Gujarat State Financial Q2 Results Live : Gujarat State Financial declared their Q2 results on November 7, 2024, revealing a significant downturn in performance as the topline revenue plummeted by 65.08% year-over-year. The company’s losses also increased by 1.85% compared to the same quarter last year, raising concerns among investors.
When compared to the previous quarter, Gujarat State Financial reported a revenue decline of 35.54%, with losses increasing by 0.74%. This continuing trend of decreasing revenue highlights persistent challenges faced by the company in the current economic environment.
In terms of expenses, the Selling, General, and Administrative (SG&A) costs saw a decline of 7.26% quarter-over-quarter and an impressive reduction of 86.13% year-over-year. This indicates some level of operational efficiency being achieved by the management despite the declining revenues.
The operating income for the quarter was also down, falling by 1.21% compared to the previous quarter and decreasing by 3.16% year-over-year, further illustrating the financial struggles the company is facing.
Earnings Per Share (EPS) stood at ₹-3.57 for Q2, which represents an increase of 3.39% year-over-year, though still reflects negative performance overall. The negative EPS continues to be a point of concern for shareholders and analysts alike.
Despite the challenges, Gujarat State Financial has shown some resilience with a 3.51% return over the past week. However, the company has reported a -3.28% return over the last six months, while year-to-date returns remain relatively positive at 38.61%.
Currently, Gujarat State Financial holds a market capitalization of ₹207.64 Crore, with its stock trading between a 52-week high of ₹39.96 and a low of ₹9.84, reflecting the volatility and uncertainty in the market.
Gujarat State Financial Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 0.34 | 0.53 | -35.54% | 0.97 | -65.08% |
| Selling/ General/ Admin Expenses Total | 0.3 | 0.33 | -7.26% | 2.19 | -86.13% |
| Total Operating Expense | 35.58 | 35.34 | +0.66% | 35.13 | +1.28% |
| Operating Income | -35.24 | -34.81 | -1.21% | -34.16 | -3.16% |
| Net Income Before Taxes | -31.45 | -31.22 | -0.74% | -30.88 | -1.85% |
| Net Income | -31.45 | -31.22 | -0.74% | -30.88 | -1.85% |
| Diluted Normalized EPS | -3.57 | -3.49 | -2.14% | -3.69 | +3.39% |
