Indostar Capital Finance Q2 Results Live : Indostar Capital Finance announced its Q2 results on October 18, 2024, revealing a robust performance with a profit increase of 27.9% year-over-year. The company reported a topline growth of 8.05%, showcasing resilience despite a decline in revenue compared to the previous quarter.
The results indicate a quarterly revenue decline of 13.11%, while profit showed a marginal increase of 27.08% from the previous quarter. This highlights the company’s ability to control costs, as Selling, General & Administrative expenses decreased by 5.28% quarter-over-quarter but rose 24.68% year-over-year.
Operating income, however, faced challenges, declining by 15.78% quarter-over-quarter and down 1.38% year-over-year. This reflects the pressures faced in the current economic environment, although the earnings per share (EPS) rose significantly to ₹2.71, marking a 48.9% increase year-over-year.
In terms of stock performance, Indostar Capital Finance has experienced a -5.12% return over the last week, but a positive trajectory with a 7.49% return in the last six months and an impressive 58.71% year-to-date return. The current market capitalization stands at ₹3621.75 crore, with a 52-week high of ₹343 and a low of ₹157.5.
As of October 19, 2024, the company has received mixed reviews from analysts. Out of two analysts covering the stock, one has issued a ‘Sell’ rating while the other has assigned a ‘Strong Buy’ rating, indicating a divided outlook on the company’s future performance.
Indostar Capital Finance Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 338.48 | 389.55 | -13.11% | 313.27 | +8.05% |
| Selling/ General/ Admin Expenses Total | 81.14 | 85.66 | -5.28% | 65.08 | +24.68% |
| Depreciation/ Amortization | 7.91 | 9.34 | -15.31% | 7.7 | +2.73% |
| Total Operating Expense | 146.44 | 161.53 | -9.34% | 118.55 | +23.53% |
| Operating Income | 192.04 | 228.02 | -15.78% | 194.72 | -1.38% |
| Net Income Before Taxes | 17.86 | 29.73 | -39.93% | 29.69 | -39.85% |
| Net Income | 31.68 | 24.93 | +27.08% | 24.77 | +27.9% |
| Diluted Normalized EPS | 2.71 | 3.24 | -16.13% | 1.82 | +48.9% |