Ashapuri Gold Ornament Q2 Results Live: Profit Rises by 91.67% YoY

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.