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Andhra Cements Q2 Results Live : Andhra Cements declared its Q2 results on October 23, 2024, reporting a significant decline in performance. The company’s topline revenue decreased by 15.79% year-over-year, while losses surged dramatically by 3459.18%.
In comparison to the previous quarter, revenue showed a decline of 13.46%, and losses increased by 47.86%. This downward trend raises concerns among investors about the company’s financial health.
The company’s selling, general, and administrative expenses saw a slight decline of 4.41% quarter-over-quarter but increased by 36.84% year-over-year, indicating rising operational costs that could be impacting profitability.
Operating income also took a hit, down by 23.85% quarter-over-quarter and a staggering 394.32% year-over-year, showcasing the challenges faced by Andhra Cements in maintaining its operational efficiency.
Earnings per share (EPS) for Q2 stood at ₹-3.78, reflecting a decrease of 217.9% year-over-year, further highlighting the significant financial struggles the company is undergoing.
In terms of market performance, Andhra Cements has delivered a return of -2.14% over the last week, -3.86% over the past six months, and a troubling -21.11% year-to-date, raising concerns among stakeholders.
As of the latest reports, Andhra Cements has a market capitalization of ₹792.22 Crores, with a 52-week high of ₹139.2 and a low of ₹76, indicating considerable volatility in its stock price amidst these financial challenges.
Andhra Cements Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 54.86 | 63.39 | -13.46% | 65.15 | -15.79% |
| Selling/ General/ Admin Expenses Total | 16.9 | 17.68 | -4.41% | 12.35 | +36.84% |
| Depreciation/ Amortization | 17.73 | 17.22 | +2.96% | 13.03 | +36.07% |
| Total Operating Expense | 82.85 | 85.99 | -3.65% | 55.64 | +48.9% |
| Operating Income | -27.99 | -22.6 | -23.85% | 9.51 | -394.32% |
| Net Income Before Taxes | -44.79 | -36.08 | -24.14% | -9.03 | -396.01% |
| Net Income | -34.88 | -23.59 | -47.86% | -0.98 | -3459.18% |
| Diluted Normalized EPS | -3.78 | -2.56 | -47.66% | -1.19 | -217.9% |
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