Rajoo Engineers Q2 Results Live: Profit Rises by 47.92% YOY

Rajoo Engineers Q2 Results Live : Rajoo Engineers declared their Q2 results on 14 Oct, 2024, revealing a significant increase in profitability. The company's topline grew by 6.12% year-over-year, while profit soared by an impressive 47.92% during the same period.

In comparison to the previous quarter, Rajoo Engineers reported an 11.67% increase in revenue and a 44.9% rise in profit. These figures highlight the company's robust growth trajectory as it continues to expand its operations.

However, the company faced a rise in Selling, General & Administrative expenses, which increased by 12.32% quarter-over-quarter and 15.23% year-over-year. This uptick in expenses might be a point of concern for investors.

On a more positive note, operating income showed remarkable growth, up by 32.18% from the previous quarter and 28.19% year-over-year. This indicates that the company is effectively managing its operations despite increasing costs.

Earnings per share (EPS) for Q2 stood at ₹0.64, reflecting a decrease of 26.44% year-over-year. This decline in EPS may affect investor sentiment, despite the overall profit increase.

Rajoo Engineers has experienced a mixed performance in the stock market, delivering a -6.16% return in the last week. However, the company has shown remarkable resilience with a 253.32% return over the last six months and an impressive 268.11% year-to-date return.

Currently, Rajoo Engineers boasts a market capitalization of ₹4813.35 crore, with its stock trading between a 52-week high of ₹443.9 and a low of ₹48.78. This volatility may present opportunities for investors looking to capitalize on the company's growth potential.