Share the post "Inani Marbles & Industries announces Q1 results: Profit Rises by 198.7% YoY"
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 -9.49 % over the year, decrease in net sales/revenue by -28.85 %.
- 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 230.77 %. Marginal decrease of -15.13% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Inani Marbles & Industries Ltd.. Profit dropped by -199.35 % Year to Year, Inani Marbles & Industries Ltd.’s profitability dropped by -40.03 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -200.00 % Year to Year. EPS decreased by -39.71 % 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. 14.33 Cr | Rs. 18.23 Cr | Rs. 12.97 Cr | -28.85 % | -9.49 % |
Expenses | Rs. 13.74 Cr | Rs. 15.57 Cr | Rs. 11.09 Cr | -28.77 % | -19.29 % |
Operating Profit | Rs. 0.59 Cr | Rs. 2.66 Cr | Rs. 1.88 Cr | -29.32 % | + 218.64 % |
OPM % | 4.12 % | 14.59 % | 14.49 % | -0.1 % | + 10.37 % |
Other Income | Rs. 0.078 Cr | Rs. 0.304 Cr | Rs. 0.258 Cr | -15.13 % | + 230.77 % |
Interest | Rs. 0.63 Cr | Rs. 0.49 Cr | Rs. 0.49 Cr | + 0 % | -22.22 % |
Depreciation | Rs. 0.8 Cr | Rs. 0.8 Cr | Rs. 0.66 Cr | -17.5 % | -17.5 % |
Profit before tax | Rs. -0.76 Cr | Rs. 1.67 Cr | Rs. 0.99 Cr | -40.72 % | + 230.26 % |
Tax % | -0 % | 24.19 % | 23.62 % | -0.57 % | + 23.62 % |
Net Profit | Rs. -0.77 Cr | Rs. 1.27 Cr | Rs. 0.76 Cr | -40.16 % | + 198.7 % |
EPS in Rs | Rs. -0.41 | Rs. 0.68 | Rs. 0.41 | -39.71 % | + 200 % |
Today, we’re looking at Inani Marbles & Industries Ltd.’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -9.49 %. However, it did see a marginal slip of -28.85 % from the previous quarter. Expenses decreased slightly by -28.77 % quarter-on-quarter, aligning with the annual decline of -19.29 %. Operating profit, while up 218.64 % compared to last year, faced a quarter-on-quarter dip of -29.32 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 10.37 %, but a shrinkage of -0.1 % sequentially. Other income fell by -15.13 % compared to the last quarter, despite an annual growth of 230.77 %. Interest expenses surged remarkably by 0 % from the previous quarter, yet the year-over-year decrease remains at a moderate -22.22 %. Depreciation costs fell by -17.5 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -17.5 %. Profit before tax grew annually by 230.26 % but saw a reduction from the preceding quarter by -40.72 %.
Tax expenses as a percentage of profits increased slightly by 23.62 % compared to last year, with a more notable quarter-on-quarter decrease of -0.57 %. Net profit rose by 198.7 % year-on-year but witnessed a -40.16 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 200 % but a quarterly fall of -39.71 %. In summary, Inani Marbles & Industries 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. 14.33 Cr | Rs. 18.23 Cr | Rs. 12.97 Cr | -28.85 % | -9.49 % |
Expenses | Rs. 13.74 Cr | Rs. 15.57 Cr | Rs. 11.09 Cr | -28.77 % | -19.29 % |
Operating Profit | Rs. 0.59 Cr | Rs. 2.66 Cr | Rs. 1.88 Cr | -29.32 % | + 218.64 % |
Net Profit | Rs. -0.77 Cr | Rs. 1.27 Cr | Rs. 0.76 Cr | -40.16 % | + 198.7 % |
EPS in Rs | Rs. -0.41 | Rs. 0.68 | Rs. 0.41 | -39.71 % | + 200 % |
In reviewing Inani Marbles & Industries Ltd.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -9.49 % year-on-year, although there was a slight dip of -28.85 % from the previous quarter. Expenses decreased by -19.29 % compared to the previous year, with a decrease of -28.77 % quarter-on-quarter. Operating Profit surged by 218.64 % annually, and saw a -29.32 % decrease from the last quarter.
Net Profit showed yearly increase of 198.7 %, and experienced a -40.16 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 200 % annually, however dipped by -39.71 % compared to the last quarter. In essence, while Inani Marbles & Industries Ltd. exhibits strong annual growth indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.