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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 5.94 % in the past year, substantial increase in net sales/revenue by 13.32 %.
- 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 32.27 %. Marginal decrease of -20.63% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Ajanta Soya Limited. Profit dropped by -326.28 % Year to Year, Ajanta Soya Limited’s profitability increased by 62.3 % in this quarter.
- EPS over the Year and quarter: EPS declined by -325.00 % Year to Year. EPS increased by 63.64 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 256.763 Cr | Rs. 240.033 Cr | Rs. 272.011 Cr | + 13.32 % | + 5.94 % |
| Expenses | Rs. 259.16 Cr | Rs. 237.35 Cr | Rs. 266.8 Cr | + 12.41 % | + 2.95 % |
| Operating Profit | Rs. -2.4 Cr | Rs. 2.68 Cr | Rs. 5.21 Cr | + 94.4 % | + 317.08 % |
| OPM % | -0.93 % | 1.12 % | 1.92 % | + 0.8 % | + 2.85 % |
| Other Income | Rs. 1.661 Cr | Rs. 2.768 Cr | Rs. 2.197 Cr | -20.63 % | + 32.27 % |
| Interest | Rs. 0.64 Cr | Rs. 1.06 Cr | Rs. 0.92 Cr | -13.21 % | + 43.75 % |
| Depreciation | Rs. 0.64 Cr | Rs. 0.68 Cr | Rs. 0.68 Cr | + 0 % | + 6.25 % |
| Profit before tax | Rs. -2.02 Cr | Rs. 3.71 Cr | Rs. 5.81 Cr | + 56.6 % | + 387.62 % |
| Tax % | -4.07 % | 27.35 % | 24.62 % | -2.73 % | + 28.69 % |
| Net Profit | Rs. -1.93 Cr | Rs. 2.7 Cr | Rs. 4.37 Cr | + 61.85 % | + 326.42 % |
| EPS in Rs | Rs. -0.24 | Rs. 0.33 | Rs. 0.54 | + 63.64 % | + 325 % |
Today, we’re looking at Ajanta Soya Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 5.94 %. However, it did see a marginal increase of 13.32 % from the previous quarter. Expenses ticked up slightly by 12.41 % quarter-on-quarter, aligning with the annual rise of 2.95 %. Operating profit, while up 317.08 % compared to last year, faced a quarter-on-quarter increase of 94.4 %, 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 2.85 %, but an expansion of 0.8 % sequentially. Other income fell by -20.63 % compared to the last quarter, despite an annual growth of 32.27 %. Interest expenses dropped significantly by -13.21 % from the previous quarter, yet the year-over-year increase remains at a moderate 43.75 %. Depreciation costs climbed by 0 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 6.25 %. Profit before tax grew annually by 387.62 % but saw an increase from the preceding quarter by 56.6 %.
Tax expenses as a percentage of profits increased slightly by 28.69 % compared to last year, with a more notable quarter-on-quarter decrease of -2.73 %. Net profit rose by 326.42 % year-on-year but experienced a 61.85 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 325 % but a quarterly rise of 63.64 %. In summary, Ajanta Soya 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. 256.763 Cr | Rs. 240.033 Cr | Rs. 272.011 Cr | + 13.32 % | + 5.94 % |
| Expenses | Rs. 259.16 Cr | Rs. 237.35 Cr | Rs. 266.8 Cr | + 12.41 % | + 2.95 % |
| Operating Profit | Rs. -2.4 Cr | Rs. 2.68 Cr | Rs. 5.21 Cr | + 94.4 % | + 317.08 % |
| Net Profit | Rs. -1.93 Cr | Rs. 2.7 Cr | Rs. 4.37 Cr | + 61.85 % | + 326.42 % |
| EPS in Rs | Rs. -0.24 | Rs. 0.33 | Rs. 0.54 | + 63.64 % | + 325 % |
In reviewing Ajanta Soya Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 5.94 % year-on-year growth, however, there was a minor increase of 13.32 % from the previous quarter. Expenses rose by 2.95 % compared to the previous year, with a 12.41 % increase quarter-on-quarter. Operating Profit surged by 317.08 % annually, and saw a 94.4 % increase from the last quarter.
Net Profit showed yearly increase of 326.42 %, and experienced a 61.85 % increase from the previous quarter. Earnings Per Share (EPS) rose by 325 % annually, however rose by 63.64 % compared to the last quarter. In essence, while Ajanta Soya 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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