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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 -26.18 % over the year, decrease in net sales/revenue by -56.09 %.
- 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 20.92 %. Marginal increase in other income during this quarter, up by 0.91%.
- Profit over the Year and quarter: Significant improvement in profitability for Artefact Projects Ltd. Notable increase of 12.63 % in net profit Year to Year, Artefact Projects Ltd’s profitability increased by 552.73 % in this quarter.
- EPS over the Year and quarter: EPS increased by 12.57 % Year to Year. EPS increased by 347.73 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 4.233 Cr | Rs. 7.117 Cr | Rs. 3.125 Cr | -56.09 % | -26.18 % |
| Expenses | Rs. 3.58 Cr | Rs. 7.39 Cr | Rs. 2.26 Cr | -69.42 % | -36.87 % |
| Operating Profit | Rs. 0.65 Cr | Rs. -0.27 Cr | Rs. 0.87 Cr | + 422.22 % | + 33.85 % |
| OPM % | 15.36 % | -3.79 % | 27.84 % | + 31.63 % | + 12.48 % |
| Other Income | Rs. 1.004 Cr | Rs. 1.203 Cr | Rs. 1.214 Cr | + 0.91 % | + 20.92 % |
| Interest | Rs. 0.24 Cr | Rs. 0.48 Cr | Rs. 0.41 Cr | -14.58 % | + 70.83 % |
| Depreciation | Rs. 0.1 Cr | Rs. 0.1 Cr | Rs. 0.1 Cr | + 0 % | + 0 % |
| Profit before tax | Rs. 1.31 Cr | Rs. 0.35 Cr | Rs. 1.57 Cr | + 348.57 % | + 19.85 % |
| Tax % | 3.12 % | 37.68 % | 8.65 % | -29.03 % | + 5.53 % |
| Net Profit | Rs. 1.28 Cr | Rs. 0.22 Cr | Rs. 1.44 Cr | + 554.55 % | + 12.5 % |
| EPS in Rs | Rs. 1.75 | Rs. 0.44 | Rs. 1.97 | + 347.73 % | + 12.57 % |
Today, we’re looking at Artefact Projects 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 -26.18 %. However, it did see a marginal slip of -56.09 % from the previous quarter. Expenses decreased slightly by -69.42 % quarter-on-quarter, aligning with the annual decline of -36.87 %. Operating profit, while up 33.85 % compared to last year, faced a quarter-on-quarter increase of 422.22 %, 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 12.48 %, but an expansion of 31.63 % sequentially. Other income rose by 0.91 % compared to the last quarter, despite an annual growth of 20.92 %. Interest expenses dropped significantly by -14.58 % from the previous quarter, yet the year-over-year increase remains at a moderate 70.83 %. Depreciation costs climbed by 0 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 0 %. Profit before tax grew annually by 19.85 % but saw an increase from the preceding quarter by 348.57 %.
Tax expenses as a percentage of profits increased slightly by 5.53 % compared to last year, with a more notable quarter-on-quarter decrease of -29.03 %. Net profit rose by 12.5 % year-on-year but experienced a 554.55 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 12.57 % but a quarterly rise of 347.73 %. In summary, Artefact 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. 4.233 Cr | Rs. 7.117 Cr | Rs. 3.125 Cr | -56.09 % | -26.18 % |
| Expenses | Rs. 3.58 Cr | Rs. 7.39 Cr | Rs. 2.26 Cr | -69.42 % | -36.87 % |
| Operating Profit | Rs. 0.65 Cr | Rs. -0.27 Cr | Rs. 0.87 Cr | + 422.22 % | + 33.85 % |
| Net Profit | Rs. 1.28 Cr | Rs. 0.22 Cr | Rs. 1.44 Cr | + 554.55 % | + 12.5 % |
| EPS in Rs | Rs. 1.75 | Rs. 0.44 | Rs. 1.97 | + 347.73 % | + 12.57 % |
In reviewing Artefact Projects Ltd’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -26.18 % year-on-year, although there was a slight dip of -56.09 % from the previous quarter. Expenses decreased by -36.87 % compared to the previous year, with a decrease of -69.42 % quarter-on-quarter. Operating Profit surged by 33.85 % annually, and saw a 422.22 % increase from the last quarter.
Net Profit showed yearly increase of 12.5 %, and experienced a 554.55 % increase from the previous quarter. Earnings Per Share (EPS) rose by 12.57 % annually, however rose by 347.73 % compared to the last quarter. In essence, while Artefact Projects 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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