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Ashapura Minechem : Q4 2024 Financial Quarterly Report : YoY Sales Down 36.79 %, QoQ Down 38.29 %

June 13, 2024June 13, 2024| adminadmin| 0 Comments| 5:05 pm
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Highlights

  • Sales over the Year and quarter: The company’s sales declined by -36.79 % over the year, decrease in net sales/revenue by -38.29 %.
  • Income over the Year and quarter: There has been decline in other income over the past year which is -72.57 %, Marginal decrease of -39.6% in other income during this quarter.
  • Profit over the Year and quarter: Significant improvement in profitability for Ashapura Minechem Ltd. Notable increase of 69.34 % in net profit Year to Year, Ashapura Minechem Ltd’s profitability increased by 24.32 % in this quarter.
  • EPS over the Year and quarter: EPS increased by 71.40 % Year to Year. EPS increased by 21.59 % in previous quarter. Positive impact on shareholders.

The comprehensive analytics outlining the performance and outlook of Ashapura Minechem 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.

Metrics Previous Year Previous Quarter Current Quarter Quarter to Quarter Difference Year to Year Difference
Sales Rs. 696.2 Cr Rs. 713.104 Cr Rs. 440.081 Cr -38.29 % -36.79 %
Expenses Rs. 637.12 Cr Rs. 655.32 Cr Rs. 391.7 Cr -40.23 % -38.52 %
Operating Profit Rs. 59.08 Cr Rs. 57.78 Cr Rs. 48.38 Cr -16.27 % -18.11 %
OPM % 8.49 % 8.1 % 10.99 % + 2.89 % + 2.5 %
Other Income Rs. 30.92 Cr Rs. 14.04 Cr Rs. 8.48 Cr -39.6 % -72.57 %
Interest Rs. 19.27 Cr Rs. 22.26 Cr Rs. 16.01 Cr -28.08 % -16.92 %
Depreciation Rs. 19.37 Cr Rs. 20.05 Cr Rs. 20.99 Cr + 4.69 % + 8.36 %
Profit before tax Rs. 51.36 Cr Rs. 29.51 Cr Rs. 19.86 Cr -32.7 % -61.33 %
Tax % 27.32 % 14.75 % 13.14 % -1.61 % -14.18 %
Net Profit Rs. 39.79 Cr Rs. 54.19 Cr Rs. 67.37 Cr + 24.32 % + 69.31 %
EPS in Rs Rs. 4.37 Rs. 5.83 Rs. 7.29 + 25.04 % + 66.82 %


Today, we’re looking at Ashapura Minechem Ltd’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -36.79 %. However, it did see a marginal slip of -38.29 % from the previous quarter. Expenses decreased slightly by -40.23 % quarter-on-quarter, aligning with the annual decline of -38.52 %. Operating profit, while down -18.11 % compared to last year, faced a quarter-on-quarter dip of -16.27 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 2.5 %, but an expansion of 2.89 % sequentially. Other income fell by -39.6 % compared to the last quarter, despite an annual decline of -72.57 %. Interest expenses dropped significantly by -28.08 % from the previous quarter, yet the year-over-year decrease remains at a moderate -16.92 %. Depreciation costs climbed by 4.69 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 8.36 %. Profit before tax declined annually by -61.33 % but saw a reduction from the preceding quarter by -32.7 %.
Tax expenses as a percentage of profits decreased slightly by -14.18 % compared to last year, with a more notable quarter-on-quarter decrease of -1.61 %. Net profit rose by 69.31 % year-on-year but experienced a 24.32 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 66.82 % but a quarterly rise of 25.04 %. In summary, Ashapura Minechem 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. 696.2 Cr Rs. 713.104 Cr Rs. 440.081 Cr -38.29 % -36.79 %
Expenses Rs. 637.12 Cr Rs. 655.32 Cr Rs. 391.7 Cr -40.23 % -38.52 %
Operating Profit Rs. 59.08 Cr Rs. 57.78 Cr Rs. 48.38 Cr -16.27 % -18.11 %
Net Profit Rs. 39.79 Cr Rs. 54.19 Cr Rs. 67.37 Cr + 24.32 % + 69.31 %
EPS in Rs Rs. 4.37 Rs. 5.83 Rs. 7.29 + 25.04 % + 66.82 %


In reviewing Ashapura Minechem Ltd’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -36.79 % year-on-year, although there was a slight dip of -38.29 % from the previous quarter. Expenses decreased by -38.52 % compared to the previous year, with a decrease of -40.23 % quarter-on-quarter. Operating Profit dropped by -18.11 % annually, and saw a -16.27 % decrease from the last quarter.
Net Profit showed yearly increase of 69.31 %, and experienced a 24.32 % increase from the previous quarter. Earnings Per Share (EPS) rose by 66.82 % annually, however rose by 25.04 % compared to the last quarter. In essence, while Ashapura Minechem 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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