Gujarat Lease Financing Q2 Results Live : Gujarat Lease Financing declared its Q2 results on 17 October 2024, reporting a profit of ₹0.02 crore. The company’s topline showed a year-over-year increase of 2.94%, marking a positive turnaround from the loss of ₹0.01 crore reported during the same period last year.
In comparison to the previous quarter, Gujarat Lease Financing’s revenue grew by 2.24%. This growth is indicative of the company’s ongoing efforts to strengthen its financial position.
Notably, selling, general, and administrative expenses saw a significant decline, dropping by 9.8% quarter-over-quarter and 31.82% year-over-year. This cost management strategy has contributed to the improved profitability.
Operating income showcased remarkable growth, surging by 139.77% compared to the previous quarter and skyrocketing by 326.85% year-over-year. This upward trend in operating income reflects the company’s robust operational performance.
Earnings per share (EPS) for Q2 stands at ₹0.01, representing an impressive increase of 326.88% year-over-year. This significant rise in EPS is a positive signal for investors and stakeholders.
Over the past week, Gujarat Lease Financing has delivered a return of 22.75%. However, the company experienced a decline of 8.96% over the last six months. On a year-to-date basis, the stock has performed exceptionally well, with an 82.08% return.
As of now, Gujarat Lease Financing has a market capitalization of ₹23.71 crore, with a 52-week high of ₹11.7 and a low of ₹3.6, highlighting the volatility and potential growth opportunities in the stock.
Gujarat Lease Financing Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 0.11 | 0.1 | +2.24% | 0.1 | +2.94% |
| Selling/ General/ Admin Expenses Total | 0.04 | 0.04 | -9.8% | 0.06 | -31.82% |
| Depreciation/ Amortization | 0 | 0 | -0% | 0 | -0% |
| Total Operating Expense | 0.08 | 0.16 | -51% | 0.11 | -28.63% |
| Operating Income | 0.02 | -0.06 | +139.77% | -0.01 | +326.85% |
| Net Income Before Taxes | 0.02 | -0.06 | +139.77% | -0.01 | +326.85% |
| Net Income | 0.02 | -0.06 | +139.77% | -0.01 | +326.85% |
| Diluted Normalized EPS | 0.01 | -0.02 | +145.15% | -0 | +326.88% |
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