Ushdev International, a leading company, announced their Q2 FY24 results on 21 Nov, 2023. The company reported a significant increase in revenue, with a growth of 24.85% compared to the same period last year. In addition, the company managed to reduce its losses by an impressive 86.61% YoY.
When compared to the previous quarter, Ushdev International experienced a substantial increase in revenue, with a growth of 103.18%. However, the company also saw an increase in losses by 290.21% during the same period.
One of the key factors contributing to the improved financial performance of Ushdev International was the decline in Selling, General, and Administrative (SG&A) expenses. These expenses decreased by 34.56% compared to the previous quarter and by 45.06% YoY.
The operating income of Ushdev International witnessed a decline of 179.12% q-o-q, but showed an increase of 77.72% YoY.
Furthermore, the company’s earnings per share (EPS) for Q2 FY24 stood at ₹-0.07, reflecting a significant increase of 87.16% YoY.
In terms of market performance, Ushdev International has delivered positive returns in the last 1 week, with a return of 4.08%. Over the past 6 months, the company has achieved a return of 47.12%. However, the year-to-date (YTD) return stands at -17.3%.
Ushdev International currently has a market capitalization of ₹51.79 Cr. The company’s 52-week high and low prices were recorded at ₹2.58 and ₹0.94 respectively.
| Period | Q2 FY24 | Q1 FY24 | Q-o-Q Growth | Q2 FY23 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 7.93 | 3.9 | +103.18% | 6.35 | +24.85% |
| Selling/ General/ Admin Expenses Total | 0.2 | 0.3 | -34.56% | 0.36 | -45.06% |
| Depreciation/ Amortization | 1.8 | 1.78 | +1.1% | 1.79 | +0.13% |
| Total Operating Expense | 12.12 | 5.4 | +124.28% | 25.16 | -51.83% |
| Operating Income | -4.19 | -1.5 | -179.12% | -18.81 | +77.72% |
| Net Income Before Taxes | -2.47 | -0.63 | -290.21% | -18.45 | +86.61% |
| Net Income | -2.47 | -0.63 | -290.21% | -18.45 | +86.61% |
| Diluted Normalized EPS | -0.07 | -0.02 | -250% | -0.55 | +87.16% |
FAQs
Question : What is the Q2 FY24 profit/Loss as per company?
Ans : ₹-2.47Cr
Question : What is Q2 FY24 revenue?
Ans : ₹7.93Cr
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Updated: 24 Nov 2023, 02:36 AM IST