Triveni Engineering & Indus Q2 Results Immediate Release: Triveni Engineering & Indus announces Q2 results on November 5, 2024, despite losses $19.2 Crores. The loss marks a sharp decline in the company’s profits $Revenue reported in the same period last fiscal year was Rs 29.11 crore.
Compared with the previous quarter, the company’s revenue grew strongly by 13.97%. However, the company’s financial health has caused concerns, with selling, general and administrative expenses increasing by 0.96% from the previous quarter and an annual decrease of 17.56%.
Operating income fell sharply, down 147.95% quarter-to-quarter and 173.98% down from the same period last year. Earnings per share (EPS) for the quarter were $-0.88, a decrease of 165.95% from the previous year.
Despite recent financial setbacks, Triveni Engineering & Indus has shown some resilience in the stock market, returning -2.41% over the past week, 13.91% over the past six months, and 18.02% year-to-date. Return .
Currently, the company’s market capitalization is $8,848.95 Crore, a new 52-week high $518 and minimum $267.5. Analysts remain divided on its outlook, with 1 rating it a Sell, 1 rating it a Buy, and 2 giving it a Strong Buy rating.
As of November 7, 2024, analysts are unanimously recommending a Buy, suggesting that despite the current second-quarter losses, there is still potential for recovery.
Triveni Engineering and Indus Finance Corporation
| period | Q2 | Q1 | Quarterly growth | Q2 | annual growth |
|---|---|---|---|---|---|
| total revenue | 1748.33 | 1534.03 | +13.97% | 1617.38 | +8.1% |
| Total Selling/General/Administrative Expenses | 96.95 | 96.03 | +0.96% | 82.47 | +17.56% |
| Depreciation/amortization | 32.14 | 28.89 | +11.25% | 25.76 | +24.77% |
| total operating expenses | 1775.83 | 1476.68 | +20.26% | 1580.21 | +12.38% |
| operating income | -27.5 | 57.35 | -147.95% | 37.17 | -173.98% |
| net income before tax | -30.26 | 41.76 | -172.46% | 39.16 | -177.27% |
| net income | -19.2 | 31.27 | -161.4% | 29.11 | -165.96% |
| Diluted normalized earnings per share | -0.88 | 1.42 | -161.77% | 1.33 | -165.95% |
