2024-11-05 11:58:30 :
Amara Raja Energy & Mobility second quarter results released live: Amara Raja Energy & Mobility announced its second quarter results on November 4, 2024, reporting revenue growth of 9.85% year-over-year and profit growth of 4.1% year-over-year. However, compared with the previous quarter, revenue fell slightly by 0.38% and profit fell by 5.42%.
The company’s sales, general and administrative expenses increased by 3.4% month-on-month and 22.87% year-on-year, and operating costs increased. In addition, operating income fell 2.97% month-on-month, but grew a healthy 6.43% year-on-year, reflecting improvements in long-term operating efficiency.
Second quarter earnings per share (EPS) were $12.87, down 2.87% year-on-year, which may raise investor concerns about the company’s short-term profitability despite annual growth.
In terms of stock performance, Amara Raja Energy & Mobility has shown resilience, returning 4% last week, 22.47% over the past six months, and 68.41% year-to-date (YTD).
Amara Raja Energy & Mobility’s current market capitalization is $25,152.26 Crore, 52-week High $1,775.95 lowest price is $622, reflecting the sharp swings in the stock’s performance.
Of the 14 analysts covering the company as of November 5, 2024, ratings are mixed: 2 rate it a Strong Sell, 2 rate it a Sell, and 4 rate it a Hold Ratings, 5 analysts rate the stock a Buy, and 1 rate it a Strong Buy. As of now, the consensus recommendation is Hold.
Amara Raja Energy and Transportation Finance
| period | Q2 | Q1 | month-on-month growth | Q2 | year-on-year growth |
|---|---|---|---|---|---|
| total revenue | 3250.73 | 3263.05 | -0.38% | 2959.34 | +9.85% |
| Total Selling/General/Administrative Expenses | 208.43 | 201.58 | +3.4% | 169.63 | +22.87% |
| Depreciation/Amortization | 127.47 | 122.6 | +3.97% | 115.7 | +10.17% |
| total operating expenses | 2945.52 | 2948.49 | -0.1% | 2672.57 | +10.21% |
| operating income | 305.21 | 314.56 | -2.97% | 286.77 | +6.43% |
| net income before tax | 317.07 | 334.71 | -5.27% | 309.8 | +2.35% |
| net income | 235.61 | 249.12 | -5.42% | 226.32 | +4.1% |
| Diluted normalized earnings per share | 12.87 | 13.61 | -5.44% | 13.25 | -2.87% |
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