Responsive Industries Q2 Results Live : Responsive Industries declared their Q2 results on 22 Oct, 2024, showcasing impressive growth. The company’s topline revenue surged by 30.25% year-over-year, while profits rose by 21.16%, marking a significant improvement in financial performance.
In comparison to the previous quarter, Responsive Industries experienced a revenue growth of 9.26% and a profit increase of 1.87%. This reflects a steady upward trajectory for the company despite recent market challenges.
Selling, general, and administrative expenses saw an increase of 8.8% quarter-over-quarter, although they decreased slightly by 0.57% year-over-year. This indicates that the company is managing its operational costs effectively amidst rising expenses.
Operating income for Q2 rose by 1.7% compared to the previous quarter and demonstrated a substantial 20.48% increase year-over-year. The company’s ability to enhance its operating income is a positive indicator of its operational efficiency.
Earnings per share (EPS) for the quarter stood at ₹1.85, reflecting a growth of 20.92% year-over-year. This is a significant achievement for Responsive Industries, indicating strong profitability for shareholders.
Despite these positive results, Responsive Industries has faced challenges in the stock market, delivering a -2.12% return over the last week, a -6.19% return over the last six months, and a -11.22% year-to-date return. Investors will be keen to see how the company’s recent performance will impact its stock value moving forward.
Currently, Responsive Industries boasts a market capitalization of ₹7264.03 crore, with a 52-week high of ₹359.75 and a low of ₹250.05. This range highlights the volatility in the company’s stock, as it navigates through market fluctuations.
Responsive Industries Financials
Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
---|---|---|---|---|---|
Total Revenue | 349.52 | 319.9 | +9.26% | 268.35 | +30.25% |
Selling/ General/ Admin Expenses Total | 8.05 | 7.4 | +8.8% | 8.1 | -0.57% |
Depreciation/ Amortization | 17.51 | 17.17 | +1.96% | 15.48 | +13.1% |
Total Operating Expense | 294.51 | 265.81 | +10.8% | 222.68 | +32.25% |
Operating Income | 55.01 | 54.09 | +1.7% | 45.66 | +20.48% |
Net Income Before Taxes | 52.12 | 50.79 | +2.62% | 43.16 | +20.74% |
Net Income | 49.28 | 48.38 | +1.87% | 40.67 | +21.16% |
Diluted Normalized EPS | 1.85 | 1.81 | +2.21% | 1.53 | +20.92% |
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