Mirch Technologies India Q2 Results Live : Mirch Technologies India declared their Q2 results on 17 Oct, 2024, showcasing unprecedented growth in their financial performance. The company reported a staggering 736.73% increase in topline revenue compared to the same quarter last year, while profit soared by an astonishing 2957.62%.
In comparison to the previous quarter, the company experienced robust growth, with revenue growing by 111.57% and profit increasing by 432.39%. This remarkable turnaround highlights the effectiveness of Mirch Technologies’ strategic initiatives.
Despite the impressive year-over-year growth, the Selling, General & Administrative (SG&A) expenses saw a decline of 21.28% quarter-over-quarter. However, on a year-over-year basis, these expenses increased by a significant 1708.89%, indicating that the company has been investing heavily in its operations.
Moreover, operating income witnessed an impressive rise, up by 320.22% quarter-over-quarter and 2253.02% year-over-year. This surge in operating income reflects the company’s improved operational efficiency and revenue generation capabilities.
However, not all metrics painted a rosy picture. The Earnings Per Share (EPS) for Q2 stood at ₹0.09, which marked a decrease of 55.24% year-over-year. This decline in EPS may raise concerns for investors despite the overall strong performance in revenue and profit.
Mirch Technologies India Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 24.05 | 11.37 | +111.57% | 2.87 | +736.73% |
| Selling/ General/ Admin Expenses Total | 0.08 | 0.1 | -21.28% | 0 | +1708.89% |
| Depreciation/ Amortization | 0 | 0 | +44.44% | 0 | +44.44% |
| Total Operating Expense | 19.06 | 10.18 | +87.24% | 2.66 | +615.98% |
| Operating Income | 4.99 | 1.19 | +320.22% | 0.21 | +2253.02% |
| Net Income Before Taxes | 5.04 | 1.22 | +313.22% | 0.21 | +2275.99% |
| Net Income | 4.8 | 0.9 | +432.39% | 0.16 | +2957.62% |
| Diluted Normalized EPS | 0.09 | 0.83 | -88.67% | 0.21 | -55.24% |
