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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’s sales declined by -1.08 % over the year, substantial increase in net sales/revenue by 120.86 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -9.3 %, Marginal decrease of -79.69% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for JK Agri Genetics Limited. Notable increase of 58.28 % in net profit Year to Year, JK Agri Genetics Limited’s profitability dropped by -198.21 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 58.34 % Year to Year. EPS decreased by -198.25 % 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. 79.819 Cr | Rs. 35.75 Cr | Rs. 78.958 Cr | + 120.86 % | -1.08 % |
Expenses | Rs. 70.38 Cr | Rs. 50.09 Cr | Rs. 64.91 Cr | + 29.59 % | -7.77 % |
Operating Profit | Rs. 9.44 Cr | Rs. -14.34 Cr | Rs. 14.05 Cr | + 197.98 % | + 48.83 % |
OPM % | 11.83 % | -40.11 % | 17.79 % | + 57.9 % | + 5.96 % |
Other Income | Rs. 1.032 Cr | Rs. 4.608 Cr | Rs. 0.936 Cr | -79.69 % | -9.3 % |
Interest | Rs. 2.07 Cr | Rs. 2 Cr | Rs. 1.74 Cr | -13 % | -15.94 % |
Depreciation | Rs. 0.87 Cr | Rs. 0.85 Cr | Rs. 1.02 Cr | + 20 % | + 17.24 % |
Profit before tax | Rs. 7.53 Cr | Rs. -12.58 Cr | Rs. 12.23 Cr | + 197.22 % | + 62.42 % |
Tax % | 27.98 % | -30.57 % | 29.79 % | + 60.36 % | + 1.81 % |
Net Profit | Rs. 5.42 Cr | Rs. -8.74 Cr | Rs. 8.58 Cr | + 198.17 % | + 58.3 % |
EPS in Rs | Rs. 11.69 | Rs. -18.84 | Rs. 18.51 | + 198.25 % | + 58.34 % |
Today, we’re looking at JK Agri Genetics Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -1.08 %. However, it did see a marginal increase of 120.86 % from the previous quarter. Expenses ticked up slightly by 29.59 % quarter-on-quarter, aligning with the annual decline of -7.77 %. Operating profit, while up 48.83 % compared to last year, faced a quarter-on-quarter increase of 197.98 %, 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 5.96 %, but an expansion of 57.9 % sequentially. Other income fell by -79.69 % compared to the last quarter, despite an annual decline of -9.3 %. Interest expenses dropped significantly by -13 % from the previous quarter, yet the year-over-year decrease remains at a moderate -15.94 %. Depreciation costs climbed by 20 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 17.24 %. Profit before tax grew annually by 62.42 % but saw an increase from the preceding quarter by 197.22 %.
Tax expenses as a percentage of profits increased slightly by 1.81 % compared to last year, with a more notable quarter-on-quarter increase of 60.36 %. Net profit rose by 58.3 % year-on-year but experienced a 198.17 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 58.34 % but a quarterly rise of 198.25 %. In summary, JK Agri Genetics 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. 79.819 Cr | Rs. 35.75 Cr | Rs. 78.958 Cr | + 120.86 % | -1.08 % |
Expenses | Rs. 70.38 Cr | Rs. 50.09 Cr | Rs. 64.91 Cr | + 29.59 % | -7.77 % |
Operating Profit | Rs. 9.44 Cr | Rs. -14.34 Cr | Rs. 14.05 Cr | + 197.98 % | + 48.83 % |
Net Profit | Rs. 5.42 Cr | Rs. -8.74 Cr | Rs. 8.58 Cr | + 198.17 % | + 58.3 % |
EPS in Rs | Rs. 11.69 | Rs. -18.84 | Rs. 18.51 | + 198.25 % | + 58.34 % |
In reviewing JK Agri Genetics Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -1.08 % year-on-year, however, there was a minor increase of 120.86 % from the previous quarter. Expenses decreased by -7.77 % compared to the previous year, with a 29.59 % increase quarter-on-quarter. Operating Profit surged by 48.83 % annually, and saw a 197.98 % increase from the last quarter.
Net Profit showed yearly increase of 58.3 %, and experienced a 198.17 % increase from the previous quarter. Earnings Per Share (EPS) rose by 58.34 % annually, however rose by 198.25 % compared to the last quarter. In essence, while JK Agri Genetics Limited exhibits strong annual growth 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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