Alok Industries Q2 Results Live : Alok Industries declared their Q2 results on 14 Oct, 2024, revealing a concerning downturn in financial performance. The company’s topline decreased by a staggering 35.46% year-over-year, while its losses surged by 49.92% compared to the same period last year.
In comparison to the previous quarter, Alok Industries experienced an 11.99% decline in revenue, along with a 26.7% increase in losses. The figures indicate a troubling trend for the company, raising concerns among investors and stakeholders.
Despite the drop in revenue, the company’s selling, general, and administrative expenses saw a slight decline of 1.91% quarter-over-quarter and a more significant reduction of 6.17% year-over-year. However, this cost-cutting measure was not enough to offset the decline in sales.
The operating income witnessed a drastic fall of 108.11% quarter-over-quarter and an alarming 176.84% year-over-year decrease, highlighting the challenges faced by Alok Industries in the current market environment.
The earnings per share (EPS) for Q2 stood at ₹-0.53, reflecting a decrease of 51.43% year-over-year. This decline raises questions about the company’s profitability and future growth prospects.
In terms of stock performance, Alok Industries has delivered a 0.74% return in the last week, but the company has struggled significantly over the past six months, recording an -8.81% return. However, it has managed a positive return of 15.32% year-to-date.
Currently, Alok Industries has a market capitalization of ₹12,224.42 Crores, with a 52-week high of ₹39.05 and a low of ₹16.1, indicating substantial volatility in its stock price over the past year.
Alok Industries Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 885.66 | 1006.3 | -11.99% | 1372.34 | -35.46% |
| Selling/ General/ Admin Expenses Total | 283.31 | 288.82 | -1.91% | 301.93 | -6.17% |
| Depreciation/ Amortization | 71.81 | 77.1 | -6.86% | 78.64 | -8.69% |
| Total Operating Expense | 1002.93 | 1062.65 | -5.62% | 1414.7 | -29.11% |
| Operating Income | -117.27 | -56.35 | -108.11% | -42.36 | -176.84% |
| Net Income Before Taxes | -262.1 | -206.87 | -26.7% | -174.83 | -49.92% |
| Net Income | -262.1 | -206.87 | -26.7% | -174.83 | -49.92% |
| Diluted Normalized EPS | -0.53 | -0.42 | -26.19% | -0.35 | -51.43% |
