Shrydus Industries Q2 Results Total Revenue at ₹2.15 Crore with Improved Operating Income

Shrydus Industries Quarterly Overview

Shrydus Industries Q2 Results: Shrydus Industries’ quarterly results for Q2 show a comparison of financial performance between September 2023 and June 2023. The total revenue for September 2023 was ₹2.15 crore, which is lower compared to ₹2.69 crore in June 2023. This quarter-on-quarter (QoQ) decline indicates that Shrydus earned less revenue this quarter. 

Shrydus Industries’ Selling, General, and Administrative (SG&A) expenses also decreased QoQ, from ₹0.20 crore in June 2023 to ₹0.06 crore in September 2023, which is a good sign as it shows improved cost control. Other operating expenses also dropped from ₹0.04 crore to ₹0.01 crore QoQ. Total operating expenses for this quarter were ₹1.97 crore, down from ₹2.64 crore in June 2023.

Shrydus Industries’ operating income saw a positive QoQ rise from ₹0.05 crore in June to ₹0.18 crore in September. The same trend followed for net income, which also increased to ₹0.18 crore QoQ. The diluted normalized earnings per share (EPS) rose from ₹0.04 to ₹0.15, reflecting better profitability QoQ and YoY if we consider historical data.

Here’s a table summarizing the Q2 results of Shrydus Industries with QoQ comparison percentages missing (represented by "%"):

Source: Here 

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Shrydus Industries Q2 Results

Shrydus Industries released its unaudited financial results for the quarter ending on September 30, 2024. The company reported a revenue of Rs. 350.00 lakhs from its operations, which is a big jump compared to Rs. 101.25 lakhs in the previous quarter (June 2024) and Rs. 215.25 lakhs in the same quarter last year (September 2023). For the half-year ending September 2024, the total revenue was Rs. 451.25 lakhs, which is slightly lower than the Rs. 484.32 lakhs recorded for the same period last year. Despite no other income reported, Shrydus Industries managed to control its expenses, which stood at Rs. 275.55 lakhs for September 2024, lower than Rs. 196.93 lakhs a year ago. This resulted in a significant profit before tax of Rs. 322.05 lakhs for this quarter, compared to just Rs. 29.94 lakhs in June 2024 and Rs. 18.32 lakhs in September 2023.

Shrydus Industries  After accounting for taxes, the net profit for this quarter was Rs. 272.72 lakhs, a substantial improvement from the previous quarters. The company's equity share capital remained stable at Rs. 3,202.26 lakhs. The earnings per share (EPS), a measure of profitability, also improved, with a basic and diluted EPS of Rs. 0.85, up from Rs. 0.04 in June 2024 and Rs. 0.20 in September 2023. Overall, the company had a strong financial performance this quarter.

Based on the provided financial results for the quarter ended 30th September 2024, here’s a simplified breakdown of the key financial information:

(Rs. in Lakhs)

Shrydus Industries Stock Metrics

Shrydus Industries has a market cap of ₹73.6 crore, which shows the total value of all its shares. The current stock price is ₹23.0, meaning that's how much investors are paying for each share right now. Over the past period, the stock reached a high of ₹33.2 and a low of ₹14.2, indicating its price fluctuations. The price-to-earnings (P/E) ratio is 24.0, suggesting the stock might be considered expensive compared to its earnings. It has a book value of ₹14.0 per share, but it does not pay dividends, reflected by a 0.00% dividend yield. 

Here’s the financial data you provided in table format:

Quarterly Results 

Here are the quarterly results for March 2024, June 2024, and September 2024, focusing on the specified particulars:

(Figures in Rs. Crores)

About Shrydus Industries 

Shrydus Industries is a growing company that started a big change in 2019. Under the leadership of Mr. Shrey Parekh, the young and energetic Managing Director, the company is focused on becoming more innovative and successful. Shrydus Industries began with Agricultural Commodities and Healthcare products, but it is now expanding into new areas like Pharmaceuticals and Green Energy. The company is working on exciting projects, including a Pharmaceutical Formulation Plant and Astra Lifecare. To support this growth, Shrydus is strengthening its financial resources to ensure smooth operations and take advantage of new opportunities.

Shrydus Industries aims to be a leader in multiple industries, showing a strong commitment to quality and progress. With a focus on sustainability and innovation, Shrydus Industries is dedicated to making a positive impact in the sectors it serves and is ready for a bright future.