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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 4311.34 % in the past year, substantial increase in net sales/revenue by 121.34 %.
- Income over the Year and quarter: Marginal decrease of -99.32% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Garnet Construction Ltd.,. Profit dropped by -1186.66 % Year to Year, Garnet Construction Ltd.,’s profitability dropped by -1314.07 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 985.42 % Year to Year. EPS decreased by -1284.09 % 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. 0.344 Cr | Rs. 6.856 Cr | Rs. 15.175 Cr | + 121.34 % | + 4311.34 % |
| Expenses | Rs. 0.78 Cr | Rs. 9.57 Cr | Rs. 5.19 Cr | -45.77 % | + 565.38 % |
| Operating Profit | Rs. -0.44 Cr | Rs. -2.71 Cr | Rs. 9.99 Cr | + 468.63 % | + 2370.45 % |
| OPM % | -127.91 % | -39.53 % | 65.83 % | + 105.36 % | + 193.74 % |
| Other Income | Rs. 0 Cr | Rs. 2.347 Cr | Rs. 0.016 Cr | -99.32 % | 0 % |
| Interest | Rs. 0.17 Cr | Rs. 0.16 Cr | Rs. 0.18 Cr | + 12.5 % | + 5.88 % |
| Depreciation | Rs. 0.07 Cr | Rs. 0.07 Cr | Rs. 0.07 Cr | + 0 % | + 0 % |
| Profit before tax | Rs. -0.68 Cr | Rs. -0.59 Cr | Rs. 9.76 Cr | + 1754.24 % | + 1535.29 % |
| Tax % | -1.04 % | -1.16 % | 25.62 % | + 26.78 % | + 26.66 % |
| Net Profit | Rs. -0.67 Cr | Rs. -0.6 Cr | Rs. 7.25 Cr | + 1308.33 % | + 1182.09 % |
| EPS in Rs | Rs. -0.48 | Rs. -0.44 | Rs. 5.21 | + 1284.09 % | + 1185.42 % |
Today, we’re looking at Garnet Construction Ltd.,’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 4311.34 %. However, it did see a marginal increase of 121.34 % from the previous quarter. Expenses decreased slightly by -45.77 % quarter-on-quarter, aligning with the annual rise of 565.38 %. Operating profit, while up 2370.45 % compared to last year, faced a quarter-on-quarter increase of 468.63 %, 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 193.74 %, but an expansion of 105.36 % sequentially. Other income fell by -99.32 % compared to the last quarter, Interest expenses surged remarkably by 12.5 % from the previous quarter, yet the year-over-year increase remains at a moderate 5.88 %. Depreciation costs climbed by 0 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 0 %. Profit before tax grew annually by 1535.29 % but saw an increase from the preceding quarter by 1754.24 %.
Tax expenses as a percentage of profits increased slightly by 26.66 % compared to last year, with a more notable quarter-on-quarter increase of 26.78 %. Net profit rose by 1182.09 % year-on-year but experienced a 1308.33 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 1185.42 % but a quarterly rise of 1284.09 %. In summary, Garnet Construction 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. 0.344 Cr | Rs. 6.856 Cr | Rs. 15.175 Cr | + 121.34 % | + 4311.34 % |
| Expenses | Rs. 0.78 Cr | Rs. 9.57 Cr | Rs. 5.19 Cr | -45.77 % | + 565.38 % |
| Operating Profit | Rs. -0.44 Cr | Rs. -2.71 Cr | Rs. 9.99 Cr | + 468.63 % | + 2370.45 % |
| Net Profit | Rs. -0.67 Cr | Rs. -0.6 Cr | Rs. 7.25 Cr | + 1308.33 % | + 1182.09 % |
| EPS in Rs | Rs. -0.48 | Rs. -0.44 | Rs. 5.21 | + 1284.09 % | + 1185.42 % |
In reviewing Garnet Construction Ltd.,’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 4311.34 % year-on-year growth, however, there was a minor increase of 121.34 % from the previous quarter. Expenses rose by 565.38 % compared to the previous year, with a decrease of -45.77 % quarter-on-quarter. Operating Profit surged by 2370.45 % annually, and saw a 468.63 % increase from the last quarter.
Net Profit showed yearly increase of 1182.09 %, and experienced a 1308.33 % increase from the previous quarter. Earnings Per Share (EPS) rose by 1185.42 % annually, however rose by 1284.09 % compared to the last quarter. In essence, while Garnet Construction 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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