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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 13.07 % in the past year, decrease in net sales/revenue by -2.89 %.
- 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 249.38 %. Marginal decrease of -53.33% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Jyoti Resins & Adhesives Ltd,. Notable increase of 19.16 % in net profit Year to Year, Jyoti Resins & Adhesives Ltd,’s profitability increased by 0 % in this quarter.
- EPS over the Year and quarter: EPS increased by 21.95 % Year to Year. EPS increased by 2.3 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 61.184 Cr | Rs. 71.24 Cr | Rs. 69.18 Cr | -2.89 % | + 13.07 % |
| Expenses | Rs. 40.44 Cr | Rs. 50.02 Cr | Rs. 45.76 Cr | -8.52 % | + 13.16 % |
| Operating Profit | Rs. 20.74 Cr | Rs. 21.22 Cr | Rs. 23.42 Cr | + 10.37 % | + 12.92 % |
| OPM % | 33.9 % | 29.79 % | 33.85 % | + 4.06 % | -0.05 % |
| Other Income | Rs. 0.561 Cr | Rs. 4.2 Cr | Rs. 1.96 Cr | -53.33 % | + 249.38 % |
| Interest | Rs. 0 Cr | Rs. 0.05 Cr | Rs. 0 Cr | 0 % | 0 % |
| Depreciation | Rs. 0.27 Cr | Rs. 0.26 Cr | Rs. 0.37 Cr | + 42.31 % | + 37.04 % |
| Profit before tax | Rs. 21.03 Cr | Rs. 25.11 Cr | Rs. 25.01 Cr | -0.4 % | + 18.93 % |
| Tax % | 25.19 % | 25.29 % | 24.99 % | -0.3 % | -0.2 % |
| Net Profit | Rs. 15.74 Cr | Rs. 18.76 Cr | Rs. 18.76 Cr | + 0 % | + 19.19 % |
| EPS in Rs | Rs. 13.12 | Rs. 15.64 | Rs. 16 | + 2.3 % | + 21.95 % |
Today, we’re looking at Jyoti Resins & Adhesives Ltd,’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 13.07 %. However, it did see a marginal slip of -2.89 % from the previous quarter. Expenses decreased slightly by -8.52 % quarter-on-quarter, aligning with the annual rise of 13.16 %. Operating profit, while up 12.92 % compared to last year, faced a quarter-on-quarter increase of 10.37 %, 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 4.06 % sequentially. Other income fell by -53.33 % compared to the last quarter, despite an annual growth of 249.38 %. Depreciation costs climbed by 42.31 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 37.04 %. Profit before tax grew annually by 18.93 % but saw a reduction from the preceding quarter by -0.4 %.
Tax expenses as a percentage of profits decreased slightly by -0.2 % compared to last year, with a more notable quarter-on-quarter decrease of -0.3 %. Net profit rose by 19.19 % year-on-year but experienced a 0 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 21.95 % but a quarterly rise of 2.3 %. In summary, Jyoti Resins & Adhesives Ltd,’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. 61.184 Cr | Rs. 71.24 Cr | Rs. 69.18 Cr | -2.89 % | + 13.07 % |
| Expenses | Rs. 40.44 Cr | Rs. 50.02 Cr | Rs. 45.76 Cr | -8.52 % | + 13.16 % |
| Operating Profit | Rs. 20.74 Cr | Rs. 21.22 Cr | Rs. 23.42 Cr | + 10.37 % | + 12.92 % |
| Net Profit | Rs. 15.74 Cr | Rs. 18.76 Cr | Rs. 18.76 Cr | + 0 % | + 19.19 % |
| EPS in Rs | Rs. 13.12 | Rs. 15.64 | Rs. 16 | + 2.3 % | + 21.95 % |
In reviewing Jyoti Resins & Adhesives Ltd,’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 13.07 % year-on-year growth, although there was a slight dip of -2.89 % from the previous quarter. Expenses rose by 13.16 % compared to the previous year, with a decrease of -8.52 % quarter-on-quarter. Operating Profit surged by 12.92 % annually, and saw a 10.37 % increase from the last quarter.
Net Profit showed yearly increase of 19.19 %, and experienced a 0 % increase from the previous quarter. Earnings Per Share (EPS) rose by 21.95 % annually, however rose by 2.3 % compared to the last quarter. In essence, while Jyoti Resins & Adhesives Ltd, 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.
