Gujarat State Fertilizers & Chemicals Q2 Results 2024: Profit Falls by 3.46% YoY
Gujarat State Fertilizers & Chemicals Q2 Results 2024 on 14 Nov, 2024: Revenue decreased by 15.5% YoY & profit decreased by 3.46% YoY, profit at ₹298.22 crore and revenue at ₹2635.17 crore.
Gujarat State Fertilizers & Chemicals Q2 Results 2024:Gujarat State Fertilizers & Chemicals (GSFC) announced its Q2 results for the fiscal year 2024 on November 12, 2024. The company reported a profit of ₹298.22 crore, which reflects a decline of 3.46% year-over-year (YoY). The revenue for the quarter stood at ₹2635.17 crore, marking a significant decrease of 15.5% YoY.
Despite the decline in YoY performance, GSFC showed resilience compared to the previous quarter. The revenue grew by 21.86% and profit surged by an impressive 241.56%. This indicates a positive trend in the company's performance on a quarter-to-quarter basis.
The company's Selling, General & Administrative (SG&A) expenses also saw a reduction, declining by 5.63% quarter-over-quarter (q-o-q) and 25.93% YoY, which may reflect cost-cutting measures and improved operational efficiency.
GSFC's operating income experienced a remarkable increase of 276.21% q-o-q and grew by 23% YoY, showcasing strong operational performance in the face of challenging market conditions.
Earnings per share (EPS) for Q2 were reported at ₹7.49, down by 3.35% from the same quarter last year.
Over the past week, GSFC shares have delivered a return of -5.91%, while the returns over the last six months and year-to-date stand at -15.34% and -17.99%, respectively. This performance may raise concerns among investors.
Currently, GSFC holds a market capitalization of ₹7888.66 crore, with a 52-week high of ₹322.25 and a low of ₹179.2, indicating significant volatility in its stock price.
Gujarat State Fertilizers & Chemicals Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 2635.17 | 2162.53 | +21.86% | 3118.72 | -15.5% |
| Selling/ General/ Admin Expenses Total | 189.01 | 200.28 | -5.63% | 255.18 | -25.93% |
| Depreciation/ Amortization | 47.92 | 47.25 | +1.42% | 45.7 | +4.86% |
| Total Operating Expense | 2399.51 | 2099.89 | +14.27% | 2927.13 | -18.03% |
| Operating Income | 235.66 | 62.64 | +276.21% | 191.59 | +23% |
| Net Income Before Taxes | 387.14 | 112.6 | +243.82% | 386.98 | +0.04% |
| Net Income | 298.22 | 87.31 | +241.56% | 308.91 | -3.46% |
| Diluted Normalized EPS | 7.49 | 2.19 | +242.01% | 7.75 | -3.35% |
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