Morarka Finance Q2 Results Live : Morarka Finance declared their Q2 results on 15 Oct, 2024, revealing a significant shift in their financial performance. While the topline saw a remarkable increase of 32.11% year-over-year, the company’s profit experienced a decline of 10.03%, raising concerns among investors.
In comparison to the previous quarter, Morarka Finance reported a staggering 46.49% growth in revenue. However, this was overshadowed by a drastic 66.78% decrease in profit, prompting analysts to delve deeper into the underlying factors affecting profitability.
The company’s Selling, General & Administrative expenses remained unchanged on a quarter-over-quarter basis but exhibited a 14.6% increase compared to the previous year. This rise in expenses could be a contributing factor to the profit decline witnessed this quarter.
Operating income also took a hit, down by 35.71% quarter-over-quarter but showing a 33.05% increase year-over-year. This mixed performance reflects the challenges Morarka Finance faces in balancing growth with operational efficiency.
Earnings per share (EPS) stood at ₹1.21 for Q2, marking a decrease of 9.7% year-over-year. This decline in EPS may raise questions about the company’s ability to generate sustainable profits moving forward.
Despite the challenges, Morarka Finance has delivered a 5.63% return in the last week, a robust 15.41% return over the past six months, and an impressive 19.52% return year-to-date, indicating a resilient investor sentiment amidst the fluctuating profit margins.
Currently, Morarka Finance has a market capitalization of ₹72.64 Crore, with a 52-week high of ₹191 and a low of ₹125.25. As the company navigates through this turbulent financial landscape, stakeholders will be keenly watching for strategic moves to bolster profit margins in upcoming quarters.
Morarka Finance Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 1.19 | 0.81 | +46.49% | 0.9 | +32.11% |
| Selling/ General/ Admin Expenses Total | 0.08 | 0.08 | -0% | 0.07 | +14.6% |
| Depreciation/ Amortization | 0 | 0 | -0% | 0 | -0% |
| Total Operating Expense | 0.08 | -0.91 | +108.9% | 0.07 | +20.54% |
| Operating Income | 1.11 | 1.72 | -35.71% | 0.83 | +33.05% |
| Net Income Before Taxes | 1.08 | 1.67 | -35.19% | 0.81 | +32.44% |
| Net Income | 0.54 | 1.64 | -66.78% | 0.61 | -10.03% |
| Diluted Normalized EPS | 1.21 | 3.64 | -66.76% | 1.34 | -9.7% |