Emerald Finance Q2 Results Live : Emerald Finance declared their Q2 results on 08 Oct, 2024, revealing a mixed performance for the quarter. The company reported a significant decrease in revenue, which fell by 16.94% year-over-year. However, the profit showed a positive trend, increasing by 13.81% compared to the same period last year.
In a quarter-over-quarter comparison, Emerald Finance experienced a notable recovery, with revenue growing by 13.84% and profit increasing by 20.13%. This rebound indicates a potential turnaround in the company’s financial health following the previous quarter’s challenges.
The company’s Selling, General & Administrative (SG&A) expenses rose by 3.05% quarter-over-quarter and increased by 19.51% year-over-year. This rise in expenses may have contributed to the challenges faced in revenue generation, despite the increase in profitability.
Operating income showed a strong performance, up by 20.16% quarter-over-quarter and 14.34% year-over-year. This suggests that Emerald Finance has managed to improve its operational efficiency even in the face of declining revenue.
Earnings per share (EPS) for Q2 stood at ₹0.63, marking a 4.38% increase year-over-year. This slight rise in EPS reflects the company’s ability to enhance profit margins despite the revenue decline.
Emerald Finance Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 5 | 4.39 | +13.84% | 6.02 | -16.94% |
| Selling/ General/ Admin Expenses Total | 0.98 | 0.95 | +3.05% | 0.82 | +19.51% |
| Depreciation/ Amortization | 0 | 0 | -0% | 0 | -0% |
| Total Operating Expense | 2.26 | 2.11 | +7.01% | 3.62 | -37.63% |
| Operating Income | 2.74 | 2.28 | +20.16% | 2.4 | +14.34% |
| Net Income Before Taxes | 2.75 | 2.29 | +20.13% | 2.42 | +13.81% |
| Net Income | 2.06 | 1.71 | +20.13% | 1.81 | +13.81% |
| Diluted Normalized EPS | 0.63 | 0.57 | +10.56% | 0.6 | +4.38% |