Swan Energy Q2 Results 2024:Swan Energy declared its Q2 results for the fiscal year 2024 on November 14, 2024, revealing a significant decline in both revenue and profits. The company's topline decreased by 15.62% year-on-year, amounting to ₹1032.19 crore, while profits plummeted by 39.37% to ₹51.28 crore.
Compared to the previous quarter, Swan Energy experienced a revenue decline of 9.59% and a staggering profit decrease of 63.09%. This decline has raised concerns among investors about the company's operational efficiency and market conditions.
Moreover, the company's selling, general, and administrative expenses rose by 3.34% quarter-on-quarter and saw a significant increase of 40.08% year-on-year. This rise in expenses is a critical factor contributing to the overall decline in profitability.
The operating income also faced a steep decline, down by 74.04% quarter-on-quarter and 60.09% year-on-year, indicating a challenging economic environment for the company.
Earnings per share (EPS) for Q2 stood at ₹2.28, marking a decrease of 65.92% compared to the same quarter last year. This reduction in EPS further underscores the financial challenges faced by Swan Energy.
In terms of market performance, Swan Energy has reported a -4.66% return over the last week, a -12.28% return over the past six months, and a negligible -0.01% year-to-date return. These figures reflect a broader trend of investor concern regarding the company's future growth prospects.
As of now, Swan Energy holds a market capitalization of ₹16,016.08 crore, with a 52-week high of ₹782.25 and a low of ₹413. The significant fluctuations in share price highlight the volatility and uncertainty surrounding the company in the current market climate.
Swan Energy Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 1032.19 | 1141.74 | -9.59% | 1223.26 | -15.62% |
| Selling/ General/ Admin Expenses Total | 11.64 | 11.27 | +3.34% | 8.31 | +40.08% |
| Depreciation/ Amortization | 28.36 | 27.51 | +3.1% | 27.1 | +4.68% |
| Total Operating Expense | 940.45 | 788.36 | +19.29% | 993.4 | -5.33% |
| Operating Income | 91.74 | 353.38 | -74.04% | 229.87 | -60.09% |
| Net Income Before Taxes | 57.4 | 320.57 | -82.09% | 178.37 | -67.82% |
| Net Income | 51.28 | 138.94 | -63.09% | 84.58 | -39.37% |
| Diluted Normalized EPS | 2.28 | 4.43 | -48.56% | 6.69 | -65.92% |
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