Anant Raj second quarter results announced: Profit increased 73.66% year-on-year

Rave News

Anant Raj Second Quarter Results Live: Anant Raj announced its second quarter results on October 28, 2024, showing significant financial growth. The company’s revenue increased by 54.34% year-on-year, and its net profit increased significantly by 73.66% compared with the same period last year.

Compared with the previous quarter, Anant Raj’s revenue increased by 8.69% and profit increased by 14.69%, showing a continued upward trend.

However, the company’s selling, general and administrative expenses rose slightly by 0.99% from the previous quarter and by a sharp 12.06% from the same period last year, reflecting increased operating costs.

Operating income also showed positive growth, growing 7.42% from the previous quarter and 38.46% from the same period last year, highlighting the company’s efficiency in managing its core business.

Second quarter earnings per share (EPS) were $3.09, a significant year-on-year growth of 67.03%, which enhanced the company’s profitability.

Although last week’s returns were slightly down at -0.83%, Anant Raj has returned an impressive 88.3% over the past six months, bringing its year-to-date returns to a staggering 131.57%.

Currently, Anant Raj has a market capitalization of $23,363.1 Crore, a new 52-week high $796.25 and minimum $230.3, demonstrating its strong market position.

As of October 30, 2024, 1 analysts covering the company have a unanimous support for a “Buy” rating, reflecting confidence in Anant Raj’s growth trajectory.

Get the latest updates on quarterly results with our results calendar

Source link

Leave a comment
×

Hello!

Who do you want to talk to?

×