Triveni Engineering & Indus Q2 Results Live : Triveni Engineering & Indus announced its Q2 results on November 5, 2024, reporting a topline growth of 8.1% year-over-year, despite incurring a loss of ₹19.2 crore. This loss marks a significant downturn from the profit of ₹29.11 crore reported in the same period last fiscal year.
In comparison to the previous quarter, the company experienced a robust revenue growth of 13.97%. However, the financial health of the company raised concerns as the Selling, General & Administrative expenses rose by 0.96% quarter-over-quarter and surged by 17.56% year-over-year.
The operating income reflected a stark decline, down by 147.95% quarter-over-quarter and a staggering 173.98% year-over-year. The earnings per share (EPS) for the quarter stood at ₹-0.88, a decrease of 165.95% compared to the previous year.
Despite the recent financial setbacks, Triveni Engineering & Indus has shown some resilience in the stock market, delivering a -2.41% return over the past week, while achieving a 13.91% return over the last six months and an 18.02% year-to-date return.
Currently, the company holds a market capitalization of ₹8,848.95 crore, with a 52-week high of ₹518 and a low of ₹267.5. Analysts remain divided in their outlook, with 1 analyst rating it as a Sell, 1 as a Buy, and 2 analysts giving a Strong Buy rating.
As of November 7, 2024, the consensus recommendation among analysts is to Buy, indicating a potential for recovery despite the current losses reported in Q2.
Triveni Engineering & Indus Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 1748.33 | 1534.03 | +13.97% | 1617.38 | +8.1% |
| Selling/ General/ Admin Expenses Total | 96.95 | 96.03 | +0.96% | 82.47 | +17.56% |
| Depreciation/ Amortization | 32.14 | 28.89 | +11.25% | 25.76 | +24.77% |
| Total Operating Expense | 1775.83 | 1476.68 | +20.26% | 1580.21 | +12.38% |
| Operating Income | -27.5 | 57.35 | -147.95% | 37.17 | -173.98% |
| Net Income Before Taxes | -30.26 | 41.76 | -172.46% | 39.16 | -177.27% |
| Net Income | -19.2 | 31.27 | -161.4% | 29.11 | -165.96% |
| Diluted Normalized EPS | -0.88 | 1.42 | -161.77% | 1.33 | -165.95% |
