Share the post "Jagatjit Industries ‘s Q2 Results: Profit Drops by 435.29% 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 -0.6 % over the year, substantial increase in net sales/revenue by 15.81 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -46.02 %, Marginal decrease of -3.98% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Jagatjit Industries Ltd.,. Profit dropped by -435.29 % Year to Year, Jagatjit Industries Ltd.,’s profitability increased by 84.72 % in this quarter.
- EPS over the Year and quarter: EPS declined by -433.33 % Year to Year. EPS increased by 84.78 % in previous quarter. Positive impact on shareholders.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 179.02 Cr | Rs. 153.65 Cr | Rs. 177.94 Cr | + 15.81 % | -0.6 % |
Expenses | Rs. 175.69 Cr | Rs. 153.49 Cr | Rs. 180.86 Cr | + 17.83 % | + 2.94 % |
Operating Profit | Rs. 3.33 Cr | Rs. 0.16 Cr | Rs. -2.92 Cr | -1925 % | -187.69 % |
OPM % | 1.86 % | 0.1 % | -1.64 % | -1.74 % | -3.5 % |
Other Income | Rs. 8.04 Cr | Rs. 4.52 Cr | Rs. 4.34 Cr | -3.98 % | -46.02 % |
Interest | Rs. 6.47 Cr | Rs. 6.64 Cr | Rs. 6.99 Cr | + 5.27 % | + 8.04 % |
Depreciation | Rs. 2.44 Cr | Rs. 2.31 Cr | Rs. 2.34 Cr | + 1.3 % | -4.1 % |
Profit before tax | Rs. 2.46 Cr | Rs. -4.27 Cr | Rs. -7.91 Cr | -85.25 % | -421.54 % |
Tax % | 0 % | -0 % | -0 % | 0 % | 0 % |
Net Profit | Rs. 2.38 Cr | Rs. -4.32 Cr | Rs. -7.98 Cr | -84.72 % | -435.29 % |
EPS in Rs | Rs. 0.5 | Rs. -0.91 | Rs. -1.68 | -84.62 % | -436 % |
Today, we’re looking at Jagatjit Industries Ltd.,’s financial performance for the Q2(Sep 2024-25).Starting with the top line, the company reported a significant year-over-year sales decline of -0.6 %. However, it did see a marginal increase of 15.81 % from the previous quarter. Expenses ticked up slightly by 17.83 % quarter-on-quarter, aligning with the annual rise of 2.94 %. Operating profit, while down -187.69 % compared to last year, faced a quarter-on-quarter dip of -1925 %, 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 -3.5 %, but a shrinkage of -1.74 % sequentially. Other income fell by -3.98 % compared to the last quarter, despite an annual decline of -46.02 %. Interest expenses surged remarkably by 5.27 % from the previous quarter, yet the year-over-year increase remains at a moderate 8.04 %. Depreciation costs climbed by 1.3 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -4.1 %. Profit before tax declined annually by -421.54 % but saw a reduction from the preceding quarter by -85.25 %.
Net profit fell by -435.29 % year-on-year but witnessed a -84.72 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -436 % but a quarterly fall of -84.62 %. 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. 179.02 Cr | Rs. 153.65 Cr | Rs. 177.94 Cr | + 15.81 % | -0.6 % |
Expenses | Rs. 175.69 Cr | Rs. 153.49 Cr | Rs. 180.86 Cr | + 17.83 % | + 2.94 % |
Operating Profit | Rs. 3.33 Cr | Rs. 0.16 Cr | Rs. -2.92 Cr | -1925 % | -187.69 % |
Net Profit | Rs. 2.38 Cr | Rs. -4.32 Cr | Rs. -7.98 Cr | -84.72 % | -435.29 % |
EPS in Rs | Rs. 0.5 | Rs. -0.91 | Rs. -1.68 | -84.62 % | -436 % |
In reviewing Jagatjit Industries Ltd.,’s 2024-25(Q2) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -0.6 % year-on-year, however, there was a minor increase of 15.81 % from the previous quarter. Expenses rose by 2.94 % compared to the previous year, with a 17.83 % increase quarter-on-quarter. Operating Profit dropped by -187.69 % annually, and saw a -1925 % decrease from the last quarter.
Net Profit showed yearly decrease of -435.29 %, and experienced a -84.72 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -436 % annually, however dipped by -84.62 % 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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