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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 -7.2 % over the year, substantial increase in net sales/revenue by 8.89 %.
- 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 369.78 %. Marginal increase in other income during this quarter, up by 26.71%.
- Profit over the Year and quarter: Challenges in sustaining profitability for GOKAK TEXTILES LTD.. Profit dropped by -47.73 % Year to Year, GOKAK TEXTILES LTD.’s profitability dropped by -18.93 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -37.97 % Year to Year. EPS decreased by -50.57 % 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. 28.475 Cr | Rs. 24.266 Cr | Rs. 26.424 Cr | + 8.89 % | -7.2 % |
| Expenses | Rs. 33.76 Cr | Rs. 22.79 Cr | Rs. 21.53 Cr | -5.53 % | -36.23 % |
| Operating Profit | Rs. -5.29 Cr | Rs. 1.48 Cr | Rs. 4.89 Cr | + 230.41 % | + 192.44 % |
| OPM % | -18.58 % | 6.1 % | 18.51 % | + 12.41 % | + 37.09 % |
| Other Income | Rs. 0.417 Cr | Rs. 1.546 Cr | Rs. 1.959 Cr | + 26.71 % | + 369.78 % |
| Interest | Rs. 2.76 Cr | Rs. 3.72 Cr | Rs. 6.56 Cr | + 76.34 % | + 137.68 % |
| Depreciation | Rs. 1.45 Cr | Rs. 5.15 Cr | Rs. 5.03 Cr | -2.33 % | + 246.9 % |
| Profit before tax | Rs. -9.08 Cr | Rs. -5.84 Cr | Rs. -4.74 Cr | + 18.84 % | + 47.8 % |
| Tax % | -0 % | -0 % | -0 % | 0 % | 0 % |
| Net Profit | Rs. -9.07 Cr | Rs. -5.85 Cr | Rs. -4.74 Cr | + 18.97 % | + 47.74 % |
| EPS in Rs | Rs. -12.51 | Rs. -15.7 | Rs. -7.76 | + 50.57 % | + 37.97 % |
Today, we’re looking at GOKAK TEXTILES 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 -7.2 %. However, it did see a marginal increase of 8.89 % from the previous quarter. Expenses decreased slightly by -5.53 % quarter-on-quarter, aligning with the annual decline of -36.23 %. Operating profit, while up 192.44 % compared to last year, faced a quarter-on-quarter increase of 230.41 %, 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 37.09 %, but an expansion of 12.41 % sequentially. Other income rose by 26.71 % compared to the last quarter, despite an annual growth of 369.78 %. Interest expenses surged remarkably by 76.34 % from the previous quarter, yet the year-over-year increase remains at a moderate 137.68 %. Depreciation costs fell by -2.33 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 246.9 %. Profit before tax grew annually by 47.8 % but saw an increase from the preceding quarter by 18.84 %.
Net profit rose by 47.74 % year-on-year but experienced a 18.97 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 37.97 % but a quarterly rise of 50.57 %. In summary, GOKAK TEXTILES 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. 28.475 Cr | Rs. 24.266 Cr | Rs. 26.424 Cr | + 8.89 % | -7.2 % |
| Expenses | Rs. 33.76 Cr | Rs. 22.79 Cr | Rs. 21.53 Cr | -5.53 % | -36.23 % |
| Operating Profit | Rs. -5.29 Cr | Rs. 1.48 Cr | Rs. 4.89 Cr | + 230.41 % | + 192.44 % |
| Net Profit | Rs. -9.07 Cr | Rs. -5.85 Cr | Rs. -4.74 Cr | + 18.97 % | + 47.74 % |
| EPS in Rs | Rs. -12.51 | Rs. -15.7 | Rs. -7.76 | + 50.57 % | + 37.97 % |
In reviewing GOKAK TEXTILES LTD.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -7.2 % year-on-year, however, there was a minor increase of 8.89 % from the previous quarter. Expenses decreased by -36.23 % compared to the previous year, with a decrease of -5.53 % quarter-on-quarter. Operating Profit surged by 192.44 % annually, and saw a 230.41 % increase from the last quarter.
Net Profit showed yearly increase of 47.74 %, and experienced a 18.97 % increase from the previous quarter. Earnings Per Share (EPS) rose by 37.97 % annually, however rose by 50.57 % compared to the last quarter. In essence, while GOKAK TEXTILES 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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