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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 56.43 % in the past year, substantial increase in net sales/revenue by 40.1 %.
- 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 1595.88 %. Marginal increase in other income during this quarter, up by 2.05%.
- Profit over the Year and quarter: Significant improvement in profitability for Ashnoor Textiles Mills Ltd.. Notable increase of 93.71 % in net profit Year to Year, Ashnoor Textiles Mills Ltd.’s profitability increased by 89.61 % in this quarter.
- EPS over the Year and quarter: EPS increased by 54.50 % Year to Year. EPS increased by 51.3 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 31.778 Cr | Rs. 35.483 Cr | Rs. 49.711 Cr | + 40.1 % | + 56.43 % |
| Expenses | Rs. 26.56 Cr | Rs. 34.95 Cr | Rs. 44.39 Cr | + 27.01 % | + 67.13 % |
| Operating Profit | Rs. 5.22 Cr | Rs. 0.53 Cr | Rs. 5.32 Cr | + 903.77 % | + 1.92 % |
| OPM % | 16.43 % | 1.49 % | 10.7 % | + 9.21 % | -5.73 % |
| Other Income | Rs. 0.194 Cr | Rs. 3.224 Cr | Rs. 3.29 Cr | + 2.05 % | + 1595.88 % |
| Interest | Rs. 1.02 Cr | Rs. 1.08 Cr | Rs. 1.1 Cr | + 1.85 % | + 7.84 % |
| Depreciation | Rs. 0.98 Cr | Rs. 0.19 Cr | Rs. 1.39 Cr | + 631.58 % | + 41.84 % |
| Profit before tax | Rs. 3.41 Cr | Rs. 2.48 Cr | Rs. 6.12 Cr | + 146.77 % | + 79.47 % |
| Tax % | 29.75 % | 1.45 % | 23.92 % | + 22.47 % | -5.83 % |
| Net Profit | Rs. 2.4 Cr | Rs. 2.45 Cr | Rs. 4.65 Cr | + 89.8 % | + 93.75 % |
| EPS in Rs | Rs. 1.89 | Rs. 1.93 | Rs. 2.92 | + 51.3 % | + 54.5 % |
Today, we’re looking at Ashnoor Textiles Mills 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 56.43 %. However, it did see a marginal increase of 40.1 % from the previous quarter. Expenses ticked up slightly by 27.01 % quarter-on-quarter, aligning with the annual rise of 67.13 %. Operating profit, while up 1.92 % compared to last year, faced a quarter-on-quarter increase of 903.77 %, 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 -5.73 %, but an expansion of 9.21 % sequentially. Other income rose by 2.05 % compared to the last quarter, despite an annual growth of 1595.88 %. Interest expenses surged remarkably by 1.85 % from the previous quarter, yet the year-over-year increase remains at a moderate 7.84 %. Depreciation costs climbed by 631.58 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 41.84 %. Profit before tax grew annually by 79.47 % but saw an increase from the preceding quarter by 146.77 %.
Tax expenses as a percentage of profits decreased slightly by -5.83 % compared to last year, with a more notable quarter-on-quarter increase of 22.47 %. Net profit rose by 93.75 % year-on-year but experienced a 89.8 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 54.5 % but a quarterly rise of 51.3 %. In summary, Ashnoor Textiles Mills 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. 31.778 Cr | Rs. 35.483 Cr | Rs. 49.711 Cr | + 40.1 % | + 56.43 % |
| Expenses | Rs. 26.56 Cr | Rs. 34.95 Cr | Rs. 44.39 Cr | + 27.01 % | + 67.13 % |
| Operating Profit | Rs. 5.22 Cr | Rs. 0.53 Cr | Rs. 5.32 Cr | + 903.77 % | + 1.92 % |
| Net Profit | Rs. 2.4 Cr | Rs. 2.45 Cr | Rs. 4.65 Cr | + 89.8 % | + 93.75 % |
| EPS in Rs | Rs. 1.89 | Rs. 1.93 | Rs. 2.92 | + 51.3 % | + 54.5 % |
In reviewing Ashnoor Textiles Mills Ltd.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 56.43 % year-on-year growth, however, there was a minor increase of 40.1 % from the previous quarter. Expenses rose by 67.13 % compared to the previous year, with a 27.01 % increase quarter-on-quarter. Operating Profit surged by 1.92 % annually, and saw a 903.77 % increase from the last quarter.
Net Profit showed yearly increase of 93.75 %, and experienced a 89.8 % increase from the previous quarter. Earnings Per Share (EPS) rose by 54.5 % annually, however rose by 51.3 % compared to the last quarter. In essence, while Ashnoor Textiles Mills 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.
