Rallis India Q2 FY24 results: profit rise by 15.41% YOY
Rallis India, a leading company in the agricultural sector, has declared their Q2 FY24 results on 25 Oct, 2023. The company's topline has witnessed a decrease of 12.53% compared to the same quarter last year. However, the profit has shown a significant increase of 15.41% YoY.
In comparison to the previous quarter, Rallis India's revenue has grown by 6.39% and the profit has increased by 30.16%. This indicates a positive trend in the company's financial performance. The Selling, general & administrative expenses of Rallis India have declined by 3.03% q-o-q and decreased by 0.78% Y-o-Y.
This reduction in expenses is a positive sign for the company's cost management. The operating income of Rallis India has shown a significant increase of 25.88% q-o-q and 11.95% Y-o-Y. This indicates improved operational efficiency and profitability.
The earnings per share (EPS) for Q2 FY24 is ₹4.19, which has increased by 14.84% YoY. This indicates a growth in the company's profitability on a per share basis. In terms of stock performance, Rallis India has delivered a negative return of -5.9% in the last 1 week.
However, it has shown a positive return of 8.08% in the last 6 months. The year-to-date (YTD) return stands at -14.77%. Currently, Rallis India has a market cap of ₹4016.76 Cr and its 52-week high/low prices are ₹270.9 and ₹186.55 respectively.
These figures provide an overview of the company's market valuation and its price range over the past year. According to the analyst ratings, out of 14 analysts covering Rallis India, 3 analysts have given a Strong Sell rating, 5 analysts have given a Sell rating, 5 analysts have given a Hold rating, and 1 analyst has given a Strong Buy rating. This indicates a mixed sentiment among the
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