Business Business:Pondy Oxides & Chemicals to announce its Q2 results on October 16, 2024Results Declaredwhich showed a strong financial performance. The company recorded topline growth of 45.93% year-on-year, while profits grew by an impressive 168.25%. Compared to the previous quarter, Pondy Oxides & Chemicals experienced revenue growth of 30.15% as well as profit growth of 17.74%. This consistent upward trend reflects the company's effective operating strategies and market position.
Notably, the company saw a decline in selling, general and administrative expenses, which declined by 8.54% quarter-on-quarter and 12.79% year-on-year. This efficiency in cost management has contributed to overall profit growth. Operating income also improved significantly, increasing 27.43% sequentially and 98.92% year-on-year, reflecting strong operating performance and growing demand for the company's products.
Pondy Oxides & Chemicals reported earnings per share (EPS) of ₹5.67 for the second quarter, marking a growth of 16.05% year-on-year, further underscoring the financial health of the company. Despite facing a challenging week with returns of -44.83%, the company has delivered an impressive return of 58.55% in the last six months and a remarkable return of 111.58% year-to-date, indicating its resilience in the market. Currently, the market capitalization of Pondy Oxides & Chemicals is ₹2770.72 Crore, with a 52-week high of ₹2380 and low of ₹382.45, indicating significant volatility but also the potential for growth.
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