Devyani International Q2 Results Live : Devyani International declared their Q2 results on 11 Nov, 2024, revealing a significant growth in topline revenue by 49.14% year-on-year. However, the company’s profit took a drastic hit, plummeting by 99.95% compared to the previous year.
In contrast to the preceding quarter, the revenue saw a marginal growth of 0.02%, while profits experienced a substantial decrease of 99.94%. This stark decline in profitability has raised eyebrows among investors and analysts alike.
The company’s Selling, General & Administrative (SG&A) expenses rose by 9.04% quarter-on-quarter and surged by 65.35% year-on-year, contributing to the severe drop in profits. Such an increase in expenses could pose challenges for the company moving forward.
Operating income also reflected a downturn, decreasing by 34.65% from the previous quarter, although it managed to increase by 10.17% year-on-year. This mixed performance highlights the pressures the company is currently facing.
Earnings per share (EPS) for Q2 stood at ₹0, a staggering decrease of 99.96% year-on-year, signaling a concerning trend in the company’s financial health.
Despite these challenges, Devyani International has shown resilience in its stock performance, delivering a 3.84% return in the last week, and a 12.39% return over the past six months, although it has seen a decline of 9.88% year-to-date.
Currently, Devyani International holds a market capitalization of ₹21,061.41 Crores, with its stock trading between a 52-week high of ₹222.74 and a low of ₹142.25.
As of 12 Nov, 2024, out of 19 analysts covering the company, the sentiment is mixed: 4 analysts have issued Sell ratings, 3 have given Hold ratings, while 6 analysts have suggested Buy ratings and another 6 have rated it as Strong Buy. The consensus recommendation remains a Buy, indicating some confidence in the company’s future potential despite current setbacks.
Devyani International Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 1222.16 | 1221.9 | +0.02% | 819.47 | +49.14% |
| Selling/ General/ Admin Expenses Total | 183.42 | 168.21 | +9.04% | 110.93 | +65.35% |
| Depreciation/ Amortization | 139.12 | 132.22 | +5.22% | 86.34 | +61.14% |
| Total Operating Expense | 1162.55 | 1130.7 | +2.82% | 765.37 | +51.89% |
| Operating Income | 59.6 | 91.2 | -34.65% | 54.1 | +10.17% |
| Net Income Before Taxes | -3.91 | 30.53 | -112.81% | 19.02 | -120.56% |
| Net Income | 0.02 | 30.11 | -99.94% | 33.35 | -99.95% |
| Diluted Normalized EPS | 0 | 0.25 | -99.93% | 0.38 | -99.96% |
