Apar Industries Q2 Results Live : Apar Industries declared their Q2 results on 29 October 2024, showcasing a robust performance with revenue increasing by 18.3% year-on-year (YoY), while profit saw a rise of 11.47% YoY. The company’s topline growth reflects strong demand and effective business strategies.
Comparing the results to the previous quarter, the revenue grew by 15.81%, although profit experienced a decline of 4.31%. This mixed performance suggests some challenges in maintaining profit margins amid rising costs.
The company’s selling, general, and administrative expenses saw a significant increase, rising by 6.98% quarter-on-quarter (q-o-q) and 21.47% YoY. This uptick in expenses could be a factor affecting future profitability.
Operating income faced a downturn, decreasing by 5.82% q-o-q but showing a slight increase of 0.9% YoY. This indicates that while the company is growing, operational efficiency may need improvement.
Earnings per share (EPS) for Q2 reached ₹48.27, reflecting a growth of 6.23% YoY. This positive EPS growth is a reassuring sign for investors, suggesting continued profitability.
In terms of stock performance, Apar Industries has delivered a -2.52% return in the last week, but it has shown a remarkable 21.23% return in the last six months and a substantial 57.81% year-to-date return.
Currently, Apar Industries boasts a market cap of ₹38,372.59 crore, with a 52-week high of ₹11,000 and a low of ₹5,011. This indicates significant volatility and investor interest in the stock.
As of 30 October 2024, out of four analysts covering the company, one has issued a Strong Sell rating, one a Buy rating, while two analysts have given a Strong Buy rating. This mixed outlook reflects differing views on the company’s potential.
The consensus recommendation as of 30 October 2024 is to Buy, indicating optimism among analysts about the company’s growth prospects despite recent fluctuations.
Apar Industries Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 4644.51 | 4010.52 | +15.81% | 3925.98 | +18.3% |
| Selling/ General/ Admin Expenses Total | 87.88 | 82.15 | +6.98% | 72.35 | +21.47% |
| Depreciation/ Amortization | 32.06 | 31.11 | +3.05% | 28.17 | +13.81% |
| Total Operating Expense | 4320.03 | 3666 | +17.84% | 3604.39 | +19.85% |
| Operating Income | 324.48 | 344.52 | -5.82% | 321.59 | +0.9% |
| Net Income Before Taxes | 256.67 | 270.39 | -5.07% | 236.77 | +8.4% |
| Net Income | 193.82 | 202.54 | -4.31% | 173.88 | +11.47% |
| Diluted Normalized EPS | 48.27 | 50.42 | -4.26% | 45.44 | +6.23% |
