Share the post "Nagarjuna Agritech announces Q1 Report: Revenue Dropped by 98.68% 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 -98.68 % over the year, decrease in net sales/revenue by -99.19 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -98.72 %, Marginal increase in other income during this quarter, up by 102.05%.
- Profit over the Year and quarter: Challenges in sustaining profitability for Nagarjuna Agritech Ltd.. Profit dropped by -101.35 % Year to Year, Nagarjuna Agritech Ltd.’s profitability dropped by -96.95 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -101.28 % Year to Year. EPS decreased by -96.24 % 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. 0.456 Cr | Rs. 0.737 Cr | Rs. 0.006 Cr | -99.19 % | -98.68 % |
| Expenses | Rs. 1.14 Cr | Rs. 1.37 Cr | Rs. 0.17 Cr | -87.59 % | -85.09 % |
| Operating Profit | Rs. -0.68 Cr | Rs. -0.63 Cr | Rs. -0.16 Cr | + 74.6 % | + 76.47 % |
| OPM % | -149.12 % | -85.48 % | -2666.67 % | -2581.19 % | -2517.55 % |
| Other Income | Rs. 6.562 Cr | Rs. -4.106 Cr | Rs. 0.084 Cr | + 102.05 % | -98.72 % |
| Interest | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Depreciation | Rs. 0.03 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Profit before tax | Rs. 5.85 Cr | Rs. -4.74 Cr | Rs. -0.08 Cr | + 98.31 % | -101.37 % |
| Tax % | 0 % | -29.5 % | -0 % | + 29.5 % | 0 % |
| Net Profit | Rs. 5.86 Cr | Rs. -2.59 Cr | Rs. -0.08 Cr | + 96.91 % | -101.37 % |
| EPS in Rs | Rs. 6.25 | Rs. -2.13 | Rs. -0.08 | + 96.24 % | -101.28 % |
Today, we’re looking at Nagarjuna Agritech 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 -98.68 %. However, it did see a marginal slip of -99.19 % from the previous quarter. Expenses decreased slightly by -87.59 % quarter-on-quarter, aligning with the annual decline of -85.09 %. Operating profit, while up 76.47 % compared to last year, faced a quarter-on-quarter increase of 74.6 %, 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 -2517.55 %, but a shrinkage of -2581.19 % sequentially. Other income rose by 102.05 % compared to the last quarter, despite an annual decline of -98.72 %. Profit before tax declined annually by -101.37 % but saw an increase from the preceding quarter by 98.31 %.
with a more notable quarter-on-quarter increase of 29.5 %. Net profit fell by -101.37 % year-on-year but experienced a 96.91 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -101.28 % but a quarterly rise of 96.24 %. In summary, Nagarjuna Agritech 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. 0.456 Cr | Rs. 0.737 Cr | Rs. 0.006 Cr | -99.19 % | -98.68 % |
| Expenses | Rs. 1.14 Cr | Rs. 1.37 Cr | Rs. 0.17 Cr | -87.59 % | -85.09 % |
| Operating Profit | Rs. -0.68 Cr | Rs. -0.63 Cr | Rs. -0.16 Cr | + 74.6 % | + 76.47 % |
| Net Profit | Rs. 5.86 Cr | Rs. -2.59 Cr | Rs. -0.08 Cr | + 96.91 % | -101.37 % |
| EPS in Rs | Rs. 6.25 | Rs. -2.13 | Rs. -0.08 | + 96.24 % | -101.28 % |
In reviewing Nagarjuna Agritech Ltd.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -98.68 % year-on-year, although there was a slight dip of -99.19 % from the previous quarter. Expenses decreased by -85.09 % compared to the previous year, with a decrease of -87.59 % quarter-on-quarter. Operating Profit surged by 76.47 % annually, and saw a 74.6 % increase from the last quarter.
Net Profit showed yearly decrease of -101.37 %, and experienced a 96.91 % increase from the previous quarter. Earnings Per Share (EPS) fell by -101.28 % annually, however rose by 96.24 % compared to the last quarter. In essence, while Nagarjuna Agritech Ltd. faces strong annual decline 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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