Atishay announces Q2 results: Profit Rises by 40.78% YoY

The comprehensive analytics outlining the performance and outlook of Atishay Limited‘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.

Today, we’re looking at Atishay Limited’s financial performance for the Q2(Sep 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 78.21 %. However, it did see a marginal increase of 29.15 % from the previous quarter. Expenses ticked up slightly by 30.05 % quarter-on-quarter, aligning with the annual rise of 84.97 %. Operating profit, while up 49.28 % compared to last year, faced a quarter-on-quarter increase of 24.85 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -3.07 %, but a shrinkage of -0.55 % sequentially. Other income rose by 20.39 % compared to the last quarter, despite an annual growth of 17.09 %. Interest expenses surged remarkably by 75 % from the previous quarter, yet the year-over-year decrease remains at a moderate -30 %. Depreciation costs climbed by 4.26 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 36.11 %. Profit before tax grew annually by 48.2 % but saw an increase from the preceding quarter by 28.75 %.
Tax expenses as a percentage of profits increased slightly by 2.7 % compared to last year, with a more notable quarter-on-quarter decrease of -3.63 %. Net profit rose by 40.78 % year-on-year but experienced a 34.26 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 39.36 % but a quarterly rise of 35.05 %. In summary, Atishay Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.

In reviewing Atishay Limited’s 2024(Q2) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 78.21 % year-on-year growth, however, there was a minor increase of 29.15 % from the previous quarter. Expenses rose by 84.97 % compared to the previous year, with a 30.05 % increase quarter-on-quarter. Operating Profit surged by 49.28 % annually, and saw a 24.85 % increase from the last quarter.
Net Profit showed yearly increase of 40.78 %, and experienced a 34.26 % increase from the previous quarter. Earnings Per Share (EPS) rose by 39.36 % annually, however rose by 35.05 % compared to the last quarter. In essence, while Atishay Limited 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.