Amara Raja Energy & Mobility Q2 Results Live : Amara Raja Energy & Mobility declared their Q2 results on 04 November 2024, reporting a topline increase of 9.85% year-over-year (YoY) while profit rose by 4.1% YoY. However, compared to the previous quarter, revenue saw a slight decline of 0.38%, and profit decreased by 5.42%.
The company’s selling, general and administrative expenses rose by 3.4% quarter-over-quarter (q-o-q) and surged 22.87% YoY, indicating higher operational costs. Additionally, the operating income was down by 2.97% q-o-q but showed a healthy increase of 6.43% YoY, reflecting improved operational efficiency over the longer term.
Earnings per share (EPS) for Q2 stood at ₹12.87, representing a decrease of 2.87% YoY, which may raise concerns among investors about the company’s short-term profitability despite the annual growth.
In terms of stock performance, Amara Raja Energy & Mobility has shown resilience with a 4% return over the last week, a remarkable 22.47% return over the past six months, and an impressive 68.41% return year-to-date (YTD).
The current market capitalization of Amara Raja Energy & Mobility is ₹25,152.26 crore, with a 52-week high of ₹1,775.95 and a low of ₹622, reflecting significant volatility in the stock’s performance.
As of 05 November 2024, out of 14 analysts covering the company, ratings are mixed: 2 analysts have given a Strong Sell rating, 2 analysts have rated it as Sell, 4 have a Hold rating, 5 analysts have rated it as Buy, and 1 analyst has given a Strong Buy rating. The consensus recommendation as of this date is to Hold.
Amara Raja Energy & Mobility Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 3250.73 | 3263.05 | -0.38% | 2959.34 | +9.85% |
| Selling/ General/ Admin Expenses Total | 208.43 | 201.58 | +3.4% | 169.63 | +22.87% |
| Depreciation/ Amortization | 127.47 | 122.6 | +3.97% | 115.7 | +10.17% |
| Total Operating Expense | 2945.52 | 2948.49 | -0.1% | 2672.57 | +10.21% |
| Operating Income | 305.21 | 314.56 | -2.97% | 286.77 | +6.43% |
| Net Income Before Taxes | 317.07 | 334.71 | -5.27% | 309.8 | +2.35% |
| Net Income | 235.61 | 249.12 | -5.42% | 226.32 | +4.1% |
| Diluted Normalized EPS | 12.87 | 13.61 | -5.44% | 13.25 | -2.87% |