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Highlights
- The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company’s sales declined by -83.63 % over the year, decrease in net sales/revenue by -93.85 %.
- 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 824.79 %. Marginal decrease of -33.82% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Ashnisha Industries Limited. Profit dropped by -83.76 % Year to Year, Ashnisha Industries Limited’s profitability dropped by -74.88 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -66.67 % Year to Year. EPS decreased by -50 % 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. 2.553 Cr | Rs. 6.802 Cr | Rs. 0.418 Cr | -93.85 % | -83.63 % |
Expenses | Rs. 2.28 Cr | Rs. 7.6 Cr | Rs. 1.32 Cr | -82.63 % | -42.11 % |
Operating Profit | Rs. 0.27 Cr | Rs. -0.8 Cr | Rs. -0.9 Cr | -12.5 % | -433.33 % |
OPM % | 10.58 % | -11.76 % | -215.31 % | -203.55 % | -225.89 % |
Other Income | Rs. 0.117 Cr | Rs. 1.635 Cr | Rs. 1.082 Cr | -33.82 % | + 824.79 % |
Interest | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
Depreciation | Rs. 0.08 Cr | Rs. 0.3 Cr | Rs. 0.13 Cr | -56.67 % | + 62.5 % |
Profit before tax | Rs. 0.31 Cr | Rs. 0.54 Cr | Rs. 0.05 Cr | -90.74 % | -83.87 % |
Tax % | 0 % | 62.55 % | 0 % | -62.55 % | 0 % |
Net Profit | Rs. 0.31 Cr | Rs. 0.2 Cr | Rs. 0.05 Cr | -75 % | -83.87 % |
EPS in Rs | Rs. 0.03 | Rs. 0.02 | Rs. 0.01 | -50 % | -66.67 % |
Today, we’re looking at Ashnisha 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 -83.63 %. However, it did see a marginal slip of -93.85 % from the previous quarter. Expenses decreased slightly by -82.63 % quarter-on-quarter, aligning with the annual decline of -42.11 %. Operating profit, while down -433.33 % compared to last year, faced a quarter-on-quarter dip of -12.5 %, 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 -225.89 %, but a shrinkage of -203.55 % sequentially. Other income fell by -33.82 % compared to the last quarter, despite an annual growth of 824.79 %. Depreciation costs fell by -56.67 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 62.5 %. Profit before tax declined annually by -83.87 % but saw a reduction from the preceding quarter by -90.74 %.
with a more notable quarter-on-quarter decrease of -62.55 %. Net profit fell by -83.87 % year-on-year but witnessed a -75 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -66.67 % but a quarterly fall of -50 %. In summary, Ashnisha 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. 2.553 Cr | Rs. 6.802 Cr | Rs. 0.418 Cr | -93.85 % | -83.63 % |
Expenses | Rs. 2.28 Cr | Rs. 7.6 Cr | Rs. 1.32 Cr | -82.63 % | -42.11 % |
Operating Profit | Rs. 0.27 Cr | Rs. -0.8 Cr | Rs. -0.9 Cr | -12.5 % | -433.33 % |
Net Profit | Rs. 0.31 Cr | Rs. 0.2 Cr | Rs. 0.05 Cr | -75 % | -83.87 % |
EPS in Rs | Rs. 0.03 | Rs. 0.02 | Rs. 0.01 | -50 % | -66.67 % |
In reviewing Ashnisha Industries Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -83.63 % year-on-year, although there was a slight dip of -93.85 % from the previous quarter. Expenses decreased by -42.11 % compared to the previous year, with a decrease of -82.63 % quarter-on-quarter. Operating Profit dropped by -433.33 % annually, and saw a -12.5 % decrease from the last quarter.
Net Profit showed yearly decrease of -83.87 %, and experienced a -75 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -66.67 % annually, however dipped by -50 % compared to the last quarter. In essence, while Ashnisha Industries Limited faces strong annual decline 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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