Himadri Speciality Chemical Q2 Results Live : Himadri Speciality Chemical declared their Q2 results on 16 Oct, 2024, showcasing a robust performance with a topline increase of 13.18% year-on-year. The company reported a significant profit rise of 34.5% compared to the same quarter last year.
However, when comparing to the previous quarter, the company saw a revenue decline of 5.29%, while profits increased by 10.39%. This indicates a mixed performance on a sequential basis, highlighting potential challenges in maintaining growth momentum.
Selling, general, and administrative expenses have surged, rising by 10.68% quarter-on-quarter and 23.39% year-on-year. This increase in operational costs could be a point of concern for investors as it may impact profitability in the future.
On a positive note, the operating income was up by 8.96% from the previous quarter and saw a remarkable increase of 34.29% year-on-year. This growth underscores the company’s strong operational performance despite rising costs.
The earnings per share (EPS) for Q2 stood at ₹2.72, marking an 18.78% increase year-on-year. This increase is likely to attract investor interest as it reflects the company’s ability to generate higher profits per share.
In terms of stock performance, Himadri Speciality Chemical has delivered a return of 4.94% over the past week, an impressive 113.69% over the last six months, and a year-to-date return of 113.28%. These figures indicate strong investor sentiment towards the company.
Currently, the market capitalization of Himadri Speciality Chemical is ₹32,586.25 crore, with a 52-week high of ₹688.7 and a low of ₹224, reflecting significant stock price volatility over the past year.
Himadri Speciality Chemical Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 1136.92 | 1200.41 | -5.29% | 1004.52 | +13.18% |
| Selling/ General/ Admin Expenses Total | 34.82 | 31.46 | +10.68% | 28.22 | +23.39% |
| Depreciation/ Amortization | 13.1 | 12.93 | +1.31% | 12.43 | +5.39% |
| Total Operating Expense | 941.89 | 1021.42 | -7.79% | 859.29 | +9.61% |
| Operating Income | 195.03 | 178.99 | +8.96% | 145.23 | +34.29% |
| Net Income Before Taxes | 197.3 | 178.68 | +10.42% | 139.1 | +41.84% |
| Net Income | 135.36 | 122.62 | +10.39% | 100.64 | +34.5% |
| Diluted Normalized EPS | 2.72 | 2.48 | +9.68% | 2.29 | +18.78% |
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