Machhar Industries Q2 Results Live : Machhar Industries has released its Q2 results for the fiscal year, declaring a significant downturn in both revenue and profit. The results, announced on 23 October 2024, show that the company’s topline decreased by 9.69% year-over-year, while profit saw a staggering decline of 82.06%.
In comparison to the previous quarter, the figures are even more alarming, with revenue declining by 22.84% and profit plummeting by 88.67%. This trend raises concerns regarding the company’s operational efficiency and market positioning.
The selling, general, and administrative expenses have not helped the situation, rising by 0.43% quarter-over-quarter and increasing by 5.43% year-over-year. This increase in expenses could be a contributing factor to the declining profit margins.
Moreover, the operating income was reported to be down by 170.33% compared to the previous quarter and decreased by 217.76% year-over-year, indicating severe challenges in maintaining profitability.
Earnings per share (EPS) for Q2 stand at ₹0.21, reflecting an 82.08% decrease year-over-year. This alarming reduction in EPS underscores the financial difficulties facing Machhar Industries and raises questions about future growth strategies.
Machhar Industries Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 3.62 | 4.69 | -22.84% | 4.01 | -9.69% |
| Selling/ General/ Admin Expenses Total | 0.55 | 0.55 | +0.43% | 0.53 | +5.43% |
| Depreciation/ Amortization | 0.13 | 0.13 | -0% | 0.11 | +14.56% |
| Total Operating Expense | 3.75 | 4.51 | -16.92% | 3.9 | -3.93% |
| Operating Income | -0.13 | 0.18 | -170.33% | 0.11 | -217.76% |
| Net Income Before Taxes | 0.03 | 0.17 | -80.96% | 0.12 | -72.95% |
| Net Income | 0.02 | 0.14 | -88.67% | 0.09 | -82.06% |
| Diluted Normalized EPS | 0.21 | 1.57 | -86.5% | 1.18 | -82.08% |
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