Muthoot Microfin Q2 Results Live : Muthoot Microfin declared their Q2 results on November 5, 2024, revealing a complex financial landscape for the company. While the topline increased by 18.27% year-over-year, profit saw a significant decline of 43.78%, highlighting the challenges faced in the current economic environment.
In comparison to the previous quarter, Muthoot Microfin reported a 4.5% growth in revenue. However, the profit fell sharply by 45.59%, raising concerns among analysts regarding the company’s operational efficiency.
The selling, general, and administrative expenses have also contributed to the dip in profitability, rising by 3.07% quarter-on-quarter and 19.71% year-on-year. This increase in expenses may be a factor in the company’s reduced operating income, which was down by 15.48% quarter-on-quarter and 11.72% year-on-year.
Earnings per share (EPS) for Q2 stood at ₹10.51, reflecting a decrease of 13.2% year-on-year. This decline in EPS may impact investor sentiment moving forward.
Despite the challenges, Muthoot Microfin has managed to deliver a 6.08% return over the past week, although it has faced a decline of 9.81% over the last six months and 15.33% year-to-date, indicating a turbulent period for the company.
Currently, Muthoot Microfin has a market capitalization of ₹3562.94 crore, with a 52-week high and low of ₹281 and ₹196.6, respectively. These figures suggest a volatile stock performance in the past year.
As of November 6, 2024, all analysts covering Muthoot Microfin maintain a ‘Strong Buy’ rating, indicating optimism about the company’s future despite its current struggles. The consensus recommendation remains a ‘Strong Buy’, reflecting confidence in the company’s long-term potential.
Muthoot Microfin Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 666.58 | 637.88 | +4.5% | 563.62 | +18.27% |
| Selling/ General/ Admin Expenses Total | 132.99 | 129.03 | +3.07% | 111.09 | +19.71% |
| Depreciation/ Amortization | 10.53 | 10.18 | +3.48% | 8.53 | +23.48% |
| Total Operating Expense | 345.12 | 257.55 | +34% | 199.49 | +73.01% |
| Operating Income | 321.46 | 380.33 | -15.48% | 364.14 | -11.72% |
| Net Income Before Taxes | 81.19 | 146.56 | -44.61% | 146.59 | -44.62% |
| Net Income | 61.61 | 113.22 | -45.59% | 109.57 | -43.78% |
| Diluted Normalized EPS | 10.51 | 10.09 | +4.25% | 12.11 | -13.2% |
