La Opala Rg Q2 Results 2024 on 16 Nov, 2024: profit falls by 22.86% YOY, profit at ₹24.06 crore and revenue at ₹90.61 crore | Company Business News

La Opala Rg Q2 Results 2024:La Opala Rg announced its Q2 results for 2024 on November 14, revealing a mixed performance with a year-over-year profit decrease of 22.86%. The company’s profit for the quarter stood at ₹24.06 crore, while revenue showed a modest increase of 1.54% to reach ₹90.61 crore.

In comparison to the previous quarter, La Opala Rg experienced a significant growth in revenue, which rose by 24.38%. Additionally, the profit saw a slight increase of 1.69% quarter-over-quarter, indicating some resilience despite the year-over-year decline.

The company’s selling, general, and administrative expenses saw a notable reduction, declining by 5.63% sequentially and 22.2% annually. This decrease could signal improved cost management strategies implemented by the company.

Operating income for the quarter was up by 14.28% compared to the previous quarter, although it decreased by 12.69% year-over-year, reflecting the challenges faced by the company in maintaining profitability in a competitive market.

Earnings per share (EPS) stood at ₹2.17 for Q2, marking a decline of 22.78% from the same period last year, which may concern investors looking for growth.

Over the past week, La Opala Rg shares have delivered a return of -4.68%, while over the last six months, the return has been 2.73%. Year-to-date, the stock has seen a decline of 10.31%. Currently, the company has a market capitalization of ₹3,650.79 crore with a 52-week high of ₹416.56 and a low of ₹286.59.

Despite the mixed quarterly results, analysts remain optimistic about the company’s future, with a consensus recommendation of ‘Strong Buy’ from all three analysts covering the stock as of November 16, 2024.

Disclaimer: This is an AI-generated live blog and has not been edited by LiveMint staff.