DCM Shriram Second Quarter Results Live: DCM Shriram announced its second quarter results on October 30, 2024, demonstrating a significant increase in profitability. The company recorded a remarkable 95.16% year-on-year increase in profit, along with a 10.79% increase in revenue compared to the same quarter last year.

However, if we evaluate the performance compared to the previous quarter, the revenue saw a modest growth of 1.86%, while the profit saw a substantial decline of 37.27%. This signals potential difficulties in maintaining momentum despite annual growth.

Selling, general and administrative expenses increased 8.72% quarter-over-quarter, with a slight increase of 0.03% year-over-year. This increase in expenses could impact future profitability if not managed effectively.

Interestingly, operating profit showed contrasting trends, down 50.27% from the previous quarter but up an impressive 100.25% year-over-year. This suggests an unstable operating environment that could be indicative of external pressures or internal changes.

Earnings per share (EPS) for the second quarter amounted to ₹4.04, reflecting a year-over-year increase of 95.17%, which could be a positive indicator for investors looking for long-term growth potential.

In terms of stock performance, DCM Shriram returned -1.05% last week. However, the company has shown resilience with a return of 8.23% over the past six months and a modest return of 1.65% year-to-date.

Currently, DCM Shriram enjoys a market capitalization of ₹16,184.29 Crore, with a 52-week high of ₹1210 and a minimum of ₹832.4, indicating a range of investor sentiments throughout the year.