Ashapuri Gold Ornament Q2 Results Live : Ashapuri Gold Ornament announced its Q2 results on 18 October 2024, showcasing significant growth in both revenue and profit. The company’s topline saw an impressive increase of 95.51% year-over-year, while profit surged by 91.67%.
In comparison to the previous quarter, Ashapuri Gold Ornament reported a revenue growth of 96.45% and a profit increase of 28.34%. This highlights the company’s strong performance and resilience in a competitive market.
However, the company faced rising costs, with selling, general, and administrative expenses rising by 37.76% quarter-over-quarter and 66.28% year-over-year. This increase in expenses may raise concerns about profitability moving forward.
Operating income demonstrated robust growth, up by 50.27% quarter-over-quarter and an impressive 97.6% year-over-year. This indicates that the core operations of Ashapuri Gold Ornament remain strong despite the rising costs.
The Earnings Per Share (EPS) for Q2 stood at ₹0.1, reflecting a 69.46% increase year-over-year, further underscoring the company’s financial health and commitment to delivering value to shareholders.
In the stock market, Ashapuri Gold Ornament has delivered a return of 7.89% in the last week. However, the company has faced challenges with a -41.39% return over the past six months and a -22.5% year-to-date return, indicating volatility in investor sentiment.
Currently, Ashapuri Gold Ornament boasts a market capitalization of ₹273.32 Crores, with a 52-week high of ₹16.27 and a low of ₹6.64. Investors will be keen to monitor how the company navigates its cost challenges while maintaining its growth trajectory.
Ashapuri Gold Ornament Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 86.89 | 44.23 | +96.45% | 44.44 | +95.51% |
| Selling/ General/ Admin Expenses Total | 1.35 | 0.98 | +37.76% | 0.81 | +66.28% |
| Depreciation/ Amortization | 0.21 | 0.21 | +1.1% | 0.22 | -5.56% |
| Total Operating Expense | 82.14 | 41.07 | +100% | 42.04 | +95.39% |
| Operating Income | 4.75 | 3.16 | +50.27% | 2.4 | +97.6% |
| Net Income Before Taxes | 4.6 | 3.56 | +29.49% | 2.39 | +93.03% |
| Net Income | 3.45 | 2.69 | +28.34% | 1.8 | +91.67% |
| Diluted Normalized EPS | 0.1 | 0.08 | +25% | 0.06 | +69.46% |
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