CESC Q2 Results Live : CESC declared their Q2 results on 12 Nov, 2024, showcasing a topline increase of 8% year-on-year, while profit rose by 1.44% compared to the same period last year. However, in comparison to the previous quarter, the company saw a decline in revenue by 3.35% and a profit decrease of 6.61%.
The company’s financial statements revealed that Selling, General & Administrative expenses rose by 9.57% quarter-on-quarter and increased by 3.75% year-on-year. This increase in expenses contributed to the overall decline in operating income, which fell by 5.14% quarter-on-quarter and decreased by 2.31% year-on-year.
Earnings per share (EPS) for Q2 stood at ₹2.67, marking a year-on-year increase of 1.91%. Despite the declines in revenue and profit from the previous quarter, CESC has shown resilience with a return of 0.93% in the past week, a substantial 28.98% return over the last six months, and an impressive 38.81% year-to-date return.
As of now, CESC holds a market capitalization of ₹24,379.89 Crores, with a 52-week high of ₹212.49 and a low of ₹89.8. Analyst sentiment appears to be largely positive, with 7 out of 10 analysts recommending a ‘Strong Buy’, while 1 analyst suggested a ‘Strong Sell’ and another recommended a ‘Hold’.
The consensus recommendation as of 13 Nov, 2024, emphasizes a ‘Strong Buy’, indicating strong confidence in CESC’s long-term growth potential despite the recent quarterly setbacks.
