Stylam Industries Q2 Results Live : Stylam Industries declared their Q2 results on 15 Oct, 2024, reporting a significant increase in both revenue and profit. The company achieved a topline growth of 12.3% year-over-year, while profit saw a rise of 7.43%. Compared to the previous quarter, revenue grew by 8.29%, and profit surged by an impressive 20.28%.
In terms of expenses, the Selling, General & Administrative expenses rose by 5.55% quarter-over-quarter and saw a year-over-year increase of 9.62%. Despite the rise in expenses, the operating income demonstrated strong performance, up by 36.92% from the previous quarter and 16.56% year-over-year.
Earnings per share (EPS) for Q2 stood at ₹19.66, reflecting a year-over-year increase of 4.97%. Investors have reacted positively to these results, with Stylam Industries delivering a 4.95% return in the last week, a remarkable 36.3% return over the past six months, and a year-to-date return of 31.53%.
Currently, Stylam Industries has a market capitalization of ₹3838.14 Crore, with its 52-week high and low recorded at ₹2374 and ₹1414, respectively. The stock’s performance has caught the attention of analysts, with 1 out of 4 covering analysts giving a Hold rating, while 3 have issued a Strong Buy rating.
As of 16 Oct, 2024, the consensus recommendation among analysts remains a Strong Buy, indicating a positive outlook for Stylam Industries moving forward.
Stylam Industries Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 262.7 | 242.59 | +8.29% | 233.94 | +12.3% |
| Selling/ General/ Admin Expenses Total | 20.45 | 19.38 | +5.55% | 18.66 | +9.62% |
| Depreciation/ Amortization | 5.43 | 6.12 | -11.3% | 5.26 | +3.16% |
| Total Operating Expense | 213.75 | 206.84 | +3.34% | 191.95 | +11.36% |
| Operating Income | 48.95 | 35.75 | +36.92% | 41.99 | +16.56% |
| Net Income Before Taxes | 46.84 | 37.86 | +23.73% | 43.29 | +8.22% |
| Net Income | 34.11 | 28.36 | +20.28% | 31.75 | +7.43% |
| Diluted Normalized EPS | 19.66 | 16.73 | +17.51% | 18.73 | +4.97% |
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