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Aro Granite Industries : Q1 2024 Financial Quarterly Report : YoY Sales Down 26.98 %, QoQ Up 14.16 %

July 26, 2024July 26, 2024| adminadmin| 0 Comments| 2:55 pm
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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 -26.98 % over the year, substantial increase in net sales/revenue by 14.16 %.
  • 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 99.66 %. Marginal increase in other income during this quarter, up by 243.19%.
  • Profit over the Year and quarter: Challenges in sustaining profitability for Aro Granite Industries Limited. Profit dropped by -43.01 % Year to Year, Aro Granite Industries Limited’s profitability increased by 109.44 % in this quarter.
  • EPS over the Year and quarter: EPS declined by -39.33 % Year to Year. EPS increased by 145.45 % in previous quarter. Positive impact on shareholders.

The comprehensive analytics outlining the performance and outlook of Aro Granite Industries Limited”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.

Metrics Previous Year Previous Quarter Current Quarter Quarter to Quarter Difference Year to Year Difference
Sales Rs. 51.431 Cr Rs. 32.896 Cr Rs. 37.553 Cr + 14.16 % -26.98 %
Expenses Rs. 42.97 Cr Rs. 24.91 Cr Rs. 32.45 Cr + 30.27 % -24.48 %
Operating Profit Rs. 8.46 Cr Rs. 7.99 Cr Rs. 5.1 Cr -36.17 % -39.72 %
OPM % 16.45 % 24.29 % 13.58 % -10.71 % -2.87 %
Other Income Rs. 0.593 Cr Rs. 0.345 Cr Rs. 1.184 Cr + 243.19 % + 99.66 %
Interest Rs. 3.88 Cr Rs. 5.01 Cr Rs. 3.54 Cr -29.34 % -8.76 %
Depreciation Rs. 2.94 Cr Rs. 2.94 Cr Rs. 2.6 Cr -11.56 % -11.56 %
Profit before tax Rs. 2.23 Cr Rs. 0.39 Cr Rs. 0.14 Cr -64.1 % -93.72 %
Tax % 40.91 % 4.5 % 0 % -4.5 % -40.91 %
Net Profit Rs. 1.32 Cr Rs. 0.36 Cr Rs. 0.75 Cr + 108.33 % -43.18 %
EPS in Rs Rs. 0.89 Rs. 0.22 Rs. 0.54 + 145.45 % -39.33 %


Today, we’re looking at Aro Granite Industries 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 -26.98 %. However, it did see a marginal increase of 14.16 % from the previous quarter. Expenses ticked up slightly by 30.27 % quarter-on-quarter, aligning with the annual decline of -24.48 %. Operating profit, while down -39.72 % compared to last year, faced a quarter-on-quarter dip of -36.17 %, 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 -2.87 %, but a shrinkage of -10.71 % sequentially. Other income rose by 243.19 % compared to the last quarter, despite an annual growth of 99.66 %. Interest expenses dropped significantly by -29.34 % from the previous quarter, yet the year-over-year decrease remains at a moderate -8.76 %. Depreciation costs fell by -11.56 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -11.56 %. Profit before tax declined annually by -93.72 % but saw a reduction from the preceding quarter by -64.1 %.
Tax expenses as a percentage of profits decreased slightly by -40.91 % compared to last year, with a more notable quarter-on-quarter decrease of -4.5 %. Net profit fell by -43.18 % year-on-year but experienced a 108.33 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -39.33 % but a quarterly rise of 145.45 %. In summary, Aro Granite Industries 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. 51.431 Cr Rs. 32.896 Cr Rs. 37.553 Cr + 14.16 % -26.98 %
Expenses Rs. 42.97 Cr Rs. 24.91 Cr Rs. 32.45 Cr + 30.27 % -24.48 %
Operating Profit Rs. 8.46 Cr Rs. 7.99 Cr Rs. 5.1 Cr -36.17 % -39.72 %
Net Profit Rs. 1.32 Cr Rs. 0.36 Cr Rs. 0.75 Cr + 108.33 % -43.18 %
EPS in Rs Rs. 0.89 Rs. 0.22 Rs. 0.54 + 145.45 % -39.33 %


In reviewing Aro Granite Industries Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -26.98 % year-on-year, however, there was a minor increase of 14.16 % from the previous quarter. Expenses decreased by -24.48 % compared to the previous year, with a 30.27 % increase quarter-on-quarter. Operating Profit dropped by -39.72 % annually, and saw a -36.17 % decrease from the last quarter.
Net Profit showed yearly decrease of -43.18 %, and experienced a 108.33 % increase from the previous quarter. Earnings Per Share (EPS) fell by -39.33 % annually, however rose by 145.45 % compared to the last quarter. In essence, while Aro Granite Industries 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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