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Chitradurga Spintex : Q4 2024 Financial Quarterly Report : YoY Sales Up 6137.7 %, QoQ Up 25.64 %

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Highlights

  • Sales over the Year and quarter: The company experienced a substantial growth of 6137.7 % in the past year, substantial increase in net sales/revenue by 25.64 %.
  • Income over the Year and quarter: There has been decline in other income over the past year which is %, Marginal increase in other income during this quarter, up by 7.69%.
  • Profit over the Year and quarter: Challenges in sustaining profitability for Chitradurga Spintex Ltd.. Profit dropped by -655.66 % Year to Year, Chitradurga Spintex Ltd.’s profitability increased by 933.33 % in this quarter.
  • EPS over the Year and quarter: EPS declined by -658.06 % Year to Year. EPS increased by 917.65 % in previous quarter. Positive impact on shareholders.

The comprehensive analytics outlining the performance and outlook of Chitradurga Spintex Ltd.”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.

Metrics Previous Year Previous Quarter Current Quarter Quarter to Quarter Difference Year to Year Difference
Sales Rs. 0.122 Cr Rs. 6.057 Cr Rs. 7.61 Cr + 25.64 % + 6137.7 %
Expenses Rs. 0.23 Cr Rs. 6.22 Cr Rs. 7.66 Cr + 23.15 % + 3230.43 %
Operating Profit Rs. -0.11 Cr Rs. -0.16 Cr Rs. -0.05 Cr + 68.75 % + 54.55 %
OPM % -90.16 % -2.64 % -0.66 % + 1.98 % + 89.5 %
Other Income Rs. 0 Cr Rs. 0.26 Cr Rs. 0.28 Cr + 7.69 % 0 %
Interest Rs. 0 Cr Rs. 0.01 Cr Rs. 0.01 Cr + 0 % 0 %
Depreciation Rs. 0 Cr Rs. 0.01 Cr Rs. 0 Cr 0 % 0 %
Profit before tax Rs. -0.11 Cr Rs. 0.08 Cr Rs. 0.22 Cr + 175 % + 300 %
Tax % -0 % 24 % 169.41 % + 145.41 % + 169.41 %
Net Profit Rs. -0.11 Cr Rs. 0.06 Cr Rs. 0.59 Cr + 883.33 % + 636.36 %
EPS in Rs Rs. -0.31 Rs. 0.17 Rs. 1.73 + 917.65 % + 658.06 %


Today, we’re looking at Chitradurga Spintex Ltd.’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 6137.7 %. However, it did see a marginal increase of 25.64 % from the previous quarter. Expenses ticked up slightly by 23.15 % quarter-on-quarter, aligning with the annual rise of 3230.43 %. Operating profit, while up 54.55 % compared to last year, faced a quarter-on-quarter increase of 68.75 %, 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 89.5 %, but an expansion of 1.98 % sequentially. Other income rose by 7.69 % compared to the last quarter, Interest expenses surged remarkably by 0 % from the previous quarter, Profit before tax grew annually by 300 % but saw an increase from the preceding quarter by 175 %.
Tax expenses as a percentage of profits increased slightly by 169.41 % compared to last year, with a more notable quarter-on-quarter increase of 145.41 %. Net profit rose by 636.36 % year-on-year but experienced a 883.33 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 658.06 % but a quarterly rise of 917.65 %. In summary, Chitradurga Spintex 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. 0.122 Cr Rs. 6.057 Cr Rs. 7.61 Cr + 25.64 % + 6137.7 %
Expenses Rs. 0.23 Cr Rs. 6.22 Cr Rs. 7.66 Cr + 23.15 % + 3230.43 %
Operating Profit Rs. -0.11 Cr Rs. -0.16 Cr Rs. -0.05 Cr + 68.75 % + 54.55 %
Net Profit Rs. -0.11 Cr Rs. 0.06 Cr Rs. 0.59 Cr + 883.33 % + 636.36 %
EPS in Rs Rs. -0.31 Rs. 0.17 Rs. 1.73 + 917.65 % + 658.06 %


In reviewing Chitradurga Spintex Ltd.’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 6137.7 % year-on-year growth, however, there was a minor increase of 25.64 % from the previous quarter. Expenses rose by 3230.43 % compared to the previous year, with a 23.15 % increase quarter-on-quarter. Operating Profit surged by 54.55 % annually, and saw a 68.75 % increase from the last quarter.
Net Profit showed yearly increase of 636.36 %, and experienced a 883.33 % increase from the previous quarter. Earnings Per Share (EPS) rose by 658.06 % annually, however rose by 917.65 % compared to the last quarter. In essence, while Chitradurga Spintex 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.

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