Selan Exploration Technology Q2 Results Live : Selan Exploration Technology declared their Q2 results on 29 Oct, 2024, showcasing an impressive financial performance. The company’s topline surged by 75.86% year-over-year, while profit soared by an astounding 126.75%. This marks a significant milestone for the company as it continues to expand its operations in the exploration sector.
In comparison to the previous quarter, Selan reported an 8.6% growth in revenue and a 17.43% increase in profit. These results indicate a consistent upward trajectory for the company amidst a competitive market environment.
However, the Selling, General & Administrative expenses saw a slight rise of 1.18% quarter-over-quarter, and a substantial increase of 77.85% year-over-year. This will be a point of concern as the company scales its operations.
The operating income showcased a robust growth of 17.04% quarter-over-quarter and an impressive 164.53% year-over-year, further solidifying the company’s financial health and operational efficiency.
Earnings per Share (EPS) for the quarter stood at ₹13.94, reflecting an increase of 124.84% year-over-year. This strong EPS growth indicates enhanced shareholder value and profitability.
In the last week, Selan Exploration Technology has delivered a return of 5.33%, while in the last six months, the return has been an impressive 32.03%. Year-to-date, the company has seen a remarkable return of 69.99%, highlighting the confidence investors have in its growth potential.
Currently, Selan Exploration Technology has a market capitalization of ₹1273.23 Crores, with a 52-week high of ₹1078.25 and a low of ₹403.55. These figures reflect the company’s resilience and strong market positioning in the exploration technology sector.
Selan Exploration Technology Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 68.92 | 63.46 | +8.6% | 39.19 | +75.86% |
| Selling/ General/ Admin Expenses Total | 5.14 | 5.08 | +1.18% | 2.89 | +77.85% |
| Depreciation/ Amortization | 1.13 | 1.04 | +8.65% | 0.8 | +41.25% |
| Total Operating Expense | 42.89 | 41.22 | +4.05% | 29.35 | +46.13% |
| Operating Income | 26.03 | 22.24 | +17.04% | 9.84 | +164.53% |
| Net Income Before Taxes | 28.32 | 24.44 | +15.88% | 12.67 | +123.52% |
| Net Income | 21.36 | 18.19 | +17.43% | 9.42 | +126.75% |
| Diluted Normalized EPS | 13.94 | 11.97 | +16.46% | 6.2 | +124.84% |
