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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 31.04 % in the past year, decrease in net sales/revenue by -9.21 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -28.57 %, Marginal decrease of -64.29% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Gorani Industries Ltd.. Notable increase of 42.98 % in net profit Year to Year, Gorani Industries Ltd.’s profitability dropped by -12.84 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 43.94 % Year to Year. EPS decreased by -12.84 % 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. 8.037 Cr | Rs. 11.601 Cr | Rs. 10.532 Cr | -9.21 % | + 31.04 % |
Expenses | Rs. 7.28 Cr | Rs. 10.55 Cr | Rs. 9.52 Cr | -9.76 % | + 30.77 % |
Operating Profit | Rs. 0.76 Cr | Rs. 1.05 Cr | Rs. 1.01 Cr | -3.81 % | + 32.89 % |
OPM % | 9.46 % | 9.05 % | 9.59 % | + 0.54 % | + 0.13 % |
Other Income | Rs. 0.035 Cr | Rs. 0.07 Cr | Rs. 0.025 Cr | -64.29 % | -28.57 % |
Interest | Rs. 0.21 Cr | Rs. 0.29 Cr | Rs. 0.25 Cr | -13.79 % | + 19.05 % |
Depreciation | Rs. 0.1 Cr | Rs. 0.1 Cr | Rs. 0.1 Cr | + 0 % | + 0 % |
Profit before tax | Rs. 0.49 Cr | Rs. 0.73 Cr | Rs. 0.69 Cr | -5.48 % | + 40.82 % |
Tax % | 25.99 % | 20.22 % | 25.98 % | + 5.76 % | -0.01 % |
Net Profit | Rs. 0.36 Cr | Rs. 0.58 Cr | Rs. 0.51 Cr | -12.07 % | + 41.67 % |
EPS in Rs | Rs. 0.66 | Rs. 1.09 | Rs. 0.95 | -12.84 % | + 43.94 % |
Today, we’re looking at Gorani Industries 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 31.04 %. However, it did see a marginal slip of -9.21 % from the previous quarter. Expenses decreased slightly by -9.76 % quarter-on-quarter, aligning with the annual rise of 30.77 %. Operating profit, while up 32.89 % compared to last year, faced a quarter-on-quarter dip of -3.81 %, 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 0.13 %, but an expansion of 0.54 % sequentially. Other income fell by -64.29 % compared to the last quarter, despite an annual decline of -28.57 %. Interest expenses dropped significantly by -13.79 % from the previous quarter, yet the year-over-year increase remains at a moderate 19.05 %. Depreciation costs climbed by 0 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 0 %. Profit before tax grew annually by 40.82 % but saw a reduction from the preceding quarter by -5.48 %.
Tax expenses as a percentage of profits decreased slightly by -0.01 % compared to last year, with a more notable quarter-on-quarter increase of 5.76 %. Net profit rose by 41.67 % year-on-year but witnessed a -12.07 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 43.94 % but a quarterly fall of -12.84 %. In summary, Gorani 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. 8.037 Cr | Rs. 11.601 Cr | Rs. 10.532 Cr | -9.21 % | + 31.04 % |
Expenses | Rs. 7.28 Cr | Rs. 10.55 Cr | Rs. 9.52 Cr | -9.76 % | + 30.77 % |
Operating Profit | Rs. 0.76 Cr | Rs. 1.05 Cr | Rs. 1.01 Cr | -3.81 % | + 32.89 % |
Net Profit | Rs. 0.36 Cr | Rs. 0.58 Cr | Rs. 0.51 Cr | -12.07 % | + 41.67 % |
EPS in Rs | Rs. 0.66 | Rs. 1.09 | Rs. 0.95 | -12.84 % | + 43.94 % |
In reviewing Gorani Industries Ltd.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 31.04 % year-on-year growth, although there was a slight dip of -9.21 % from the previous quarter. Expenses rose by 30.77 % compared to the previous year, with a decrease of -9.76 % quarter-on-quarter. Operating Profit surged by 32.89 % annually, and saw a -3.81 % decrease from the last quarter.
Net Profit showed yearly increase of 41.67 %, and experienced a -12.07 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 43.94 % annually, however dipped by -12.84 % compared to the last quarter. In essence, while Gorani 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.
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