EMS Limited’s shares fell close to 2% as investors reacted to the company’s Q2 results for the period ending September 30, 2024. The financial highlights of the report include:
- Q2 Performance:
- Sales: ₹2,334.7 million, up from ₹2,105.21 million in the same period last year.
- Revenue: ₹2,355.03 million, compared to ₹2,181.56 million a year ago.
- Net Income: ₹496.53 million, up from ₹452.82 million year-on-year.
- Earnings per Share (EPS): Basic and diluted EPS both at ₹8.94, down from ₹9.39 last year.
- Six-Month Performance:
- Sales: ₹4,397.48 million, a significant increase from ₹3,484.92 million year-on-year.
- Revenue: ₹4,440.35 million, up from ₹3,572.3 million in the prior year.
- Net Income: ₹867.7 million, up from ₹679.53 million.
- Earnings per Share (EPS): Basic and diluted EPS at ₹15.63, up from ₹14.09 in the previous year.
Despite the revenue and income growth, the slight decline in EPS for the quarter, as well as the stock’s reaction, indicates mixed investor sentiment.
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EMS