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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’s sales declined by -5.35 % over the year, decrease in net sales/revenue by -23.32 %.
- 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 35.34 %. Marginal decrease of -36.95% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for AION-TECH SOLUTIONS LIMITED. Notable increase of 1.55 % in net profit Year to Year, AION-TECH SOLUTIONS LIMITED’s profitability dropped by -55.56 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 11.11 % Year to Year. EPS decreased by -52.38 % 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. 18.808 Cr | Rs. 23.215 Cr | Rs. 17.802 Cr | -23.32 % | -5.35 % |
| Expenses | Rs. 18.68 Cr | Rs. 23.72 Cr | Rs. 17.33 Cr | -26.94 % | -7.23 % |
| Operating Profit | Rs. 0.13 Cr | Rs. -0.5 Cr | Rs. 0.47 Cr | + 194 % | + 261.54 % |
| OPM % | 0.69 % | -2.15 % | 2.64 % | + 4.79 % | + 1.95 % |
| Other Income | Rs. 0.232 Cr | Rs. 0.498 Cr | Rs. 0.314 Cr | -36.95 % | + 35.34 % |
| Interest | Rs. 0.21 Cr | Rs. 0.25 Cr | Rs. 0.31 Cr | + 24 % | + 47.62 % |
| Depreciation | Rs. 0.34 Cr | Rs. 0.68 Cr | Rs. 0.6 Cr | -11.76 % | + 76.47 % |
| Profit before tax | Rs. -0.19 Cr | Rs. -0.93 Cr | Rs. -0.13 Cr | + 86.02 % | + 31.58 % |
| Tax % | -64.8 % | -21.32 % | -166.67 % | -145.35 % | -101.87 % |
| Net Profit | Rs. -0.32 Cr | Rs. -0.74 Cr | Rs. -0.33 Cr | + 55.41 % | -3.13 % |
| EPS in Rs | Rs. -0.09 | Rs. -0.21 | Rs. -0.1 | + 52.38 % | -11.11 % |
Today, we’re looking at AION-TECH SOLUTIONS 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 -5.35 %. However, it did see a marginal slip of -23.32 % from the previous quarter. Expenses decreased slightly by -26.94 % quarter-on-quarter, aligning with the annual decline of -7.23 %. Operating profit, while up 261.54 % compared to last year, faced a quarter-on-quarter increase of 194 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 1.95 %, but an expansion of 4.79 % sequentially. Other income fell by -36.95 % compared to the last quarter, despite an annual growth of 35.34 %. Interest expenses surged remarkably by 24 % from the previous quarter, yet the year-over-year increase remains at a moderate 47.62 %. Depreciation costs fell by -11.76 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 76.47 %. Profit before tax grew annually by 31.58 % but saw an increase from the preceding quarter by 86.02 %.
Tax expenses as a percentage of profits decreased slightly by -101.87 % compared to last year, with a more notable quarter-on-quarter decrease of -145.35 %. Net profit fell by -3.13 % year-on-year but experienced a 55.41 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -11.11 % but a quarterly rise of 52.38 %. In summary, AION-TECH SOLUTIONS 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. 18.808 Cr | Rs. 23.215 Cr | Rs. 17.802 Cr | -23.32 % | -5.35 % |
| Expenses | Rs. 18.68 Cr | Rs. 23.72 Cr | Rs. 17.33 Cr | -26.94 % | -7.23 % |
| Operating Profit | Rs. 0.13 Cr | Rs. -0.5 Cr | Rs. 0.47 Cr | + 194 % | + 261.54 % |
| Net Profit | Rs. -0.32 Cr | Rs. -0.74 Cr | Rs. -0.33 Cr | + 55.41 % | -3.13 % |
| EPS in Rs | Rs. -0.09 | Rs. -0.21 | Rs. -0.1 | + 52.38 % | -11.11 % |
In reviewing AION-TECH SOLUTIONS LIMITED’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -5.35 % year-on-year, although there was a slight dip of -23.32 % from the previous quarter. Expenses decreased by -7.23 % compared to the previous year, with a decrease of -26.94 % quarter-on-quarter. Operating Profit surged by 261.54 % annually, and saw a 194 % increase from the last quarter.
Net Profit showed yearly decrease of -3.13 %, and experienced a 55.41 % increase from the previous quarter. Earnings Per Share (EPS) fell by -11.11 % annually, however rose by 52.38 % compared to the last quarter. In essence, while AION-TECH SOLUTIONS 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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