Birla Cable Q2 Results Live: Profit Falls by 63.94% YOY | Company Business News

Birla Cable Q2 Results Live : Birla Cable declared their Q2 results on 24 Oct, 2024, revealing a mixed performance for the quarter. The company reported a topline increase of 4.01% year-over-year, but profit plummeted by 63.94%. In comparison to the previous quarter, revenue showed a more robust growth of 9.53%, while profit surged dramatically by 1163.68%.

The financial report indicates that the Selling, General & Administrative expenses rose by 1.13% quarter-over-quarter, but saw a slight decrease of 0.53% year-over-year. This suggests a controlled expenditure despite the challenges faced in profitability.

Operating income also reflected contrasting trends, with a notable 103.99% increase quarter-over-quarter; however, it declined by 25.1% year-over-year. This indicates a volatile operating environment for the company as it navigates through market fluctuations.

Earnings per share (EPS) for Q2 stood at ₹0.61, marking a significant decline of 63.69% compared to the same quarter last year. This drop in EPS is a critical indicator of the company’s profitability struggles.

Investors have reacted cautiously to these results, as Birla Cable has delivered a -5.49% return in the last week, a stark -18.34% return over the past six months, and a troubling -22.6% year-to-date return. The performance has raised concerns among stakeholders regarding the company’s future growth prospects.

Currently, Birla Cable holds a market capitalization of ₹663.15 Cr, with a 52-week high of ₹340 and a low of ₹209, highlighting the volatility in its stock performance as it adapts to the current market landscape.