Share the post "Arvind SmartSpaces : Q1 2024 Financial Quarterly Report : YoY Sales Up 15.91 %, QoQ Down 34 %"
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 15.91 % in the past year, decrease in net sales/revenue by -34 %.
- 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 22.67 %. Marginal increase in other income during this quarter, up by 0.22%.
- Profit over the Year and quarter: Challenges in sustaining profitability for Arvind SmartSpaces Limited. Profit dropped by -16.29 % Year to Year, Arvind SmartSpaces Limited’s profitability dropped by -60.95 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -63.84 % Year to Year. EPS decreased by -81.29 % 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. 66.836 Cr | Rs. 117.372 Cr | Rs. 77.47 Cr | -34 % | + 15.91 % |
| Expenses | Rs. 40.51 Cr | Rs. 86.02 Cr | Rs. 65.29 Cr | -24.1 % | + 61.17 % |
| Operating Profit | Rs. 26.33 Cr | Rs. 31.35 Cr | Rs. 12.18 Cr | -61.15 % | -53.74 % |
| OPM % | 39.39 % | 26.71 % | 15.72 % | -10.99 % | -23.67 % |
| Other Income | Rs. 2.236 Cr | Rs. 2.737 Cr | Rs. 2.743 Cr | + 0.22 % | + 22.67 % |
| Interest | Rs. 14.61 Cr | Rs. 4.46 Cr | Rs. 3.36 Cr | -24.66 % | -77 % |
| Depreciation | Rs. 0.86 Cr | Rs. 1.22 Cr | Rs. 1.13 Cr | -7.38 % | + 31.4 % |
| Profit before tax | Rs. 13.1 Cr | Rs. 28.41 Cr | Rs. 10.43 Cr | -63.29 % | -20.38 % |
| Tax % | 30.49 % | 31.33 % | 26.97 % | -4.36 % | -3.52 % |
| Net Profit | Rs. 9.1 Cr | Rs. 19.51 Cr | Rs. 7.62 Cr | -60.94 % | -16.26 % |
| EPS in Rs | Rs. 1.76 | Rs. 3.39 | Rs. 0.64 | -81.12 % | -63.64 % |
Today, we’re looking at Arvind SmartSpaces Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 15.91 %. However, it did see a marginal slip of -34 % from the previous quarter. Expenses decreased slightly by -24.1 % quarter-on-quarter, aligning with the annual rise of 61.17 %. Operating profit, while down -53.74 % compared to last year, faced a quarter-on-quarter dip of -61.15 %, 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 -23.67 %, but a shrinkage of -10.99 % sequentially. Other income rose by 0.22 % compared to the last quarter, despite an annual growth of 22.67 %. Interest expenses dropped significantly by -24.66 % from the previous quarter, yet the year-over-year decrease remains at a moderate -77 %. Depreciation costs fell by -7.38 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 31.4 %. Profit before tax declined annually by -20.38 % but saw a reduction from the preceding quarter by -63.29 %.
Tax expenses as a percentage of profits decreased slightly by -3.52 % compared to last year, with a more notable quarter-on-quarter decrease of -4.36 %. Net profit fell by -16.26 % year-on-year but witnessed a -60.94 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -63.64 % but a quarterly fall of -81.12 %. In summary, Arvind SmartSpaces 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. 66.836 Cr | Rs. 117.372 Cr | Rs. 77.47 Cr | -34 % | + 15.91 % |
| Expenses | Rs. 40.51 Cr | Rs. 86.02 Cr | Rs. 65.29 Cr | -24.1 % | + 61.17 % |
| Operating Profit | Rs. 26.33 Cr | Rs. 31.35 Cr | Rs. 12.18 Cr | -61.15 % | -53.74 % |
| Net Profit | Rs. 9.1 Cr | Rs. 19.51 Cr | Rs. 7.62 Cr | -60.94 % | -16.26 % |
| EPS in Rs | Rs. 1.76 | Rs. 3.39 | Rs. 0.64 | -81.12 % | -63.64 % |
In reviewing Arvind SmartSpaces Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 15.91 % year-on-year growth, although there was a slight dip of -34 % from the previous quarter. Expenses rose by 61.17 % compared to the previous year, with a decrease of -24.1 % quarter-on-quarter. Operating Profit dropped by -53.74 % annually, and saw a -61.15 % decrease from the last quarter.
Net Profit showed yearly decrease of -16.26 %, and experienced a -60.94 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -63.64 % annually, however dipped by -81.12 % compared to the last quarter. In essence, while Arvind SmartSpaces Limited 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.
