Stove Kraft second quarter results announced: profit increased 1.16% year-on-year

Stove Kraft second quarter results live broadcast: Stove Kraft announced its second quarter results on October 28, 2024. Revenue increased by 10.15% year-on-year and profit increased by 1.16%. The company showed impressive growth compared to the previous quarter, with revenue up 33.03% and profits soaring 103.84%.

Despite the good financial performance, the company’s selling expenses, general expenses and administrative expenses increased, increasing by 8.15% month-on-month and 10.4% year-on-year. Increases in expenses may indicate strategic investments in operational capabilities as the company expands.

In terms of operating income, Stove Kraft increased by 87.68% month-on-month and 11.43% year-on-year, which is impressive. This reflects the efficiency with which the company has managed its operations despite rising costs.

Earnings per share (EPS) is $It was 5.05 in the second quarter, a year-over-year increase of 1%, which is a positive sign for investors looking for stable growth in the company’s earnings.

Stove Kraft stock returned 8.91% last week. However, the company has shown remarkable resilience, returning 70.29% over the past six months and a staggering 72.11% year-to-date, suggesting investors are confident in its long-term prospects.

Currently, Stove Kraft has a market capitalization of $2559.53 Cr, 52-week high $967.5 and minimum $409.5, showing the volatility and potential growth in a company’s stock value.

Of the three analysts covering the company as of October 30, 2024, one has a Buy rating and two have a Strong Buy recommendation. As of the same date, the consensus recommendation was a “Strong Buy,” underscoring analyst confidence in Stove Kraft’s growth trajectory.

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