2024-10-30 10:56:12 :
Engineers India second quarter results announced live: Engineers India announced its second quarter results on October 29, 2024, showing a sharp decline in financial performance. The company’s revenue fell by 12.77% year-on-year, and its profit fell by 21.83% year-on-year.
Engineers India reported revenue growth of 10.44% and profit growth of 8.77% compared to the previous quarter. Despite the year-over-year decline, this quarter’s results indicate a recovery from previous months.
The company also noted an increase in selling, general and administrative expenses, which increased 4.11% sequentially and 2.91% year-over-year. Rising expenses are adding to pressure on profitability.
Engineers India’s operating income increased by 28.36% month-on-month, but still declined significantly by 41.44% year-on-year, highlighting the ongoing challenges in maintaining operational efficiency.
Second quarter earnings per share (EPS) was $1.77, a decrease of 22.03% compared with the same period last year. A decline in earnings per share is a key indicator of the health of a company’s profitability.
Looking at stock performance, Engineers India returned 2.63% over the past week. However, while the stock has returned 5.5% year-to-date, it has lost a significant 26.05% over the past six months.
Currently, the market capitalization of the Institute of Engineers, India is $Rs 10,166.22 Crore, 52-week High $303.9 and minimum $121.8. The stock’s volatility is evident in its wide trading range over the year.
Of the five analysts covering Engineers India as of October 30, 2024, one has a “sell” rating, two have a “hold” rating, and two analysts have a “strong buy” rating, indicating Opinions on the company are mixed. prospect.
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period | Q2 | Q1 | month-on-month growth | Q2 | year-on-year growth |
---|---|---|---|---|---|
total revenue | 688.94 | 623.83 | +10.44% | 789.81 | -12.77% |
Total Selling/General/Administrative Expenses | 251.93 | 241.98 | +4.11% | 244.8 | +2.91% |
Depreciation/Amortization | 9.53 | 9.84 | -3.18% | 8.28 | +15.16% |
total operating expenses | 636.09 | 582.66 | +9.17% | 699.56 | -9.07% |
operating income | 52.85 | 41.17 | +28.36% | 90.24 | -41.44% |
net income before tax | 99.08 | 79.26 | +25% | 133.63 | -25.86% |
net income | 99.63 | 91.6 | +8.77% | 127.46 | -21.83% |
Diluted normalized earnings per share | 1.77 | 1.63 | +8.59% | 2.27 | -22.03% |
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