Highlights
- Sales over the Year and quarter: The company’s sales declined by -5.52 % over the year, substantial increase in net sales/revenue by 7.45 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is %,
- Profit over the Year and quarter: Significant improvement in profitability for A.K. Spintex Ltd.. Notable increase of 35.95 % in net profit Year to Year, A.K. Spintex Ltd.’s profitability dropped by -23.7 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 35.83 % Year to Year. EPS decreased by -23.77 % 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. 32.323 Cr | Rs. 28.421 Cr | Rs. 30.538 Cr | + 7.45 % | -5.52 % |
| Expenses | Rs. 28.53 Cr | Rs. 22.95 Cr | Rs. 25.76 Cr | + 12.24 % | -9.71 % |
| Operating Profit | Rs. 3.79 Cr | Rs. 5.47 Cr | Rs. 4.78 Cr | -12.61 % | + 26.12 % |
| OPM % | 11.73 % | 19.25 % | 15.65 % | -3.6 % | + 3.92 % |
| Other Income | Rs. 0.06 Cr | Rs. -0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Interest | Rs. 0.23 Cr | Rs. 0.16 Cr | Rs. 0.18 Cr | + 12.5 % | -21.74 % |
| Depreciation | Rs. 1.63 Cr | Rs. 1.63 Cr | Rs. 2.19 Cr | + 34.36 % | + 34.36 % |
| Profit before tax | Rs. 1.99 Cr | Rs. 3.68 Cr | Rs. 2.41 Cr | -34.51 % | + 21.11 % |
| Tax % | 22.61 % | 25.33 % | 12.94 % | -12.39 % | -9.67 % |
| Net Profit | Rs. 1.54 Cr | Rs. 2.75 Cr | Rs. 2.1 Cr | -23.64 % | + 36.36 % |
| EPS in Rs | Rs. 3.07 | Rs. 5.47 | Rs. 4.17 | -23.77 % | + 35.83 % |
Today, we’re looking at A.K. Spintex Ltd.’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -5.52 %. However, it did see a marginal increase of 7.45 % from the previous quarter. Expenses ticked up slightly by 12.24 % quarter-on-quarter, aligning with the annual decline of -9.71 %. Operating profit, while up 26.12 % compared to last year, faced a quarter-on-quarter dip of -12.61 %, 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 3.92 %, but a shrinkage of -3.6 % sequentially. Interest expenses surged remarkably by 12.5 % from the previous quarter, yet the year-over-year decrease remains at a moderate -21.74 %. Depreciation costs climbed by 34.36 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 34.36 %. Profit before tax grew annually by 21.11 % but saw a reduction from the preceding quarter by -34.51 %.
Tax expenses as a percentage of profits decreased slightly by -9.67 % compared to last year, with a more notable quarter-on-quarter decrease of -12.39 %. Net profit rose by 36.36 % year-on-year but witnessed a -23.64 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 35.83 % but a quarterly fall of -23.77 %. In summary, A.K. Spintex 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. 32.323 Cr | Rs. 28.421 Cr | Rs. 30.538 Cr | + 7.45 % | -5.52 % |
| Expenses | Rs. 28.53 Cr | Rs. 22.95 Cr | Rs. 25.76 Cr | + 12.24 % | -9.71 % |
| Operating Profit | Rs. 3.79 Cr | Rs. 5.47 Cr | Rs. 4.78 Cr | -12.61 % | + 26.12 % |
| Net Profit | Rs. 1.54 Cr | Rs. 2.75 Cr | Rs. 2.1 Cr | -23.64 % | + 36.36 % |
| EPS in Rs | Rs. 3.07 | Rs. 5.47 | Rs. 4.17 | -23.77 % | + 35.83 % |
In reviewing A.K. Spintex Ltd.’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -5.52 % year-on-year, however, there was a minor increase of 7.45 % from the previous quarter. Expenses decreased by -9.71 % compared to the previous year, with a 12.24 % increase quarter-on-quarter. Operating Profit surged by 26.12 % annually, and saw a -12.61 % decrease from the last quarter.
Net Profit showed yearly increase of 36.36 %, and experienced a -23.64 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 35.83 % annually, however dipped by -23.77 % compared to the last quarter. In essence, while A.K. Spintex 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.
