Transport Corporation Of India Q2 Results Live: Profit Rises by 22.3% YOY

Transport Corporation Of India Q2 Results Live : Transport Corporation Of India declared their Q2 results on 24 Oct, 2024, showing robust financial performance with a topline increase of 12.81% and a profit surge of 22.3% year-over-year.

In comparison to the previous quarter, the revenue grew by 7.24%, while the profit increased by 16.92%, highlighting a consistent upward trend in the company’s financial health.

The company reported a rise in Selling, General & Administrative expenses, which increased by 2.44% quarter-over-quarter and 10.74% year-over-year, indicating a strategic investment in operational capabilities.

Operating income saw a significant boost, climbing by 17.65% quarter-over-quarter and 26.98% year-over-year, underscoring the company's efficiency in managing its core operations.

Earnings per share (EPS) for Q2 stood at ₹13.65, reflecting a 22.2% increase year-over-year, further demonstrating the company's profitability and shareholder value enhancement.

Despite a recent dip of -3.74% in the last week, Transport Corporation Of India has shown a commendable performance with a 16.11% return over the last six months and a substantial 25.55% year-to-date return.

Currently, the market capitalization of Transport Corporation Of India is ₹7907.26 Crore, with a 52-week high of ₹1238 and a low of ₹757.65, showcasing a healthy trading range.

As of 25 Oct, 2024, market analysts remain optimistic about the company's prospects, with one analyst giving a 'Hold' rating, three endorsing 'Buy', and three recommending a 'Strong Buy', culminating in a consensus recommendation of 'Strong Buy'.