Brightcom Group Q2 Results Live : Brightcom Group Q2 Results Live: Brightcom Group declared their Q2 results on 20 Aug, 2024. The topline increased by 7.79% & the profit increased by 9.82% YoY. As compared to the previous quarter, the revenue grew by 7.33% and the profit increased by 9.55%.
The Selling, general & administrative expenses rose by 2.4% quarter-on-quarter and increased by 8.7% year-on-year. This increase in expenses indicates a strategic investment in operational capabilities, which could potentially drive future growth.
The operating income was up by 8.63% quarter-on-quarter and increased by 8.22% year-on-year, reflecting effective cost management and revenue growth. This marks a steady improvement in the company’s core business operations.
The Earnings Per Share (EPS) for Q2 is 1.74, which marks an increase of 9.43% year-on-year. This growth in EPS indicates enhanced profitability and value creation for the shareholders.
Brightcom Group has delivered a 5% return in the last 1 week. However, the company has seen a -58% return in the last 6 months and a -60.93% Year-To-Date (YTD) return, reflecting volatility in its stock performance over the longer term.
Currently, Brightcom Group has a market cap of 1526 Cr with a 52-week high of 23.1 and a 52-week low of 6.8. The company’s market performance highlights the challenges it faces in maintaining investor confidence amid fluctuating returns.
Brightcom Group Financials
| Period | Q2 | Q1 | QoQ Growth | Q2 | YoY Growth |
|---|---|---|---|---|---|
| Total Revenue | 1814.14 | 1690.32 | +7.33% | 1683.07 | +7.79% |
| Selling/ General/ Admin Expenses Total | 97.14 | 94.86 | +2.4% | 89.36 | +8.7% |
| Depreciation/ Amortisation | 66.52 | 72.27 | -7.95% | 62.23 | +6.89% |
| Total Operating Expense | 1329.91 | 1244.56 | +6.86% | 1235.63 | +7.63% |
| Operating Income | 484.23 | 445.76 | +8.63% | 447.44 | +8.22% |
| Net Income Before Taxes | 483.3 | 445.82 | +8.41% | 444.7 | +8.68% |
| Net Income | 352.17 | 321.48 | +9.55% | 320.68 | +9.82% |
| Normalized Diluted EPS | 1.74 | 1.59 | +9.43% | 1.59 | +9.43% |
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