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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 14.21 % in the past year, decrease in net sales/revenue by -62.48 %.
- 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 6.38 %. Marginal decrease of -78.54% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Conart Engineers Ltd.. Notable increase of 3.82 % in net profit Year to Year, Conart Engineers Ltd.’s profitability dropped by -92.42 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 2.38 % Year to Year. EPS decreased by -92.47 % 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. 8.686 Cr | Rs. 26.44 Cr | Rs. 9.92 Cr | -62.48 % | + 14.21 % |
| Expenses | Rs. 8.45 Cr | Rs. 24.8 Cr | Rs. 9.45 Cr | -61.9 % | + 11.83 % |
| Operating Profit | Rs. 0.24 Cr | Rs. 1.64 Cr | Rs. 0.47 Cr | -71.34 % | + 95.83 % |
| OPM % | 2.76 % | 6.2 % | 4.74 % | -1.46 % | + 1.98 % |
| Other Income | Rs. 0.094 Cr | Rs. 0.466 Cr | Rs. 0.1 Cr | -78.54 % | + 6.38 % |
| Interest | Rs. 0.01 Cr | Rs. 0.01 Cr | Rs. 0.01 Cr | + 0 % | + 0 % |
| Depreciation | Rs. 0.15 Cr | Rs. 0.31 Cr | Rs. 0.15 Cr | -51.61 % | + 0 % |
| Profit before tax | Rs. 0.17 Cr | Rs. 1.79 Cr | Rs. 0.41 Cr | -77.09 % | + 141.18 % |
| Tax % | 25.14 % | 0.79 % | 66.91 % | + 66.12 % | + 41.77 % |
| Net Profit | Rs. 0.13 Cr | Rs. 1.79 Cr | Rs. 0.14 Cr | -92.18 % | + 7.69 % |
| EPS in Rs | Rs. 0.42 | Rs. 5.71 | Rs. 0.43 | -92.47 % | + 2.38 % |
Today, we’re looking at Conart Engineers 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 14.21 %. However, it did see a marginal slip of -62.48 % from the previous quarter. Expenses decreased slightly by -61.9 % quarter-on-quarter, aligning with the annual rise of 11.83 %. Operating profit, while up 95.83 % compared to last year, faced a quarter-on-quarter dip of -71.34 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 1.98 %, but a shrinkage of -1.46 % sequentially. Other income fell by -78.54 % compared to the last quarter, despite an annual growth of 6.38 %. Interest expenses surged remarkably by 0 % from the previous quarter, yet the year-over-year increase remains at a moderate 0 %. Depreciation costs fell by -51.61 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 0 %. Profit before tax grew annually by 141.18 % but saw a reduction from the preceding quarter by -77.09 %.
Tax expenses as a percentage of profits increased slightly by 41.77 % compared to last year, with a more notable quarter-on-quarter increase of 66.12 %. Net profit rose by 7.69 % year-on-year but witnessed a -92.18 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 2.38 % but a quarterly fall of -92.47 %. In summary, Conart Engineers 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. 8.686 Cr | Rs. 26.44 Cr | Rs. 9.92 Cr | -62.48 % | + 14.21 % |
| Expenses | Rs. 8.45 Cr | Rs. 24.8 Cr | Rs. 9.45 Cr | -61.9 % | + 11.83 % |
| Operating Profit | Rs. 0.24 Cr | Rs. 1.64 Cr | Rs. 0.47 Cr | -71.34 % | + 95.83 % |
| Net Profit | Rs. 0.13 Cr | Rs. 1.79 Cr | Rs. 0.14 Cr | -92.18 % | + 7.69 % |
| EPS in Rs | Rs. 0.42 | Rs. 5.71 | Rs. 0.43 | -92.47 % | + 2.38 % |
In reviewing Conart Engineers Ltd.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 14.21 % year-on-year growth, although there was a slight dip of -62.48 % from the previous quarter. Expenses rose by 11.83 % compared to the previous year, with a decrease of -61.9 % quarter-on-quarter. Operating Profit surged by 95.83 % annually, and saw a -71.34 % decrease from the last quarter.
Net Profit showed yearly increase of 7.69 %, and experienced a -92.18 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 2.38 % annually, however dipped by -92.47 % compared to the last quarter. In essence, while Conart Engineers Ltd. exhibits strong annual growth indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.
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