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Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 18.57 % in the past year, substantial increase in net sales/revenue by 10.55 %.
- 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 7.38 %. Marginal increase in other income during this quarter, up by 9.85%.
- Profit over the Year and quarter: Significant improvement in profitability for Avenue Supermarts Limited. Notable increase of 17.45 % in net profit Year to Year, Avenue Supermarts Limited’s profitability increased by 37.39 % in this quarter.
- EPS over the Year and quarter: EPS increased by 17.26 % Year to Year. EPS increased by 37.3 % in previous quarter. Positive impact on shareholders.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 11865.44 Cr | Rs. 12726.55 Cr | Rs. 14069.14 Cr | + 10.55 % | + 18.57 % |
Expenses | Rs. 10830.17 Cr | Rs. 11782.91 Cr | Rs. 12847.89 Cr | + 9.04 % | + 18.63 % |
Operating Profit | Rs. 1035.27 Cr | Rs. 943.64 Cr | Rs. 1221.25 Cr | + 29.42 % | + 17.96 % |
OPM % | 8.73 % | 7.41 % | 8.68 % | + 1.27 % | -0.05 % |
Other Income | Rs. 38.74 Cr | Rs. 37.87 Cr | Rs. 41.6 Cr | + 9.85 % | + 7.38 % |
Interest | Rs. 14.57 Cr | Rs. 13.42 Cr | Rs. 15.96 Cr | + 18.93 % | + 9.54 % |
Depreciation | Rs. 162.18 Cr | Rs. 204.89 Cr | Rs. 192.76 Cr | -5.92 % | + 18.86 % |
Profit before tax | Rs. 897.26 Cr | Rs. 763.2 Cr | Rs. 1054.13 Cr | + 38.12 % | + 17.48 % |
Tax % | 26.59 % | 26.21 % | 26.6 % | + 0.39 % | + 0.01 % |
Net Profit | Rs. 658.71 Cr | Rs. 563.14 Cr | Rs. 773.68 Cr | + 37.39 % | + 17.45 % |
EPS in Rs | Rs. 10.12 | Rs. 8.64 | Rs. 11.86 | + 37.27 % | + 17.19 % |
Today, we’re looking at Avenue Supermarts Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 18.57 %. However, it did see a marginal increase of 10.55 % from the previous quarter. Expenses ticked up slightly by 9.04 % quarter-on-quarter, aligning with the annual rise of 18.63 %. Operating profit, while up 17.96 % compared to last year, faced a quarter-on-quarter increase of 29.42 %, 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 -0.05 %, but an expansion of 1.27 % sequentially. Other income rose by 9.85 % compared to the last quarter, despite an annual growth of 7.38 %. Interest expenses surged remarkably by 18.93 % from the previous quarter, yet the year-over-year increase remains at a moderate 9.54 %. Depreciation costs fell by -5.92 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 18.86 %. Profit before tax grew annually by 17.48 % but saw an increase from the preceding quarter by 38.12 %.
Tax expenses as a percentage of profits increased slightly by 0.01 % compared to last year, with a more notable quarter-on-quarter increase of 0.39 %. Net profit rose by 17.45 % year-on-year but experienced a 37.39 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 17.19 % but a quarterly rise of 37.27 %. In summary, Avenue Supermarts 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. 11865.44 Cr | Rs. 12726.55 Cr | Rs. 14069.14 Cr | + 10.55 % | + 18.57 % |
Expenses | Rs. 10830.17 Cr | Rs. 11782.91 Cr | Rs. 12847.89 Cr | + 9.04 % | + 18.63 % |
Operating Profit | Rs. 1035.27 Cr | Rs. 943.64 Cr | Rs. 1221.25 Cr | + 29.42 % | + 17.96 % |
Net Profit | Rs. 658.71 Cr | Rs. 563.14 Cr | Rs. 773.68 Cr | + 37.39 % | + 17.45 % |
EPS in Rs | Rs. 10.12 | Rs. 8.64 | Rs. 11.86 | + 37.27 % | + 17.19 % |
In reviewing Avenue Supermarts Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 18.57 % year-on-year growth, however, there was a minor increase of 10.55 % from the previous quarter. Expenses rose by 18.63 % compared to the previous year, with a 9.04 % increase quarter-on-quarter. Operating Profit surged by 17.96 % annually, and saw a 29.42 % increase from the last quarter.
Net Profit showed yearly increase of 17.45 %, and experienced a 37.39 % increase from the previous quarter. Earnings Per Share (EPS) rose by 17.19 % annually, however rose by 37.27 % compared to the last quarter. In essence, while Avenue Supermarts 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.