TT Q2 results live: Profit rises 432.68% YoY

TT Q2 results live: TT announced its Q2 results on October 24, 2024, showing a significant year-on-year increase in revenue of 12.81%, coupled with an impressive profit increase of 432.68%. These results highlight the company’s robust performance compared to the same period last year.

However, comparing quarterly performance as compared to the previous quarter, revenue registered a growth of 32.32% while profit registered a drastic decline of 92.74%. This contrast points to potential challenges that TT faced in the most recent quarter.

In terms of expenses, TT managed to reduce its selling, general and administrative expenses by 4.54% quarter-on-quarter and 7.84% year-on-year, suggesting it is focusing on cost efficiency amid fluctuating profits.

TT’s operating income also reflected a decline, falling 79.64% quarter-on-quarter and 34.79% year-on-year. This decline raises questions about the company’s operational effectiveness in the most recent quarter.

Earnings per share (EPS) for the second quarter were ₹0.23, a significant increase of 475% year-on-year, which is a positive indicator for shareholders despite the mixed results.

TT has delivered remarkable returns for investors, returning 10.32% in the last week, 12.82% in the last six months, and an impressive 26.74% year-to-date. This performance could attract both existing and potential investors looking for growth opportunities.

TT currently has a market capitalization of ₹272.75 Crores, with a 52-week high of ₹134.67 and a low of ₹89.55, reflecting the stock’s volatility and potential for future growth.