Sharda Cropchem Q2 Results: Profit at ₹42.41Cr, Revenue Increased by 33.77% YoY

Sharda Cropchem Q2 Results Live : Sharda Cropchem declared their Q2 results on 25 Oct, 2024, reporting a significant turnaround with a profit of ₹42.41 crore. This marks a remarkable increase in revenue by 33.77% year-on-year, especially when compared to a loss of ₹27.58 crore in the same period last fiscal year.

However, it is important to note that revenue declined slightly by 1.05% compared to the previous quarter. The company's selling, general, and administrative expenses saw a decrease of 7.04% quarter-on-quarter, although they increased by 12.67% year-on-year.

In terms of operational performance, Sharda Cropchem reported a substantial increase in operating income, which rose by 67.35% quarter-on-quarter and 152.52% year-on-year. The earnings per share (EPS) also saw a remarkable increase of 253.59% year-on-year, reaching ₹4.7 for Q2.

Investors have seen mixed returns over different timeframes, with Sharda Cropchem delivering a -2.29% return in the last week, but a promising 57.41% return over the last six months and a 30.47% return year-to-date.

The company currently holds a market capitalization of ₹5329.78 crore, with its 52-week high and low standing at ₹636.85 and ₹318.05, respectively. Analyst sentiment is cautiously optimistic, with a consensus recommendation to Buy as of 26 Oct, 2024, where out of five analysts, two have given a Hold rating, two a Buy rating, and one a Strong Buy rating.