Rallis India Q2 Results Live : Rallis India declared its Q2 results on October 15, 2024, showcasing a robust financial performance with revenue increasing by 11.54% year-over-year and profit rising by 19.51%. Compared to the previous quarter, revenue grew by an impressive 18.52%, while profit surged by 104.17%.
The company’s selling, general, and administrative expenses saw a slight rise, up by 2.99% quarter-over-quarter and 7.81% year-over-year. Despite this increase in expenses, Rallis India reported a significant jump in operating income, which was up 109.23% from the last quarter and increased by 27.1% year-over-year.
Earnings per share (EPS) for Q2 stood at ₹5.04, reflecting a 20.24% increase compared to the same period last year. This strong performance has contributed to a positive sentiment around Rallis India, which has delivered a 3.23% return in the last week, 16.68% return over the past six months, and an impressive 29.08% year-to-date return.
Currently, Rallis India boasts a market capitalization of ₹6271.62 crore, with a 52-week high of ₹373.2 and a low of ₹205.1. However, despite the positive financial results, market analysts remain cautious. Out of 13 analysts covering the company, 7 have issued a Strong Sell rating, 2 have rated it as Sell, 2 as Hold, and 2 as Buy.
As of October 16, 2024, the consensus recommendation for Rallis India was to Sell, indicating a divergence between the company’s solid quarterly performance and the views of market analysts.
