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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 7.43 % in the past year, decrease in net sales/revenue by -21.03 %.
- 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 511.86 %. Marginal increase in other income during this quarter, up by 252.2%.
- Profit over the Year and quarter: Challenges in sustaining profitability for ACCEL LIMITED. Profit dropped by -5.61 % Year to Year, ACCEL LIMITED’s profitability increased by 6.93 % in this quarter.
- EPS over the Year and quarter: EPS declined by -5.88 % Year to Year. EPS increased by 6.67 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 36.654 Cr | Rs. 49.867 Cr | Rs. 39.378 Cr | -21.03 % | + 7.43 % |
| Expenses | Rs. 32.16 Cr | Rs. 45.56 Cr | Rs. 35.86 Cr | -21.29 % | + 11.5 % |
| Operating Profit | Rs. 4.49 Cr | Rs. 4.31 Cr | Rs. 3.52 Cr | -18.33 % | -21.6 % |
| OPM % | 12.25 % | 8.64 % | 8.94 % | + 0.3 % | -3.31 % |
| Other Income | Rs. 0.118 Cr | Rs. 0.205 Cr | Rs. 0.722 Cr | + 252.2 % | + 511.86 % |
| Interest | Rs. 1.8 Cr | Rs. 1.75 Cr | Rs. 1.77 Cr | + 1.14 % | -1.67 % |
| Depreciation | Rs. 1.83 Cr | Rs. 1.43 Cr | Rs. 1.48 Cr | + 3.5 % | -19.13 % |
| Profit before tax | Rs. 0.98 Cr | Rs. 1.34 Cr | Rs. 0.99 Cr | -26.12 % | + 1.02 % |
| Tax % | 1.32 % | 37.86 % | 30.1 % | -7.76 % | + 28.78 % |
| Net Profit | Rs. 0.98 Cr | Rs. 0.87 Cr | Rs. 0.93 Cr | + 6.9 % | -5.1 % |
| EPS in Rs | Rs. 0.17 | Rs. 0.15 | Rs. 0.16 | + 6.67 % | -5.88 % |
Today, we’re looking at ACCEL 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 7.43 %. However, it did see a marginal slip of -21.03 % from the previous quarter. Expenses decreased slightly by -21.29 % quarter-on-quarter, aligning with the annual rise of 11.5 %. Operating profit, while down -21.6 % compared to last year, faced a quarter-on-quarter dip of -18.33 %, 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 -3.31 %, but an expansion of 0.3 % sequentially. Other income rose by 252.2 % compared to the last quarter, despite an annual growth of 511.86 %. Interest expenses surged remarkably by 1.14 % from the previous quarter, yet the year-over-year decrease remains at a moderate -1.67 %. Depreciation costs climbed by 3.5 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -19.13 %. Profit before tax grew annually by 1.02 % but saw a reduction from the preceding quarter by -26.12 %.
Tax expenses as a percentage of profits increased slightly by 28.78 % compared to last year, with a more notable quarter-on-quarter decrease of -7.76 %. Net profit fell by -5.1 % year-on-year but experienced a 6.9 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -5.88 % but a quarterly rise of 6.67 %. In summary, ACCEL 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. 36.654 Cr | Rs. 49.867 Cr | Rs. 39.378 Cr | -21.03 % | + 7.43 % |
| Expenses | Rs. 32.16 Cr | Rs. 45.56 Cr | Rs. 35.86 Cr | -21.29 % | + 11.5 % |
| Operating Profit | Rs. 4.49 Cr | Rs. 4.31 Cr | Rs. 3.52 Cr | -18.33 % | -21.6 % |
| Net Profit | Rs. 0.98 Cr | Rs. 0.87 Cr | Rs. 0.93 Cr | + 6.9 % | -5.1 % |
| EPS in Rs | Rs. 0.17 | Rs. 0.15 | Rs. 0.16 | + 6.67 % | -5.88 % |
In reviewing ACCEL LIMITED’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 7.43 % year-on-year growth, although there was a slight dip of -21.03 % from the previous quarter. Expenses rose by 11.5 % compared to the previous year, with a decrease of -21.29 % quarter-on-quarter. Operating Profit dropped by -21.6 % annually, and saw a -18.33 % decrease from the last quarter.
Net Profit showed yearly decrease of -5.1 %, and experienced a 6.9 % increase from the previous quarter. Earnings Per Share (EPS) fell by -5.88 % annually, however rose by 6.67 % compared to the last quarter. In essence, while ACCEL 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.
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