Alkyl Amines Chemicals Q2 Results Live : Alkyl Amines Chemicals announced their Q2 results on November 5, 2024, reporting a significant increase in both revenue and profit. The company saw a topline growth of 17.82% year-over-year, while profit surged by an impressive 74.23% compared to the same quarter last year.
However, when compared to the previous quarter, the revenue showed a modest growth of 3.8%, while profit experienced a slight decline of 2.89%. This indicates that while the company is performing well year-over-year, there are some short-term challenges.
The financial report also highlighted an increase in Selling, General & Administrative expenses, which rose by 3.32% quarter-over-quarter and 15.7% year-over-year. This may impact future profitability if the trend continues.
Operating income was reported down by 9.58% compared to the previous quarter but increased substantially by 55.3% year-over-year. The earnings per share (EPS) for Q2 stood at ₹9.27, reflecting a 74.25% increase year-over-year.
In terms of stock performance, Alkyl Amines Chemicals has seen a return of 4.91% in the last week, 6.24% over the past six months, but unfortunately has a year-to-date return of -16.04%.
As of November 6, 2024, the company holds a market capitalization of ₹10,886.86 crore, with a 52-week high of ₹2735 and a low of ₹1808. Analysts are divided in their outlook, with one analyst recommending a Strong Sell, one advising to Hold, and two suggesting a Buy.
The current consensus recommendation is to Hold, indicating a cautious approach from analysts as they assess the company’s performance and market conditions.
Alkyl Amines Chemicals Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 414.89 | 399.69 | +3.8% | 352.15 | +17.82% |
| Selling/ General/ Admin Expenses Total | 26.75 | 25.89 | +3.32% | 23.12 | +15.7% |
| Depreciation/ Amortization | 18.01 | 17.68 | +1.87% | 12.53 | +43.74% |
| Total Operating Expense | 359.37 | 338.29 | +6.23% | 316.4 | +13.58% |
| Operating Income | 55.52 | 61.4 | -9.58% | 35.75 | +55.3% |
| Net Income Before Taxes | 64.33 | 65.91 | -2.4% | 36.43 | +76.59% |
| Net Income | 47.46 | 48.87 | -2.89% | 27.24 | +74.23% |
| Diluted Normalized EPS | 9.27 | 9.55 | -2.93% | 5.32 | +74.25% |
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