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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 2.7 % in the past year, substantial increase in net sales/revenue by 2.72 %.
- 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 55.26 %. Marginal decrease of -16.01% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Fairchem Organics Limited. Notable increase of 126.23 % in net profit Year to Year, Fairchem Organics Limited’s profitability increased by 17.78 % in this quarter.
- EPS over the Year and quarter: EPS increased by 126.38 % Year to Year. EPS increased by 17.83 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 160.592 Cr | Rs. 160.558 Cr | Rs. 164.928 Cr | + 2.72 % | + 2.7 % |
| Expenses | Rs. 148.97 Cr | Rs. 141.8 Cr | Rs. 143.15 Cr | + 0.95 % | -3.91 % |
| Operating Profit | Rs. 11.62 Cr | Rs. 18.76 Cr | Rs. 21.78 Cr | + 16.1 % | + 87.44 % |
| OPM % | 7.24 % | 11.68 % | 13.21 % | + 1.53 % | + 5.97 % |
| Other Income | Rs. 0.152 Cr | Rs. 0.281 Cr | Rs. 0.236 Cr | -16.01 % | + 55.26 % |
| Interest | Rs. 1.35 Cr | Rs. 0.62 Cr | Rs. 0.81 Cr | + 30.65 % | -40 % |
| Depreciation | Rs. 2.15 Cr | Rs. 2.55 Cr | Rs. 2.59 Cr | + 1.57 % | + 20.47 % |
| Profit before tax | Rs. 8.27 Cr | Rs. 15.87 Cr | Rs. 18.62 Cr | + 17.33 % | + 125.15 % |
| Tax % | 26 % | 25.91 % | 25.59 % | -0.32 % | -0.41 % |
| Net Profit | Rs. 6.12 Cr | Rs. 11.76 Cr | Rs. 13.85 Cr | + 17.77 % | + 126.31 % |
| EPS in Rs | Rs. 4.7 | Rs. 9.03 | Rs. 10.64 | + 17.83 % | + 126.38 % |
Today, we’re looking at Fairchem Organics Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 2.7 %. However, it did see a marginal increase of 2.72 % from the previous quarter. Expenses ticked up slightly by 0.95 % quarter-on-quarter, aligning with the annual decline of -3.91 %. Operating profit, while up 87.44 % compared to last year, faced a quarter-on-quarter increase of 16.1 %, 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 5.97 %, but an expansion of 1.53 % sequentially. Other income fell by -16.01 % compared to the last quarter, despite an annual growth of 55.26 %. Interest expenses surged remarkably by 30.65 % from the previous quarter, yet the year-over-year decrease remains at a moderate -40 %. Depreciation costs climbed by 1.57 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 20.47 %. Profit before tax grew annually by 125.15 % but saw an increase from the preceding quarter by 17.33 %.
Tax expenses as a percentage of profits decreased slightly by -0.41 % compared to last year, with a more notable quarter-on-quarter decrease of -0.32 %. Net profit rose by 126.31 % year-on-year but experienced a 17.77 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 126.38 % but a quarterly rise of 17.83 %. In summary, Fairchem Organics Limited’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. 160.592 Cr | Rs. 160.558 Cr | Rs. 164.928 Cr | + 2.72 % | + 2.7 % |
| Expenses | Rs. 148.97 Cr | Rs. 141.8 Cr | Rs. 143.15 Cr | + 0.95 % | -3.91 % |
| Operating Profit | Rs. 11.62 Cr | Rs. 18.76 Cr | Rs. 21.78 Cr | + 16.1 % | + 87.44 % |
| Net Profit | Rs. 6.12 Cr | Rs. 11.76 Cr | Rs. 13.85 Cr | + 17.77 % | + 126.31 % |
| EPS in Rs | Rs. 4.7 | Rs. 9.03 | Rs. 10.64 | + 17.83 % | + 126.38 % |
In reviewing Fairchem Organics Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 2.7 % year-on-year growth, however, there was a minor increase of 2.72 % from the previous quarter. Expenses decreased by -3.91 % compared to the previous year, with a 0.95 % increase quarter-on-quarter. Operating Profit surged by 87.44 % annually, and saw a 16.1 % increase from the last quarter.
Net Profit showed yearly increase of 126.31 %, and experienced a 17.77 % increase from the previous quarter. Earnings Per Share (EPS) rose by 126.38 % annually, however rose by 17.83 % compared to the last quarter. In essence, while Fairchem Organics Limited 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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