RHI Magnesita India Q2 Results Live : RHI Magnesita India declared its Q2 results on November 7, 2024, revealing a significant decline in both revenue and profit. The company’s topline decreased by 12.14% year-over-year, while profit fell by a staggering 35.61%. Compared to the previous quarter, revenue also saw a decline of 1.33%, with profit decreasing by 37%.
In terms of expenses, the company reported a decline in selling, general, and administrative expenses by 4.2% quarter-over-quarter, although there was a year-over-year increase of 3.71%. Operating income took a hit as well, down by 46.28% quarter-over-quarter and 45.23% year-over-year.
Earnings per share (EPS) for Q2 stood at ₹2.22, marking a decrease of 35.84% from the same period last year. Overall, RHI Magnesita India has shown a 0.22% return in the last week, but has faced a -0.18% return over the past six months and a significant -26.21% year-to-date return.
As of November 8, 2024, RHI Magnesita India boasts a market capitalization of ₹12,270.31 crore, with a 52-week high of ₹824 and a low of ₹504.25. In terms of analyst ratings, out of three analysts covering the company, one has given a ‘Hold’ rating, while two have issued ‘Strong Buy’ ratings.
The consensus recommendation as of November 8, 2024, remains a ‘Strong Buy’, indicating that analysts are optimistic about the company’s potential recovery despite the challenging quarterly results.
RHI Magnesita India Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 867.07 | 878.76 | -1.33% | 986.91 | -12.14% |
| Selling/ General/ Admin Expenses Total | 91.21 | 95.2 | -4.2% | 87.95 | +3.71% |
| Depreciation/ Amortization | 50.31 | 48.17 | +4.44% | 44.18 | +13.88% |
| Total Operating Expense | 810.28 | 773.04 | +4.82% | 883.22 | -8.26% |
| Operating Income | 56.79 | 105.72 | -46.28% | 103.69 | -45.23% |
| Net Income Before Taxes | 62.39 | 98.14 | -36.43% | 97.95 | -36.31% |
| Net Income | 45.91 | 72.88 | -37% | 71.31 | -35.61% |
| Diluted Normalized EPS | 2.22 | 3.53 | -37.11% | 3.46 | -35.84% |
