Aditya Birla Real Estate declared its Q2 results on October 22, 2024, reporting a topline growth of 2.22% compared to the previous year, with profits reaching ₹2.58 crore. This represents a significant turnaround from the ₹30.44 crore loss recorded in the same period last year, highlighting a marked improvement in the company’s financial health.
However, revenue for the quarter showed a 1.89% decline compared to the previous quarter, indicating some quarterly volatility despite the year-over-year growth. Selling, General & Administrative expenses rose by 13.55% quarter-on-quarter, but decreased by 18.72% year-on-year, reflecting a mixed performance in terms of operational efficiency.
Operating income dropped by 36.59% from the previous quarter but increased by a massive 229.72% year-on-year, demonstrating a strong recovery compared to the previous year. Earnings per share (EPS) for Q2 stood at ₹1.09, marking a notable 139.48% increase year-over-year, showcasing the company’s improving profitability and operational performance.
Aditya Birla Real Estate’s stock performance has been mixed, delivering a -3.14% return in the past week, but an impressive 51.9% return over the last six months and a remarkable 131.74% year-to-date return. The company's market capitalization stands at ₹31,313.4 crore, with its 52-week high and low at ₹3,140 and ₹1,046.45, respectively, reflecting significant stock price volatility over the past year.
As of October 24, 2024, analysts covering the company have issued two 'Buy' ratings and two 'Strong Buy' ratings. The consensus recommendation is a 'Strong Buy,' indicating high confidence in Aditya Birla Real Estate’s future performance.
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