Share the post "Anand Projects ‘s Q1 Results: Profit Drops by 98.19% YoY"
Highlights
- The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company experienced a substantial growth of 0 % in the past year, substantial increase in net sales/revenue by 0 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -96.31 %, Marginal decrease of -98.82% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Anand Projects Ltd. Profit dropped by -98.24 % Year to Year, Anand Projects Ltd’s profitability dropped by -100.63 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -98.24 % Year to Year. EPS decreased by -100.63 % 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. 0.3 Cr | Rs. 0.3 Cr | Rs. 0.3 Cr | + 0 % | + 0 % |
| Expenses | Rs. 0.3 Cr | Rs. 62.2 Cr | Rs. 0.24 Cr | -99.61 % | -20 % |
| Operating Profit | Rs. 0 Cr | Rs. -61.9 Cr | Rs. 0.06 Cr | + 100.1 % | 0 % |
| OPM % | 0 % | -20633.33 % | 20 % | + 20653.33 % | + 20 % |
| Other Income | Rs. 14.011 Cr | Rs. 43.82 Cr | Rs. 0.517 Cr | -98.82 % | -96.31 % |
| Interest | Rs. 0 Cr | Rs. 0.14 Cr | Rs. 0.26 Cr | + 85.71 % | 0 % |
| Depreciation | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Profit before tax | Rs. 14.01 Cr | Rs. -18.22 Cr | Rs. 0.32 Cr | + 101.76 % | -97.72 % |
| Tax % | 25.11 % | -61.62 % | 40.51 % | + 102.13 % | + 15.4 % |
| Net Profit | Rs. 10.49 Cr | Rs. -29.46 Cr | Rs. 0.19 Cr | + 100.64 % | -98.19 % |
| EPS in Rs | Rs. 112.29 | Rs. -315.29 | Rs. 1.98 | + 100.63 % | -98.24 % |
Today, we’re looking at Anand Projects Ltd’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 0 %. However, it did see a marginal increase of 0 % from the previous quarter. Expenses decreased slightly by -99.61 % quarter-on-quarter, aligning with the annual decline of -20 %. faced a quarter-on-quarter increase of 100.1 %, 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 20 %, but an expansion of 20653.33 % sequentially. Other income fell by -98.82 % compared to the last quarter, despite an annual decline of -96.31 %. Interest expenses surged remarkably by 85.71 % from the previous quarter, Profit before tax declined annually by -97.72 % but saw an increase from the preceding quarter by 101.76 %.
Tax expenses as a percentage of profits increased slightly by 15.4 % compared to last year, with a more notable quarter-on-quarter increase of 102.13 %. Net profit fell by -98.19 % year-on-year but experienced a 100.64 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -98.24 % but a quarterly rise of 100.63 %. In summary, Anand Projects 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. 0.3 Cr | Rs. 0.3 Cr | Rs. 0.3 Cr | + 0 % | + 0 % |
| Expenses | Rs. 0.3 Cr | Rs. 62.2 Cr | Rs. 0.24 Cr | -99.61 % | -20 % |
| Operating Profit | Rs. 0 Cr | Rs. -61.9 Cr | Rs. 0.06 Cr | + 100.1 % | 0 % |
| Net Profit | Rs. 10.49 Cr | Rs. -29.46 Cr | Rs. 0.19 Cr | + 100.64 % | -98.19 % |
| EPS in Rs | Rs. 112.29 | Rs. -315.29 | Rs. 1.98 | + 100.63 % | -98.24 % |
In reviewing Anand Projects Ltd’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 0 % year-on-year growth, however, there was a minor increase of 0 % from the previous quarter. Expenses decreased by -20 % compared to the previous year, with a decrease of -99.61 % quarter-on-quarter. and saw a 100.1 % increase from the last quarter.
Net Profit showed yearly decrease of -98.19 %, and experienced a 100.64 % increase from the previous quarter. Earnings Per Share (EPS) fell by -98.24 % annually, however rose by 100.63 % compared to the last quarter. In essence, while Anand Projects Ltd faces strong annual decline 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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