2024-10-24 11:09:42 :
Piramal Enterprises second quarter results live broadcast: Piramal Enterprises announced its second quarter results on October 23, 2024, and performed well, with revenue increasing by 15.38% year-on-year and profit increasing by 238.18% year-on-year.
However, compared with the previous quarter, the company’s revenue increased by 8.69%, but its profit fell by 10.2%. The mixed performance has caught the attention of analysts and investors.
Financial indicators show that sales, general and administrative expenses increased by 8.84% month-on-month and 14.91% year-on-year, indicating an increase in operating costs.
It is worth noting that operating income took a big hit, falling 73.14% month-on-month and 49.09% year-on-year, triggering concerns about the company’s cost management strategy.
Second quarter earnings per share (EPS) reported as $6.76, a year-over-year increase of 333.64%, which is impressive and should provide some comfort to shareholders amid otherwise mixed signals.
Last week, Piramal Enterprises returned -5.42%, although the company has returned 18.79% over the past 6 months, with a year-to-date (YTD) return of 12.12%.
Currently, Piramal Enterprises has a market capitalization of $23,448.17 Crore, a new 52-week high $1,143.8 The lowest is $736.6.
Of the 7 analysts covering the company as of October 24, 2024, opinions were mixed, with 2 assigning it a Strong Sell rating, 2 assigning it a Sell rating, and 2 assigning With a Hold rating, 1 analysts recommend Buy.
The consensus recommendation as of the same date recommended Sell, reflecting a cautious outlook for the company’s future performance.
Piramal Corporate Finance
period | Q2 | Q1 | month-on-month growth | Q2 | year-on-year growth |
---|---|---|---|---|---|
total revenue | 2214.54 | 2037.42 | +8.69% | 1919.33 | +15.38% |
Total Selling/General/Administrative Expenses | 413.03 | 379.5 | +8.84% | 359.44 | +14.91% |
Depreciation/Amortization | 55.43 | 51.02 | +8.64% | 38.27 | +44.84% |
total operating expenses | 2012.51 | 1285.23 | +56.59% | 1522.52 | +32.18% |
operating income | 202.03 | 752.19 | -73.14% | 396.81 | -49.09% |
net income before tax | 190.2 | 247.93 | -23.28% | 58.92 | +222.81% |
net income | 162.97 | 181.48 | -10.2% | 48.19 | +238.18% |
Diluted normalized earnings per share | 6.76 | -8.97 | +175.38% | -2.89 | +333.64% |
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