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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’s sales declined by -26.38 % over the year, decrease in net sales/revenue by -25.75 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -8.56 %, Marginal decrease of -66.26% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for AVRO INDIA LIMITED. Profit dropped by -35.07 % Year to Year, AVRO INDIA LIMITED’s profitability dropped by -24.86 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -35.64 % Year to Year. EPS decreased by -25.29 % 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. 22.709 Cr | Rs. 22.516 Cr | Rs. 16.718 Cr | -25.75 % | -26.38 % |
Expenses | Rs. 21.04 Cr | Rs. 21.74 Cr | Rs. 15.52 Cr | -28.61 % | -26.24 % |
Operating Profit | Rs. 1.67 Cr | Rs. 0.78 Cr | Rs. 1.2 Cr | + 53.85 % | -28.14 % |
OPM % | 7.35 % | 3.46 % | 7.18 % | + 3.72 % | -0.17 % |
Other Income | Rs. 0.631 Cr | Rs. 1.71 Cr | Rs. 0.577 Cr | -66.26 % | -8.56 % |
Interest | Rs. 0.3 Cr | Rs. 0.37 Cr | Rs. 0.36 Cr | -2.7 % | + 20 % |
Depreciation | Rs. 0.53 Cr | Rs. 0.87 Cr | Rs. 0.73 Cr | -16.09 % | + 37.74 % |
Profit before tax | Rs. 1.47 Cr | Rs. 1.25 Cr | Rs. 0.69 Cr | -44.8 % | -53.06 % |
Tax % | 31 % | 29.93 % | 4.08 % | -25.85 % | -26.92 % |
Net Profit | Rs. 1.02 Cr | Rs. 0.88 Cr | Rs. 0.66 Cr | -25 % | -35.29 % |
EPS in Rs | Rs. 1.01 | Rs. 0.87 | Rs. 0.65 | -25.29 % | -35.64 % |
Today, we’re looking at AVRO INDIA LIMITED’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -26.38 %. However, it did see a marginal slip of -25.75 % from the previous quarter. Expenses decreased slightly by -28.61 % quarter-on-quarter, aligning with the annual decline of -26.24 %. Operating profit, while down -28.14 % compared to last year, faced a quarter-on-quarter increase of 53.85 %, 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 -0.17 %, but an expansion of 3.72 % sequentially. Other income fell by -66.26 % compared to the last quarter, despite an annual decline of -8.56 %. Interest expenses dropped significantly by -2.7 % from the previous quarter, yet the year-over-year increase remains at a moderate 20 %. Depreciation costs fell by -16.09 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 37.74 %. Profit before tax declined annually by -53.06 % but saw a reduction from the preceding quarter by -44.8 %.
Tax expenses as a percentage of profits decreased slightly by -26.92 % compared to last year, with a more notable quarter-on-quarter decrease of -25.85 %. Net profit fell by -35.29 % year-on-year but witnessed a -25 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -35.64 % but a quarterly fall of -25.29 %. In summary, AVRO 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. 22.709 Cr | Rs. 22.516 Cr | Rs. 16.718 Cr | -25.75 % | -26.38 % |
Expenses | Rs. 21.04 Cr | Rs. 21.74 Cr | Rs. 15.52 Cr | -28.61 % | -26.24 % |
Operating Profit | Rs. 1.67 Cr | Rs. 0.78 Cr | Rs. 1.2 Cr | + 53.85 % | -28.14 % |
Net Profit | Rs. 1.02 Cr | Rs. 0.88 Cr | Rs. 0.66 Cr | -25 % | -35.29 % |
EPS in Rs | Rs. 1.01 | Rs. 0.87 | Rs. 0.65 | -25.29 % | -35.64 % |
In reviewing AVRO INDIA LIMITED’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -26.38 % year-on-year, although there was a slight dip of -25.75 % from the previous quarter. Expenses decreased by -26.24 % compared to the previous year, with a decrease of -28.61 % quarter-on-quarter. Operating Profit dropped by -28.14 % annually, and saw a 53.85 % increase from the last quarter.
Net Profit showed yearly decrease of -35.29 %, and experienced a -25 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -35.64 % annually, however dipped by -25.29 % compared to the last quarter. In essence, while AVRO INDIA 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.
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