Finance

Morarka Finance Q2 Results Live: Profit Falls by 10.03% YOY


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%
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