Share the post "Ajanta Pharma Ltd.’s Quarterly Result and Earnings Report for Q4(Mar 2024) : Sales increased by (19.53) % in YoY and decreased by 4.62 % in QoQ"
Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 19.53 % in the past year, decrease in net sales/revenue by -4.62 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -3.61 %, Marginal increase in other income during this quarter, up by 161.22%.
- Profit over the Year and quarter: Significant improvement in profitability for Ajanta Pharma Ltd.. Notable increase of 65.82 % in net profit Year to Year, Ajanta Pharma Ltd.’s profitability dropped by -3.48 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 68.76 % Year to Year. EPS decreased by -3.48 % 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. 881.84 Cr | Rs. 1105.15 Cr | Rs. 1054.08 Cr | -4.62 % | + 19.53 % |
Expenses | Rs. 732.47 Cr | Rs. 791.08 Cr | Rs. 775.76 Cr | -1.94 % | + 5.91 % |
Operating Profit | Rs. 149.37 Cr | Rs. 314.07 Cr | Rs. 278.32 Cr | -11.38 % | + 86.33 % |
OPM % | 16.94 % | 28.42 % | 26.4 % | -2.02 % | + 9.46 % |
Other Income | Rs. 36.83 Cr | Rs. 13.59 Cr | Rs. 35.5 Cr | + 161.22 % | -3.61 % |
Interest | Rs. 1.13 Cr | Rs. 2.49 Cr | Rs. 1.53 Cr | -38.55 % | + 35.4 % |
Depreciation | Rs. 33.02 Cr | Rs. 34.26 Cr | Rs. 34.25 Cr | -0.03 % | + 3.73 % |
Profit before tax | Rs. 152.05 Cr | Rs. 290.91 Cr | Rs. 278.04 Cr | -4.42 % | + 82.86 % |
Tax % | 19.6 % | 27.8 % | 27.09 % | -0.71 % | + 7.49 % |
Net Profit | Rs. 122.25 Cr | Rs. 210.03 Cr | Rs. 202.72 Cr | -3.48 % | + 65.82 % |
EPS in Rs | Rs. 9.54 | Rs. 16.68 | Rs. 16.1 | -3.48 % | + 68.76 % |
Today, we’re looking at Ajanta Pharma Ltd.’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 19.53 %. However, it did see a marginal slip of -4.62 % from the previous quarter. Expenses decreased slightly by -1.94 % quarter-on-quarter, aligning with the annual rise of 5.91 %. Operating profit, while up 86.33 % compared to last year, faced a quarter-on-quarter dip of -11.38 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 9.46 %, but a shrinkage of -2.02 % sequentially. Other income rose by 161.22 % compared to the last quarter, despite an annual decline of -3.61 %. Interest expenses dropped significantly by -38.55 % from the previous quarter, yet the year-over-year increase remains at a moderate 35.4 %. Depreciation costs fell by -0.03 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 3.73 %. Profit before tax grew annually by 82.86 % but saw a reduction from the preceding quarter by -4.42 %.
Tax expenses as a percentage of profits increased slightly by 7.49 % compared to last year, with a more notable quarter-on-quarter decrease of -0.71 %. Net profit rose by 65.82 % year-on-year but witnessed a -3.48 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 68.76 % but a quarterly fall of -3.48 %. In summary, Ajanta Pharma 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. 881.84 Cr | Rs. 1105.15 Cr | Rs. 1054.08 Cr | -4.62 % | + 19.53 % |
Expenses | Rs. 732.47 Cr | Rs. 791.08 Cr | Rs. 775.76 Cr | -1.94 % | + 5.91 % |
Operating Profit | Rs. 149.37 Cr | Rs. 314.07 Cr | Rs. 278.32 Cr | -11.38 % | + 86.33 % |
Net Profit | Rs. 122.25 Cr | Rs. 210.03 Cr | Rs. 202.72 Cr | -3.48 % | + 65.82 % |
EPS in Rs | Rs. 9.54 | Rs. 16.68 | Rs. 16.1 | -3.48 % | + 68.76 % |
In reviewing Ajanta Pharma Ltd.’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 19.53 % year-on-year growth, although there was a slight dip of -4.62 % from the previous quarter. Expenses rose by 5.91 % compared to the previous year, with a decrease of -1.94 % quarter-on-quarter. Operating Profit surged by 86.33 % annually, and saw a -11.38 % decrease from the last quarter.
Net Profit showed yearly increase of 65.82 %, and experienced a -3.48 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 68.76 % annually, however dipped by -3.48 % compared to the last quarter. In essence, while Ajanta Pharma 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.