Gujarat State Financial Q2 Results Live: Loss Rises by 1.85% YoY | Company Business News

Gujarat State Financial Q2 Results Live : Gujarat State Financial declared their Q2 results on November 7, 2024, revealing a significant downturn in performance as the topline revenue plummeted by 65.08% year-over-year. The company’s losses also increased by 1.85% compared to the same quarter last year, raising concerns among investors.

When compared to the previous quarter, Gujarat State Financial reported a revenue decline of 35.54%, with losses increasing by 0.74%. This continuing trend of decreasing revenue highlights persistent challenges faced by the company in the current economic environment.

In terms of expenses, the Selling, General, and Administrative (SG&A) costs saw a decline of 7.26% quarter-over-quarter and an impressive reduction of 86.13% year-over-year. This indicates some level of operational efficiency being achieved by the management despite the declining revenues.

The operating income for the quarter was also down, falling by 1.21% compared to the previous quarter and decreasing by 3.16% year-over-year, further illustrating the financial struggles the company is facing.

Earnings Per Share (EPS) stood at ₹-3.57 for Q2, which represents an increase of 3.39% year-over-year, though still reflects negative performance overall. The negative EPS continues to be a point of concern for shareholders and analysts alike.

Despite the challenges, Gujarat State Financial has shown some resilience with a 3.51% return over the past week. However, the company has reported a -3.28% return over the last six months, while year-to-date returns remain relatively positive at 38.61%.

Currently, Gujarat State Financial holds a market capitalization of ₹207.64 Crore, with its stock trading between a 52-week high of ₹39.96 and a low of ₹9.84, reflecting the volatility and uncertainty in the market.

Gujarat State Financial Financials