Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 88.05 % in the past year, decrease in net sales/revenue by -0.99 %.
- Income over the Year and quarter: There has been either a marginal increase or a decline in other income over the past year which is 590475 %. Marginal increase in other income during this quarter, up by 2362400%.
- Profit over the Year and quarter: Challenges in sustaining profitability for Athena Global Technologies Limited. Profit dropped by -3042.16 % Year to Year, Athena Global Technologies Limited’s profitability dropped by -5339.98 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -3,044.29 % Year to Year. EPS decreased by -6275.28 % in previous quarter. Analysis needed for shareholder value.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 2.084 Cr | Rs. 3.958 Cr | Rs. 3.919 Cr | -0.99 % | + 88.05 % |
Expenses | Rs. 7.96 Cr | Rs. 6.13 Cr | Rs. 15.79 Cr | + 157.59 % | + 98.37 % |
Operating Profit | Rs. -5.88 Cr | Rs. -2.17 Cr | Rs. -11.87 Cr | -447 % | -101.87 % |
OPM % | -282.15 % | -54.83 % | -302.88 % | -248.05 % | -20.73 % |
Other Income | Rs. 0.04 Cr | Rs. -0.01 Cr | Rs. 236.23 Cr | + 2362400 % | + 590475 % |
Interest | Rs. 1.95 Cr | Rs. 3.14 Cr | Rs. 1.73 Cr | -44.9 % | -11.28 % |
Depreciation | Rs. 0.19 Cr | Rs. 0.4 Cr | Rs. 0.57 Cr | + 42.5 % | + 200 % |
Profit before tax | Rs. -7.98 Cr | Rs. -5.72 Cr | Rs. 222.06 Cr | + 3982.17 % | + 2882.71 % |
Tax % | -6.12 % | -26.53 % | 0.66 % | + 27.19 % | + 6.78 % |
Net Profit | Rs. -7.5 Cr | Rs. -4.21 Cr | Rs. 220.6 Cr | + 5339.9 % | + 3041.33 % |
EPS in Rs | Rs. -5.6 | Rs. -2.67 | Rs. 157.24 | + 5989.14 % | + 2907.86 % |
Today, we’re looking at Athena Global Technologies Limited’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 88.05 %. However, it did see a marginal slip of -0.99 % from the previous quarter. Expenses ticked up slightly by 157.59 % quarter-on-quarter, aligning with the annual rise of 98.37 %. Operating profit, while down -101.87 % compared to last year, faced a quarter-on-quarter dip of -447 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -20.73 %, but a shrinkage of -248.05 % sequentially. Other income rose by 2362400 % compared to the last quarter, despite an annual growth of 590475 %. Interest expenses dropped significantly by -44.9 % from the previous quarter, yet the year-over-year decrease remains at a moderate -11.28 %. Depreciation costs climbed by 42.5 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 200 %. Profit before tax grew annually by 2882.71 % but saw an increase from the preceding quarter by 3982.17 %.
Tax expenses as a percentage of profits increased slightly by 6.78 % compared to last year, with a more notable quarter-on-quarter increase of 27.19 %. Net profit rose by 3041.33 % year-on-year but experienced a 5339.9 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 2907.86 % but a quarterly rise of 5989.14 %. In summary, Athena Global Technologies Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 2.084 Cr | Rs. 3.958 Cr | Rs. 3.919 Cr | -0.99 % | + 88.05 % |
Expenses | Rs. 7.96 Cr | Rs. 6.13 Cr | Rs. 15.79 Cr | + 157.59 % | + 98.37 % |
Operating Profit | Rs. -5.88 Cr | Rs. -2.17 Cr | Rs. -11.87 Cr | -447 % | -101.87 % |
Net Profit | Rs. -7.5 Cr | Rs. -4.21 Cr | Rs. 220.6 Cr | + 5339.9 % | + 3041.33 % |
EPS in Rs | Rs. -5.6 | Rs. -2.67 | Rs. 157.24 | + 5989.14 % | + 2907.86 % |
In reviewing Athena Global Technologies Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 88.05 % year-on-year growth, although there was a slight dip of -0.99 % from the previous quarter. Expenses rose by 98.37 % compared to the previous year, with a 157.59 % increase quarter-on-quarter. Operating Profit dropped by -101.87 % annually, and saw a -447 % decrease from the last quarter.
Net Profit showed yearly increase of 3041.33 %, and experienced a 5339.9 % increase from the previous quarter. Earnings Per Share (EPS) rose by 2907.86 % annually, however rose by 5989.14 % compared to the last quarter. In essence, while Athena Global Technologies Limited exhibits strong annual growth indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.