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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 11.36 % in the past year, substantial increase in net sales/revenue by 9.03 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -30 %, Marginal decrease of -62.16% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Acknit Industries Ltd. Notable increase of 8.23 % in net profit Year to Year, Acknit Industries Ltd’s profitability increased by 4.63 % in this quarter.
- EPS over the Year and quarter: EPS increased by 8.24 % Year to Year. EPS increased by 4.59 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 56.03 Cr | Rs. 57.227 Cr | Rs. 62.394 Cr | + 9.03 % | + 11.36 % |
| Expenses | Rs. 52.05 Cr | Rs. 52.99 Cr | Rs. 58.07 Cr | + 9.59 % | + 11.57 % |
| Operating Profit | Rs. 3.98 Cr | Rs. 4.24 Cr | Rs. 4.32 Cr | + 1.89 % | + 8.54 % |
| OPM % | 7.1 % | 7.41 % | 6.92 % | -0.49 % | -0.18 % |
| Other Income | Rs. 0.04 Cr | Rs. 0.074 Cr | Rs. 0.028 Cr | -62.16 % | -30 % |
| Interest | Rs. 0.65 Cr | Rs. 0.7 Cr | Rs. 0.64 Cr | -8.57 % | -1.54 % |
| Depreciation | Rs. 0.84 Cr | Rs. 0.89 Cr | Rs. 0.8 Cr | -10.11 % | -4.76 % |
| Profit before tax | Rs. 2.53 Cr | Rs. 2.72 Cr | Rs. 2.91 Cr | + 6.99 % | + 15.02 % |
| Tax % | 24.15 % | 27.1 % | 28.77 % | + 1.67 % | + 4.62 % |
| Net Profit | Rs. 1.92 Cr | Rs. 1.99 Cr | Rs. 2.08 Cr | + 4.52 % | + 8.33 % |
| EPS in Rs | Rs. 6.31 | Rs. 6.53 | Rs. 6.83 | + 4.59 % | + 8.24 % |
Today, we’re looking at Acknit Industries Ltd’s financial performance for the Q2(Sep 2024-25).Starting with the top line, the company reported a robust year-over-year sales growth of 11.36 %. However, it did see a marginal increase of 9.03 % from the previous quarter. Expenses ticked up slightly by 9.59 % quarter-on-quarter, aligning with the annual rise of 11.57 %. Operating profit, while up 8.54 % compared to last year, faced a quarter-on-quarter increase of 1.89 %, 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 -0.18 %, but a shrinkage of -0.49 % sequentially. Other income fell by -62.16 % compared to the last quarter, despite an annual decline of -30 %. Interest expenses dropped significantly by -8.57 % from the previous quarter, yet the year-over-year decrease remains at a moderate -1.54 %. Depreciation costs fell by -10.11 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -4.76 %. Profit before tax grew annually by 15.02 % but saw an increase from the preceding quarter by 6.99 %.
Tax expenses as a percentage of profits increased slightly by 4.62 % compared to last year, with a more notable quarter-on-quarter increase of 1.67 %. Net profit rose by 8.33 % year-on-year but experienced a 4.52 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 8.24 % but a quarterly rise of 4.59 %. In summary, Acknit Industries Ltd’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. 56.03 Cr | Rs. 57.227 Cr | Rs. 62.394 Cr | + 9.03 % | + 11.36 % |
| Expenses | Rs. 52.05 Cr | Rs. 52.99 Cr | Rs. 58.07 Cr | + 9.59 % | + 11.57 % |
| Operating Profit | Rs. 3.98 Cr | Rs. 4.24 Cr | Rs. 4.32 Cr | + 1.89 % | + 8.54 % |
| Net Profit | Rs. 1.92 Cr | Rs. 1.99 Cr | Rs. 2.08 Cr | + 4.52 % | + 8.33 % |
| EPS in Rs | Rs. 6.31 | Rs. 6.53 | Rs. 6.83 | + 4.59 % | + 8.24 % |
In reviewing Acknit Industries Ltd’s 2024-25(Q2) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 11.36 % year-on-year growth, however, there was a minor increase of 9.03 % from the previous quarter. Expenses rose by 11.57 % compared to the previous year, with a 9.59 % increase quarter-on-quarter. Operating Profit surged by 8.54 % annually, and saw a 1.89 % increase from the last quarter.
Net Profit showed yearly increase of 8.33 %, and experienced a 4.52 % increase from the previous quarter. Earnings Per Share (EPS) rose by 8.24 % annually, however rose by 4.59 % compared to the last quarter. In essence, while Acknit Industries Ltd 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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