2024-10-30 10:55:01 :
GREENLAM INDU Q2 results live: GREENLAM INDU has announced its second quarter results for the current financial year, showing a sharp decline in profitability and revenue. The company announced its results on October 29, 2024. Revenue fell by 39.15% year-on-year, and profits dropped significantly by 52%. Despite this, the company’s quarterly results improved, with revenue up 12.58% quarter-over-quarter and profit up 70.79% quarter-over-quarter.
In terms of expenses, GREENLAM INDU’s selling, general and administrative expenses increased by 6.88% month-on-month. However, looking at the annual results, these expenses decreased by 35.57%. This reflects the company’s efforts to effectively manage costs in a challenging market environment.
This quarter’s operating income was also affected, with a month-on-month increase of 44.84%, but a significant year-on-year decrease of 47.04%. Second quarter earnings per share (EPS) were $2.7, a decrease of 52.16% compared with the same period last year.
Investors have seen mixed performance from GREENLAM INDU, with a return of 2.26% last week but a sharp decline of 15.62% over the past six months and a modest decline of 4.22% so far this year. Currently, the company’s market capitalization is $6520.3 Cr, 52-week high $662 and low $431.
Market analysts have mixed views on GREENLAM INDU’s prospects. Of the 9 analysts covering the company as of October 30, 2024, 3 rate it a hold, 3 rate it a buy, and 3 rate it a strong buy. Consensus recommendations indicate a Buy trend, suggesting analysts believe there is potential for a recovery despite the current economic downturn.
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