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Highlights
- The presented financial data is Standalone to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company experienced a substantial growth of 19.85 % in the past year, substantial increase in net sales/revenue by 5.04 %.
- 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 42.86 %. Marginal decrease of -42.31% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for AksharChem India Limited. Profit dropped by -121.42 % Year to Year, AksharChem India Limited’s profitability dropped by -119.13 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -121.34 % Year to Year. EPS decreased by -119.07 % 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. 71.677 Cr | Rs. 81.787 Cr | Rs. 85.908 Cr | + 5.04 % | + 19.85 % |
| Expenses | Rs. 72.35 Cr | Rs. 81.36 Cr | Rs. 79.67 Cr | -2.08 % | + 10.12 % |
| Operating Profit | Rs. -0.67 Cr | Rs. 0.43 Cr | Rs. 6.24 Cr | + 1351.16 % | + 1031.34 % |
| OPM % | -0.93 % | 0.53 % | 7.26 % | + 6.73 % | + 8.19 % |
| Other Income | Rs. 0.042 Cr | Rs. 0.104 Cr | Rs. 0.06 Cr | -42.31 % | + 42.86 % |
| Interest | Rs. 0.8 Cr | Rs. 1.07 Cr | Rs. 1.25 Cr | + 16.82 % | + 56.25 % |
| Depreciation | Rs. 3.35 Cr | Rs. 3.47 Cr | Rs. 3.46 Cr | -0.29 % | + 3.28 % |
| Profit before tax | Rs. -4.78 Cr | Rs. -4.01 Cr | Rs. 1.59 Cr | + 139.65 % | + 133.26 % |
| Tax % | -12.46 % | -50.44 % | 27.46 % | + 77.9 % | + 39.92 % |
| Net Profit | Rs. -5.38 Cr | Rs. -6.02 Cr | Rs. 1.15 Cr | + 119.1 % | + 121.38 % |
| EPS in Rs | Rs. -6.7 | Rs. -7.5 | Rs. 1.43 | + 119.07 % | + 121.34 % |
Today, we’re looking at AksharChem India 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 19.85 %. However, it did see a marginal increase of 5.04 % from the previous quarter. Expenses decreased slightly by -2.08 % quarter-on-quarter, aligning with the annual rise of 10.12 %. Operating profit, while up 1031.34 % compared to last year, faced a quarter-on-quarter increase of 1351.16 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 8.19 %, but an expansion of 6.73 % sequentially. Other income fell by -42.31 % compared to the last quarter, despite an annual growth of 42.86 %. Interest expenses surged remarkably by 16.82 % from the previous quarter, yet the year-over-year increase remains at a moderate 56.25 %. Depreciation costs fell by -0.29 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 3.28 %. Profit before tax grew annually by 133.26 % but saw an increase from the preceding quarter by 139.65 %.
Tax expenses as a percentage of profits increased slightly by 39.92 % compared to last year, with a more notable quarter-on-quarter increase of 77.9 %. Net profit rose by 121.38 % year-on-year but experienced a 119.1 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 121.34 % but a quarterly rise of 119.07 %. In summary, AksharChem India 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. 71.677 Cr | Rs. 81.787 Cr | Rs. 85.908 Cr | + 5.04 % | + 19.85 % |
| Expenses | Rs. 72.35 Cr | Rs. 81.36 Cr | Rs. 79.67 Cr | -2.08 % | + 10.12 % |
| Operating Profit | Rs. -0.67 Cr | Rs. 0.43 Cr | Rs. 6.24 Cr | + 1351.16 % | + 1031.34 % |
| Net Profit | Rs. -5.38 Cr | Rs. -6.02 Cr | Rs. 1.15 Cr | + 119.1 % | + 121.38 % |
| EPS in Rs | Rs. -6.7 | Rs. -7.5 | Rs. 1.43 | + 119.07 % | + 121.34 % |
In reviewing AksharChem India Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 19.85 % year-on-year growth, however, there was a minor increase of 5.04 % from the previous quarter. Expenses rose by 10.12 % compared to the previous year, with a decrease of -2.08 % quarter-on-quarter. Operating Profit surged by 1031.34 % annually, and saw a 1351.16 % increase from the last quarter.
Net Profit showed yearly increase of 121.38 %, and experienced a 119.1 % increase from the previous quarter. Earnings Per Share (EPS) rose by 121.34 % annually, however rose by 119.07 % compared to the last quarter. In essence, while AksharChem India 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.
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