Reliance Industrial Infrastruct Q2 Results Live : Reliance Industrial Infrastruct declared their Q2 results on 11 Oct, 2024, revealing a challenging quarter for the company. The topline reported a significant decrease of 14.8% year-over-year, alongside a profit decline of 1.71%. In comparison to the previous quarter, revenue saw a slight decline of 1.35%, but profit managed to increase by 7.69%.
In an analysis of operational efficiency, the company reported a noteworthy reduction in Selling, General & Administrative expenses, which fell by 16.13% quarter-over-quarter and 35.4% year-over-year. Despite these cost-saving measures, the operating income faced challenges, down by 7.91% compared to the previous quarter and a striking 63.98% year-over-year.
The earnings per share (EPS) for Q2 was reported at ₹2.07, a decrease of 1.43% year-over-year. This marks another indicator of the company’s struggles in the competitive landscape.
Investors may be concerned as Reliance Industrial Infrastruct has shown a return of -0.71% over the last week, a more substantial -8.71% return over the last six months, and a significant -12.26% year-to-date return. This trend suggests ongoing challenges that may affect investor sentiment.
Currently, Reliance Industrial Infrastruct holds a market capitalization of ₹1786.1 Crores, with a 52-week high of ₹1605 and a low of ₹983, reflecting the volatility and market conditions the company is navigating.
Reliance Industrial Infrastruct Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 12.24 | 12.4 | -1.35% | 14.36 | -14.8% |
| Selling/ General/ Admin Expenses Total | 3.23 | 3.85 | -16.13% | 5 | -35.4% |
| Depreciation/ Amortization | 0.37 | 0.36 | +1.1% | 0.64 | -42.41% |
| Total Operating Expense | 15.45 | 15.38 | +0.44% | 16.32 | -5.35% |
| Operating Income | -3.21 | -2.98 | -7.91% | -1.96 | -63.98% |
| Net Income Before Taxes | 3.61 | 3.54 | +1.96% | 5.23 | -31.01% |
| Net Income | 3.12 | 2.9 | +7.69% | 3.18 | -1.71% |
| Diluted Normalized EPS | 2.07 | 1.92 | +7.81% | 2.1 | -1.43% |
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