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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 experienced a substantial growth of 11.26 % in the past year, substantial increase in net sales/revenue by 14.17 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -29.41 %, Marginal decrease of -53.85% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Blue Chip Tex Industries Ltd.,. Profit dropped by -202.49 % Year to Year, Blue Chip Tex Industries Ltd.,’s profitability dropped by -62.94 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -202.17 % Year to Year. EPS decreased by -62.99 % 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. 61.23 Cr | Rs. 59.666 Cr | Rs. 68.123 Cr | + 14.17 % | + 11.26 % |
Expenses | Rs. 59.94 Cr | Rs. 60.33 Cr | Rs. 67.81 Cr | + 12.4 % | + 13.13 % |
Operating Profit | Rs. 1.29 Cr | Rs. -0.66 Cr | Rs. 0.31 Cr | + 146.97 % | -75.97 % |
OPM % | 2.11 % | -1.11 % | 0.46 % | + 1.57 % | -1.65 % |
Other Income | Rs. 0.017 Cr | Rs. 0.026 Cr | Rs. 0.012 Cr | -53.85 % | -29.41 % |
Interest | Rs. 0.13 Cr | Rs. 0.1 Cr | Rs. 0.05 Cr | -50 % | -61.54 % |
Depreciation | Rs. 0.64 Cr | Rs. 0.65 Cr | Rs. 0.64 Cr | -1.54 % | + 0 % |
Profit before tax | Rs. 0.54 Cr | Rs. -1.38 Cr | Rs. -0.37 Cr | + 73.19 % | -168.52 % |
Tax % | 33.46 % | -27.78 % | -1.92 % | + 25.86 % | -35.38 % |
Net Profit | Rs. 0.36 Cr | Rs. -1 Cr | Rs. -0.37 Cr | + 63 % | -202.78 % |
EPS in Rs | Rs. 1.84 | Rs. -5.08 | Rs. -1.88 | + 62.99 % | -202.17 % |
Today, we’re looking at Blue Chip Tex Industries Ltd.,’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 11.26 %. However, it did see a marginal increase of 14.17 % from the previous quarter. Expenses ticked up slightly by 12.4 % quarter-on-quarter, aligning with the annual rise of 13.13 %. Operating profit, while down -75.97 % compared to last year, faced a quarter-on-quarter increase of 146.97 %, 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 -1.65 %, but an expansion of 1.57 % sequentially. Other income fell by -53.85 % compared to the last quarter, despite an annual decline of -29.41 %. Interest expenses dropped significantly by -50 % from the previous quarter, yet the year-over-year decrease remains at a moderate -61.54 %. Depreciation costs fell by -1.54 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 0 %. Profit before tax declined annually by -168.52 % but saw an increase from the preceding quarter by 73.19 %.
Tax expenses as a percentage of profits decreased slightly by -35.38 % compared to last year, with a more notable quarter-on-quarter increase of 25.86 %. Net profit fell by -202.78 % year-on-year but experienced a 63 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -202.17 % but a quarterly rise of 62.99 %. In summary, Blue Chip Tex 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. 61.23 Cr | Rs. 59.666 Cr | Rs. 68.123 Cr | + 14.17 % | + 11.26 % |
Expenses | Rs. 59.94 Cr | Rs. 60.33 Cr | Rs. 67.81 Cr | + 12.4 % | + 13.13 % |
Operating Profit | Rs. 1.29 Cr | Rs. -0.66 Cr | Rs. 0.31 Cr | + 146.97 % | -75.97 % |
Net Profit | Rs. 0.36 Cr | Rs. -1 Cr | Rs. -0.37 Cr | + 63 % | -202.78 % |
EPS in Rs | Rs. 1.84 | Rs. -5.08 | Rs. -1.88 | + 62.99 % | -202.17 % |
In reviewing Blue Chip Tex Industries Ltd.,’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 11.26 % year-on-year growth, however, there was a minor increase of 14.17 % from the previous quarter. Expenses rose by 13.13 % compared to the previous year, with a 12.4 % increase quarter-on-quarter. Operating Profit dropped by -75.97 % annually, and saw a 146.97 % increase from the last quarter.
Net Profit showed yearly decrease of -202.78 %, and experienced a 63 % increase from the previous quarter. Earnings Per Share (EPS) fell by -202.17 % annually, however rose by 62.99 % compared to the last quarter. In essence, while Blue Chip Tex 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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