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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 -10.88 % over the year, decrease in net sales/revenue by -38.63 %.
- 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 20.61 %. Marginal increase in other income during this quarter, up by 69.15%.
- Profit over the Year and quarter: Challenges in sustaining profitability for Archies Ltd.. Profit dropped by -25.68 % Year to Year, Archies Ltd.’s profitability dropped by -88.21 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -25.00 % Year to Year. EPS decreased by -88.24 % 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. 15.017 Cr | Rs. 21.808 Cr | Rs. 13.383 Cr | -38.63 % | -10.88 % |
Expenses | Rs. 14.17 Cr | Rs. 27.64 Cr | Rs. 12.69 Cr | -54.09 % | -10.44 % |
Operating Profit | Rs. 0.85 Cr | Rs. -5.83 Cr | Rs. 0.69 Cr | + 111.84 % | -18.82 % |
OPM % | 5.66 % | -26.73 % | 5.16 % | + 31.89 % | -0.5 % |
Other Income | Rs. 0.791 Cr | Rs. 0.564 Cr | Rs. 0.954 Cr | + 69.15 % | + 20.61 % |
Interest | Rs. 1.18 Cr | Rs. 1.22 Cr | Rs. 1.23 Cr | + 0.82 % | + 4.24 % |
Depreciation | Rs. 2.18 Cr | Rs. 2.32 Cr | Rs. 2.03 Cr | -12.5 % | -6.88 % |
Profit before tax | Rs. -1.72 Cr | Rs. -8.81 Cr | Rs. -1.62 Cr | + 81.61 % | + 5.81 % |
Tax % | -20.62 % | -2.21 % | -36.93 % | -34.72 % | -16.31 % |
Net Profit | Rs. -1.37 Cr | Rs. -8.62 Cr | Rs. -1.02 Cr | + 88.17 % | + 25.55 % |
EPS in Rs | Rs. -0.4 | Rs. -2.55 | Rs. -0.3 | + 88.24 % | + 25 % |
Today, we’re looking at Archies Ltd.’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -10.88 %. However, it did see a marginal slip of -38.63 % from the previous quarter. Expenses decreased slightly by -54.09 % quarter-on-quarter, aligning with the annual decline of -10.44 %. Operating profit, while down -18.82 % compared to last year, faced a quarter-on-quarter increase of 111.84 %, 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 -0.5 %, but an expansion of 31.89 % sequentially. Other income rose by 69.15 % compared to the last quarter, despite an annual growth of 20.61 %. Interest expenses surged remarkably by 0.82 % from the previous quarter, yet the year-over-year increase remains at a moderate 4.24 %. Depreciation costs fell by -12.5 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -6.88 %. Profit before tax grew annually by 5.81 % but saw an increase from the preceding quarter by 81.61 %.
Tax expenses as a percentage of profits decreased slightly by -16.31 % compared to last year, with a more notable quarter-on-quarter decrease of -34.72 %. Net profit rose by 25.55 % year-on-year but experienced a 88.17 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 25 % but a quarterly rise of 88.24 %. In summary, Archies 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. 15.017 Cr | Rs. 21.808 Cr | Rs. 13.383 Cr | -38.63 % | -10.88 % |
Expenses | Rs. 14.17 Cr | Rs. 27.64 Cr | Rs. 12.69 Cr | -54.09 % | -10.44 % |
Operating Profit | Rs. 0.85 Cr | Rs. -5.83 Cr | Rs. 0.69 Cr | + 111.84 % | -18.82 % |
Net Profit | Rs. -1.37 Cr | Rs. -8.62 Cr | Rs. -1.02 Cr | + 88.17 % | + 25.55 % |
EPS in Rs | Rs. -0.4 | Rs. -2.55 | Rs. -0.3 | + 88.24 % | + 25 % |
In reviewing Archies Ltd.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -10.88 % year-on-year, although there was a slight dip of -38.63 % from the previous quarter. Expenses decreased by -10.44 % compared to the previous year, with a decrease of -54.09 % quarter-on-quarter. Operating Profit dropped by -18.82 % annually, and saw a 111.84 % increase from the last quarter.
Net Profit showed yearly increase of 25.55 %, and experienced a 88.17 % increase from the previous quarter. Earnings Per Share (EPS) rose by 25 % annually, however rose by 88.24 % compared to the last quarter. In essence, while Archies Ltd. 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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