Revenue Performance: Total revenue for Q2 2024 was ₹12,237 million. After a substantial increase of 2.41% over the previous quarter, it highlighted the company's ability to recover sequentially in a challenging market.
Profitability Analysis: Gross profit rose to ₹6,754 million with a gross profit margin increase to 55.2%. The operating income, however, decreased due to increased operating expenses. Net income dropped to ₹198 million, with net profit margin reflecting at 1.6%, declining YoY from 3.0%.
Balance Sheet and Cash Flow: The current ratio stands at 1.191, indicating adequate liquidity to cover short-term obligations, but the quick ratio of 0.582 shows potential liquidity stress. The interest coverage ratio of 1.346 reflects challenges in meeting interest obligations comfortably, suggestive of potential debt management concerns.