Share the post "Jagatjit Industries ‘s Q1 Results: Profit Drops by 263.64% YoY"
Highlights
- The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company’s sales declined by -11.75 % over the year, decrease in net sales/revenue by -5.27 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -35.98 %, Marginal decrease of -25.66% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Jagatjit Industries Ltd.,. Profit dropped by -263.64 % Year to Year, Jagatjit Industries Ltd.,’s profitability dropped by -320.41 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -261.40 % Year to Year. EPS decreased by -319.05 % 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. 174.11 Cr | Rs. 162.19 Cr | Rs. 153.65 Cr | -5.27 % | -11.75 % |
| Expenses | Rs. 169.37 Cr | Rs. 157.44 Cr | Rs. 153.49 Cr | -2.51 % | -9.38 % |
| Operating Profit | Rs. 4.74 Cr | Rs. 4.75 Cr | Rs. 0.16 Cr | -96.63 % | -96.62 % |
| OPM % | 2.72 % | 2.93 % | 0.1 % | -2.83 % | -2.62 % |
| Other Income | Rs. 7.06 Cr | Rs. 6.08 Cr | Rs. 4.52 Cr | -25.66 % | -35.98 % |
| Interest | Rs. 6.6 Cr | Rs. 6.47 Cr | Rs. 6.64 Cr | + 2.63 % | + 0.61 % |
| Depreciation | Rs. 2.46 Cr | Rs. 2.37 Cr | Rs. 2.31 Cr | -2.53 % | -6.1 % |
| Profit before tax | Rs. 2.74 Cr | Rs. 1.99 Cr | Rs. -4.27 Cr | -314.57 % | -255.84 % |
| Tax % | 0 % | 0 % | -0 % | 0 % | 0 % |
| Net Profit | Rs. 2.64 Cr | Rs. 1.96 Cr | Rs. -4.32 Cr | -320.41 % | -263.64 % |
| EPS in Rs | Rs. 0.57 | Rs. 0.41 | Rs. -0.91 | -321.95 % | -259.65 % |
Today, we’re looking at Jagatjit Industries Ltd.,’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -11.75 %. However, it did see a marginal slip of -5.27 % from the previous quarter. Expenses decreased slightly by -2.51 % quarter-on-quarter, aligning with the annual decline of -9.38 %. Operating profit, while down -96.62 % compared to last year, faced a quarter-on-quarter dip of -96.63 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -2.62 %, but a shrinkage of -2.83 % sequentially. Other income fell by -25.66 % compared to the last quarter, despite an annual decline of -35.98 %. Interest expenses surged remarkably by 2.63 % from the previous quarter, yet the year-over-year increase remains at a moderate 0.61 %. Depreciation costs fell by -2.53 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -6.1 %. Profit before tax declined annually by -255.84 % but saw a reduction from the preceding quarter by -314.57 %.
Net profit fell by -263.64 % year-on-year but witnessed a -320.41 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -259.65 % but a quarterly fall of -321.95 %. In summary, Jagatjit Industries 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. 174.11 Cr | Rs. 162.19 Cr | Rs. 153.65 Cr | -5.27 % | -11.75 % |
| Expenses | Rs. 169.37 Cr | Rs. 157.44 Cr | Rs. 153.49 Cr | -2.51 % | -9.38 % |
| Operating Profit | Rs. 4.74 Cr | Rs. 4.75 Cr | Rs. 0.16 Cr | -96.63 % | -96.62 % |
| Net Profit | Rs. 2.64 Cr | Rs. 1.96 Cr | Rs. -4.32 Cr | -320.41 % | -263.64 % |
| EPS in Rs | Rs. 0.57 | Rs. 0.41 | Rs. -0.91 | -321.95 % | -259.65 % |
In reviewing Jagatjit Industries Ltd.,’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -11.75 % year-on-year, although there was a slight dip of -5.27 % from the previous quarter. Expenses decreased by -9.38 % compared to the previous year, with a decrease of -2.51 % quarter-on-quarter. Operating Profit dropped by -96.62 % annually, and saw a -96.63 % decrease from the last quarter.
Net Profit showed yearly decrease of -263.64 %, and experienced a -320.41 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -259.65 % annually, however dipped by -321.95 % compared to the last quarter. In essence, while Jagatjit Industries Ltd., faces strong annual decline 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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