Elegant Marbles & Grani Industries announces Q1 results: Profit Rises by 68.57% YoY

The comprehensive analytics outlining the performance and outlook of Elegant Marbles & Grani Industries‘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.

Today, we’re looking at Elegant Marbles & Grani Industries’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -14.45 %. However, it did see a marginal slip of -18.67 % from the previous quarter. Expenses decreased slightly by -35.29 % quarter-on-quarter, aligning with the annual decline of -12.74 %. Operating profit, while down -21.15 % compared to last year, faced a quarter-on-quarter increase of 747.37 %, 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 -1.57 %, but an expansion of 20.85 % sequentially. Other income fell by -18.11 % compared to the last quarter, despite an annual growth of 270 %. Depreciation costs fell by -5.88 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 45.45 %. Profit before tax grew annually by 34.48 % but saw an increase from the preceding quarter by 550 %.
Tax expenses as a percentage of profits decreased slightly by -14.44 % compared to last year, with a more notable quarter-on-quarter increase of 12.02 %. Net profit rose by 68.57 % year-on-year but experienced a 461.9 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 106.77 % but a quarterly rise of 584.48 %. In summary, Elegant Marbles & Grani Industries’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.

In reviewing Elegant Marbles & Grani Industries’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -14.45 % year-on-year, although there was a slight dip of -18.67 % from the previous quarter. Expenses decreased by -12.74 % compared to the previous year, with a decrease of -35.29 % quarter-on-quarter. Operating Profit dropped by -21.15 % annually, and saw a 747.37 % increase from the last quarter.
Net Profit showed yearly increase of 68.57 %, and experienced a 461.9 % increase from the previous quarter. Earnings Per Share (EPS) rose by 106.77 % annually, however rose by 584.48 % compared to the last quarter. In essence, while Elegant Marbles & Grani Industries 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.