Rajoo Engineers Q2 Results Live : Rajoo Engineers declared their Q2 results on 14 Oct, 2024, revealing a significant increase in profitability. The company’s topline grew by 6.12% year-over-year, while profit soared by an impressive 47.92% during the same period.
In comparison to the previous quarter, Rajoo Engineers reported an 11.67% increase in revenue and a 44.9% rise in profit. These figures highlight the company’s robust growth trajectory as it continues to expand its operations.
However, the company faced a rise in Selling, General & Administrative expenses, which increased by 12.32% quarter-over-quarter and 15.23% year-over-year. This uptick in expenses might be a point of concern for investors.
On a more positive note, operating income showed remarkable growth, up by 32.18% from the previous quarter and 28.19% year-over-year. This indicates that the company is effectively managing its operations despite increasing costs.
Earnings per share (EPS) for Q2 stood at ₹0.64, reflecting a decrease of 26.44% year-over-year. This decline in EPS may affect investor sentiment, despite the overall profit increase.
Rajoo Engineers has experienced a mixed performance in the stock market, delivering a -6.16% return in the last week. However, the company has shown remarkable resilience with a 253.32% return over the last six months and an impressive 268.11% year-to-date return.
Currently, Rajoo Engineers boasts a market capitalization of ₹4813.35 crore, with its stock trading between a 52-week high of ₹443.9 and a low of ₹48.78. This volatility may present opportunities for investors looking to capitalize on the company’s growth potential.
Rajoo Engineers Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 56.81 | 50.87 | +11.67% | 53.53 | +6.12% |
| Selling/ General/ Admin Expenses Total | 5.71 | 5.09 | +12.32% | 4.96 | +15.23% |
| Depreciation/ Amortization | 1.05 | 0.99 | +5.74% | 0.86 | +22.2% |
| Total Operating Expense | 48.71 | 44.75 | +8.86% | 47.22 | +3.17% |
| Operating Income | 8.1 | 6.12 | +32.18% | 6.32 | +28.19% |
| Net Income Before Taxes | 9.35 | 7.05 | +32.75% | 7.15 | +30.75% |
| Net Income | 7.93 | 5.47 | +44.9% | 5.36 | +47.92% |
| Diluted Normalized EPS | 0.64 | 0.89 | -28.09% | 0.87 | -26.44% |
