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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’s sales declined by -20.5 % over the year, substantial increase in net sales/revenue by 17.35 %.
- 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 17.55 %. Marginal decrease of -39.52% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Amco India Ltd.. Notable increase of 832 % in net profit Year to Year, Amco India Ltd.’s profitability increased by 90.2 % in this quarter.
- EPS over the Year and quarter: EPS increased by 841.67 % Year to Year. EPS increased by 88.33 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 29.496 Cr | Rs. 19.983 Cr | Rs. 23.45 Cr | + 17.35 % | -20.5 % |
| Expenses | Rs. 29.17 Cr | Rs. 19.73 Cr | Rs. 22.65 Cr | + 14.8 % | -22.35 % |
| Operating Profit | Rs. 0.33 Cr | Rs. 0.25 Cr | Rs. 0.8 Cr | + 220 % | + 142.42 % |
| OPM % | 1.12 % | 1.25 % | 3.41 % | + 2.16 % | + 2.29 % |
| Other Income | Rs. 0.302 Cr | Rs. 0.587 Cr | Rs. 0.355 Cr | -39.52 % | + 17.55 % |
| Interest | Rs. 0.27 Cr | Rs. 0.3 Cr | Rs. 0.26 Cr | -13.33 % | -3.7 % |
| Depreciation | Rs. 0.29 Cr | Rs. 0.23 Cr | Rs. 0.27 Cr | + 17.39 % | -6.9 % |
| Profit before tax | Rs. 0.07 Cr | Rs. 0.31 Cr | Rs. 0.63 Cr | + 103.23 % | + 800 % |
| Tax % | 26.87 % | 20.71 % | 26.07 % | + 5.36 % | -0.8 % |
| Net Profit | Rs. 0.05 Cr | Rs. 0.25 Cr | Rs. 0.47 Cr | + 88 % | + 840 % |
| EPS in Rs | Rs. 0.12 | Rs. 0.6 | Rs. 1.13 | + 88.33 % | + 841.67 % |
Today, we’re looking at Amco India 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 -20.5 %. However, it did see a marginal increase of 17.35 % from the previous quarter. Expenses ticked up slightly by 14.8 % quarter-on-quarter, aligning with the annual decline of -22.35 %. Operating profit, while up 142.42 % compared to last year, faced a quarter-on-quarter increase of 220 %, 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 2.29 %, but an expansion of 2.16 % sequentially. Other income fell by -39.52 % compared to the last quarter, despite an annual growth of 17.55 %. Interest expenses dropped significantly by -13.33 % from the previous quarter, yet the year-over-year decrease remains at a moderate -3.7 %. Depreciation costs climbed by 17.39 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -6.9 %. Profit before tax grew annually by 800 % but saw an increase from the preceding quarter by 103.23 %.
Tax expenses as a percentage of profits decreased slightly by -0.8 % compared to last year, with a more notable quarter-on-quarter increase of 5.36 %. Net profit rose by 840 % year-on-year but experienced a 88 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 841.67 % but a quarterly rise of 88.33 %. In summary, Amco India 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. 29.496 Cr | Rs. 19.983 Cr | Rs. 23.45 Cr | + 17.35 % | -20.5 % |
| Expenses | Rs. 29.17 Cr | Rs. 19.73 Cr | Rs. 22.65 Cr | + 14.8 % | -22.35 % |
| Operating Profit | Rs. 0.33 Cr | Rs. 0.25 Cr | Rs. 0.8 Cr | + 220 % | + 142.42 % |
| Net Profit | Rs. 0.05 Cr | Rs. 0.25 Cr | Rs. 0.47 Cr | + 88 % | + 840 % |
| EPS in Rs | Rs. 0.12 | Rs. 0.6 | Rs. 1.13 | + 88.33 % | + 841.67 % |
In reviewing Amco India Ltd.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -20.5 % year-on-year, however, there was a minor increase of 17.35 % from the previous quarter. Expenses decreased by -22.35 % compared to the previous year, with a 14.8 % increase quarter-on-quarter. Operating Profit surged by 142.42 % annually, and saw a 220 % increase from the last quarter.
Net Profit showed yearly increase of 840 %, and experienced a 88 % increase from the previous quarter. Earnings Per Share (EPS) rose by 841.67 % annually, however rose by 88.33 % compared to the last quarter. In essence, while Amco India 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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