Automobile Corporation of Goa Q2 Profit Dips 4% YoY; Revenue Up 5.2%

5 Nov 2024 , 09:18 PM

Automobile Corporation of Goa Ltd reported a 4% decline in net profit year-on-year (YoY), reaching ₹7.3 Crore for the second quarter ending September 30, 2024.

During the same period last year, the company’s net profit was ₹7.6 Crore, as disclosed in its regulatory filing.

At the time of closing on November 5, 2024 shares of Automobile Corporation of Goa Ltd. is trading at ₹2285 which is a 7% dip than the previous close. Automobile Corporation of Goa Ltd stock has gained a total of 52% in the last one year, and 61% gain since the beginning of the year.

The company’s revenue from operations grew by 5.2%, reaching ₹129 Crore, compared to ₹122.5 Crore in Q2 of the previous fiscal year.

EBITDA (Earnings Before Interest, Tax, Depreciation, and Amortization) dropped 12% YoY, standing at ₹6 Crore for this quarter, down from ₹6.8 Crore in the previous year’s corresponding quarter. The EBITDA margin for the reported quarter was 4.6%, slightly lower than the 5.5% margin YoY.