Granules India Second Quarter Results Immediate Release: Granules India announced its second quarter results on November 6, 2024, reporting a decline in both revenue and profit compared to the same period last year. The company’s revenue fell by 18.74% year-on-year, and its profit fell by 4.78% year-on-year.
Compared with the previous quarter, Granules India’s revenue fell by 18.07% and profit fell by 27.79%. This marks a worrying trend as the company navigates challenging market conditions.
The company’s selling, general and administrative (SG&A) expenses were mixed, falling 2.55% month-on-month but increasing 7.12% year-over-year. Fluctuations in expenses may indicate adjustments to the company’s operating strategies to adapt to the current economic environment.
Operating income also took a hit, falling 26.94% quarter-to-quarter and 6.02% lower than the same period last year. The figures underscore the pressure on Indian pellet companies to maintain profitability amid falling revenue.
Second quarter earnings per share (EPS) were $4.01, a decrease of 4.98% from the same period last year, further showing that the company’s profitability is poor.
Despite the quarterly setback, Granules India has shown resilience, returning 3.9% last week, 40.31% over the past six months and 42.18% year-to-date, indicating a long-term recovery trend.
Granules India currently has a market capitalization of $Rs 13,971.35 Crore, 52-week High $721 and low $353.4. The numbers suggest there is volatility in the market as investors react to company performance.
As of November 7, 2024, analysts covering Granules India were unanimously optimistic, with one analyst assigning a Buy rating and three advocating a Strong Buy rating. This suggests a positive outlook for the company’s future, despite recent performance challenges.
indian granular finance
| period | Q2 | Q1 | Quarterly growth | Q2 | annual growth |
|---|---|---|---|---|---|
| total revenue | 966.62 | 1179.87 | -18.07% | 1189.49 | -18.74% |
| Total Selling/General/Administrative Expenses | 159.43 | 163.61 | -2.55% | 148.84 | +7.12% |
| Depreciation/amortization | 52.52 | 52.87 | -0.66% | 52.52 | -0% |
| total operating expenses | 815.82 | 973.47 | -16.19% | 1029.04 | -20.72% |
| operating income | 150.8 | 206.4 | -26.94% | 160.45 | -6.02% |
| net income before tax | 128.38 | 181.44 | -29.24% | 136.02 | -5.62% |
| net income | 97.23 | 134.65 | -27.79% | 102.12 | -4.78% |
| Diluted normalized earnings per share | 4.01 | 5.55 | -27.75% | 4.22 | -4.98% |
