Granules India Q2 Results Live : Granules India declared its Q2 results on November 6, 2024, reporting a decline in both topline and profit compared to the same quarter last year. The company witnessed a significant revenue drop of 18.74%, alongside a 4.78% decrease in profit year-over-year.
In comparison to the previous quarter, Granules India saw an 18.07% decline in revenue and a more substantial 27.79% drop in profit. This marks a concerning trend as the company navigates challenging market conditions.
The company’s Selling, General & Administrative (SG&A) expenses showed a mixed performance, declining by 2.55% quarter-over-quarter but increasing by 7.12% year-over-year. This fluctuation in expenses may indicate adjustments in operational strategies as the company adapts to the current economic environment.
Operating income also took a hit, down by 26.94% from the previous quarter and decreasing by 6.02% on a year-over-year basis. These figures highlight the pressures Granules India is facing in maintaining profitability amid falling revenues.
Earnings per share (EPS) for Q2 stood at ₹4.01, reflecting a 4.98% decline compared to the same period last year, further signaling the company’s struggles with profitability.
Despite the quarterly setbacks, Granules India has shown resilience with a 3.9% return in the last week, a substantial 40.31% return over the past six months, and a remarkable 42.18% return year-to-date, indicating a recovery trend in the longer term.
Currently, Granules India boasts a market capitalization of ₹13,971.35 crore, with a 52-week high of ₹721 and a low of ₹353.4. These figures suggest a volatile market presence as investors react to the company’s performance.
As of November 7, 2024, the consensus among analysts covering Granules India is optimistic, with one analyst giving a ‘Buy’ rating and three analysts advocating a ‘Strong Buy’. This indicates a positive outlook for the company’s future despite recent performance challenges.
Granules India Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 966.62 | 1179.87 | -18.07% | 1189.49 | -18.74% |
| Selling/ General/ Admin Expenses Total | 159.43 | 163.61 | -2.55% | 148.84 | +7.12% |
| Depreciation/ Amortization | 52.52 | 52.87 | -0.66% | 52.52 | -0% |
| Total Operating Expense | 815.82 | 973.47 | -16.19% | 1029.04 | -20.72% |
| Operating Income | 150.8 | 206.4 | -26.94% | 160.45 | -6.02% |
| Net Income Before Taxes | 128.38 | 181.44 | -29.24% | 136.02 | -5.62% |
| Net Income | 97.23 | 134.65 | -27.79% | 102.12 | -4.78% |
| Diluted Normalized EPS | 4.01 | 5.55 | -27.75% | 4.22 | -4.98% |
