Share the post "Rajkamal Synthetics announces Q1 results: Profit Rises by 128.57% 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 experienced a substantial growth of 357.98 % in the past year, substantial increase in net sales/revenue by 163.29 %.
- Profit over the Year and quarter: Significant improvement in profitability for Rajkamal Synthetics Ltd.. Notable increase of 119.72 % in net profit Year to Year, Rajkamal Synthetics Ltd.’s profitability increased by 75.28 % in this quarter.
- EPS over the Year and quarter: EPS increased by 118.18 % Year to Year. EPS increased by 71.43 % in previous quarter. Positive impact on shareholders.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 0.119 Cr | Rs. 0.207 Cr | Rs. 0.545 Cr | + 163.29 % | + 357.98 % |
Expenses | Rs. 0.05 Cr | Rs. 0.11 Cr | Rs. 0.39 Cr | + 254.55 % | + 680 % |
Operating Profit | Rs. 0.07 Cr | Rs. 0.1 Cr | Rs. 0.16 Cr | + 60 % | + 128.57 % |
OPM % | 58.82 % | 48.31 % | 29.36 % | -18.95 % | -29.46 % |
Other Income | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
Interest | Rs. 0 Cr | Rs. 0.01 Cr | Rs. 0 Cr | 0 % | 0 % |
Depreciation | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
Profit before tax | Rs. 0.07 Cr | Rs. 0.09 Cr | Rs. 0.16 Cr | + 77.78 % | + 128.57 % |
Tax % | 0 % | 0 % | 0 % | 0 % | 0 % |
Net Profit | Rs. 0.07 Cr | Rs. 0.09 Cr | Rs. 0.16 Cr | + 77.78 % | + 128.57 % |
EPS in Rs | Rs. 0.11 | Rs. 0.14 | Rs. 0.24 | + 71.43 % | + 118.18 % |
Today, we’re looking at Rajkamal Synthetics 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 357.98 %. However, it did see a marginal increase of 163.29 % from the previous quarter. Expenses ticked up slightly by 254.55 % quarter-on-quarter, aligning with the annual rise of 680 %. Operating profit, while up 128.57 % compared to last year, faced a quarter-on-quarter increase of 60 %, 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 -29.46 %, but a shrinkage of -18.95 % sequentially. Profit before tax grew annually by 128.57 % but saw an increase from the preceding quarter by 77.78 %.
Net profit rose by 128.57 % year-on-year but experienced a 77.78 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 118.18 % but a quarterly rise of 71.43 %. In summary, Rajkamal Synthetics 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. 0.119 Cr | Rs. 0.207 Cr | Rs. 0.545 Cr | + 163.29 % | + 357.98 % |
Expenses | Rs. 0.05 Cr | Rs. 0.11 Cr | Rs. 0.39 Cr | + 254.55 % | + 680 % |
Operating Profit | Rs. 0.07 Cr | Rs. 0.1 Cr | Rs. 0.16 Cr | + 60 % | + 128.57 % |
Net Profit | Rs. 0.07 Cr | Rs. 0.09 Cr | Rs. 0.16 Cr | + 77.78 % | + 128.57 % |
EPS in Rs | Rs. 0.11 | Rs. 0.14 | Rs. 0.24 | + 71.43 % | + 118.18 % |
In reviewing Rajkamal Synthetics Ltd.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 357.98 % year-on-year growth, however, there was a minor increase of 163.29 % from the previous quarter. Expenses rose by 680 % compared to the previous year, with a 254.55 % increase quarter-on-quarter. Operating Profit surged by 128.57 % annually, and saw a 60 % increase from the last quarter.
Net Profit showed yearly increase of 128.57 %, and experienced a 77.78 % increase from the previous quarter. Earnings Per Share (EPS) rose by 118.18 % annually, however rose by 71.43 % compared to the last quarter. In essence, while Rajkamal Synthetics 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.