Simplex Infrastructures Q2 Results 2024 on 17 Nov, 2024: loss rise by 49.1% YOY, loss at ₹10.78 crore and revenue at ₹268.06 crore
Simplex Infrastructures Q2 Results 2024 on 17 Nov, 2024: Revenue decreased by 14.21% YoY & loss increased by 49.1% YoY, loss at ₹10.78 crore and revenue at ₹268.06 crore
Simplex Infrastructures Q2 Results 2024:Simplex Infrastructures declared their Q2 results on 14 Nov, 2024, reporting a concerning financial performance. The company witnessed a significant decline in topline revenue, which decreased by 14.21% year-over-year (YoY), amounting to ₹268.06 crore.
The losses for the quarter also rose sharply, with a year-on-year increase of 49.1%, leading to a net loss of ₹10.78 crore. Compared to the previous quarter, revenue declined by 9.38%, and losses increased by 9.22%.
On a positive note, the company managed to reduce its selling, general, and administrative expenses, which fell by 2.07% quarter-on-quarter and by 8.48% YoY. Additionally, the operating income saw a slight improvement, rising by 16.64% from the previous quarter, although it still marked a decrease of 6.77% YoY.
Earnings per share (EPS) for Q2 stood at ₹-1.88, reflecting a 48.03% decline compared to the same period last year. Despite these setbacks, Simplex Infrastructures has shown a notable recovery in its stock performance over the past six months, delivering a return of 93.52%, along with a year-to-date return of 218.59%.
As of now, Simplex Infrastructures holds a market capitalization of ₹1459.14 crore, with shares trading between a 52-week high of ₹307.85 and a low of ₹70.35. However, in the past week, the stock has delivered a negative return of -11.04%, indicating potential volatility ahead.
Simplex Infrastructures Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 268.06 | 295.82 | -9.38% | 312.45 | -14.21% |
| Selling/ General/ Admin Expenses Total | 26.55 | 27.11 | -2.07% | 29.01 | -8.48% |
| Depreciation/ Amortization | 15.64 | 15.99 | -2.19% | 17.34 | -9.8% |
| Total Operating Expense | 280.68 | 310.96 | -9.74% | 324.27 | -13.44% |
| Operating Income | -12.62 | -15.14 | +16.64% | -11.82 | -6.77% |
| Net Income Before Taxes | -14.28 | -10.41 | -37.18% | -10.97 | -30.17% |
| Net Income | -10.78 | -9.87 | -9.22% | -7.23 | -49.1% |
| Diluted Normalized EPS | -1.88 | -1.73 | -8.67% | -1.27 | -48.03% |
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