Business Business:Casesolves India to announce its Q2 results on October 18, 2024Results Declareedwhich showed a strong financial performance. The company's topline revenue grew by 34.01% year-on-year, while profit also grew by an impressive 11.66% during the same period.Compared to the previous quarter, Casesolves India reported revenue growth of 10.3% and profit growth of 2.66%. This steady growth trajectory indicates strong operational capabilities and market demand for the company's offerings.
However, selling, general and administrative (SG&A) expenses saw a significant increase, rising 7.89% quarter-on-quarter and 31.98% year-on-year. The company will need to keep a close eye on these expenses to ensure profitability remains strong. Operating income also saw positive momentum, growing 7.32% quarter-on-quarter and 13.81% year-on-year, further reflecting the company's operating efficiency.
Earnings per share (EPS) for the second quarter stood at ₹7.75, marking a growth of 11.67% year-on-year. This strong performance in EPS is a positive indicator for investors looking for sustainable growth. To reward shareholders, Casesolves India declared an interim dividend of ₹8.0. The record date for this dividend has been set as October 28, 2024, while the ex-dividend date is also October 28, 2024.
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