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Highlights
- Sales over the Year and quarter: The company’s sales declined by -22.54 % over the year, substantial increase in net sales/revenue by 55.06 %.
- 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 506.58 %. Marginal increase in other income during this quarter, up by 423.86%.
- Profit over the Year and quarter: Challenges in sustaining profitability for JK Agri Genetics Limited. Profit dropped by -473.74 % Year to Year, JK Agri Genetics Limited’s profitability increased by 34.22 % in this quarter.
- EPS over the Year and quarter: EPS declined by -473.81 % Year to Year. EPS increased by 34.19 % in previous quarter. Positive impact on shareholders.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 46.154 Cr | Rs. 23.056 Cr | Rs. 35.75 Cr | + 55.06 % | -22.54 % |
Expenses | Rs. 41.52 Cr | Rs. 30.17 Cr | Rs. 50.09 Cr | + 66.03 % | + 20.64 % |
Operating Profit | Rs. 4.63 Cr | Rs. -7.11 Cr | Rs. -14.34 Cr | -101.69 % | -409.72 % |
OPM % | 10.03 % | -30.84 % | -40.11 % | -9.27 % | -50.14 % |
Other Income | Rs. 0.76 Cr | Rs. 0.88 Cr | Rs. 4.61 Cr | + 423.86 % | + 506.58 % |
Interest | Rs. 1.84 Cr | Rs. 2.06 Cr | Rs. 2 Cr | -2.91 % | + 8.7 % |
Depreciation | Rs. 0.38 Cr | Rs. 0.87 Cr | Rs. 0.85 Cr | -2.3 % | + 123.68 % |
Profit before tax | Rs. 3.17 Cr | Rs. -9.16 Cr | Rs. -12.58 Cr | -37.34 % | -496.85 % |
Tax % | 26.36 % | -28.99 % | -30.57 % | -1.58 % | -56.93 % |
Net Profit | Rs. 2.34 Cr | Rs. -6.51 Cr | Rs. -8.74 Cr | -34.25 % | -473.5 % |
EPS in Rs | Rs. 5.04 | Rs. -14.04 | Rs. -18.84 | -34.19 % | -473.81 % |
Today, we’re looking at JK Agri Genetics Limited’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -22.54 %. However, it did see a marginal increase of 55.06 % from the previous quarter. Expenses ticked up slightly by 66.03 % quarter-on-quarter, aligning with the annual rise of 20.64 %. Operating profit, while down -409.72 % compared to last year, faced a quarter-on-quarter dip of -101.69 %, 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 -50.14 %, but a shrinkage of -9.27 % sequentially. Other income rose by 423.86 % compared to the last quarter, despite an annual growth of 506.58 %. Interest expenses dropped significantly by -2.91 % from the previous quarter, yet the year-over-year increase remains at a moderate 8.7 %. Depreciation costs fell by -2.3 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 123.68 %. Profit before tax declined annually by -496.85 % but saw a reduction from the preceding quarter by -37.34 %.
Tax expenses as a percentage of profits decreased slightly by -56.93 % compared to last year, with a more notable quarter-on-quarter decrease of -1.58 %. Net profit fell by -473.5 % year-on-year but witnessed a -34.25 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -473.81 % but a quarterly fall of -34.19 %. In summary, JK Agri Genetics 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. 46.154 Cr | Rs. 23.056 Cr | Rs. 35.75 Cr | + 55.06 % | -22.54 % |
Expenses | Rs. 41.52 Cr | Rs. 30.17 Cr | Rs. 50.09 Cr | + 66.03 % | + 20.64 % |
Operating Profit | Rs. 4.63 Cr | Rs. -7.11 Cr | Rs. -14.34 Cr | -101.69 % | -409.72 % |
Net Profit | Rs. 2.34 Cr | Rs. -6.51 Cr | Rs. -8.74 Cr | -34.25 % | -473.5 % |
EPS in Rs | Rs. 5.04 | Rs. -14.04 | Rs. -18.84 | -34.19 % | -473.81 % |
In reviewing JK Agri Genetics Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -22.54 % year-on-year, however, there was a minor increase of 55.06 % from the previous quarter. Expenses rose by 20.64 % compared to the previous year, with a 66.03 % increase quarter-on-quarter. Operating Profit dropped by -409.72 % annually, and saw a -101.69 % decrease from the last quarter.
Net Profit showed yearly decrease of -473.5 %, and experienced a -34.25 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -473.81 % annually, however dipped by -34.19 % compared to the last quarter. In essence, while JK Agri Genetics 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.