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Artefact Projects : Q4 2024 Financial Quarterly Report : YoY Sales Up 36.03 %, QoQ Up 11.55 %

June 20, 2024June 20, 2024| adminadmin| 0 Comments| 6:15 pm
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Highlights

  • Sales over the Year and quarter: The company experienced a substantial growth of 36.03 % in the past year, substantial increase in net sales/revenue by 11.55 %.
  • 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 27.66 %. Marginal increase in other income during this quarter, up by 10.09%.
  • Profit over the Year and quarter: Challenges in sustaining profitability for Artefact Projects Ltd. Profit dropped by -90.67 % Year to Year, Artefact Projects Ltd’s profitability dropped by -87.95 % Quarter to Quarter.
  • EPS over the Year and quarter: EPS declined by -87.46 % Year to Year. EPS decreased by -82.47 % in previous quarter. Analysis needed for shareholder value.

The comprehensive analytics outlining the performance and outlook of Artefact Projects Ltd”s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

Metrics Previous Year Previous Quarter Current Quarter Quarter to Quarter Difference Year to Year Difference
Sales Rs. 5.232 Cr Rs. 6.38 Cr Rs. 7.117 Cr + 11.55 % + 36.03 %
Expenses Rs. 4.56 Cr Rs. 5.16 Cr Rs. 7.39 Cr + 43.22 % + 62.06 %
Operating Profit Rs. 0.67 Cr Rs. 1.22 Cr Rs. -0.27 Cr -122.13 % -140.3 %
OPM % 12.81 % 19.12 % -3.79 % -22.91 % -16.6 %
Other Income Rs. 0.94 Cr Rs. 1.09 Cr Rs. 1.2 Cr + 10.09 % + 27.66 %
Interest Rs. 0.4 Cr Rs. 0.38 Cr Rs. 0.48 Cr + 26.32 % + 20 %
Depreciation Rs. 0.1 Cr Rs. 0.1 Cr Rs. 0.1 Cr + 0 % + 0 %
Profit before tax Rs. 1.11 Cr Rs. 1.83 Cr Rs. 0.35 Cr -80.87 % -68.47 %
Tax % 19.51 % 0.16 % 37.68 % + 37.52 % + 18.17 %
Net Profit Rs. 2.36 Cr Rs. 1.83 Cr Rs. 0.22 Cr -87.98 % -90.68 %
EPS in Rs Rs. 3.51 Rs. 2.51 Rs. 0.44 -82.47 % -87.46 %


Today, we’re looking at Artefact Projects Ltd’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 36.03 %. However, it did see a marginal increase of 11.55 % from the previous quarter. Expenses ticked up slightly by 43.22 % quarter-on-quarter, aligning with the annual rise of 62.06 %. Operating profit, while down -140.3 % compared to last year, faced a quarter-on-quarter dip of -122.13 %, 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 -16.6 %, but a shrinkage of -22.91 % sequentially. Other income rose by 10.09 % compared to the last quarter, despite an annual growth of 27.66 %. Interest expenses surged remarkably by 26.32 % from the previous quarter, yet the year-over-year increase remains at a moderate 20 %. Depreciation costs climbed by 0 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 0 %. Profit before tax declined annually by -68.47 % but saw a reduction from the preceding quarter by -80.87 %.
Tax expenses as a percentage of profits increased slightly by 18.17 % compared to last year, with a more notable quarter-on-quarter increase of 37.52 %. Net profit fell by -90.68 % year-on-year but witnessed a -87.98 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -87.46 % but a quarterly fall of -82.47 %. In summary, Artefact Projects Ltd’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. 5.232 Cr Rs. 6.38 Cr Rs. 7.117 Cr + 11.55 % + 36.03 %
Expenses Rs. 4.56 Cr Rs. 5.16 Cr Rs. 7.39 Cr + 43.22 % + 62.06 %
Operating Profit Rs. 0.67 Cr Rs. 1.22 Cr Rs. -0.27 Cr -122.13 % -140.3 %
Net Profit Rs. 2.36 Cr Rs. 1.83 Cr Rs. 0.22 Cr -87.98 % -90.68 %
EPS in Rs Rs. 3.51 Rs. 2.51 Rs. 0.44 -82.47 % -87.46 %


In reviewing Artefact Projects Ltd’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 36.03 % year-on-year growth, however, there was a minor increase of 11.55 % from the previous quarter. Expenses rose by 62.06 % compared to the previous year, with a 43.22 % increase quarter-on-quarter. Operating Profit dropped by -140.3 % annually, and saw a -122.13 % decrease from the last quarter.
Net Profit showed yearly decrease of -90.68 %, and experienced a -87.98 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -87.46 % annually, however dipped by -82.47 % compared to the last quarter. In essence, while Artefact Projects Ltd faces strong annual decline indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.

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