Greenply Industries Q2 Results Live : Greenply Industries has announced its Q2 results for 2024, revealing a robust performance with a 5.39% increase in revenue year-over-year and a notable 26.77% surge in profit. The company declared these results on October 28, 2024, showcasing resilience in a competitive market.
Despite these positive year-over-year figures, the company faced some challenges in comparison to the previous quarter. Revenue saw a quarter-over-quarter growth of 9.69%, but profit experienced a significant decline of 46.69%. This discrepancy highlights the volatility in the industry and the impact of rising operational costs.
Further analysis indicates that Selling, General, and Administrative (SG&A) expenses rose by 12.46% quarter-over-quarter and increased by 5.82% year-over-year. Such an uptick in expenses could be a contributing factor to the profit decline in the last quarter.
On the operational front, Greenply Industries reported a slight decrease in operating income by 0.9% compared to the previous quarter, although it did see a healthy increase of 21.15% year-over-year. This suggests that while the current quarter faced challenges, the long-term trajectory remains positive.
Earnings per share (EPS) stood at ₹1.41 for Q2, marking an impressive increase of 25.89% year-over-year, which is encouraging for investors looking for growth indicators.
In terms of stock performance, Greenply Industries has delivered a mixed bag in recent months. The stock has experienced a -2.5% return in the past week, but boasts a remarkable 47.8% return over the last six months and an impressive 60.38% return year-to-date.
Currently, Greenply Industries holds a market capitalization of ₹4733.32 Cr, with a 52-week high of ₹411.95 and a low of ₹157. This wide range indicates significant volatility in the stock’s performance over the past year.
Analyst sentiment remains cautiously optimistic, with out of nine analysts covering the company, three have given a Hold rating, three have rated it as Buy, and three have suggested a Strong Buy. The consensus recommendation as of October 29, 2024, is to Buy, reflecting a generally positive outlook on the company’s future performance.
Greenply Industries Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 640.48 | 583.88 | +9.69% | 607.73 | +5.39% |
| Selling/ General/ Admin Expenses Total | 82.52 | 73.38 | +12.46% | 77.98 | +5.82% |
| Depreciation/ Amortization | 15.08 | 14.99 | +0.63% | 16.17 | -6.74% |
| Total Operating Expense | 597.94 | 540.95 | +10.53% | 572.62 | +4.42% |
| Operating Income | 42.54 | 42.93 | -0.9% | 35.11 | +21.15% |
| Net Income Before Taxes | 25.64 | 33.72 | -23.96% | 20.87 | +22.84% |
| Net Income | 17.63 | 33.06 | -46.69% | 13.91 | +26.77% |
| Diluted Normalized EPS | 1.41 | 2.66 | -46.99% | 1.12 | +25.89% |
