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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 experienced a substantial growth of 12.32 % in the past year, decrease in net sales/revenue by -11.8 %.
- 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 1.59 %. Marginal decrease of -30.43% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for AARNAV FASHIONS LIMITED. Notable increase of 661.97 % in net profit Year to Year, AARNAV FASHIONS LIMITED’s profitability dropped by -18.92 % Quarter to Quarter.
- EPS over the Year and quarter:
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 78.671 Cr | Rs. 100.188 Cr | Rs. 88.365 Cr | -11.8 % | + 12.32 % |
Expenses | Rs. 73.44 Cr | Rs. 91.87 Cr | Rs. 81.41 Cr | -11.39 % | + 10.85 % |
Operating Profit | Rs. 5.23 Cr | Rs. 8.32 Cr | Rs. 6.96 Cr | -16.35 % | + 33.08 % |
OPM % | 6.65 % | 8.3 % | 7.88 % | -0.42 % | + 1.23 % |
Other Income | Rs. 0.063 Cr | Rs. 0.092 Cr | Rs. 0.064 Cr | -30.43 % | + 1.59 % |
Interest | Rs. 3.19 Cr | Rs. 3.08 Cr | Rs. 2.84 Cr | -7.79 % | -10.97 % |
Depreciation | Rs. 1.78 Cr | Rs. 2.33 Cr | Rs. 1.79 Cr | -23.18 % | + 0.56 % |
Profit before tax | Rs. 0.32 Cr | Rs. 3 Cr | Rs. 2.39 Cr | -20.33 % | + 646.88 % |
Tax % | 28.22 % | 26.68 % | 25.49 % | -1.19 % | -2.73 % |
Net Profit | Rs. 0.23 Cr | Rs. 2.2 Cr | Rs. 1.78 Cr | -19.09 % | + 673.91 % |
EPS in Rs | Rs. 0.06 | Rs. 0.52 | Rs. 0 | 0 % | 0 % |
Today, we’re looking at AARNAV FASHIONS LIMITED’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 12.32 %. However, it did see a marginal slip of -11.8 % from the previous quarter. Expenses decreased slightly by -11.39 % quarter-on-quarter, aligning with the annual rise of 10.85 %. Operating profit, while up 33.08 % compared to last year, faced a quarter-on-quarter dip of -16.35 %, 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 1.23 %, but a shrinkage of -0.42 % sequentially. Other income fell by -30.43 % compared to the last quarter, despite an annual growth of 1.59 %. Interest expenses dropped significantly by -7.79 % from the previous quarter, yet the year-over-year decrease remains at a moderate -10.97 %. Depreciation costs fell by -23.18 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 0.56 %. Profit before tax grew annually by 646.88 % but saw a reduction from the preceding quarter by -20.33 %.
Tax expenses as a percentage of profits decreased slightly by -2.73 % compared to last year, with a more notable quarter-on-quarter decrease of -1.19 %. Net profit rose by 673.91 % year-on-year but witnessed a -19.09 % contraction from the last quarter. In summary, AARNAV FASHIONS 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. 78.671 Cr | Rs. 100.188 Cr | Rs. 88.365 Cr | -11.8 % | + 12.32 % |
Expenses | Rs. 73.44 Cr | Rs. 91.87 Cr | Rs. 81.41 Cr | -11.39 % | + 10.85 % |
Operating Profit | Rs. 5.23 Cr | Rs. 8.32 Cr | Rs. 6.96 Cr | -16.35 % | + 33.08 % |
Net Profit | Rs. 0.23 Cr | Rs. 2.2 Cr | Rs. 1.78 Cr | -19.09 % | + 673.91 % |
EPS in Rs | Rs. 0.06 | Rs. 0.52 | Rs. 0 | 0 % | 0 % |
In reviewing AARNAV FASHIONS LIMITED’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 12.32 % year-on-year growth, although there was a slight dip of -11.8 % from the previous quarter. Expenses rose by 10.85 % compared to the previous year, with a decrease of -11.39 % quarter-on-quarter. Operating Profit surged by 33.08 % annually, and saw a -16.35 % decrease from the last quarter.
Net Profit showed yearly increase of 673.91 %, and experienced a -19.09 % decrease from the previous quarter. In essence, while AARNAV FASHIONS LIMITED 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.