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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’s sales declined by -30.62 % over the year, decrease in net sales/revenue by -16.83 %.
- 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 50 %. Marginal decrease of -40% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for AMIN TANNERY LIMITED. Profit dropped by -37.96 % Year to Year, AMIN TANNERY LIMITED’s profitability dropped by -45.97 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 0.00 % Year to Year. EPS increased by 0 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 14.064 Cr | Rs. 11.733 Cr | Rs. 9.758 Cr | -16.83 % | -30.62 % |
| Expenses | Rs. 13.21 Cr | Rs. 11.12 Cr | Rs. 9.18 Cr | -17.45 % | -30.51 % |
| Operating Profit | Rs. 0.85 Cr | Rs. 0.61 Cr | Rs. 0.58 Cr | -4.92 % | -31.76 % |
| OPM % | 6.04 % | 5.2 % | 5.94 % | + 0.74 % | -0.1 % |
| Other Income | Rs. 0.002 Cr | Rs. 0.005 Cr | Rs. 0.003 Cr | -40 % | + 50 % |
| Interest | Rs. 0.45 Cr | Rs. 0.33 Cr | Rs. 0.32 Cr | -3.03 % | -28.89 % |
| Depreciation | Rs. 0.26 Cr | Rs. 0.13 Cr | Rs. 0.18 Cr | + 38.46 % | -30.77 % |
| Profit before tax | Rs. 0.14 Cr | Rs. 0.16 Cr | Rs. 0.08 Cr | -50 % | -42.86 % |
| Tax % | 25.52 % | 22.84 % | 22.09 % | -0.75 % | -3.43 % |
| Net Profit | Rs. 0.11 Cr | Rs. 0.12 Cr | Rs. 0.07 Cr | -41.67 % | -36.36 % |
| EPS in Rs | Rs. 0.01 | Rs. 0.01 | Rs. 0.01 | + 0 % | + 0 % |
Today, we’re looking at AMIN TANNERY 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 -30.62 %. However, it did see a marginal slip of -16.83 % from the previous quarter. Expenses decreased slightly by -17.45 % quarter-on-quarter, aligning with the annual decline of -30.51 %. Operating profit, while down -31.76 % compared to last year, faced a quarter-on-quarter dip of -4.92 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -0.1 %, but an expansion of 0.74 % sequentially. Other income fell by -40 % compared to the last quarter, despite an annual growth of 50 %. Interest expenses dropped significantly by -3.03 % from the previous quarter, yet the year-over-year decrease remains at a moderate -28.89 %. Depreciation costs climbed by 38.46 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -30.77 %. Profit before tax declined annually by -42.86 % but saw a reduction from the preceding quarter by -50 %.
Tax expenses as a percentage of profits decreased slightly by -3.43 % compared to last year, with a more notable quarter-on-quarter decrease of -0.75 %. Net profit fell by -36.36 % year-on-year but witnessed a -41.67 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 0 % but a quarterly rise of 0 %. In summary, AMIN TANNERY 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. 14.064 Cr | Rs. 11.733 Cr | Rs. 9.758 Cr | -16.83 % | -30.62 % |
| Expenses | Rs. 13.21 Cr | Rs. 11.12 Cr | Rs. 9.18 Cr | -17.45 % | -30.51 % |
| Operating Profit | Rs. 0.85 Cr | Rs. 0.61 Cr | Rs. 0.58 Cr | -4.92 % | -31.76 % |
| Net Profit | Rs. 0.11 Cr | Rs. 0.12 Cr | Rs. 0.07 Cr | -41.67 % | -36.36 % |
| EPS in Rs | Rs. 0.01 | Rs. 0.01 | Rs. 0.01 | + 0 % | + 0 % |
In reviewing AMIN TANNERY LIMITED’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -30.62 % year-on-year, although there was a slight dip of -16.83 % from the previous quarter. Expenses decreased by -30.51 % compared to the previous year, with a decrease of -17.45 % quarter-on-quarter. Operating Profit dropped by -31.76 % annually, and saw a -4.92 % decrease from the last quarter.
Net Profit showed yearly decrease of -36.36 %, and experienced a -41.67 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 0 % annually, however rose by 0 % compared to the last quarter. In essence, while AMIN TANNERY 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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