BF Investment, a leading financial company, announced their Q2 FY24 results on 10 Nov, 2023. The company reported a 6.81% year-on-year increase in revenue, reaching a total of ₹[revenue]. This growth in revenue can be attributed to [reasons]. Additionally, the company’s profit also saw a significant rise of 35% year-on-year, amounting to ₹[profit]. This increase in profit can be attributed to [reasons].
Compared to the previous quarter, BF Investment witnessed a remarkable growth in revenue, with a surge of 150.01%. The profit also increased by 23.05% during the same period. This quarterly growth can be attributed to [reasons].
One of the notable factors contributing to BF Investment’s strong financial performance is the decline in selling, general, and administrative expenses. These expenses decreased by 13.37% quarter-on-quarter and by 24.89% year-on-year, indicating an efficient cost management strategy.
The operating income of BF Investment also witnessed a significant increase. It grew by 23.19% quarter-on-quarter and by 35.3% year-on-year, reflecting the company’s ability to generate higher income from its core operations.
In terms of earnings per share (EPS), BF Investment reported an EPS of ₹18.39 for Q2 FY24, marking a substantial increase of 35.02% year-on-year. This indicates the company’s ability to generate higher profits for its shareholders.
Looking at the company’s stock performance, BF Investment has delivered impressive returns. Over the past 1 week, the company has achieved a return of 2.08%. In the last 6 months, the return stands at 26.39%, and the year-to-date return is an impressive 67.73%.
Currently, BF Investment has a market capitalization of ₹1845.53 Cr. The stock’s 52-week high is ₹567, while the 52-week low is ₹260, indicating the stock’s volatility and potential for growth.
| Period | Q2 FY24 | Q1 FY24 | Q-o-Q Growth | Q2 FY23 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 14.61 | 5.84 | +150.01% | 13.68 | +6.81% |
| Selling/ General/ Admin Expenses Total | 0.17 | 0.2 | -13.37% | 0.23 | -24.89% |
| Depreciation/ Amortization | 0.12 | 0.12 | +2.46% | 0.15 | -14.38% |
| Total Operating Expense | -77.82 | -69.18 | -12.48% | -54.64 | -42.43% |
| Operating Income | 92.43 | 75.03 | +23.19% | 68.31 | +35.3% |
| Net Income Before Taxes | 92.43 | 75.11 | +23.05% | 68.31 | +35.3% |
| Net Income | 69.28 | 56.3 | +23.05% | 51.32 | +35% |
| Diluted Normalized EPS | 18.39 | 14.95 | +23.01% | 13.62 | +35.02% |
FAQs
Question : What is the Q2 FY24 profit/Loss as per company?
Ans : ₹69.28Cr
Question : What is Q2 FY24 revenue?
Ans : ₹14.61Cr
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Updated: 12 Nov 2023, 02:16 AM IST