Clean Science & Technology Q2 Results Live : Clean Science & Technology declared their Q2 results on 07 Nov, 2024, reporting a significant topline increase of 31.48% year-over-year, alongside a profit rise of 12.57%. However, when compared to the previous quarter, revenue grew modestly by 6.3%, while profit saw a notable decline of 10.9%.
The financial report revealed that Selling, General & Administrative expenses rose by 9.54% quarter-over-quarter and increased by 19.76% year-over-year, indicating a rise in operational costs that could impact future profitability.
Despite the challenges, the operating income reported a decrease of 8.5% compared to the previous quarter but showed an increase of 13.3% year-over-year, suggesting a mixed performance in operational efficiency.
Earnings per share (EPS) stood at ₹5.53 for Q2, marking a 12.63% increase from the same period last year, a positive sign for investors amidst the fluctuating profit margins.
In terms of stock performance, Clean Science & Technology has delivered a -2.82% return in the last week, a robust 14.95% return over the past six months, but a disappointing -4.23% year-to-date return, raising concerns among investors.
As of now, the company boasts a market capitalization of ₹15,763.55 crore, with a 52-week high of ₹1,690 and a low of ₹1,243, reflecting the volatility in its stock price over the past year.
Analyst sentiment is varied, with out of 11 analysts covering the company, 1 has issued a Strong Sell rating, 4 have given Hold ratings, 3 have recommended Buy, and another 3 have suggested Strong Buy ratings. The consensus recommendation as of 08 Nov, 2024, leans towards a Buy.
Clean Science & Technology Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 238.13 | 224.01 | +6.3% | 181.12 | +31.48% |
| Selling/ General/ Admin Expenses Total | 14.22 | 12.98 | +9.54% | 11.87 | +19.76% |
| Depreciation/ Amortization | 17.5 | 15.78 | +10.91% | 11.13 | +57.29% |
| Total Operating Expense | 165.95 | 145.13 | +14.35% | 117.41 | +41.35% |
| Operating Income | 72.18 | 78.88 | -8.5% | 63.7 | +13.3% |
| Net Income Before Taxes | 83.2 | 88.7 | -6.2% | 69.46 | +19.79% |
| Net Income | 58.75 | 65.93 | -10.9% | 52.19 | +12.57% |
| Diluted Normalized EPS | 5.53 | 6.2 | -10.81% | 4.91 | +12.63% |
