Atul Ltd’s Revenue And Profit Decline YoY In Q2FY24
Atul Ltd released its financial results for the second quarter of fiscal year 2024 on October 20, 2023. The company experienced a 19.74% year-on-year decrease in its total revenue, with a YoY profit decline of 40.15%. In comparison to the previous quarter, the company’s revenue saw a modest growth of 0.99%, while profit declined by 12.61%.
The operating income also faced challenges, showing a significant 22.35% decrease quarter-on-quarter and a substantial 40.89% drop year-on-year. The Earnings Per Share (EPS) for the second quarter of FY24 stood at Rs 30.6, marking a YoY decrease of 40.13%.
Investors observed that Atul’s performance in the last week resulted in a negative return of -2.49%. Over the past six months, the company delivered a negative return of -2.63%, and its year-to-date (YTD) return is at a challenging -17.99%.
Atul currently holds a market capitalization of Rs 19,986.86 crore with a 52-week trading range between Rs 8,947.85 (high) and Rs 6,466.75 (low).
