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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’s sales declined by -1.62 % over the year, decrease in net sales/revenue by -6.92 %.
- 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 578.57 %. Marginal increase in other income during this quarter, up by 4650%.
- Profit over the Year and quarter: Challenges in sustaining profitability for Aanchal Ispat Limited. Profit dropped by -100.59 % Year to Year, Aanchal Ispat Limited’s profitability dropped by -99.09 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -101.12 % Year to Year. EPS decreased by -99.14 % 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. 44.714 Cr | Rs. 47.261 Cr | Rs. 43.989 Cr | -6.92 % | -1.62 % |
Expenses | Rs. 44.31 Cr | Rs. 46.47 Cr | Rs. 43.93 Cr | -5.47 % | -0.86 % |
Operating Profit | Rs. 0.4 Cr | Rs. 0.79 Cr | Rs. 0.06 Cr | -92.41 % | -85 % |
OPM % | 0.89 % | 1.67 % | 0.14 % | -1.53 % | -0.75 % |
Other Income | Rs. 0.014 Cr | Rs. 0.002 Cr | Rs. 0.095 Cr | + 4650 % | + 578.57 % |
Interest | Rs. 2.13 Cr | Rs. 0.73 Cr | Rs. 0.01 Cr | -98.63 % | -99.53 % |
Depreciation | Rs. 0.16 Cr | Rs. 0.16 Cr | Rs. 0.13 Cr | -18.75 % | -18.75 % |
Profit before tax | Rs. -1.88 Cr | Rs. -0.1 Cr | Rs. 0.02 Cr | + 120 % | + 101.06 % |
Tax % | -0 % | -1470.45 % | 15.38 % | + 1485.83 % | + 15.38 % |
Net Profit | Rs. -1.87 Cr | Rs. 1.21 Cr | Rs. 0.01 Cr | -99.17 % | + 100.53 % |
EPS in Rs | Rs. -0.89 | Rs. 1.16 | Rs. 0.01 | -99.14 % | + 101.12 % |
Today, we’re looking at Aanchal Ispat Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -1.62 %. However, it did see a marginal slip of -6.92 % from the previous quarter. Expenses decreased slightly by -5.47 % quarter-on-quarter, aligning with the annual decline of -0.86 %. Operating profit, while down -85 % compared to last year, faced a quarter-on-quarter dip of -92.41 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -0.75 %, but a shrinkage of -1.53 % sequentially. Other income rose by 4650 % compared to the last quarter, despite an annual growth of 578.57 %. Interest expenses dropped significantly by -98.63 % from the previous quarter, yet the year-over-year decrease remains at a moderate -99.53 %. Depreciation costs fell by -18.75 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -18.75 %. Profit before tax grew annually by 101.06 % but saw an increase from the preceding quarter by 120 %.
Tax expenses as a percentage of profits increased slightly by 15.38 % compared to last year, with a more notable quarter-on-quarter increase of 1485.83 %. Net profit rose by 100.53 % year-on-year but witnessed a -99.17 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 101.12 % but a quarterly fall of -99.14 %. In summary, Aanchal Ispat Limited’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. 44.714 Cr | Rs. 47.261 Cr | Rs. 43.989 Cr | -6.92 % | -1.62 % |
Expenses | Rs. 44.31 Cr | Rs. 46.47 Cr | Rs. 43.93 Cr | -5.47 % | -0.86 % |
Operating Profit | Rs. 0.4 Cr | Rs. 0.79 Cr | Rs. 0.06 Cr | -92.41 % | -85 % |
Net Profit | Rs. -1.87 Cr | Rs. 1.21 Cr | Rs. 0.01 Cr | -99.17 % | + 100.53 % |
EPS in Rs | Rs. -0.89 | Rs. 1.16 | Rs. 0.01 | -99.14 % | + 101.12 % |
In reviewing Aanchal Ispat Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -1.62 % year-on-year, although there was a slight dip of -6.92 % from the previous quarter. Expenses decreased by -0.86 % compared to the previous year, with a decrease of -5.47 % quarter-on-quarter. Operating Profit dropped by -85 % annually, and saw a -92.41 % decrease from the last quarter.
Net Profit showed yearly increase of 100.53 %, and experienced a -99.17 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 101.12 % annually, however dipped by -99.14 % compared to the last quarter. In essence, while Aanchal Ispat Limited 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.