Rajoo Engineers Q2 Results Reaches ₹56.81 Crore with 6.12% YoY Growth

Rajoo Engineers Q2 Results: The financial table for Rajoo Engineers shows important numbers for their second quarter (Q2) of 2024. In this period, the company's total revenue was ₹56.81 crore. This is a 6.12% year-over-year (YoY) increase from ₹53.53 crore in the same quarter last year (Q2 2023). When we look at the previous quarter (Q1 2024), Rajoo Engineers saw a quarter-on-quarter (QoQ) growth of 11.67%, up from ₹50.87 crore.

Rajoo Engineers’ selling, general, and administrative expenses rose to ₹5.71 crore, which is 15.23% YoY higher than the ₹4.96 crore from Q2 2023. Compared to the previous quarter, these expenses increased by 12.32% QoQ. The operating income for Q2 2024 was ₹8.10 crore, marking a 28.19% YoY increase from ₹6.32 crore in Q2 2023. Compared to the previous quarter, this represents a 32.18% QoQ increase from ₹6.12 crore in Q1 2024.

Rajoo Engineers net income grew to ₹7.93 crore, which is a 47.92% YoY increase compared to ₹5.36 crore in Q2 2023. This also reflects a 44.9% QoQ increase from ₹5.47 crore in the previous quarter. Overall, these numbers indicate strong growth for Rajoo Engineers over the past year.

Rajoo Engineers announced their Q2 financial results on October 14, 2024, showing a strong performance with significant profit growth.

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Rajoo Engineers Q2 Results 

Rajoo Engineers' financial results of Rajoo Engineers for the quarter and half year ending on September 30, 2024, show an overall positive performance compared to the previous quarter and the same period last year. The company's Revenue from Operations for the second quarter of 2024 was ₹5680.92 lakhs, an improvement from ₹5353.15 lakhs in the same quarter in 2023, and higher than the ₹5087.42 lakhs recorded in the first quarter of 2024. The Total Income increased to ₹5822.45 lakhs, mainly due to higher revenue and other income.

Rajoo Engineers’ Expenses, like Cost of Materials Consumed, were significantly lower at ₹2408.60 lakhs compared to ₹3871.29 lakhs in 2023, helping improve profitability. Employee Benefits Expense also rose slightly to ₹571.26 lakhs in the second quarter. Overall, the Total Expenses for the second quarter were ₹4887.03 lakhs, showing a controlled cost structure.

Rajoo Engineers’s Profit Before Tax reached ₹935.43 lakhs, a growth from ₹708.34 lakhs in 2023. The Net Profit for the second quarter was ₹723.65 lakhs, higher than ₹529.22 lakhs in the same quarter last year. Earnings Per Share (EPS) also increased to ₹0.64 in the quarter, reflecting improved profitability. The company’s Total Comprehensive Income for the period was ₹793.26 lakhs, marking a positive financial performance during this period.

Here's the financial data in table format:

Rajoo Engineers Financial Performance 

Rajoo Engineers is a company with a market capitalization of ₹4,723 crore, meaning the total value of its shares is ₹4,723 crore. The current price of each share is ₹384, with its highest price in the past year being ₹444 and the lowest being ₹48.8. The stock's P/E ratio is 192, meaning investors pay 192 times the company’s earnings per share. 

Here’s the information you provided in a table format:

Quarterly Results 

The financial data for Rajoo Engineers from March 2024 to September 2024 shows steady growth. In March 2024, the company had sales of Rs 52.68 crores, which increased to Rs 56.81 crores by September 2024. Although expenses also increased from Rs 43.72 crores to Rs 47.67 crores, the operating profit remained strong, rising from Rs 8.96 crores in March to Rs 9.14 crores by September. The profit margin (OPM%) stayed healthy, ranging from 14% to 17%. 

Here’s the transposed table with only the data for March 2024, June 2024, and September 2024:

About Rajoo Engineers 

Rajoo Engineers is a well-known company that specializes in flexible packaging solutions. Established in India, Rajoo provides advanced technology for making various types of packaging films. Their products are used in many areas, such as food packaging, medical supplies, and industrial materials. Rajoo Engineers focuses on creating high-quality films that have strong mechanical properties, meaning they are durable and can protect the items inside them well.

Rajoo Engineers is also dedicated to improving the shelf life of products, ensuring they stay fresh for longer. They offer customization options, allowing clients to choose specific features that meet their needs. With a commitment to innovation and efficiency, Rajoo Engineers uses modern technology to produce packaging solutions that help businesses operate smoothly. Their goal is to provide reliable, effective packaging that contributes to a sustainable future while supporting various industries around the world.