HARSHIL AGROTECH ‘s Q1 Report: Revenue Rises by 218.31% YoY

The comprehensive analytics outlining the performance and outlook of HARSHIL AGROTECH LIMITED‘s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

Today, we’re looking at HARSHIL AGROTECH 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 218.31 %. However, it did see a marginal increase of 242.48 % from the previous quarter. Expenses ticked up slightly by 207.55 % quarter-on-quarter, aligning with the annual rise of 234.87 %. Operating profit, while up 124.53 % compared to last year, faced a quarter-on-quarter increase of 11800 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -4.37 %, but an expansion of 10.17 % sequentially. Other income fell by -66.33 % compared to the last quarter, Profit before tax grew annually by 130.19 % but saw an increase from the preceding quarter by 1009.09 %.
Tax expenses as a percentage of profits increased slightly by 0 % compared to last year, with a more notable quarter-on-quarter decrease of -26.25 %. Net profit rose by 130.77 % year-on-year but experienced a 1700 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -83.06 % but a quarterly rise of 1560 %. In summary, HARSHIL AGROTECH LIMITED’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.

In reviewing HARSHIL AGROTECH LIMITED’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 218.31 % year-on-year growth, however, there was a minor increase of 242.48 % from the previous quarter. Expenses rose by 234.87 % compared to the previous year, with a 207.55 % increase quarter-on-quarter. Operating Profit surged by 124.53 % annually, and saw a 11800 % increase from the last quarter.
Net Profit showed yearly increase of 130.77 %, and experienced a 1700 % increase from the previous quarter. Earnings Per Share (EPS) fell by -83.06 % annually, however rose by 1560 % compared to the last quarter. In essence, while HARSHIL AGROTECH LIMITED faces strong annual decline 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.