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Highlights
- The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company’s sales declined by -17.28 % over the year, substantial increase in net sales/revenue by 7.36 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -28.05 %, Marginal increase in other income during this quarter, up by 63.4%.
- Profit over the Year and quarter: Challenges in sustaining profitability for Indian Acrylics Ltd. Profit dropped by -6 % Year to Year, Indian Acrylics Ltd’s profitability dropped by -28.97 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -5.80 % Year to Year. EPS decreased by -28.57 % 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. 138.015 Cr | Rs. 106.338 Cr | Rs. 114.162 Cr | + 7.36 % | -17.28 % |
Expenses | Rs. 138.94 Cr | Rs. 110.19 Cr | Rs. 115.54 Cr | + 4.86 % | -16.84 % |
Operating Profit | Rs. -0.92 Cr | Rs. -3.85 Cr | Rs. -1.38 Cr | + 64.16 % | -50 % |
OPM % | -0.67 % | -3.62 % | -1.21 % | + 2.41 % | -0.54 % |
Other Income | Rs. 3.89 Cr | Rs. 1.713 Cr | Rs. 2.799 Cr | + 63.4 % | -28.05 % |
Interest | Rs. 8.48 Cr | Rs. 6.45 Cr | Rs. 6.5 Cr | + 0.78 % | -23.35 % |
Depreciation | Rs. 3.81 Cr | Rs. 3.76 Cr | Rs. 3.69 Cr | -1.86 % | -3.15 % |
Profit before tax | Rs. -9.32 Cr | Rs. -12.35 Cr | Rs. -8.77 Cr | + 28.99 % | + 5.9 % |
Tax % | -0 % | -0 % | -0 % | 0 % | 0 % |
Net Profit | Rs. -9.33 Cr | Rs. -12.34 Cr | Rs. -8.77 Cr | + 28.93 % | + 6 % |
EPS in Rs | Rs. -0.69 | Rs. -0.91 | Rs. -0.65 | + 28.57 % | + 5.8 % |
Today, we’re looking at Indian Acrylics 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 -17.28 %. However, it did see a marginal increase of 7.36 % from the previous quarter. Expenses ticked up slightly by 4.86 % quarter-on-quarter, aligning with the annual decline of -16.84 %. Operating profit, while down -50 % compared to last year, faced a quarter-on-quarter increase of 64.16 %, 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 -0.54 %, but an expansion of 2.41 % sequentially. Other income rose by 63.4 % compared to the last quarter, despite an annual decline of -28.05 %. Interest expenses surged remarkably by 0.78 % from the previous quarter, yet the year-over-year decrease remains at a moderate -23.35 %. Depreciation costs fell by -1.86 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -3.15 %. Profit before tax grew annually by 5.9 % but saw an increase from the preceding quarter by 28.99 %.
Net profit rose by 6 % year-on-year but experienced a 28.93 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 5.8 % but a quarterly rise of 28.57 %. In summary, Indian Acrylics 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. 138.015 Cr | Rs. 106.338 Cr | Rs. 114.162 Cr | + 7.36 % | -17.28 % |
Expenses | Rs. 138.94 Cr | Rs. 110.19 Cr | Rs. 115.54 Cr | + 4.86 % | -16.84 % |
Operating Profit | Rs. -0.92 Cr | Rs. -3.85 Cr | Rs. -1.38 Cr | + 64.16 % | -50 % |
Net Profit | Rs. -9.33 Cr | Rs. -12.34 Cr | Rs. -8.77 Cr | + 28.93 % | + 6 % |
EPS in Rs | Rs. -0.69 | Rs. -0.91 | Rs. -0.65 | + 28.57 % | + 5.8 % |
In reviewing Indian Acrylics Ltd’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -17.28 % year-on-year, however, there was a minor increase of 7.36 % from the previous quarter. Expenses decreased by -16.84 % compared to the previous year, with a 4.86 % increase quarter-on-quarter. Operating Profit dropped by -50 % annually, and saw a 64.16 % increase from the last quarter.
Net Profit showed yearly increase of 6 %, and experienced a 28.93 % increase from the previous quarter. Earnings Per Share (EPS) rose by 5.8 % annually, however rose by 28.57 % compared to the last quarter. In essence, while Indian Acrylics 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.