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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 -6.7 % over the year, decrease in net sales/revenue by -14.31 %.
- 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 21.12 %. Marginal increase in other income during this quarter, up by 51.75%.
- Profit over the Year and quarter: Challenges in sustaining profitability for Axtel Industries Ltd.. Profit dropped by -22.74 % Year to Year, Axtel Industries Ltd.’s profitability dropped by -22.61 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -22.80 % Year to Year. EPS decreased by -22.8 % 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. 47.908 Cr | Rs. 52.158 Cr | Rs. 44.696 Cr | -14.31 % | -6.7 % |
| Expenses | Rs. 40.88 Cr | Rs. 44.44 Cr | Rs. 39.22 Cr | -11.75 % | -4.06 % |
| Operating Profit | Rs. 7.03 Cr | Rs. 7.72 Cr | Rs. 5.48 Cr | -29.02 % | -22.05 % |
| OPM % | 14.67 % | 14.8 % | 12.26 % | -2.54 % | -2.41 % |
| Other Income | Rs. 0.753 Cr | Rs. 0.601 Cr | Rs. 0.912 Cr | + 51.75 % | + 21.12 % |
| Interest | Rs. 0.31 Cr | Rs. 0.4 Cr | Rs. 0.18 Cr | -55 % | -41.94 % |
| Depreciation | Rs. 0.47 Cr | Rs. 0.99 Cr | Rs. 0.87 Cr | -12.12 % | + 85.11 % |
| Profit before tax | Rs. 7 Cr | Rs. 6.93 Cr | Rs. 5.34 Cr | -22.94 % | -23.71 % |
| Tax % | 24 % | 23.38 % | 23 % | -0.38 % | -1 % |
| Net Profit | Rs. 5.32 Cr | Rs. 5.31 Cr | Rs. 4.11 Cr | -22.6 % | -22.74 % |
| EPS in Rs | Rs. 3.29 | Rs. 3.29 | Rs. 2.54 | -22.8 % | -22.8 % |
Today, we’re looking at Axtel 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 -6.7 %. However, it did see a marginal slip of -14.31 % from the previous quarter. Expenses decreased slightly by -11.75 % quarter-on-quarter, aligning with the annual decline of -4.06 %. Operating profit, while down -22.05 % compared to last year, faced a quarter-on-quarter dip of -29.02 %, 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 -2.41 %, but a shrinkage of -2.54 % sequentially. Other income rose by 51.75 % compared to the last quarter, despite an annual growth of 21.12 %. Interest expenses dropped significantly by -55 % from the previous quarter, yet the year-over-year decrease remains at a moderate -41.94 %. Depreciation costs fell by -12.12 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 85.11 %. Profit before tax declined annually by -23.71 % but saw a reduction from the preceding quarter by -22.94 %.
Tax expenses as a percentage of profits decreased slightly by -1 % compared to last year, with a more notable quarter-on-quarter decrease of -0.38 %. Net profit fell by -22.74 % year-on-year but witnessed a -22.6 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -22.8 % but a quarterly fall of -22.8 %. In summary, Axtel 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. 47.908 Cr | Rs. 52.158 Cr | Rs. 44.696 Cr | -14.31 % | -6.7 % |
| Expenses | Rs. 40.88 Cr | Rs. 44.44 Cr | Rs. 39.22 Cr | -11.75 % | -4.06 % |
| Operating Profit | Rs. 7.03 Cr | Rs. 7.72 Cr | Rs. 5.48 Cr | -29.02 % | -22.05 % |
| Net Profit | Rs. 5.32 Cr | Rs. 5.31 Cr | Rs. 4.11 Cr | -22.6 % | -22.74 % |
| EPS in Rs | Rs. 3.29 | Rs. 3.29 | Rs. 2.54 | -22.8 % | -22.8 % |
In reviewing Axtel Industries Ltd.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -6.7 % year-on-year, although there was a slight dip of -14.31 % from the previous quarter. Expenses decreased by -4.06 % compared to the previous year, with a decrease of -11.75 % quarter-on-quarter. Operating Profit dropped by -22.05 % annually, and saw a -29.02 % decrease from the last quarter.
Net Profit showed yearly decrease of -22.74 %, and experienced a -22.6 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -22.8 % annually, however dipped by -22.8 % compared to the last quarter. In essence, while Axtel Industries Ltd. 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.
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