Godrej Agrovet Q2 Results Live : Godrej Agrovet announced its Q2 results on 29 October 2024, reporting a mixed performance with revenue decreasing by 4.75% year-on-year, while profit rose by 6.57%. The company achieved a profit of ₹5.84 per share, reflecting a solid increase compared to the same quarter last year.
In contrast to the previous quarter, revenue grew by 4.17%, though profit saw a notable decline of 16.91%. The financials indicate a complex recovery phase, as the company navigates market challenges.
The company’s selling, general, and administrative expenses saw a significant reduction, declining by 12.38% quarter-on-quarter and 13.67% year-on-year. This cost management strategy may have contributed to the profit increase despite the revenue drop.
Operating income was reported down by 3.8% quarter-on-quarter but showed an impressive increase of 11.08% year-on-year, underscoring the operational resilience of Godrej Agrovet amidst fluctuating revenues.
Over the past week, Godrej Agrovet has delivered a return of -4.38%. However, the company has experienced a robust 30.75% return over the last six months and a year-to-date return of 27.63%, highlighting its strong recovery trajectory over a longer period.
Currently, Godrej Agrovet holds a market capitalization of ₹13,678.44 Crores, with a 52-week high of ₹876.7 and a low of ₹461. This market performance reflects investor confidence, despite recent short-term volatility.
As of 31 October 2024, out of four analysts covering Godrej Agrovet, there is a diverse range of recommendations: one analyst rated it as a ‘Sell’, another as ‘Hold’, one as ‘Buy’, and one as ‘Strong Buy’. The consensus recommendation suggests a ‘Buy’, indicating a generally optimistic outlook among market experts.
Godrej Agrovet Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 2448.75 | 2350.75 | +4.17% | 2570.87 | -4.75% |
| Selling/ General/ Admin Expenses Total | 122.95 | 140.32 | -12.38% | 142.42 | -13.67% |
| Depreciation/ Amortization | 58.34 | 54.6 | +6.85% | 52.89 | +10.3% |
| Total Operating Expense | 2283.74 | 2179.22 | +4.8% | 2422.32 | -5.72% |
| Operating Income | 165.01 | 171.53 | -3.8% | 148.55 | +11.08% |
| Net Income Before Taxes | 149.9 | 166.11 | -9.76% | 140.76 | +6.49% |
| Net Income | 112.3 | 135.15 | -16.91% | 105.38 | +6.57% |
| Diluted Normalized EPS | 5.84 | 7.03 | -16.93% | 5.48 | +6.57% |
