KIOCL Q2 results, revenue fell by 89%, shares plunges by 2.24%
The company's Earnings Per Share (EPS) for Q2 was reported at Rs -1.14, reflecting a decrease of 225.71% year-over-year, further emphasizing the financial struggles faced by KIOCL.
KIOCL Q2 results, revenue fell by 89%, shares plunges by 2.24%
Iron-ore Company, KIOCL declared their Q2 results with a stiff decline in revenue and a significant increase in losses. The company reported a topline decrease of 96.26% year-over-year, while losses surged by 223.56%, raising concerns among investors. KIOCL's revenue fell by 89.05%, and losses increased by 36.46%, as compared to the previous year's results.
The company's Earnings Per Share (EPS) for Q2 was reported at Rs -1.14, reflecting a decrease of 225.71% year-over-year, further emphasizing the financial struggles faced by KIOCL.
The operating income also took a hit, down 35.52% from the previous quarter and a staggering 192.02% year-over-year.
The stock performance has also degraded, with a return of just 0.66% over the past week, a decline of 21.37% over the last six months, and a year-to-date return of -8.54%. This trend is likely to raise eyebrows among shareholders and potential investors.
Read Also : Sanjay Lohiya assumed the charge as New CMD of NALCOCurrently, KIOCL boasts a market capitalization of Rs 20,462.98 Crores, with a 52-week high of Rs 577.35 and a low of Rs 302.80.
Read Also : BSE & NSE conducts muhurat trading on occasion of DiwaliNews Must Read
- Sanjay Lohiya assumed the charge as New CMD of NALCO
- Power consumption in October rises marginally to 140.4 bn units
- UPI transactions reaches 16.58 bn transactions worth Rs 23.5 trn in October
- Coal India shares in focus, dividend 2024 record date announced for Rs 15.75 per equity share
- Praveena Rai joins as MD, CEO of Commodity Exchange MCX
- Engineers India signs MoU with Petroleum Ministry
- NALCO CMD Sridhar Patra Retires
- POWERGRID Unchahar Transmission Limited Announces Board Changes
- Delhi Metro Adjusts Last Train Timings for Diwali
- Bharat Electronics pays Rs.299.03 Crore Final Dividend to Govt