Share the post "Atal Realtech ‘s Q1 Results: Profit Drops by 13.04% 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 -19.33 % over the year, decrease in net sales/revenue by -85.77 %.
- 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 727.78 %. Marginal increase in other income during this quarter, up by 263.41%.
- Profit over the Year and quarter: Challenges in sustaining profitability for Atal Realtech Limited. Profit dropped by -13.36 % Year to Year, Atal Realtech Limited’s profitability dropped by -83.7 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -81.25 % Year to Year. EPS decreased by -82.35 % 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. 4.33 Cr | Rs. 24.542 Cr | Rs. 3.493 Cr | -85.77 % | -19.33 % |
| Expenses | Rs. 3.53 Cr | Rs. 21.88 Cr | Rs. 2.88 Cr | -86.84 % | -18.41 % |
| Operating Profit | Rs. 0.8 Cr | Rs. 2.66 Cr | Rs. 0.61 Cr | -77.07 % | -23.75 % |
| OPM % | 18.48 % | 10.84 % | 17.46 % | + 6.62 % | -1.02 % |
| Other Income | Rs. 0.018 Cr | Rs. 0.041 Cr | Rs. 0.149 Cr | + 263.41 % | + 727.78 % |
| Interest | Rs. 0.46 Cr | Rs. 0.41 Cr | Rs. 0.34 Cr | -17.07 % | -26.09 % |
| Depreciation | Rs. 0.04 Cr | Rs. 0.34 Cr | Rs. 0.15 Cr | -55.88 % | + 275 % |
| Profit before tax | Rs. 0.32 Cr | Rs. 1.95 Cr | Rs. 0.27 Cr | -86.15 % | -15.63 % |
| Tax % | 27.73 % | 36.83 % | 26.37 % | -10.46 % | -1.36 % |
| Net Profit | Rs. 0.23 Cr | Rs. 1.23 Cr | Rs. 0.2 Cr | -83.74 % | -13.04 % |
| EPS in Rs | Rs. 0.16 | Rs. 0.17 | Rs. 0.03 | -82.35 % | -81.25 % |
Today, we’re looking at Atal Realtech 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 -19.33 %. However, it did see a marginal slip of -85.77 % from the previous quarter. Expenses decreased slightly by -86.84 % quarter-on-quarter, aligning with the annual decline of -18.41 %. Operating profit, while down -23.75 % compared to last year, faced a quarter-on-quarter dip of -77.07 %, 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 -1.02 %, but an expansion of 6.62 % sequentially. Other income rose by 263.41 % compared to the last quarter, despite an annual growth of 727.78 %. Interest expenses dropped significantly by -17.07 % from the previous quarter, yet the year-over-year decrease remains at a moderate -26.09 %. Depreciation costs fell by -55.88 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 275 %. Profit before tax declined annually by -15.63 % but saw a reduction from the preceding quarter by -86.15 %.
Tax expenses as a percentage of profits decreased slightly by -1.36 % compared to last year, with a more notable quarter-on-quarter decrease of -10.46 %. Net profit fell by -13.04 % year-on-year but witnessed a -83.74 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -81.25 % but a quarterly fall of -82.35 %. In summary, Atal Realtech 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. 4.33 Cr | Rs. 24.542 Cr | Rs. 3.493 Cr | -85.77 % | -19.33 % |
| Expenses | Rs. 3.53 Cr | Rs. 21.88 Cr | Rs. 2.88 Cr | -86.84 % | -18.41 % |
| Operating Profit | Rs. 0.8 Cr | Rs. 2.66 Cr | Rs. 0.61 Cr | -77.07 % | -23.75 % |
| Net Profit | Rs. 0.23 Cr | Rs. 1.23 Cr | Rs. 0.2 Cr | -83.74 % | -13.04 % |
| EPS in Rs | Rs. 0.16 | Rs. 0.17 | Rs. 0.03 | -82.35 % | -81.25 % |
In reviewing Atal Realtech Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -19.33 % year-on-year, although there was a slight dip of -85.77 % from the previous quarter. Expenses decreased by -18.41 % compared to the previous year, with a decrease of -86.84 % quarter-on-quarter. Operating Profit dropped by -23.75 % annually, and saw a -77.07 % decrease from the last quarter.
Net Profit showed yearly decrease of -13.04 %, and experienced a -83.74 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -81.25 % annually, however dipped by -82.35 % compared to the last quarter. In essence, while Atal Realtech 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.
