DCM Shriram Q2 Results Live : DCM Shriram announced their Q2 results on 30 October 2024, showcasing a significant increase in profitability. The company reported a remarkable 95.16% year-on-year rise in profit, alongside a 10.79% increase in revenue compared to the same quarter last year.
However, when evaluating the performance against the previous quarter, the revenue experienced a modest growth of 1.86%, while profit saw a substantial decline of 37.27%. This signals potential challenges in maintaining momentum despite the annual growth.
The Selling, General & Administrative expenses have risen by 8.72% quarter-on-quarter, with a slight increase of 0.03% year-on-year. This uptick in expenses could impact future profitability if not managed effectively.
Interestingly, the operating income showcased contrasting trends, down by 50.27% compared to the previous quarter but up by an impressive 100.25% year-on-year. This suggests a volatile operational environment that could be indicative of external pressures or internal shifts.
Earnings per share (EPS) for Q2 stood at ₹4.04, reflecting a 95.17% increase year-on-year, which could be a positive indicator for investors looking at long-term growth potential.
In terms of stock performance, DCM Shriram has delivered a -1.05% return in the past week. However, the company has shown resilience with an 8.23% return over the last six months and a modest 1.65% year-to-date return.
Currently, DCM Shriram boasts a market capitalization of ₹16,184.29 Crore, with a 52-week high of ₹1210 and a low of ₹832.4, indicating a range of investor sentiment throughout the year.
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