Share the post "Chitradurga Spintex : Q4 2024 Financial Quarterly Report : YoY Sales Up 6137.7 %, QoQ Up 25.64 %"
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.
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.