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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 45.3 % in the past year, substantial increase in net sales/revenue by 75.19 %.
- 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 910.65 %. Marginal increase in other income during this quarter, up by 691.16%.
- Profit over the Year and quarter: Challenges in sustaining profitability for Ceeta Industries Ltd.. Profit dropped by -278.02 % Year to Year, Ceeta Industries Ltd.’s profitability increased by 327.72 % in this quarter.
- EPS over the Year and quarter: EPS declined by -279.55 % Year to Year. EPS increased by 327.03 % in previous quarter. Positive impact on shareholders.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 3.066 Cr | Rs. 2.543 Cr | Rs. 4.455 Cr | + 75.19 % | + 45.3 % |
Expenses | Rs. 4.11 Cr | Rs. 2.92 Cr | Rs. 4.12 Cr | + 41.1 % | + 0.24 % |
Operating Profit | Rs. -1.04 Cr | Rs. -0.38 Cr | Rs. 0.34 Cr | + 189.47 % | + 132.69 % |
OPM % | -33.92 % | -14.94 % | 7.63 % | + 22.57 % | + 41.55 % |
Other Income | Rs. 0.31 Cr | Rs. 0.396 Cr | Rs. 3.133 Cr | + 691.16 % | + 910.65 % |
Interest | Rs. 0.31 Cr | Rs. 0.38 Cr | Rs. 0.19 Cr | -50 % | -38.71 % |
Depreciation | Rs. 0.24 Cr | Rs. 0.25 Cr | Rs. 0.25 Cr | + 0 % | + 4.17 % |
Profit before tax | Rs. -1.28 Cr | Rs. -0.61 Cr | Rs. 3.03 Cr | + 596.72 % | + 336.72 % |
Tax % | -0 % | -187.25 % | 24.51 % | + 211.76 % | + 24.51 % |
Net Profit | Rs. -1.28 Cr | Rs. 0.53 Cr | Rs. 2.28 Cr | + 330.19 % | + 278.13 % |
EPS in Rs | Rs. -0.88 | Rs. 0.37 | Rs. 1.58 | + 327.03 % | + 279.55 % |
Today, we’re looking at Ceeta 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 45.3 %. However, it did see a marginal increase of 75.19 % from the previous quarter. Expenses ticked up slightly by 41.1 % quarter-on-quarter, aligning with the annual rise of 0.24 %. Operating profit, while up 132.69 % compared to last year, faced a quarter-on-quarter increase of 189.47 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 41.55 %, but an expansion of 22.57 % sequentially. Other income rose by 691.16 % compared to the last quarter, despite an annual growth of 910.65 %. Interest expenses dropped significantly by -50 % from the previous quarter, yet the year-over-year decrease remains at a moderate -38.71 %. Depreciation costs climbed by 0 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 4.17 %. Profit before tax grew annually by 336.72 % but saw an increase from the preceding quarter by 596.72 %.
Tax expenses as a percentage of profits increased slightly by 24.51 % compared to last year, with a more notable quarter-on-quarter increase of 211.76 %. Net profit rose by 278.13 % year-on-year but experienced a 330.19 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 279.55 % but a quarterly rise of 327.03 %. In summary, Ceeta 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. 3.066 Cr | Rs. 2.543 Cr | Rs. 4.455 Cr | + 75.19 % | + 45.3 % |
Expenses | Rs. 4.11 Cr | Rs. 2.92 Cr | Rs. 4.12 Cr | + 41.1 % | + 0.24 % |
Operating Profit | Rs. -1.04 Cr | Rs. -0.38 Cr | Rs. 0.34 Cr | + 189.47 % | + 132.69 % |
Net Profit | Rs. -1.28 Cr | Rs. 0.53 Cr | Rs. 2.28 Cr | + 330.19 % | + 278.13 % |
EPS in Rs | Rs. -0.88 | Rs. 0.37 | Rs. 1.58 | + 327.03 % | + 279.55 % |
In reviewing Ceeta Industries Ltd.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 45.3 % year-on-year growth, however, there was a minor increase of 75.19 % from the previous quarter. Expenses rose by 0.24 % compared to the previous year, with a 41.1 % increase quarter-on-quarter. Operating Profit surged by 132.69 % annually, and saw a 189.47 % increase from the last quarter.
Net Profit showed yearly increase of 278.13 %, and experienced a 330.19 % increase from the previous quarter. Earnings Per Share (EPS) rose by 279.55 % annually, however rose by 327.03 % compared to the last quarter. In essence, while Ceeta Industries Ltd. 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.