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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 experienced a substantial growth of 10.33 % in the past year, substantial increase in net sales/revenue by 10.19 %.
- 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 300 %. Marginal decrease of -20.77% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Apis India Ltd. Profit dropped by -40.99 % Year to Year, Apis India Ltd’s profitability increased by 77.19 % in this quarter.
- EPS over the Year and quarter: EPS declined by -40.99 % Year to Year. EPS increased by 77.37 % in previous quarter. Positive impact on shareholders.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 78.922 Cr | Rs. 79.02 Cr | Rs. 87.076 Cr | + 10.19 % | + 10.33 % |
Expenses | Rs. 70.57 Cr | Rs. 73.22 Cr | Rs. 79.83 Cr | + 9.03 % | + 13.12 % |
Operating Profit | Rs. 8.35 Cr | Rs. 5.8 Cr | Rs. 7.25 Cr | + 25 % | -13.17 % |
OPM % | 10.58 % | 7.34 % | 8.33 % | + 0.99 % | -2.25 % |
Other Income | Rs. 0.062 Cr | Rs. 0.313 Cr | Rs. 0.248 Cr | -20.77 % | + 300 % |
Interest | Rs. 1.77 Cr | Rs. 1.67 Cr | Rs. 1.37 Cr | -17.96 % | -22.6 % |
Depreciation | Rs. 0.47 Cr | Rs. 0.72 Cr | Rs. 0.6 Cr | -16.67 % | + 27.66 % |
Profit before tax | Rs. 6.17 Cr | Rs. 3.72 Cr | Rs. 5.53 Cr | + 48.66 % | -10.37 % |
Tax % | 29.13 % | 54.71 % | 29.13 % | -25.58 % | + 0 % |
Net Profit | Rs. 8.92 Cr | Rs. 2.97 Cr | Rs. 5.27 Cr | + 77.44 % | -40.92 % |
EPS in Rs | Rs. 16.2 | Rs. 5.39 | Rs. 9.56 | + 77.37 % | -40.99 % |
Today, we’re looking at Apis India 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 10.33 %. However, it did see a marginal increase of 10.19 % from the previous quarter. Expenses ticked up slightly by 9.03 % quarter-on-quarter, aligning with the annual rise of 13.12 %. Operating profit, while down -13.17 % compared to last year, faced a quarter-on-quarter increase of 25 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -2.25 %, but an expansion of 0.99 % sequentially. Other income fell by -20.77 % compared to the last quarter, despite an annual growth of 300 %. Interest expenses dropped significantly by -17.96 % from the previous quarter, yet the year-over-year decrease remains at a moderate -22.6 %. Depreciation costs fell by -16.67 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 27.66 %. Profit before tax declined annually by -10.37 % but saw an increase from the preceding quarter by 48.66 %.
Tax expenses as a percentage of profits increased slightly by 0 % compared to last year, with a more notable quarter-on-quarter decrease of -25.58 %. Net profit fell by -40.92 % year-on-year but experienced a 77.44 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -40.99 % but a quarterly rise of 77.37 %. In summary, Apis India 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. 78.922 Cr | Rs. 79.02 Cr | Rs. 87.076 Cr | + 10.19 % | + 10.33 % |
Expenses | Rs. 70.57 Cr | Rs. 73.22 Cr | Rs. 79.83 Cr | + 9.03 % | + 13.12 % |
Operating Profit | Rs. 8.35 Cr | Rs. 5.8 Cr | Rs. 7.25 Cr | + 25 % | -13.17 % |
Net Profit | Rs. 8.92 Cr | Rs. 2.97 Cr | Rs. 5.27 Cr | + 77.44 % | -40.92 % |
EPS in Rs | Rs. 16.2 | Rs. 5.39 | Rs. 9.56 | + 77.37 % | -40.99 % |
In reviewing Apis India Ltd’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 10.33 % year-on-year growth, however, there was a minor increase of 10.19 % from the previous quarter. Expenses rose by 13.12 % compared to the previous year, with a 9.03 % increase quarter-on-quarter. Operating Profit dropped by -13.17 % annually, and saw a 25 % increase from the last quarter.
Net Profit showed yearly decrease of -40.92 %, and experienced a 77.44 % increase from the previous quarter. Earnings Per Share (EPS) fell by -40.99 % annually, however rose by 77.37 % compared to the last quarter. In essence, while Apis India 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.
32
3-Year Profit
25
5-Year Profit
9
10-Year Profit
283
Current Price
3,055
Market Cap
In analyzing the financial results for the company marked by BSE code 540797, a clear trend emerges. Over a five-year span, the company reported a profit of 25 units, which increased to 32 units in the most recent three-year period, suggesting a strong performance in the early stages of this timeframe. However, this success has been overshadowed by a trailing twelve-month (TTM) loss of 26 units, signaling significant recent challenges. Compounding this issue is the fact that the company has not reported any sales during any of the timeframes analyzed, raising important questions about its operational model and the sustainability of its current strategies. Investors have been equally wary, as reflected in the stock price performance. The company’s stock traded at 26 units over the past five years but has recently decreased to 15 units, indicating a loss of market confidence. Over the last decade, the stock price was at 0 units, pointing to longer-term concerns that could affect the company's future prospects.
The company currently holds a market cap of ₹3,055 crore, with its stock trading at ₹283. Historically, the stock has fluctuated between ₹340 / 210, reflecting its performance in response to market dynamics and various economic factors. The company's Price-to-Earnings (P/E) ratio stands at 39.5, indicating that the stock is perceived as highly valued by the market, possibly driven by expectations of future earnings growth. The book value per share is ₹92.6, which offers insight into the company's intrinsic worth, while its dividend yield of 0.42% provides a steady return for long-term investors. Return on Capital Employed (ROCE) is 11.0%, showcasing the company’s ability to generate profits from its capital investments. Return on Equity (ROE) is 8.16%, highlighting how efficiently the company uses shareholder funds to generate profits. The debt-to-equity ratio is very low at 0.38, which is a positive indicator of financial stability. However, the company’s net cash flow of ₹14.9 crore raises concerns about its liquidity position. The Piotroski score of 5.00 reflects the company’s overall financial health, while the Graham Number of ₹123 suggests the stock's intrinsic value. Despite these factors, the Price-to-Book (P/B) ratio of 3.05 indicates that the stock is trading at a premium to its book value, which might imply market optimism about the company's future growth prospects.