Share the post "Ashiana Agro Industries ‘s Q1 Update: Profit Grows by 200% YoY"
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 -32.39 % over the year, decrease in net sales/revenue by -39.24 %.
- 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 6.52 %. Marginal increase in other income during this quarter, up by 2.08%.
- Profit over the Year and quarter: Challenges in sustaining profitability for Ashiana Agro Industries Ltd. Profit dropped by -212.5 % Year to Year, Ashiana Agro Industries Ltd’s profitability dropped by -82.35 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -200.00 % Year to Year. EPS decreased by -81.82 % 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. 0.213 Cr | Rs. 0.237 Cr | Rs. 0.144 Cr | -39.24 % | -32.39 % |
| Expenses | Rs. 0.27 Cr | Rs. 0.23 Cr | Rs. 0.19 Cr | -17.39 % | -29.63 % |
| Operating Profit | Rs. -0.06 Cr | Rs. 0.01 Cr | Rs. -0.05 Cr | -600 % | + 16.67 % |
| OPM % | -28.17 % | 4.22 % | -34.72 % | -38.94 % | -6.55 % |
| Other Income | Rs. 0.046 Cr | Rs. 0.048 Cr | Rs. 0.049 Cr | + 2.08 % | + 6.52 % |
| Interest | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Depreciation | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Profit before tax | Rs. -0.01 Cr | Rs. 0.06 Cr | Rs. -0 Cr | 0 % | 0 % |
| Tax % | -0 % | 8.93 % | 0 % | -8.93 % | 0 % |
| Net Profit | Rs. -0.01 Cr | Rs. 0.05 Cr | Rs. 0.01 Cr | -80 % | + 200 % |
| EPS in Rs | Rs. -0.02 | Rs. 0.11 | Rs. 0.02 | -81.82 % | + 200 % |
Today, we’re looking at Ashiana Agro Industries 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 -32.39 %. However, it did see a marginal slip of -39.24 % from the previous quarter. Expenses decreased slightly by -17.39 % quarter-on-quarter, aligning with the annual decline of -29.63 %. Operating profit, while up 16.67 % compared to last year, faced a quarter-on-quarter dip of -600 %, 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 -6.55 %, but a shrinkage of -38.94 % sequentially. Other income rose by 2.08 % compared to the last quarter, despite an annual growth of 6.52 %.
with a more notable quarter-on-quarter decrease of -8.93 %. Net profit rose by 200 % year-on-year but witnessed a -80 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 200 % but a quarterly fall of -81.82 %. In summary, Ashiana Agro Industries 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. 0.213 Cr | Rs. 0.237 Cr | Rs. 0.144 Cr | -39.24 % | -32.39 % |
| Expenses | Rs. 0.27 Cr | Rs. 0.23 Cr | Rs. 0.19 Cr | -17.39 % | -29.63 % |
| Operating Profit | Rs. -0.06 Cr | Rs. 0.01 Cr | Rs. -0.05 Cr | -600 % | + 16.67 % |
| Net Profit | Rs. -0.01 Cr | Rs. 0.05 Cr | Rs. 0.01 Cr | -80 % | + 200 % |
| EPS in Rs | Rs. -0.02 | Rs. 0.11 | Rs. 0.02 | -81.82 % | + 200 % |
In reviewing Ashiana Agro Industries Ltd’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -32.39 % year-on-year, although there was a slight dip of -39.24 % from the previous quarter. Expenses decreased by -29.63 % compared to the previous year, with a decrease of -17.39 % quarter-on-quarter. Operating Profit surged by 16.67 % annually, and saw a -600 % decrease from the last quarter.
Net Profit showed yearly increase of 200 %, and experienced a -80 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 200 % annually, however dipped by -81.82 % compared to the last quarter. In essence, while Ashiana Agro Industries Ltd exhibits strong annual growth indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.
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