in the same quarter of the previous fiscal year. Despite the financial setback, the company reported a revenue increase of 8.75% year-over-year, and a growth of 9.74% compared to the previous quarter.
The company's Selling, General and Administrative expenses surged by 33.33% quarter-on-quarter and 35.53% year-on-year, contributing to the overall loss. The operating income also fell drastically, down 242.77% quarter-on-quarter and 239.5% year-on-year, reflecting the challenging market conditions faced by the firm.
Earnings per share (EPS) for the second quarter stood at ₹2.76, marking a steep decline of 70.12% year-on-year. Investors have been wary, as evidenced by the stock's performance; Sammaan Capital has seen a -6.95% return in the last week, -17.08% over the past six months, and a staggering -30.19% year-to-date.
Currently, Sammaan Capital's market capitalization is ₹9841.24 crore, with a 52-week high of ₹209.3 and a low of ₹131.13. Analysts remain pessimistic, with a consensus recommendation of 'Sell' based on the latest assessments. Out of one analyst covering the company, all have issued a sell rating as of 16 Nov, 2024.
Sammaan Capital Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 2422 | 2207 | +9.74% | 2227.21 | +8.75% |
| Selling/ General/ Admin Expenses Total | 204 | 153 | +33.33% | 150.52 | +35.53% |
| Depreciation/ Amortization | 20 | 19 | +5.26% | 22.94 | -12.82% |
| Total Operating Expense | 4872 | 491 | +892.26% | 470.97 | +934.46% |
| Operating Income | -2450 | 1716 | -242.77% | 1756.24 | -239.5% |
| Net Income Before Taxes | -3685 | 437 | -943.25% | 421.56 | -974.13% |
| Net Income | -2761 | 327 | -944.34% | 297.98 | -1026.57% |
| Diluted Normalized EPS | 2.76 | 8.15 | -66.1% | 9.25 | -70.12% |
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