Share the post "Jay Ushin ‘s Q1 Financial results: Revenue Grows by 20.63% YoY"
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 20.63 % in the past year, substantial increase in net sales/revenue by 5.36 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -6.22 %, Marginal decrease of -27.88% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Jay Ushin Ltd.. Profit dropped by -4.21 % Year to Year, Jay Ushin Ltd.’s profitability dropped by -25.29 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -4.29 % Year to Year. EPS decreased by -25.31 % 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. 162.292 Cr | Rs. 185.81 Cr | Rs. 195.768 Cr | + 5.36 % | + 20.63 % |
Expenses | Rs. 156.58 Cr | Rs. 181.66 Cr | Rs. 187.02 Cr | + 2.95 % | + 19.44 % |
Operating Profit | Rs. 5.71 Cr | Rs. 4.15 Cr | Rs. 8.75 Cr | + 110.84 % | + 53.24 % |
OPM % | 3.52 % | 2.23 % | 4.47 % | + 2.24 % | + 0.95 % |
Other Income | Rs. 3.679 Cr | Rs. 4.784 Cr | Rs. 3.45 Cr | -27.88 % | -6.22 % |
Interest | Rs. 3.37 Cr | Rs. 3.55 Cr | Rs. 4.24 Cr | + 19.44 % | + 25.82 % |
Depreciation | Rs. 2.31 Cr | Rs. 2.93 Cr | Rs. 3.91 Cr | + 33.45 % | + 69.26 % |
Profit before tax | Rs. 3.71 Cr | Rs. 2.45 Cr | Rs. 4.05 Cr | + 65.31 % | + 9.16 % |
Tax % | 27.13 % | 41.03 % | 36.02 % | -5.01 % | + 8.89 % |
Net Profit | Rs. 2.71 Cr | Rs. 3.47 Cr | Rs. 2.59 Cr | -25.36 % | -4.43 % |
EPS in Rs | Rs. 7 | Rs. 8.97 | Rs. 6.7 | -25.31 % | -4.29 % |
Today, we’re looking at Jay Ushin 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 20.63 %. However, it did see a marginal increase of 5.36 % from the previous quarter. Expenses ticked up slightly by 2.95 % quarter-on-quarter, aligning with the annual rise of 19.44 %. Operating profit, while up 53.24 % compared to last year, faced a quarter-on-quarter increase of 110.84 %, 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 0.95 %, but an expansion of 2.24 % sequentially. Other income fell by -27.88 % compared to the last quarter, despite an annual decline of -6.22 %. Interest expenses surged remarkably by 19.44 % from the previous quarter, yet the year-over-year increase remains at a moderate 25.82 %. Depreciation costs climbed by 33.45 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 69.26 %. Profit before tax grew annually by 9.16 % but saw an increase from the preceding quarter by 65.31 %.
Tax expenses as a percentage of profits increased slightly by 8.89 % compared to last year, with a more notable quarter-on-quarter decrease of -5.01 %. Net profit fell by -4.43 % year-on-year but witnessed a -25.36 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -4.29 % but a quarterly fall of -25.31 %. In summary, Jay Ushin 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. 162.292 Cr | Rs. 185.81 Cr | Rs. 195.768 Cr | + 5.36 % | + 20.63 % |
Expenses | Rs. 156.58 Cr | Rs. 181.66 Cr | Rs. 187.02 Cr | + 2.95 % | + 19.44 % |
Operating Profit | Rs. 5.71 Cr | Rs. 4.15 Cr | Rs. 8.75 Cr | + 110.84 % | + 53.24 % |
Net Profit | Rs. 2.71 Cr | Rs. 3.47 Cr | Rs. 2.59 Cr | -25.36 % | -4.43 % |
EPS in Rs | Rs. 7 | Rs. 8.97 | Rs. 6.7 | -25.31 % | -4.29 % |
In reviewing Jay Ushin Ltd.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 20.63 % year-on-year growth, however, there was a minor increase of 5.36 % from the previous quarter. Expenses rose by 19.44 % compared to the previous year, with a 2.95 % increase quarter-on-quarter. Operating Profit surged by 53.24 % annually, and saw a 110.84 % increase from the last quarter.
Net Profit showed yearly decrease of -4.43 %, and experienced a -25.36 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -4.29 % annually, however dipped by -25.31 % compared to the last quarter. In essence, while Jay Ushin Ltd. 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.
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