Container Corporation Of India Q2 Results Live: Profit Falls by 0.53% YOY

Container Corporation Of India Q2 Results Live : Container Corporation Of India declared its Q2 results on 29 Oct, 2024, reporting a topline increase of 4.23% year-over-year. However, the company's profit saw a slight decline of 0.53% during the same period.

Compared to the previous quarter, the company's revenue grew significantly by 8.78%, while profit surged by an impressive 41.53%. This indicates a strong recovery in operational performance on a quarterly basis.

The company's Selling, General & Administrative expenses showed a positive trend, declining by 1.5% quarter-over-quarter and 5.9% year-over-year, reflecting better cost management practices.

Operating income, however, presented a mixed picture: it increased by 40.48% from the last quarter but experienced a decrease of 2.79% year-over-year, suggesting fluctuations in operational efficiency over a longer time frame.

Earnings per Share (EPS) for Q2 stood at ₹6.41, which is up by 5.94% compared to the same quarter last year, indicating a modest increase in shareholder value despite the drop in profits.

In terms of market performance, Container Corporation Of India has experienced a challenging period, with a -4.19% return over the last week, -21.3% return over the last six months, and -5.89% year-to-date return.

Currently, the market capitalization of Container Corporation Of India is ₹49,291.91 Crores, with a 52-week high of ₹1,180 and a low of ₹672.2, showcasing considerable volatility.

As of 30 Oct, 2024, analyst sentiment remains cautious. Out of 21 analysts covering the company, 2 have given a Strong Sell rating, 6 have rated it as Sell, 5 as Hold, 4 as Buy, and 4 as Strong Buy.

The consensus recommendation as of 30 Oct, 2024, is to Hold, suggesting that investors may want to maintain their positions while monitoring further developments in the company's performance.