Eid Parry India Q2 Results 2024:Eid Parry India announced its Q2 results for the financial year 2024 on 14 Nov, revealing a mixed performance. The company's topline grew by 2.99% year-on-year, while profit saw a significant decline of 32.42%. The profit for the quarter stands at ₹305.63 crore against a revenue of ₹9330.35 crore.
In comparison to the previous quarter, Eid Parry India showcased impressive growth, with revenue increasing by 38.29% and profit soaring by 234.64%. This indicates a strong recovery from the preceding quarter despite the annual decline.
The company's selling, general, and administrative expenses showed a slight decline of 0.28% quarter-over-quarter, although they increased by 7.63% year-over-year, reflecting ongoing operational costs.
Operating income for Eid Parry India was reported to be up by 131.51% when compared with the previous quarter, yet it decreased by 11.27% year-over-year, highlighting fluctuations in operational efficiency.
Earnings per share (EPS) for Q2 is reported at ₹17.16, which marks a decrease of 32.57% year-over-year, reflecting the challenges faced in profitability during this period.
Over the past week, Eid Parry India shares have delivered a return of -8.1%, while the stock has seen a robust 23.79% return over the last six months and a remarkable 40.33% year-to-date performance.
As of now, Eid Parry India has a market capitalization of ₹13,876.87 crore, with a 52-week high of ₹875.5 and a low of ₹471.6, indicating volatility in its stock price over the past year.
Among analysts covering the company, there is a unanimous consensus recommendation of 'Strong Buy' as of 16 Nov, 2024, suggesting confidence in the company's long-term growth potential.
Eid Parry India Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 9330.35 | 6746.79 | +38.29% | 9059.48 | +2.99% |
| Selling/ General/ Admin Expenses Total | 250.75 | 251.46 | -0.28% | 232.98 | +7.63% |
| Depreciation/ Amortization | 123.26 | 116.94 | +5.4% | 101.24 | +21.75% |
| Total Operating Expense | 8481.9 | 6380.31 | +32.94% | 8103.25 | +4.67% |
| Operating Income | 848.45 | 366.48 | +131.51% | 956.23 | -11.27% |
| Net Income Before Taxes | 810.93 | 327.41 | +147.68% | 1028.68 | -21.17% |
| Net Income | 305.63 | 91.33 | +234.64% | 452.27 | -32.42% |
| Diluted Normalized EPS | 17.16 | 5.13 | +234.5% | 25.45 | -32.57% |
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