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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 8.38 % in the past year, decrease in net sales/revenue by -29.45 %.
- Profit over the Year and quarter: Challenges in sustaining profitability for Golden Carpets Limited.. Profit dropped by -36.07 % Year to Year, Golden Carpets Limited.’s profitability dropped by -153.42 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -33.33 % Year to Year. EPS decreased by -154.55 % 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. 0.179 Cr | Rs. 0.275 Cr | Rs. 0.194 Cr | -29.45 % | + 8.38 % |
| Expenses | Rs. 0.21 Cr | Rs. 0.16 Cr | Rs. 0.2 Cr | + 25 % | -4.76 % |
| Operating Profit | Rs. -0.03 Cr | Rs. 0.12 Cr | Rs. -0.01 Cr | -108.33 % | + 66.67 % |
| OPM % | -16.76 % | 43.64 % | -5.15 % | -48.79 % | + 11.61 % |
| Other Income | Rs. 0 Cr | Rs. 0.026 Cr | Rs. 0 Cr | 0 % | 0 % |
| Interest | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Depreciation | Rs. 0.03 Cr | Rs. 0.06 Cr | Rs. 0.04 Cr | -33.33 % | + 33.33 % |
| Profit before tax | Rs. -0.06 Cr | Rs. 0.09 Cr | Rs. -0.05 Cr | -155.56 % | + 16.67 % |
| Tax % | -0 % | 0 % | -0 % | 0 % | 0 % |
| Net Profit | Rs. -0.06 Cr | Rs. 0.07 Cr | Rs. -0.04 Cr | -157.14 % | + 33.33 % |
| EPS in Rs | Rs. -0.09 | Rs. 0.11 | Rs. -0.6 | -645.45 % | -566.67 % |
Today, we’re looking at Golden Carpets 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 8.38 %. However, it did see a marginal slip of -29.45 % from the previous quarter. Expenses ticked up slightly by 25 % quarter-on-quarter, aligning with the annual decline of -4.76 %. Operating profit, while up 66.67 % compared to last year, faced a quarter-on-quarter dip of -108.33 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 11.61 %, but a shrinkage of -48.79 % sequentially. Depreciation costs fell by -33.33 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 33.33 %. Profit before tax grew annually by 16.67 % but saw a reduction from the preceding quarter by -155.56 %.
Net profit rose by 33.33 % year-on-year but witnessed a -157.14 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -566.67 % but a quarterly fall of -645.45 %. In summary, Golden Carpets 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. 0.179 Cr | Rs. 0.275 Cr | Rs. 0.194 Cr | -29.45 % | + 8.38 % |
| Expenses | Rs. 0.21 Cr | Rs. 0.16 Cr | Rs. 0.2 Cr | + 25 % | -4.76 % |
| Operating Profit | Rs. -0.03 Cr | Rs. 0.12 Cr | Rs. -0.01 Cr | -108.33 % | + 66.67 % |
| Net Profit | Rs. -0.06 Cr | Rs. 0.07 Cr | Rs. -0.04 Cr | -157.14 % | + 33.33 % |
| EPS in Rs | Rs. -0.09 | Rs. 0.11 | Rs. -0.6 | -645.45 % | -566.67 % |
In reviewing Golden Carpets Limited.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 8.38 % year-on-year growth, although there was a slight dip of -29.45 % from the previous quarter. Expenses decreased by -4.76 % compared to the previous year, with a 25 % increase quarter-on-quarter. Operating Profit surged by 66.67 % annually, and saw a -108.33 % decrease from the last quarter.
Net Profit showed yearly increase of 33.33 %, and experienced a -157.14 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -566.67 % annually, however dipped by -645.45 % compared to the last quarter. In essence, while Golden Carpets Limited. exhibits strong annual growth indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.
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