Indian Sucrose, a leading company in the sugar industry, announced its financial results for the second quarter (Q2) of the fiscal year 2024 on November 16, 2023.
The company reported a significant increase in its revenue, with the top line growing by 19.35% compared to the same quarter last year. However, the company also experienced a big increase in its losses, which increased by 67.66% year-on-year (YoY).
Compared to the previous quarter, Indian Sucrose witnessed a decline in its revenues by 18.35% and a staggering increase in its losses by 265.68%.
One of the positive aspects for the company was a decrease in their Selling, General and Administrative (SG&A) expenses. These expenses decreased by 4.17% quarter-on-quarter (QoQ) and decreased by 15.54% YoY.
Indian Sucrose’s operating income also faced challenges, with a significant decline of 109.79% QoQ and a decline of 169.32% YoY.
The earnings per share (EPS) for Q2 FY24 stood at ₹-1.62, reflecting a decrease of 70.53% YoY.
Despite the financial challenges, Indian Sucrose has shown promising returns in the market. During the past week, the company delivered a return of 3.61%. In the last six months, the return was even more impressive, reaching 49.87%. The year-to-date (YTD) return stands at 46.99%.
Currently, Indian Sucrose has a market capitalization of ₹154.15 Cr. The company’s 52-week high and low is ₹104 and ₹49 respectively.
Period | Q2 FY24 | Q1 FY24 | QoQ Growth | Q2 FY23 | YoY Growth |
---|---|---|---|---|---|
Total Income | 90.78 | 111.18 | -18.35% | 76.06 | +19.35% |
Selling/ General/ Administrative Expenses Total | 2.99 | 3.12 | -4.17% | 3.54 | -15.54% |
Depreciation/ Depreciation | 2.68 | 2.7 | -0.74% | 1.74 | +54.02% |
Total Operating Expense | 91.39 | 104.95 | -12.92% | 75.18 | +21.56% |
Operating Income | -0.61 | 6.23 | -109.79% | 0.88 | -169.32% |
Net Income Before Taxes | -5.36 | 3.67 | -246.05% | -2.66 | -101.5% |
Net income | -2.8 | 1.69 | -265.68% | -1.67 | -67.66% |
Diluted Normalized EPS | -1.62 | 0.98 | -265.31% | -0.95 | -70.53% |
Frequently Asked Questions
Question: What is the Q2 FY24 profit/loss by company?
Answer: ₹-2.8Cr
Question: What is Q2 FY24 revenue?
Answer: ₹ 90.78Cr
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Updated: 19 Nov 2023, 03:23 IST