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Dhanlaxmi Cotex announces Q1 Report: Revenue Dropped by 34.54% YoY

September 16, 2024September 16, 2024| adminadmin| 0 Comments| 2:00 pm
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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’s sales declined by -34.54 % over the year, substantial increase in net sales/revenue by 12.44 %.
  • 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 96.48 %. Marginal increase in other income during this quarter, up by 931.52%.
  • Profit over the Year and quarter: Significant improvement in profitability for Dhanlaxmi Cotex Ltd.,. Notable increase of 4.89 % in net profit Year to Year, Dhanlaxmi Cotex Ltd.,’s profitability dropped by -431.09 % Quarter to Quarter.
  • EPS over the Year and quarter: EPS increased by 4.60 % Year to Year. EPS decreased by -432.93 % in previous quarter. Analysis needed for shareholder value.

The comprehensive analytics outlining the performance and outlook of Dhanlaxmi Cotex 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. 6.434 Cr Rs. 3.746 Cr Rs. 4.212 Cr + 12.44 % -34.54 %
Expenses Rs. 5.37 Cr Rs. 4.23 Cr Rs. 3.56 Cr -15.84 % -33.71 %
Operating Profit Rs. 1.06 Cr Rs. -0.48 Cr Rs. 0.65 Cr + 235.42 % -38.68 %
OPM % 16.47 % -12.81 % 15.43 % + 28.24 % -1.04 %
Other Income Rs. 0.483 Cr Rs. 0.092 Cr Rs. 0.949 Cr + 931.52 % + 96.48 %
Interest Rs. 0 Cr Rs. 0 Cr Rs. 0 Cr 0 % 0 %
Depreciation Rs. 0.03 Cr Rs. 0.01 Cr Rs. 0.01 Cr + 0 % -66.67 %
Profit before tax Rs. 1.51 Cr Rs. -0.4 Cr Rs. 1.59 Cr + 497.5 % + 5.3 %
Tax % 16.73 % -0.25 % 16.55 % + 16.8 % -0.18 %
Net Profit Rs. 1.27 Cr Rs. -0.4 Cr Rs. 1.33 Cr + 432.5 % + 4.72 %
EPS in Rs Rs. 2.61 Rs. -0.82 Rs. 2.73 + 432.93 % + 4.6 %


Today, we’re looking at Dhanlaxmi Cotex Ltd.,’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -34.54 %. However, it did see a marginal increase of 12.44 % from the previous quarter. Expenses decreased slightly by -15.84 % quarter-on-quarter, aligning with the annual decline of -33.71 %. Operating profit, while down -38.68 % compared to last year, faced a quarter-on-quarter increase of 235.42 %, 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 -1.04 %, but an expansion of 28.24 % sequentially. Other income rose by 931.52 % compared to the last quarter, despite an annual growth of 96.48 %. Depreciation costs climbed by 0 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -66.67 %. Profit before tax grew annually by 5.3 % but saw an increase from the preceding quarter by 497.5 %.
Tax expenses as a percentage of profits decreased slightly by -0.18 % compared to last year, with a more notable quarter-on-quarter increase of 16.8 %. Net profit rose by 4.72 % year-on-year but experienced a 432.5 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 4.6 % but a quarterly rise of 432.93 %. In summary, Dhanlaxmi Cotex 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. 6.434 Cr Rs. 3.746 Cr Rs. 4.212 Cr + 12.44 % -34.54 %
Expenses Rs. 5.37 Cr Rs. 4.23 Cr Rs. 3.56 Cr -15.84 % -33.71 %
Operating Profit Rs. 1.06 Cr Rs. -0.48 Cr Rs. 0.65 Cr + 235.42 % -38.68 %
Net Profit Rs. 1.27 Cr Rs. -0.4 Cr Rs. 1.33 Cr + 432.5 % + 4.72 %
EPS in Rs Rs. 2.61 Rs. -0.82 Rs. 2.73 + 432.93 % + 4.6 %


In reviewing Dhanlaxmi Cotex Ltd.,’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -34.54 % year-on-year, however, there was a minor increase of 12.44 % from the previous quarter. Expenses decreased by -33.71 % compared to the previous year, with a decrease of -15.84 % quarter-on-quarter. Operating Profit dropped by -38.68 % annually, and saw a 235.42 % increase from the last quarter.
Net Profit showed yearly increase of 4.72 %, and experienced a 432.5 % increase from the previous quarter. Earnings Per Share (EPS) rose by 4.6 % annually, however rose by 432.93 % compared to the last quarter. In essence, while Dhanlaxmi Cotex 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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