Sharda Cropchem Q2 Results Live : Sharda Cropchem declared their Q2 results on 25 Oct, 2024, reporting a significant turnaround with a profit of ₹42.41 crore. This marks a remarkable increase in revenue by 33.77% year-on-year, especially when compared to a loss of ₹27.58 crore in the same period last fiscal year.
However, it is important to note that revenue declined slightly by 1.05% compared to the previous quarter. The company’s selling, general, and administrative expenses saw a decrease of 7.04% quarter-on-quarter, although they increased by 12.67% year-on-year.
In terms of operational performance, Sharda Cropchem reported a substantial increase in operating income, which rose by 67.35% quarter-on-quarter and 152.52% year-on-year. The earnings per share (EPS) also saw a remarkable increase of 253.59% year-on-year, reaching ₹4.7 for Q2.
Investors have seen mixed returns over different timeframes, with Sharda Cropchem delivering a -2.29% return in the last week, but a promising 57.41% return over the last six months and a 30.47% return year-to-date.
The company currently holds a market capitalization of ₹5329.78 crore, with its 52-week high and low standing at ₹636.85 and ₹318.05, respectively. Analyst sentiment is cautiously optimistic, with a consensus recommendation to Buy as of 26 Oct, 2024, where out of five analysts, two have given a Hold rating, two a Buy rating, and one a Strong Buy rating.
Sharda Cropchem Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 776.89 | 785.11 | -1.05% | 580.76 | +33.77% |
| Selling/ General/ Admin Expenses Total | 10.37 | 11.15 | -7.04% | 9.2 | +12.67% |
| Depreciation/ Amortization | 69.1 | 64.78 | +6.67% | 73.97 | -6.58% |
| Total Operating Expense | 756.37 | 772.85 | -2.13% | 619.83 | +22.03% |
| Operating Income | 20.52 | 12.26 | +67.35% | -39.07 | +152.52% |
| Net Income Before Taxes | 45.52 | 30.79 | +47.84% | -33.83 | +234.52% |
| Net Income | 42.41 | 27.25 | +55.61% | -27.58 | +253.76% |
| Diluted Normalized EPS | 4.7 | 3.02 | +55.63% | -3.06 | +253.59% |
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