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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 -57.81 % over the year, substantial increase in net sales/revenue by 20.45 %.
- Profit over the Year and quarter: Challenges in sustaining profitability for Abhinav Capital Services Limited. Profit dropped by -78.83 % Year to Year, Abhinav Capital Services Limited’s profitability increased by 37.01 % in this quarter.
- EPS over the Year and quarter: EPS declined by -78.87 % Year to Year. EPS increased by 36.44 % in previous quarter. Positive impact on shareholders.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 6.604 Cr | Rs. 2.313 Cr | Rs. 2.786 Cr | + 20.45 % | -57.81 % |
Expenses | Rs. 0.29 Cr | Rs. 0.33 Cr | Rs. 0.31 Cr | -6.06 % | + 6.9 % |
Operating Profit | Rs. 6.31 Cr | Rs. 1.98 Cr | Rs. 2.48 Cr | + 25.25 % | -60.7 % |
OPM % | 95.55 % | 85.6 % | 89.02 % | + 3.42 % | -6.53 % |
Other Income | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
Interest | Rs. 0.26 Cr | Rs. 1.05 Cr | Rs. 1.1 Cr | + 4.76 % | + 323.08 % |
Depreciation | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
Profit before tax | Rs. 6.05 Cr | Rs. 0.93 Cr | Rs. 1.38 Cr | + 48.39 % | -77.19 % |
Tax % | 12.79 % | 12.91 % | 18.57 % | + 5.66 % | + 5.78 % |
Net Profit | Rs. 5.28 Cr | Rs. 0.82 Cr | Rs. 1.12 Cr | + 36.59 % | -78.79 % |
EPS in Rs | Rs. 7.62 | Rs. 1.18 | Rs. 1.61 | + 36.44 % | -78.87 % |
Today, we’re looking at Abhinav Capital Services 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 -57.81 %. However, it did see a marginal increase of 20.45 % from the previous quarter. Expenses decreased slightly by -6.06 % quarter-on-quarter, aligning with the annual rise of 6.9 %. Operating profit, while down -60.7 % compared to last year, faced a quarter-on-quarter increase of 25.25 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -6.53 %, but an expansion of 3.42 % sequentially. Interest expenses surged remarkably by 4.76 % from the previous quarter, yet the year-over-year increase remains at a moderate 323.08 %. Profit before tax declined annually by -77.19 % but saw an increase from the preceding quarter by 48.39 %.
Tax expenses as a percentage of profits increased slightly by 5.78 % compared to last year, with a more notable quarter-on-quarter increase of 5.66 %. Net profit fell by -78.79 % year-on-year but experienced a 36.59 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -78.87 % but a quarterly rise of 36.44 %. In summary, Abhinav Capital Services 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. 6.604 Cr | Rs. 2.313 Cr | Rs. 2.786 Cr | + 20.45 % | -57.81 % |
Expenses | Rs. 0.29 Cr | Rs. 0.33 Cr | Rs. 0.31 Cr | -6.06 % | + 6.9 % |
Operating Profit | Rs. 6.31 Cr | Rs. 1.98 Cr | Rs. 2.48 Cr | + 25.25 % | -60.7 % |
Net Profit | Rs. 5.28 Cr | Rs. 0.82 Cr | Rs. 1.12 Cr | + 36.59 % | -78.79 % |
EPS in Rs | Rs. 7.62 | Rs. 1.18 | Rs. 1.61 | + 36.44 % | -78.87 % |
In reviewing Abhinav Capital Services Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -57.81 % year-on-year, however, there was a minor increase of 20.45 % from the previous quarter. Expenses rose by 6.9 % compared to the previous year, with a decrease of -6.06 % quarter-on-quarter. Operating Profit dropped by -60.7 % annually, and saw a 25.25 % increase from the last quarter.
Net Profit showed yearly decrease of -78.79 %, and experienced a 36.59 % increase from the previous quarter. Earnings Per Share (EPS) fell by -78.87 % annually, however rose by 36.44 % compared to the last quarter. In essence, while Abhinav Capital Services Limited faces strong annual decline 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.