Apis India ‘s Q1 Update: Profit Falls by 40.92% Year-on-Year

The comprehensive analytics outlining the performance and outlook of Apis India Ltd‘s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

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.

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.