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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 58.44 % in the past year, substantial increase in net sales/revenue by 145.64 %.
- 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 55.88 %. Marginal decrease of -56.2% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Ashirwad Capital Ltd.,. Notable increase of 56.86 % in net profit Year to Year, Ashirwad Capital Ltd.,’s profitability increased by 71.12 % in this quarter.
- EPS over the Year and quarter: EPS increased by 33.33 % Year to Year. EPS increased by 33.33 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 0.231 Cr | Rs. 0.149 Cr | Rs. 0.366 Cr | + 145.64 % | + 58.44 % |
| Expenses | Rs. 0.04 Cr | Rs. 0.03 Cr | Rs. 0.05 Cr | + 66.67 % | + 25 % |
| Operating Profit | Rs. 0.19 Cr | Rs. 0.12 Cr | Rs. 0.32 Cr | + 166.67 % | + 68.42 % |
| OPM % | 82.25 % | 80.54 % | 87.43 % | + 6.89 % | + 5.18 % |
| Other Income | Rs. 0.034 Cr | Rs. 0.121 Cr | Rs. 0.053 Cr | -56.2 % | + 55.88 % |
| Interest | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Depreciation | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Profit before tax | Rs. 0.22 Cr | Rs. 0.24 Cr | Rs. 0.37 Cr | + 54.17 % | + 68.18 % |
| Tax % | 7.69 % | 20.43 % | 12.09 % | -8.34 % | + 4.4 % |
| Net Profit | Rs. 0.2 Cr | Rs. 0.19 Cr | Rs. 0.32 Cr | + 68.42 % | + 60 % |
| EPS in Rs | Rs. 0.03 | Rs. 0.03 | Rs. 0.04 | + 33.33 % | + 33.33 % |
Today, we’re looking at Ashirwad Capital 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 58.44 %. However, it did see a marginal increase of 145.64 % from the previous quarter. Expenses ticked up slightly by 66.67 % quarter-on-quarter, aligning with the annual rise of 25 %. Operating profit, while up 68.42 % compared to last year, faced a quarter-on-quarter increase of 166.67 %, 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 5.18 %, but an expansion of 6.89 % sequentially. Other income fell by -56.2 % compared to the last quarter, despite an annual growth of 55.88 %. Profit before tax grew annually by 68.18 % but saw an increase from the preceding quarter by 54.17 %.
Tax expenses as a percentage of profits increased slightly by 4.4 % compared to last year, with a more notable quarter-on-quarter decrease of -8.34 %. Net profit rose by 60 % year-on-year but experienced a 68.42 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 33.33 % but a quarterly rise of 33.33 %. In summary, Ashirwad Capital 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. 0.231 Cr | Rs. 0.149 Cr | Rs. 0.366 Cr | + 145.64 % | + 58.44 % |
| Expenses | Rs. 0.04 Cr | Rs. 0.03 Cr | Rs. 0.05 Cr | + 66.67 % | + 25 % |
| Operating Profit | Rs. 0.19 Cr | Rs. 0.12 Cr | Rs. 0.32 Cr | + 166.67 % | + 68.42 % |
| Net Profit | Rs. 0.2 Cr | Rs. 0.19 Cr | Rs. 0.32 Cr | + 68.42 % | + 60 % |
| EPS in Rs | Rs. 0.03 | Rs. 0.03 | Rs. 0.04 | + 33.33 % | + 33.33 % |
In reviewing Ashirwad Capital Ltd.,’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 58.44 % year-on-year growth, however, there was a minor increase of 145.64 % from the previous quarter. Expenses rose by 25 % compared to the previous year, with a 66.67 % increase quarter-on-quarter. Operating Profit surged by 68.42 % annually, and saw a 166.67 % increase from the last quarter.
Net Profit showed yearly increase of 60 %, and experienced a 68.42 % increase from the previous quarter. Earnings Per Share (EPS) rose by 33.33 % annually, however rose by 33.33 % compared to the last quarter. In essence, while Ashirwad Capital 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.
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