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Highlights
- The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company experienced a substantial growth of 32.44 % in the past year, substantial increase in net sales/revenue by 10.15 %.
- 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 44.49 %. Marginal decrease of -4.8% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Ganesha Ecosphere Limited. Notable increase of 553.7 % in net profit Year to Year, Ganesha Ecosphere Limited’s profitability increased by 4.4 % in this quarter.
- EPS over the Year and quarter: EPS increased by 463.92 % Year to Year. EPS decreased by -7.76 % 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. 254.121 Cr | Rs. 305.532 Cr | Rs. 336.55 Cr | + 10.15 % | + 32.44 % |
| Expenses | Rs. 228.61 Cr | Rs. 258.47 Cr | Rs. 288.86 Cr | + 11.76 % | + 26.35 % |
| Operating Profit | Rs. 25.51 Cr | Rs. 47.06 Cr | Rs. 47.69 Cr | + 1.34 % | + 86.95 % |
| OPM % | 10.04 % | 15.4 % | 14.17 % | -1.23 % | + 4.13 % |
| Other Income | Rs. 2.938 Cr | Rs. 4.459 Cr | Rs. 4.245 Cr | -4.8 % | + 44.49 % |
| Interest | Rs. 11.39 Cr | Rs. 9.12 Cr | Rs. 8.35 Cr | -8.44 % | -26.69 % |
| Depreciation | Rs. 12.21 Cr | Rs. 11.8 Cr | Rs. 13.44 Cr | + 13.9 % | + 10.07 % |
| Profit before tax | Rs. 4.85 Cr | Rs. 30.6 Cr | Rs. 30.15 Cr | -1.47 % | + 521.65 % |
| Tax % | 28.83 % | 29.42 % | 25.22 % | -4.2 % | -3.61 % |
| Net Profit | Rs. 3.45 Cr | Rs. 21.6 Cr | Rs. 22.55 Cr | + 4.4 % | + 553.62 % |
| EPS in Rs | Rs. 1.58 | Rs. 9.66 | Rs. 8.91 | -7.76 % | + 463.92 % |
Today, we’re looking at Ganesha Ecosphere 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 32.44 %. However, it did see a marginal increase of 10.15 % from the previous quarter. Expenses ticked up slightly by 11.76 % quarter-on-quarter, aligning with the annual rise of 26.35 %. Operating profit, while up 86.95 % compared to last year, faced a quarter-on-quarter increase of 1.34 %, 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 4.13 %, but a shrinkage of -1.23 % sequentially. Other income fell by -4.8 % compared to the last quarter, despite an annual growth of 44.49 %. Interest expenses dropped significantly by -8.44 % from the previous quarter, yet the year-over-year decrease remains at a moderate -26.69 %. Depreciation costs climbed by 13.9 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 10.07 %. Profit before tax grew annually by 521.65 % but saw a reduction from the preceding quarter by -1.47 %.
Tax expenses as a percentage of profits decreased slightly by -3.61 % compared to last year, with a more notable quarter-on-quarter decrease of -4.2 %. Net profit rose by 553.62 % year-on-year but experienced a 4.4 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 463.92 % but a quarterly fall of -7.76 %. In summary, Ganesha Ecosphere 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. 254.121 Cr | Rs. 305.532 Cr | Rs. 336.55 Cr | + 10.15 % | + 32.44 % |
| Expenses | Rs. 228.61 Cr | Rs. 258.47 Cr | Rs. 288.86 Cr | + 11.76 % | + 26.35 % |
| Operating Profit | Rs. 25.51 Cr | Rs. 47.06 Cr | Rs. 47.69 Cr | + 1.34 % | + 86.95 % |
| Net Profit | Rs. 3.45 Cr | Rs. 21.6 Cr | Rs. 22.55 Cr | + 4.4 % | + 553.62 % |
| EPS in Rs | Rs. 1.58 | Rs. 9.66 | Rs. 8.91 | -7.76 % | + 463.92 % |
In reviewing Ganesha Ecosphere Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 32.44 % year-on-year growth, however, there was a minor increase of 10.15 % from the previous quarter. Expenses rose by 26.35 % compared to the previous year, with a 11.76 % increase quarter-on-quarter. Operating Profit surged by 86.95 % annually, and saw a 1.34 % increase from the last quarter.
Net Profit showed yearly increase of 553.62 %, and experienced a 4.4 % increase from the previous quarter. Earnings Per Share (EPS) rose by 463.92 % annually, however dipped by -7.76 % compared to the last quarter. In essence, while Ganesha Ecosphere 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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