Andhra Cements Q2 results live: Loss jumps 3459.18% YoY

Andhra Cements Q2 Results Live: Andhra Cements announced its Q2 results on October 23, 2024 and reported a significant decline in performance. The company’s total revenue declined by 15.79% year-on-year while losses dramatically increased by 3459.18%.

Compared to the previous quarter, there was a decline in sales of 13.46%, losses increased by 47.86%. This downward trend is raising concerns among investors about the company’s financial health.

The company’s selling, general and administrative expenses decreased slightly by 4.41% sequentially but increased by 36.84% year-over-year, suggesting rising operating costs that could impact profitability.

Operating profit also suffered a decline of 23.85% QoQ and a staggering 394.32% YoY, highlighting the challenges faced by Andhra Cements in maintaining its operational efficiency.

Earnings per share (EPS) for the second quarter were ₹-3.78, down 217.9% year-on-year, further highlighting the significant financial issues the company is facing.

In terms of market performance, Andhra Cements returned -2.14% in the last week, -3.86% in the last six months and a worrying -21.11% year-to-date, raising concerns among stakeholders .

As per the latest reports, Andhra Cements has a market capitalization of ₹792.22 Crores, with a 52-week high of ₹139.2 and a low of ₹76, indicating significant share price volatility amid these financial challenges.

Financial details of Andhra Cements