Share the post "Addi Industries ‘s Q1 Report: Profit Decreases by 1.25% YoY"
Highlights
- The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
- 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 10.27 %. Marginal decrease of -60.05% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Addi Industries Ltd.,. Profit dropped by -0.5 % Year to Year, Addi Industries Ltd.,’s profitability dropped by -64.08 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 5.80 % Year to Year. EPS decreased by -64.04 % 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. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Expenses | Rs. 0.18 Cr | Rs. 0.27 Cr | Rs. 0.28 Cr | + 3.7 % | + 55.56 % |
| Operating Profit | Rs. -0.18 Cr | Rs. -0.27 Cr | Rs. -0.28 Cr | -3.7 % | -55.56 % |
| OPM % | 0 % | 0 % | 0 % | 0 % | 0 % |
| Other Income | Rs. 1.237 Cr | Rs. 3.414 Cr | Rs. 1.364 Cr | -60.05 % | + 10.27 % |
| Interest | Rs. 0.01 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Depreciation | Rs. 0.04 Cr | Rs. 0.04 Cr | Rs. 0.04 Cr | + 0 % | + 0 % |
| Profit before tax | Rs. 1.01 Cr | Rs. 3.1 Cr | Rs. 1.04 Cr | -66.45 % | + 2.97 % |
| Tax % | 21.5 % | 29.08 % | 24.21 % | -4.87 % | + 2.71 % |
| Net Profit | Rs. 0.8 Cr | Rs. 2.21 Cr | Rs. 0.79 Cr | -64.25 % | -1.25 % |
| EPS in Rs | Rs. 0.69 | Rs. 2.03 | Rs. 0.73 | -64.04 % | + 5.8 % |
Today, we’re looking at Addi Industries Ltd.,’s financial performance for the Q1(Jun 2024).Expenses ticked up slightly by 3.7 % quarter-on-quarter, aligning with the annual rise of 55.56 %. Operating profit, while down -55.56 % compared to last year, faced a quarter-on-quarter dip of -3.7 %, signaling a short-term contraction in margins.
Other income fell by -60.05 % compared to the last quarter, despite an annual growth of 10.27 %. Depreciation costs climbed by 0 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 0 %. Profit before tax grew annually by 2.97 % but saw a reduction from the preceding quarter by -66.45 %.
Tax expenses as a percentage of profits increased slightly by 2.71 % compared to last year, with a more notable quarter-on-quarter decrease of -4.87 %. Net profit fell by -1.25 % year-on-year but witnessed a -64.25 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 5.8 % but a quarterly fall of -64.04 %. In summary, Addi 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. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Expenses | Rs. 0.18 Cr | Rs. 0.27 Cr | Rs. 0.28 Cr | + 3.7 % | + 55.56 % |
| Operating Profit | Rs. -0.18 Cr | Rs. -0.27 Cr | Rs. -0.28 Cr | -3.7 % | -55.56 % |
| Net Profit | Rs. 0.8 Cr | Rs. 2.21 Cr | Rs. 0.79 Cr | -64.25 % | -1.25 % |
| EPS in Rs | Rs. 0.69 | Rs. 2.03 | Rs. 0.73 | -64.04 % | + 5.8 % |
In reviewing Addi Industries Ltd.,’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Expenses rose by 55.56 % compared to the previous year, with a 3.7 % increase quarter-on-quarter. Operating Profit dropped by -55.56 % annually, and saw a -3.7 % decrease from the last quarter.
Net Profit showed yearly decrease of -1.25 %, and experienced a -64.25 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 5.8 % annually, however dipped by -64.04 % compared to the last quarter. In essence, while Addi Industries Ltd., 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.
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