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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 18.94 % in the past year, substantial increase in net sales/revenue by 16.07 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -5.59 %, Marginal decrease of -19.06% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for A-1 Acid Limited. Notable increase of 360.99 % in net profit Year to Year, A-1 Acid Limited’s profitability increased by 12.02 % in this quarter.
- EPS over the Year and quarter: EPS increased by 356.25 % Year to Year. EPS increased by 12.31 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 58.967 Cr | Rs. 60.426 Cr | Rs. 70.137 Cr | + 16.07 % | + 18.94 % |
| Expenses | Rs. 59.18 Cr | Rs. 60.24 Cr | Rs. 69.39 Cr | + 15.19 % | + 17.25 % |
| Operating Profit | Rs. -0.21 Cr | Rs. 0.19 Cr | Rs. 0.75 Cr | + 294.74 % | + 457.14 % |
| OPM % | -0.36 % | 0.31 % | 1.07 % | + 0.76 % | + 1.43 % |
| Other Income | Rs. 1.61 Cr | Rs. 1.878 Cr | Rs. 1.52 Cr | -19.06 % | -5.59 % |
| Interest | Rs. 0.22 Cr | Rs. 0.26 Cr | Rs. 0.27 Cr | + 3.85 % | + 22.73 % |
| Depreciation | Rs. 0.89 Cr | Rs. 0.9 Cr | Rs. 0.88 Cr | -2.22 % | -1.12 % |
| Profit before tax | Rs. 0.29 Cr | Rs. 0.91 Cr | Rs. 1.12 Cr | + 23.08 % | + 286.21 % |
| Tax % | 28.16 % | 15.56 % | 22.82 % | + 7.26 % | -5.34 % |
| Net Profit | Rs. 0.18 Cr | Rs. 0.75 Cr | Rs. 0.84 Cr | + 12 % | + 366.67 % |
| EPS in Rs | Rs. 0.16 | Rs. 0.65 | Rs. 0.73 | + 12.31 % | + 356.25 % |
Today, we’re looking at A-1 Acid 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 18.94 %. However, it did see a marginal increase of 16.07 % from the previous quarter. Expenses ticked up slightly by 15.19 % quarter-on-quarter, aligning with the annual rise of 17.25 %. Operating profit, while up 457.14 % compared to last year, faced a quarter-on-quarter increase of 294.74 %, 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 1.43 %, but an expansion of 0.76 % sequentially. Other income fell by -19.06 % compared to the last quarter, despite an annual decline of -5.59 %. Interest expenses surged remarkably by 3.85 % from the previous quarter, yet the year-over-year increase remains at a moderate 22.73 %. Depreciation costs fell by -2.22 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -1.12 %. Profit before tax grew annually by 286.21 % but saw an increase from the preceding quarter by 23.08 %.
Tax expenses as a percentage of profits decreased slightly by -5.34 % compared to last year, with a more notable quarter-on-quarter increase of 7.26 %. Net profit rose by 366.67 % year-on-year but experienced a 12 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 356.25 % but a quarterly rise of 12.31 %. In summary, A-1 Acid 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. 58.967 Cr | Rs. 60.426 Cr | Rs. 70.137 Cr | + 16.07 % | + 18.94 % |
| Expenses | Rs. 59.18 Cr | Rs. 60.24 Cr | Rs. 69.39 Cr | + 15.19 % | + 17.25 % |
| Operating Profit | Rs. -0.21 Cr | Rs. 0.19 Cr | Rs. 0.75 Cr | + 294.74 % | + 457.14 % |
| Net Profit | Rs. 0.18 Cr | Rs. 0.75 Cr | Rs. 0.84 Cr | + 12 % | + 366.67 % |
| EPS in Rs | Rs. 0.16 | Rs. 0.65 | Rs. 0.73 | + 12.31 % | + 356.25 % |
In reviewing A-1 Acid Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 18.94 % year-on-year growth, however, there was a minor increase of 16.07 % from the previous quarter. Expenses rose by 17.25 % compared to the previous year, with a 15.19 % increase quarter-on-quarter. Operating Profit surged by 457.14 % annually, and saw a 294.74 % increase from the last quarter.
Net Profit showed yearly increase of 366.67 %, and experienced a 12 % increase from the previous quarter. Earnings Per Share (EPS) rose by 356.25 % annually, however rose by 12.31 % compared to the last quarter. In essence, while A-1 Acid 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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