Transchem Q2 Results Live : Transchem declared their Q2 results on 15 October 2024, revealing a notable increase in profit despite a stagnant revenue figure. The company’s topline revenue remained unchanged year-over-year, showing a 0% decline, while profit surged by an impressive 49.36%.
In comparison to the previous quarter, however, the figures tell a different story. Revenue saw a decline of 0% quarter-over-quarter, and profit decreased by 13.09%, indicating some challenges in maintaining growth momentum.
The selling, general, and administrative expenses experienced a slight rise of 0.31% on a quarterly basis, yet they showed a significant decrease of 30.28% year-over-year. This reduction in expenses likely contributed to the overall profit growth.
Operating income also reflected a decline, with a 35.44% drop quarter-over-quarter. Nonetheless, it increased by 4.76% when compared to the same quarter last year, suggesting some underlying operational strengths.
Earnings per share (EPS) stood at ₹1.18 for Q2, marking a substantial increase of 49.37% year-over-year. This strong performance in EPS is a positive indicator for investors as Transchem continues to navigate the market challenges.
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