Engineers India Q2 Results Live : Engineers India declared their Q2 results on 29 October 2024, revealing a significant decline in financial performance. The company’s topline revenue decreased by 12.77% year-over-year, while profit fell by 21.83% during the same period.
In contrast to the previous quarter, Engineers India reported a revenue growth of 10.44% and an 8.77% increase in profit. This quarterly performance indicates a recovery from the preceding months, despite the year-over-year declines.
The company also noted a rise in selling, general, and administrative expenses, which increased by 4.11% quarter-over-quarter and 2.91% year-over-year. This uptick in expenses has contributed to the pressure on profitability.
Operating income for Engineers India saw a quarter-over-quarter increase of 28.36%, but it still decreased by a staggering 41.44% year-over-year, highlighting ongoing challenges in maintaining operational efficiency.
Earnings per share (EPS) for Q2 stood at ₹1.77, reflecting a decrease of 22.03% compared to the same quarter last year. This drop in EPS is a critical indicator of the company’s profitability health.
In terms of stock performance, Engineers India has delivered a return of 2.63% over the past week. However, the stock has faced a significant decline of 26.05% over the last six months, although it has managed to achieve a 5.5% return year-to-date.
Currently, Engineers India boasts a market capitalization of ₹10,166.22 crore, with a 52-week high of ₹303.9 and a low of ₹121.8. The stock’s volatility is evident in its wide trading range over the year.
As of 30 October 2024, out of five analysts covering Engineers India, one has given a ‘Sell’ rating, two have rated it as ‘Hold’, and two analysts have assigned a ‘Strong Buy’ rating, indicating mixed sentiments regarding the company’s future prospects.
Engineers India Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 688.94 | 623.83 | +10.44% | 789.81 | -12.77% |
| Selling/ General/ Admin Expenses Total | 251.93 | 241.98 | +4.11% | 244.8 | +2.91% |
| Depreciation/ Amortization | 9.53 | 9.84 | -3.18% | 8.28 | +15.16% |
| Total Operating Expense | 636.09 | 582.66 | +9.17% | 699.56 | -9.07% |
| Operating Income | 52.85 | 41.17 | +28.36% | 90.24 | -41.44% |
| Net Income Before Taxes | 99.08 | 79.26 | +25% | 133.63 | -25.86% |
| Net Income | 99.63 | 91.6 | +8.77% | 127.46 | -21.83% |
| Diluted Normalized EPS | 1.77 | 1.63 | +8.59% | 2.27 | -22.03% |
