Aditya Birla Capital Q2 Results Live: Profit Rise by 41.96% YOY | Company Business News

Aditya Birla Capital Q2 Results Live : Aditya Birla Capital declared their Q2 results on 30 Oct, 2024, showcasing impressive growth in both revenue and profits. The company’s topline surged by 28.94% year-over-year (YoY), while profits saw a remarkable increase of 41.96%. Compared to the previous quarter, revenue grew by 12.89% and profit rose by 31.9%.

In terms of expenses, Selling, General and Administrative (SG&A) costs rose by 1.16% quarter-over-quarter (q-o-q) and increased significantly by 27.44% YoY. This rise in expenses reflects the company’s ongoing investments in scaling its operations and enhancing its service offerings.

The operating income also exhibited positive momentum, with an increase of 3.24% q-o-q and an 18.14% rise YoY. This consistent performance in operating income underscores Aditya Birla Capital’s effective management of its core business activities.

Earnings per Share (EPS) for Q2 stood at ₹4.76, marking a growth of 30.48% YoY. This strong EPS growth is a testament to the company’s robust financial health and operational efficiencies.

In the stock market, Aditya Birla Capital has delivered a 2.05% return in the last week, though it has seen a decline of 6.93% over the past six months. However, year-to-date (YTD), the stock has performed well with a return of 29.43%. The company’s current market capitalization is ₹56,110.63 crore, with a 52-week high of ₹246.9 and a low of ₹155.

Analyst sentiment remains optimistic, with a consensus recommendation as of 31 Oct, 2024, suggesting a ‘Strong Buy’. Out of nine analysts covering the company, one has given a ‘Hold’ rating, one has a ‘Buy’ rating, and seven analysts have rated it as a ‘Strong Buy’. This positive outlook reflects confidence in the company’s growth trajectory and market position.

Aditya Birla Capital Financials