Share the post "AGARWAL FORTUNE INDIA ‘s Q1 Results: Profit Drops by 66.67% YoY"
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 -13.52 % over the year, decrease in net sales/revenue by -37.6 %.
- Profit over the Year and quarter: Challenges in sustaining profitability for AGARWAL FORTUNE INDIA LIMITED. Profit dropped by -61.9 % Year to Year, AGARWAL FORTUNE INDIA LIMITED’s profitability increased by 118.18 % in this quarter.
- EPS over the Year and quarter: EPS declined by -94.44 % Year to Year. EPS decreased by -66.67 % 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. 1.324 Cr | Rs. 1.835 Cr | Rs. 1.145 Cr | -37.6 % | -13.52 % |
| Expenses | Rs. 1.39 Cr | Rs. 1.82 Cr | Rs. 1.15 Cr | -36.81 % | -17.27 % |
| Operating Profit | Rs. -0.07 Cr | Rs. 0.02 Cr | Rs. -0 Cr | 0 % | 0 % |
| OPM % | -5.29 % | 1.09 % | -0 % | -1.09 % | + 5.29 % |
| Other Income | Rs. 0.133 Cr | Rs. 0 Cr | Rs. 0.03 Cr | 0 % | -77.44 % |
| Interest | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Depreciation | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Profit before tax | Rs. 0.06 Cr | Rs. 0.02 Cr | Rs. 0.03 Cr | + 50 % | -50 % |
| Tax % | 0 % | 0 % | 0 % | 0 % | 0 % |
| Net Profit | Rs. 0.06 Cr | Rs. 0.01 Cr | Rs. 0.02 Cr | + 100 % | -66.67 % |
| EPS in Rs | Rs. 0.18 | Rs. 0.03 | Rs. 0.01 | -66.67 % | -94.44 % |
Today, we’re looking at AGARWAL FORTUNE INDIA 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 -13.52 %. However, it did see a marginal slip of -37.6 % from the previous quarter. Expenses decreased slightly by -36.81 % quarter-on-quarter, aligning with the annual decline of -17.27 %.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 5.29 %, but a shrinkage of -1.09 % sequentially. despite an annual decline of -77.44 %. Profit before tax declined annually by -50 % but saw an increase from the preceding quarter by 50 %.
Net profit fell by -66.67 % year-on-year but experienced a 100 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -94.44 % but a quarterly fall of -66.67 %. In summary, AGARWAL FORTUNE INDIA 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. 1.324 Cr | Rs. 1.835 Cr | Rs. 1.145 Cr | -37.6 % | -13.52 % |
| Expenses | Rs. 1.39 Cr | Rs. 1.82 Cr | Rs. 1.15 Cr | -36.81 % | -17.27 % |
| Operating Profit | Rs. -0.07 Cr | Rs. 0.02 Cr | Rs. -0 Cr | 0 % | 0 % |
| Net Profit | Rs. 0.06 Cr | Rs. 0.01 Cr | Rs. 0.02 Cr | + 100 % | -66.67 % |
| EPS in Rs | Rs. 0.18 | Rs. 0.03 | Rs. 0.01 | -66.67 % | -94.44 % |
In reviewing AGARWAL FORTUNE INDIA LIMITED’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -13.52 % year-on-year, although there was a slight dip of -37.6 % from the previous quarter. Expenses decreased by -17.27 % compared to the previous year, with a decrease of -36.81 % quarter-on-quarter.
Net Profit showed yearly decrease of -66.67 %, and experienced a 100 % increase from the previous quarter. Earnings Per Share (EPS) fell by -94.44 % annually, however dipped by -66.67 % compared to the last quarter. In essence, while AGARWAL FORTUNE INDIA 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.
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