Steel Exchange India Q2 Results Live : Steel Exchange India announced its Q2 results on October 17, 2024, revealing a profit of ₹2.72 crore despite a 3.29% decrease in revenue compared to the same period last year. This marks a significant turnaround from a loss of ₹3.65 crore reported in the previous fiscal year’s second quarter.
In comparison to the previous quarter, the company’s revenue saw a slight decline of 1.17%. The report highlights an increase in selling, general, and administrative expenses, which rose by 2.21% quarter-over-quarter and 18.15% year-over-year.
On a positive note, the operating income showed improvement, up by 8.28% compared to the last quarter and a notable 46.87% increase year-over-year. The earnings per share (EPS) for Q2 stood at ₹0.02, reflecting a substantial increase of 166.67% year-over-year.
In terms of stock performance, Steel Exchange India has delivered a return of 3.21% over the past week, although it has faced a decline of 10.04% over the last six months. Year-to-date, the company has achieved a robust return of 20.1%.
Currently, Steel Exchange India boasts a market capitalization of ₹1503.03 crore, with its stock reaching a 52-week high of ₹18.4 and a low of ₹8.2.
Steel Exchange India Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 260.57 | 263.65 | -1.17% | 269.45 | -3.29% |
| Selling/ General/ Admin Expenses Total | 9.42 | 9.22 | +2.21% | 7.97 | +18.15% |
| Depreciation/ Amortization | 5.93 | 5.93 | -0% | 5.13 | +15.43% |
| Total Operating Expense | 240.15 | 244.79 | -1.9% | 255.54 | -6.02% |
| Operating Income | 20.43 | 18.87 | +8.28% | 13.91 | +46.87% |
| Net Income Before Taxes | 2.72 | 2.58 | +5.55% | -3.65 | +174.69% |
| Net Income | 2.72 | 2.56 | +6.38% | -3.65 | +174.69% |
| Diluted Normalized EPS | 0.02 | 0.02 | -0% | -0.03 | +166.67% |
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