Share the post "Adani Energy Solutions : Q1 2024 Financial Quarterly Report : YoY Sales Up 46.8 %, QoQ Up 14.27 %"
Highlights
- The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company experienced a substantial growth of 46.8 % in the past year, substantial increase in net sales/revenue by 14.27 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -1396.3 %, Marginal decrease of -1041.14% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Adani Energy Solutions Limited. Profit dropped by -754.28 % Year to Year, Adani Energy Solutions Limited’s profitability dropped by -412.27 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -570.70 % Year to Year. EPS decreased by -351.36 % 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. 3663.91 Cr | Rs. 4706.85 Cr | Rs. 5378.55 Cr | + 14.27 % | + 46.8 % |
| Expenses | Rs. 2090.14 Cr | Rs. 3141.33 Cr | Rs. 3134.22 Cr | -0.23 % | + 49.95 % |
| Operating Profit | Rs. 1573.77 Cr | Rs. 1565.52 Cr | Rs. 2244.33 Cr | + 43.36 % | + 42.61 % |
| OPM % | 42.95 % | 33.26 % | 41.73 % | + 8.47 % | -1.22 % |
| Other Income | Rs. 107.69 Cr | Rs. 148.33 Cr | Rs. -1395.99 Cr | -1041.14 % | -1396.3 % |
| Interest | Rs. 615.67 Cr | Rs. 749.99 Cr | Rs. 810.93 Cr | + 8.13 % | + 31.72 % |
| Depreciation | Rs. 418.88 Cr | Rs. 467.51 Cr | Rs. 497.85 Cr | + 6.49 % | + 18.85 % |
| Profit before tax | Rs. 646.91 Cr | Rs. 496.35 Cr | Rs. -460.44 Cr | -192.77 % | -171.18 % |
| Tax % | 24.8 % | 33.97 % | -29.66 % | -63.63 % | -54.46 % |
| Net Profit | Rs. 181.98 Cr | Rs. 381.29 Cr | Rs. -1190.66 Cr | -412.27 % | -754.28 % |
| EPS in Rs | Rs. 1.57 | Rs. 2.94 | Rs. -7.39 | -351.36 % | -570.7 % |
Today, we’re looking at Adani Energy Solutions 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 46.8 %. However, it did see a marginal increase of 14.27 % from the previous quarter. Expenses decreased slightly by -0.23 % quarter-on-quarter, aligning with the annual rise of 49.95 %. Operating profit, while up 42.61 % compared to last year, faced a quarter-on-quarter increase of 43.36 %, 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 -1.22 %, but an expansion of 8.47 % sequentially. Other income fell by -1041.14 % compared to the last quarter, despite an annual decline of -1396.3 %. Interest expenses surged remarkably by 8.13 % from the previous quarter, yet the year-over-year increase remains at a moderate 31.72 %. Depreciation costs climbed by 6.49 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 18.85 %. Profit before tax declined annually by -171.18 % but saw a reduction from the preceding quarter by -192.77 %.
Tax expenses as a percentage of profits decreased slightly by -54.46 % compared to last year, with a more notable quarter-on-quarter decrease of -63.63 %. Net profit fell by -754.28 % year-on-year but witnessed a -412.27 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -570.7 % but a quarterly fall of -351.36 %. In summary, Adani Energy Solutions 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. 3663.91 Cr | Rs. 4706.85 Cr | Rs. 5378.55 Cr | + 14.27 % | + 46.8 % |
| Expenses | Rs. 2090.14 Cr | Rs. 3141.33 Cr | Rs. 3134.22 Cr | -0.23 % | + 49.95 % |
| Operating Profit | Rs. 1573.77 Cr | Rs. 1565.52 Cr | Rs. 2244.33 Cr | + 43.36 % | + 42.61 % |
| Net Profit | Rs. 181.98 Cr | Rs. 381.29 Cr | Rs. -1190.66 Cr | -412.27 % | -754.28 % |
| EPS in Rs | Rs. 1.57 | Rs. 2.94 | Rs. -7.39 | -351.36 % | -570.7 % |
In reviewing Adani Energy Solutions Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 46.8 % year-on-year growth, however, there was a minor increase of 14.27 % from the previous quarter. Expenses rose by 49.95 % compared to the previous year, with a decrease of -0.23 % quarter-on-quarter. Operating Profit surged by 42.61 % annually, and saw a 43.36 % increase from the last quarter.
Net Profit showed yearly decrease of -754.28 %, and experienced a -412.27 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -570.7 % annually, however dipped by -351.36 % compared to the last quarter. In essence, while Adani Energy Solutions 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.
