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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 -23.96 % over the year, decrease in net sales/revenue by -38.34 %.
- 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 47.73 %. Marginal increase in other income during this quarter, up by 9.43%.
- Profit over the Year and quarter: Challenges in sustaining profitability for Everest Organics Ltd.. Profit dropped by -17500 % Year to Year, Everest Organics Ltd.’s profitability dropped by -10600 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -19,125.00 % Year to Year. EPS decreased by -10971.43 % 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. 42.67 Cr | Rs. 52.617 Cr | Rs. 32.446 Cr | -38.34 % | -23.96 % |
Expenses | Rs. 40.15 Cr | Rs. 49.66 Cr | Rs. 36.1 Cr | -27.31 % | -10.09 % |
Operating Profit | Rs. 2.52 Cr | Rs. 2.96 Cr | Rs. -3.65 Cr | -223.31 % | -244.84 % |
OPM % | 5.91 % | 5.63 % | -11.25 % | -16.88 % | -17.16 % |
Other Income | Rs. 0.22 Cr | Rs. 0.297 Cr | Rs. 0.325 Cr | + 9.43 % | + 47.73 % |
Interest | Rs. 1.29 Cr | Rs. 1.24 Cr | Rs. 1.29 Cr | + 4.03 % | + 0 % |
Depreciation | Rs. 1.29 Cr | Rs. 1.85 Cr | Rs. 1.47 Cr | -20.54 % | + 13.95 % |
Profit before tax | Rs. 0.16 Cr | Rs. 0.17 Cr | Rs. -6.09 Cr | -3682.35 % | -3906.25 % |
Tax % | 77.99 % | 64.2 % | -0.02 % | -64.22 % | -78.01 % |
Net Profit | Rs. 0.04 Cr | Rs. 0.06 Cr | Rs. -6.09 Cr | -10250 % | -15325 % |
EPS in Rs | Rs. 0.04 | Rs. 0.07 | Rs. -7.61 | -10971.43 % | -19125 % |
Today, we’re looking at Everest Organics 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 -23.96 %. However, it did see a marginal slip of -38.34 % from the previous quarter. Expenses decreased slightly by -27.31 % quarter-on-quarter, aligning with the annual decline of -10.09 %. Operating profit, while down -244.84 % compared to last year, faced a quarter-on-quarter dip of -223.31 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -17.16 %, but a shrinkage of -16.88 % sequentially. Other income rose by 9.43 % compared to the last quarter, despite an annual growth of 47.73 %. Interest expenses surged remarkably by 4.03 % from the previous quarter, yet the year-over-year increase remains at a moderate 0 %. Depreciation costs fell by -20.54 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 13.95 %. Profit before tax declined annually by -3906.25 % but saw a reduction from the preceding quarter by -3682.35 %.
Tax expenses as a percentage of profits decreased slightly by -78.01 % compared to last year, with a more notable quarter-on-quarter decrease of -64.22 %. Net profit fell by -15325 % year-on-year but witnessed a -10250 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -19125 % but a quarterly fall of -10971.43 %. In summary, Everest Organics 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. 42.67 Cr | Rs. 52.617 Cr | Rs. 32.446 Cr | -38.34 % | -23.96 % |
Expenses | Rs. 40.15 Cr | Rs. 49.66 Cr | Rs. 36.1 Cr | -27.31 % | -10.09 % |
Operating Profit | Rs. 2.52 Cr | Rs. 2.96 Cr | Rs. -3.65 Cr | -223.31 % | -244.84 % |
Net Profit | Rs. 0.04 Cr | Rs. 0.06 Cr | Rs. -6.09 Cr | -10250 % | -15325 % |
EPS in Rs | Rs. 0.04 | Rs. 0.07 | Rs. -7.61 | -10971.43 % | -19125 % |
In reviewing Everest Organics Ltd.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -23.96 % year-on-year, although there was a slight dip of -38.34 % from the previous quarter. Expenses decreased by -10.09 % compared to the previous year, with a decrease of -27.31 % quarter-on-quarter. Operating Profit dropped by -244.84 % annually, and saw a -223.31 % decrease from the last quarter.
Net Profit showed yearly decrease of -15325 %, and experienced a -10250 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -19125 % annually, however dipped by -10971.43 % compared to the last quarter. In essence, while Everest Organics Ltd. faces strong annual decline indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.