Share the post "Aarti Surfactants : Q1 2024 Financial Quarterly Report : YoY Sales Down 3.56 %, QoQ Down 9.55 %"
Highlights
- Sales over the Year and quarter: The company’s sales declined by -3.56 % over the year, decrease in net sales/revenue by -9.55 %.
- 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 1533.33 %. Marginal increase in other income during this quarter, up by 590%.
- Profit over the Year and quarter: Challenges in sustaining profitability for Aarti Surfactants Limited. Profit dropped by -57.7 % Year to Year, Aarti Surfactants Limited’s profitability dropped by -52.28 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -60.36 % Year to Year. EPS decreased by -54.91 % 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. 148.701 Cr | Rs. 158.549 Cr | Rs. 143.409 Cr | -9.55 % | -3.56 % |
Expenses | Rs. 133.9 Cr | Rs. 144.21 Cr | Rs. 133.78 Cr | -7.23 % | -0.09 % |
Operating Profit | Rs. 14.8 Cr | Rs. 14.34 Cr | Rs. 9.63 Cr | -32.85 % | -34.93 % |
OPM % | 9.95 % | 9.04 % | 6.72 % | -2.32 % | -3.23 % |
Other Income | Rs. 0.03 Cr | Rs. -0.1 Cr | Rs. 0.49 Cr | + 590 % | + 1533.33 % |
Interest | Rs. 3.32 Cr | Rs. 3.41 Cr | Rs. 2.58 Cr | -24.34 % | -22.29 % |
Depreciation | Rs. 3.95 Cr | Rs. 4.21 Cr | Rs. 4.23 Cr | + 0.48 % | + 7.09 % |
Profit before tax | Rs. 7.56 Cr | Rs. 6.62 Cr | Rs. 3.31 Cr | -50 % | -56.22 % |
Tax % | 30.6 % | 29.11 % | 33.01 % | + 3.9 % | + 2.41 % |
Net Profit | Rs. 5.25 Cr | Rs. 4.65 Cr | Rs. 2.22 Cr | -52.26 % | -57.71 % |
EPS in Rs | Rs. 6.19 | Rs. 5.49 | Rs. 2.62 | -52.28 % | -57.67 % |
Today, we’re looking at Aarti Surfactants 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 -3.56 %. However, it did see a marginal slip of -9.55 % from the previous quarter. Expenses decreased slightly by -7.23 % quarter-on-quarter, aligning with the annual decline of -0.09 %. Operating profit, while down -34.93 % compared to last year, faced a quarter-on-quarter dip of -32.85 %, 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 -3.23 %, but a shrinkage of -2.32 % sequentially. Other income rose by 590 % compared to the last quarter, despite an annual growth of 1533.33 %. Interest expenses dropped significantly by -24.34 % from the previous quarter, yet the year-over-year decrease remains at a moderate -22.29 %. Depreciation costs climbed by 0.48 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 7.09 %. Profit before tax declined annually by -56.22 % but saw a reduction from the preceding quarter by -50 %.
Tax expenses as a percentage of profits increased slightly by 2.41 % compared to last year, with a more notable quarter-on-quarter increase of 3.9 %. Net profit fell by -57.71 % year-on-year but witnessed a -52.26 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -57.67 % but a quarterly fall of -52.28 %. In summary, Aarti Surfactants 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. 148.701 Cr | Rs. 158.549 Cr | Rs. 143.409 Cr | -9.55 % | -3.56 % |
Expenses | Rs. 133.9 Cr | Rs. 144.21 Cr | Rs. 133.78 Cr | -7.23 % | -0.09 % |
Operating Profit | Rs. 14.8 Cr | Rs. 14.34 Cr | Rs. 9.63 Cr | -32.85 % | -34.93 % |
Net Profit | Rs. 5.25 Cr | Rs. 4.65 Cr | Rs. 2.22 Cr | -52.26 % | -57.71 % |
EPS in Rs | Rs. 6.19 | Rs. 5.49 | Rs. 2.62 | -52.28 % | -57.67 % |
In reviewing Aarti Surfactants Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -3.56 % year-on-year, although there was a slight dip of -9.55 % from the previous quarter. Expenses decreased by -0.09 % compared to the previous year, with a decrease of -7.23 % quarter-on-quarter. Operating Profit dropped by -34.93 % annually, and saw a -32.85 % decrease from the last quarter.
Net Profit showed yearly decrease of -57.71 %, and experienced a -52.26 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -57.67 % annually, however dipped by -52.28 % compared to the last quarter. In essence, while Aarti Surfactants Limited faces strong annual decline indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.