The second quarter of 2024 has seen significant growth across various Indian companies, particularly in the sectors of finance, manufacturing, and technology. In this article, we delve into the financial performance of 21 prominent Indian companies, analyzing their Sales, EBIT (Earnings Before Interest and Tax), Net Profit, and EPS (Earnings Per Share). The review is based on Quarter-on-Quarter (QoQ) and Year-on-Year (YoY) comparisons to provide a clear picture of the growth trends, sector-wise performance, and overall financial health of these companies.

Raghav Products

Raghav Products has demonstrated strong performance in Q2 2024 with its sales reaching ₹49.1 Cr, marking a 10% QoQ growth and an impressive 51% YoY increase. The company’s EBIT rose by 2% QoQ to ₹12.6 Cr, reflecting its efficient cost management and operational performance. Net Profit grew to ₹8.75 Cr, a 6% QoQ increase, while the EPS stood at ₹3.81, registering a 6% QoQ rise. This growth trajectory suggests a healthy and expanding business, supported by robust market demand.

Indostar Capital

Indostar Capital’s financial performance in Q2 2024 has been noteworthy, with Sales increasing by 13% QoQ to ₹345 Cr. The company also reported an EBIT of ₹206 Cr, a 14% QoQ rise, showing solid profit margins. Additionally, its Net Profit saw a significant jump of 27% QoQ, reaching ₹31.7 Cr. The EPS for Indostar increased by 27% QoQ to ₹2.33, reflecting steady growth and positive investor sentiment. This performance highlights Indostar’s strong presence in its sector, benefiting from improved operations and cost efficiencies.

Amal

Amal has posted stellar numbers this quarter, with Sales surging by 47% QoQ to ₹30.1 Cr and EBIT growing by a remarkable 202% QoQ to ₹9.34 Cr. The company’s Net Profit skyrocketed by 1129% QoQ to ₹5.53 Cr, showcasing the company's ability to convert revenues into significant profit. Similarly, EPS saw an astonishing 1142% QoQ increase to ₹4.47. These figures reflect an exceptional turnaround and a well-executed growth strategy.

Ksolves India

Ksolves India has shown steady growth with Sales increasing by 10% QoQ to ₹35 Cr, while its EBIT grew by 10% QoQ to ₹13 Cr, reflecting consistent operational performance. Net Profit rose slightly by 3% QoQ to ₹9 Cr, with a corresponding EPS growth of 3% QoQ to ₹7.78. This stable performance showcases the company's ability to maintain profitability while managing operational costs effectively.

Sarveshwar Foods

Sarveshwar Foods has seen a significant boost in its Q2 2024 performance, with Sales growing by 16% QoQ to ₹271 Cr and EBIT surging by 56% QoQ to ₹21 Cr. The company’s Net Profit has witnessed a remarkable 163% QoQ increase to ₹8 Cr, and EPS has jumped by 167% QoQ to ₹0.08. These numbers underline Sarveshwar Foods' strong operational efficiency and growth potential in the food sector.

India Motor Part

India Motor Part's financial performance took a slight hit in Q2 2024, with Sales declining by 3% QoQ to ₹187 Cr. Similarly, EBIT dropped by 1% QoQ to ₹14 Cr. Despite this, the company managed to maintain its Net Profit at ₹22 Cr, up 9% YoY, while the EPS increased marginally to ₹17.92. Although the company faced some challenges this quarter, its profitability remains strong, indicating resilience in a competitive market.

GNA Axles

GNA Axles saw a slight decline in performance this quarter, with Sales decreasing by 3% QoQ to ₹388 Cr and EBIT remaining stable at ₹53 Cr. However, the Net Profit improved by 3% QoQ to ₹29 Cr, while the EPS rose to ₹6.65, up by 3% QoQ. This slight dip in revenue was offset by cost management, leading to improved profitability.

Jio Financial

Jio Financial posted impressive Q2 2024 results with Sales growing by 66% QoQ to ₹694 Cr. The company’s EBIT rose by 61% QoQ to ₹553 Cr, demonstrating a strong operational performance. Additionally, Net Profit surged by 120% QoQ to ₹689 Cr, with an EPS of ₹1.08, up by 120% QoQ. This exceptional growth can be attributed to Jio Financial’s expanding market presence and efficient cost management.

Mastek

Mastek recorded solid growth in Q2 2024, with Sales increasing by 7% QoQ to ₹867 Cr. The company’s EBIT rose by 16% QoQ to ₹143 Cr, while Net Profit surged by 80% QoQ to ₹129 Cr. The EPS also saw a substantial jump of 80% QoQ to ₹41.68, reflecting the company’s ability to enhance profitability while driving revenue growth.

Tata Consumer

Tata Consumer's Q2 2024 results showed a slight decline, with Sales decreasing by 3% QoQ to ₹4,214 Cr and EBIT dropping by 6% QoQ to ₹626 Cr. Despite the decline in revenues, the company’s Net Profit increased by 27% QoQ to ₹367 Cr, with an EPS of ₹3.68, up by 26% QoQ. This performance indicates strong profitability despite lower sales, likely driven by cost-saving measures.

Oberoi Realty

Oberoi Realty posted mixed results, with Sales falling by 6% QoQ to ₹1,320 Cr, while EBIT remained stable at ₹814 Cr. Net Profit rose slightly by 1% QoQ to ₹589 Cr, and the EPS grew by 1% QoQ to ₹16.21. Despite a drop in sales, the company's profitability has remained largely unaffected, showcasing its ability to manage margins effectively.

Elecon Engineering

Elecon Engineering delivered robust Q2 2024 results with Sales growing by 30% QoQ to ₹508 Cr and EBIT rising by 21% QoQ to ₹112 Cr. Net Profit increased by 19% QoQ to ₹88 Cr, while the EPS rose by 20% QoQ to ₹3.91. This performance highlights the company’s strong operational capabilities and growth potential in the engineering sector.

Jindal Saw

Jindal Saw reported strong Q2 2024 performance, with Sales increasing by 13% QoQ to ₹5,572 Cr. The company’s EBIT rose by 9% QoQ to ₹914 Cr, and Net Profit grew by 14% QoQ to ₹475 Cr. The EPS also saw a 14% QoQ increase to ₹7.81. These figures reflect the company’s ability to maintain growth momentum and capitalize on market demand.

Zee Entertainment

Zee Entertainment’s Q2 2024 performance showed a decline in sales, with Sales decreasing by 6% QoQ to ₹2,001 Cr. EBIT also dropped by 20% QoQ to ₹323 Cr, but Net Profit saw a 77% QoQ increase to ₹209 Cr, while the EPS rose by 77% QoQ to ₹2.18. Despite the drop in revenue, the company has managed to increase profitability through cost control and operational efficiencies.

Tejas Networks

Tejas Networks delivered exceptional Q2 2024 results, with Sales surging by 80% QoQ to ₹2,811 Cr and EBIT growing by 133% QoQ to ₹535 Cr. The company’s Net Profit skyrocketed by 255% QoQ to ₹275 Cr, while EPS grew by 255% QoQ to ₹16.07. This extraordinary performance reflects the company’s ability to scale its operations and capitalize on market opportunities.

The rest of the companies in this list have also shown strong financial performance in Q2 2024, with each one contributing to the overall growth of their respective sectors.

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