SIS Q2 Results Live : SIS declared their Q2 results on 28 Oct, 2024, revealing a topline increase of 6.35% year-over-year. However, profit saw a decline of 8.59% compared to the same period last year. The company reported a revenue growth of 4.44% from the previous quarter, with profit rising by 7.14% sequentially.
A closer look at the financials indicates that Selling, General, and Administrative expenses rose by 4.2% quarter-over-quarter and increased by 7.94% year-over-year. This uptick in expenses likely contributed to the overall decrease in profit despite the revenue growth.
Operating income experienced an increase of 8.57% compared to the previous quarter but showed a slight decline of 1.27% year-over-year. The Earnings Per Share (EPS) for Q2 was reported at ₹4.74, marking a decrease of 7.42% year-over-year.
In terms of stock performance, SIS has struggled recently, delivering a -4.93% return in the last week, -18.5% over the past six months, and a -16.35% return year-to-date. The current market capitalization stands at ₹5478.02 Cr, with a 52-week high of ₹564.55 and a low of ₹378.
As of 29 Oct, 2024, out of the three analysts covering SIS, the ratings are mixed: one analyst has given a Sell rating, another a Buy rating, and one a Strong Buy rating. The consensus recommendation as of the same date suggests a Buy, indicating some optimism among analysts despite the recent challenges.