Swan Energy's 2024 Q2 Results Show a 39.37% Drop in Profit YOY

Swan Energy's Q2 2024 results reveal a 15.62% YoY decline in revenue and a 39.37% YoY decline in profit, with revenue at ₹1032.19 crore and profit at ₹51.28 crore.

Swan Energy Q2 Results 2024: On November 14, 2024, Swan Energy released its Q2 results for the fiscal year 2024, which showed a sharp drop in both sales and earnings. Profits fell 39.37% to ₹51.28 crore, while the company's topline fell 15.62% year over year to ₹1032.19 crore.

Swan Energy saw a startling drop in profit of 63.09% and a drop in revenue of 9.59% from the previous quarter. Investors are now worried about the company's operational effectiveness and the state of the market as a result of this downturn.

Additionally, the company's selling, general, and administrative expenses increased by 40.08% year over year and by 3.34% quarter over quarter. One of the main causes of the overall drop in profitability is this increase in costs.

The company's operating income also experienced a sharp drop, falling 74.04% from quarter to quarter and 60.09% from year to year, reflecting a difficult economic climate.

Q2 earnings per share (EPS) were ₹2.28, which was 65.92% less than the same period the previous year. Swan Energy's financial difficulties are further highlighted by this decline in EPS.

Swan Energy has recorded a -4.66% return in the last week, a -12.28% return over the last six months, and a meager -0.01% return so far this year. These numbers show a larger pattern of investor apprehension about the company's potential for future expansion.

Currently valued at ₹16,016.08 crore, Swan Energy has experienced a 52-week high of ₹782.25 and a low of ₹413. The company's volatility and uncertainty in the current market environment are highlighted by the notable swings in the share price.