Share the post "AVI PRODUCTS INDIA ‘s Q1 Update: Profit Grows by 300% 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 -4.23 % over the year, decrease in net sales/revenue by -0.56 %.
- 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 56.25 %. Marginal decrease of -66.22% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for AVI PRODUCTS INDIA LIMITED. Notable increase of 200 % in net profit Year to Year, AVI PRODUCTS INDIA LIMITED’s profitability dropped by -59.79 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 140.00 % Year to Year. EPS decreased by -63.64 % 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. 1.112 Cr | Rs. 1.071 Cr | Rs. 1.065 Cr | -0.56 % | -4.23 % |
| Expenses | Rs. 1.1 Cr | Rs. 1.06 Cr | Rs. 1.02 Cr | -3.77 % | -7.27 % |
| Operating Profit | Rs. 0.01 Cr | Rs. 0.01 Cr | Rs. 0.04 Cr | + 300 % | + 300 % |
| OPM % | 0.9 % | 0.93 % | 3.76 % | + 2.83 % | + 2.86 % |
| Other Income | Rs. 0.032 Cr | Rs. 0.148 Cr | Rs. 0.05 Cr | -66.22 % | + 56.25 % |
| Interest | Rs. 0.01 Cr | Rs. 0 Cr | Rs. 0.01 Cr | 0 % | + 0 % |
| Depreciation | Rs. 0.02 Cr | Rs. 0.05 Cr | Rs. 0.04 Cr | -20 % | + 100 % |
| Profit before tax | Rs. 0.01 Cr | Rs. 0.11 Cr | Rs. 0.04 Cr | -63.64 % | + 300 % |
| Tax % | 22.22 % | 15.65 % | 24.53 % | + 8.88 % | + 2.31 % |
| Net Profit | Rs. 0.01 Cr | Rs. 0.1 Cr | Rs. 0.04 Cr | -60 % | + 300 % |
| EPS in Rs | Rs. 0.05 | Rs. 0.33 | Rs. 0.12 | -63.64 % | + 140 % |
Today, we’re looking at AVI PRODUCTS INDIA LIMITED’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -4.23 %. However, it did see a marginal slip of -0.56 % from the previous quarter. Expenses decreased slightly by -3.77 % quarter-on-quarter, aligning with the annual decline of -7.27 %. Operating profit, while up 300 % compared to last year, faced a quarter-on-quarter increase of 300 %, 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 2.86 %, but an expansion of 2.83 % sequentially. Other income fell by -66.22 % compared to the last quarter, despite an annual growth of 56.25 %. yet the year-over-year increase remains at a moderate 0 %. Depreciation costs fell by -20 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 100 %. Profit before tax grew annually by 300 % but saw a reduction from the preceding quarter by -63.64 %.
Tax expenses as a percentage of profits increased slightly by 2.31 % compared to last year, with a more notable quarter-on-quarter increase of 8.88 %. Net profit rose by 300 % year-on-year but witnessed a -60 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 140 % but a quarterly fall of -63.64 %. In summary, AVI PRODUCTS INDIA 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. 1.112 Cr | Rs. 1.071 Cr | Rs. 1.065 Cr | -0.56 % | -4.23 % |
| Expenses | Rs. 1.1 Cr | Rs. 1.06 Cr | Rs. 1.02 Cr | -3.77 % | -7.27 % |
| Operating Profit | Rs. 0.01 Cr | Rs. 0.01 Cr | Rs. 0.04 Cr | + 300 % | + 300 % |
| Net Profit | Rs. 0.01 Cr | Rs. 0.1 Cr | Rs. 0.04 Cr | -60 % | + 300 % |
| EPS in Rs | Rs. 0.05 | Rs. 0.33 | Rs. 0.12 | -63.64 % | + 140 % |
In reviewing AVI PRODUCTS INDIA LIMITED’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -4.23 % year-on-year, although there was a slight dip of -0.56 % from the previous quarter. Expenses decreased by -7.27 % compared to the previous year, with a decrease of -3.77 % quarter-on-quarter. Operating Profit surged by 300 % annually, and saw a 300 % increase from the last quarter.
Net Profit showed yearly increase of 300 %, and experienced a -60 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 140 % annually, however dipped by -63.64 % compared to the last quarter. In essence, while AVI PRODUCTS INDIA LIMITED 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.
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