MOIL Q2 Results Live : MOIL declared their Q2 results on 25 Oct, 2024, revealing a challenging quarter for the company. The topline decreased by 16.01%, while profit fell by 18.79% year-over-year, raising concerns among investors.
In comparison to the previous quarter, the revenue experienced a significant decline of 40.77%, and profits plummeted by 67.21%. This stark contrast highlights the struggles faced by the company in recent months.
Notably, the Selling, General & Administrative expenses saw a slight decline of 3.62% quarter-over-quarter, but this marked a year-over-year increase of 1.91%, indicating rising operational costs.
The operating income was particularly affected, down by 76.66% quarter-over-quarter and 32.29% year-over-year, showcasing the operational challenges that MOIL is currently navigating.
Earnings per share (EPS) for Q2 stood at ₹2.46, reflecting an 18.77% decrease compared to the same quarter last year, further signaling a tough financial environment for the company.
Despite these setbacks, MOIL has delivered a return of -6.99% in the past week, -20.71% over the last six months, but a relatively positive 10.52% year-to-date return.
The company's market capitalization currently stands at ₹6949.02 Cr, with a 52-week high of ₹588 and a low of ₹218.25, underscoring the volatility in its stock performance.
As of 26 Oct, 2024, analysts remain divided on the company's prospects, with one analyst issuing a 'Sell' rating and another providing a 'Strong Buy' rating, reflecting the uncertainty surrounding MOIL's future performance.
MOIL Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 291.89 | 492.84 | -40.77% | 347.53 | -16.01% |
| Selling/ General/ Admin Expenses Total | 136.57 | 141.7 | -3.62% | 134.02 | +1.91% |
| Depreciation/ Amortization | 37.81 | 36.43 | +3.79% | 35.22 | +7.35% |
| Total Operating Expense | 250.52 | 315.57 | -20.61% | 286.43 | -12.54% |
| Operating Income | 41.37 | 177.27 | -76.66% | 61.1 | -32.29% |
| Net Income Before Taxes | 68.16 | 204.34 | -66.65% | 81.57 | -16.45% |
| Net Income | 49.96 | 152.35 | -67.21% | 61.52 | -18.79% |
| Diluted Normalized EPS | 2.46 | 7.49 | -67.16% | 3.03 | -18.77% |
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