Share the post "Akshar Spintex : Q4 2024 Financial Quarterly Report : YoY Sales Up 28.74 %, QoQ Up 7.44 %"
Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 28.74 % in the past year, substantial increase in net sales/revenue by 7.44 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -4.05 %, Marginal increase in other income during this quarter, up by 33.96%.
- Profit over the Year and quarter: Challenges in sustaining profitability for Akshar Spintex Limited. Profit dropped by -72.17 % Year to Year, Akshar Spintex Limited’s profitability increased by 37.5 % in this quarter.
- EPS over the Year and quarter: EPS declined by -97.83 % Year to Year. EPS increased by 0 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 37.389 Cr | Rs. 44.803 Cr | Rs. 48.135 Cr | + 7.44 % | + 28.74 % |
| Expenses | Rs. 34.98 Cr | Rs. 42.99 Cr | Rs. 45.8 Cr | + 6.54 % | + 30.93 % |
| Operating Profit | Rs. 2.41 Cr | Rs. 1.81 Cr | Rs. 2.34 Cr | + 29.28 % | -2.9 % |
| OPM % | 6.45 % | 4.04 % | 4.86 % | + 0.82 % | -1.59 % |
| Other Income | Rs. 0.74 Cr | Rs. 0.53 Cr | Rs. 0.71 Cr | + 33.96 % | -4.05 % |
| Interest | Rs. 0.4 Cr | Rs. 0.29 Cr | Rs. 0.39 Cr | + 34.48 % | -2.5 % |
| Depreciation | Rs. 1.07 Cr | Rs. 1.07 Cr | Rs. 1.12 Cr | + 4.67 % | + 4.67 % |
| Profit before tax | Rs. 1.68 Cr | Rs. 0.98 Cr | Rs. 1.54 Cr | + 57.14 % | -8.33 % |
| Tax % | 104.03 % | 28.32 % | 37.12 % | + 8.8 % | -66.91 % |
| Net Profit | Rs. 3.44 Cr | Rs. 0.7 Cr | Rs. 0.96 Cr | + 37.14 % | -72.09 % |
| EPS in Rs | Rs. 1.38 | Rs. 0.03 | Rs. 0.03 | + 0 % | -97.83 % |
Today, we’re looking at Akshar Spintex 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 28.74 %. However, it did see a marginal increase of 7.44 % from the previous quarter. Expenses ticked up slightly by 6.54 % quarter-on-quarter, aligning with the annual rise of 30.93 %. Operating profit, while down -2.9 % compared to last year, faced a quarter-on-quarter increase of 29.28 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -1.59 %, but an expansion of 0.82 % sequentially. Other income rose by 33.96 % compared to the last quarter, despite an annual decline of -4.05 %. Interest expenses surged remarkably by 34.48 % from the previous quarter, yet the year-over-year decrease remains at a moderate -2.5 %. Depreciation costs climbed by 4.67 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 4.67 %. Profit before tax declined annually by -8.33 % but saw an increase from the preceding quarter by 57.14 %.
Tax expenses as a percentage of profits decreased slightly by -66.91 % compared to last year, with a more notable quarter-on-quarter increase of 8.8 %. Net profit fell by -72.09 % year-on-year but experienced a 37.14 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -97.83 % but a quarterly rise of 0 %. In summary, Akshar Spintex 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. 37.389 Cr | Rs. 44.803 Cr | Rs. 48.135 Cr | + 7.44 % | + 28.74 % |
| Expenses | Rs. 34.98 Cr | Rs. 42.99 Cr | Rs. 45.8 Cr | + 6.54 % | + 30.93 % |
| Operating Profit | Rs. 2.41 Cr | Rs. 1.81 Cr | Rs. 2.34 Cr | + 29.28 % | -2.9 % |
| Net Profit | Rs. 3.44 Cr | Rs. 0.7 Cr | Rs. 0.96 Cr | + 37.14 % | -72.09 % |
| EPS in Rs | Rs. 1.38 | Rs. 0.03 | Rs. 0.03 | + 0 % | -97.83 % |
In reviewing Akshar Spintex Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 28.74 % year-on-year growth, however, there was a minor increase of 7.44 % from the previous quarter. Expenses rose by 30.93 % compared to the previous year, with a 6.54 % increase quarter-on-quarter. Operating Profit dropped by -2.9 % annually, and saw a 29.28 % increase from the last quarter.
Net Profit showed yearly decrease of -72.09 %, and experienced a 37.14 % increase from the previous quarter. Earnings Per Share (EPS) fell by -97.83 % annually, however rose by 0 % compared to the last quarter. In essence, while Akshar Spintex Limited faces strong annual decline 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.
