Share the post "Aarti Industries announced Financial Results Q1 2024"
Highlights
- The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company experienced a substantial growth of 31.21 % in the past year, substantial increase in net sales/revenue by 4.6 %.
- 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 28150 %. Marginal increase in other income during this quarter, up by 11400%.
- Profit over the Year and quarter: Significant improvement in profitability for Aarti Industries Limited. Notable increase of 95.85 % in net profit Year to Year, Aarti Industries Limited’s profitability increased by 3.69 % in this quarter.
- EPS over the Year and quarter: EPS increased by 95.34 % Year to Year. EPS increased by 3.57 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 1413.6 Cr | Rs. 1773.14 Cr | Rs. 1854.78 Cr | + 4.6 % | + 31.21 % |
| Expenses | Rs. 1212.45 Cr | Rs. 1490.14 Cr | Rs. 1549.73 Cr | + 4 % | + 27.82 % |
| Operating Profit | Rs. 201.15 Cr | Rs. 283 Cr | Rs. 305.05 Cr | + 7.79 % | + 51.65 % |
| OPM % | 14.23 % | 15.96 % | 16.45 % | + 0.49 % | + 2.22 % |
| Other Income | Rs. 0.02 Cr | Rs. -0.05 Cr | Rs. 5.65 Cr | + 11400 % | + 28150 % |
| Interest | Rs. 40.35 Cr | Rs. 58.87 Cr | Rs. 63.64 Cr | + 8.1 % | + 57.72 % |
| Depreciation | Rs. 89.35 Cr | Rs. 98.32 Cr | Rs. 102.3 Cr | + 4.05 % | + 14.49 % |
| Profit before tax | Rs. 71.47 Cr | Rs. 125.76 Cr | Rs. 144.76 Cr | + 15.11 % | + 102.55 % |
| Tax % | 2.29 % | 4.87 % | 5.53 % | + 0.66 % | + 3.24 % |
| Net Profit | Rs. 69.83 Cr | Rs. 131.89 Cr | Rs. 136.76 Cr | + 3.69 % | + 95.85 % |
| EPS in Rs | Rs. 1.93 | Rs. 3.64 | Rs. 3.77 | + 3.57 % | + 95.34 % |
Today, we’re looking at Aarti Industries 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 31.21 %. However, it did see a marginal increase of 4.6 % from the previous quarter. Expenses ticked up slightly by 4 % quarter-on-quarter, aligning with the annual rise of 27.82 %. Operating profit, while up 51.65 % compared to last year, faced a quarter-on-quarter increase of 7.79 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 2.22 %, but an expansion of 0.49 % sequentially. Other income rose by 11400 % compared to the last quarter, despite an annual growth of 28150 %. Interest expenses surged remarkably by 8.1 % from the previous quarter, yet the year-over-year increase remains at a moderate 57.72 %. Depreciation costs climbed by 4.05 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 14.49 %. Profit before tax grew annually by 102.55 % but saw an increase from the preceding quarter by 15.11 %.
Tax expenses as a percentage of profits increased slightly by 3.24 % compared to last year, with a more notable quarter-on-quarter increase of 0.66 %. Net profit rose by 95.85 % year-on-year but experienced a 3.69 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 95.34 % but a quarterly rise of 3.57 %. In summary, Aarti Industries 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. 1413.6 Cr | Rs. 1773.14 Cr | Rs. 1854.78 Cr | + 4.6 % | + 31.21 % |
| Expenses | Rs. 1212.45 Cr | Rs. 1490.14 Cr | Rs. 1549.73 Cr | + 4 % | + 27.82 % |
| Operating Profit | Rs. 201.15 Cr | Rs. 283 Cr | Rs. 305.05 Cr | + 7.79 % | + 51.65 % |
| Net Profit | Rs. 69.83 Cr | Rs. 131.89 Cr | Rs. 136.76 Cr | + 3.69 % | + 95.85 % |
| EPS in Rs | Rs. 1.93 | Rs. 3.64 | Rs. 3.77 | + 3.57 % | + 95.34 % |
In reviewing Aarti Industries Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 31.21 % year-on-year growth, however, there was a minor increase of 4.6 % from the previous quarter. Expenses rose by 27.82 % compared to the previous year, with a 4 % increase quarter-on-quarter. Operating Profit surged by 51.65 % annually, and saw a 7.79 % increase from the last quarter.
Net Profit showed yearly increase of 95.85 %, and experienced a 3.69 % increase from the previous quarter. Earnings Per Share (EPS) rose by 95.34 % annually, however rose by 3.57 % compared to the last quarter. In essence, while Aarti Industries 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.
[my_shortcode1 values=”Aarti Industries “]
