Share the post "Jyoti ‘s Q1 Financial results: Revenue Grows by 40.49% 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 experienced a substantial growth of 40.49 % in the past year, decrease in net sales/revenue by -30.64 %.
- Income over the Year and quarter: There has been either a marginal increase or a decline in other income over the past year which is 27.59 %. Marginal decrease of -76.43% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Jyoti Ltd.,. Notable increase of 437.34 % in net profit Year to Year, Jyoti Ltd.,’s profitability dropped by -58.36 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 433.33 % Year to Year. EPS decreased by -58.36 % 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. 30.806 Cr | Rs. 62.4 Cr | Rs. 43.28 Cr | -30.64 % | + 40.49 % |
| Expenses | Rs. 29.05 Cr | Rs. 56.94 Cr | Rs. 40.22 Cr | -29.36 % | + 38.45 % |
| Operating Profit | Rs. 1.76 Cr | Rs. 5.46 Cr | Rs. 3.06 Cr | -43.96 % | + 73.86 % |
| OPM % | 5.71 % | 8.75 % | 7.07 % | -1.68 % | + 1.36 % |
| Other Income | Rs. 0.29 Cr | Rs. 1.57 Cr | Rs. 0.37 Cr | -76.43 % | + 27.59 % |
| Interest | Rs. 0.1 Cr | Rs. 0.08 Cr | Rs. 0.12 Cr | + 50 % | + 20 % |
| Depreciation | Rs. 1.52 Cr | Rs. 1.72 Cr | Rs. 1.27 Cr | -26.16 % | -16.45 % |
| Profit before tax | Rs. 0.43 Cr | Rs. 5.23 Cr | Rs. 2.04 Cr | -60.99 % | + 374.42 % |
| Tax % | 0 % | 16.06 % | 0 % | -16.06 % | 0 % |
| Net Profit | Rs. 0.48 Cr | Rs. 6.22 Cr | Rs. 2.59 Cr | -58.36 % | + 439.58 % |
| EPS in Rs | Rs. 0.21 | Rs. 2.69 | Rs. 1.12 | -58.36 % | + 433.33 % |
Today, we’re looking at Jyoti 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 40.49 %. However, it did see a marginal slip of -30.64 % from the previous quarter. Expenses decreased slightly by -29.36 % quarter-on-quarter, aligning with the annual rise of 38.45 %. Operating profit, while up 73.86 % compared to last year, faced a quarter-on-quarter dip of -43.96 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 1.36 %, but a shrinkage of -1.68 % sequentially. Other income fell by -76.43 % compared to the last quarter, despite an annual growth of 27.59 %. Interest expenses surged remarkably by 50 % from the previous quarter, yet the year-over-year increase remains at a moderate 20 %. Depreciation costs fell by -26.16 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -16.45 %. Profit before tax grew annually by 374.42 % but saw a reduction from the preceding quarter by -60.99 %.
with a more notable quarter-on-quarter decrease of -16.06 %. Net profit rose by 439.58 % year-on-year but witnessed a -58.36 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 433.33 % but a quarterly fall of -58.36 %. In summary, Jyoti 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. 30.806 Cr | Rs. 62.4 Cr | Rs. 43.28 Cr | -30.64 % | + 40.49 % |
| Expenses | Rs. 29.05 Cr | Rs. 56.94 Cr | Rs. 40.22 Cr | -29.36 % | + 38.45 % |
| Operating Profit | Rs. 1.76 Cr | Rs. 5.46 Cr | Rs. 3.06 Cr | -43.96 % | + 73.86 % |
| Net Profit | Rs. 0.48 Cr | Rs. 6.22 Cr | Rs. 2.59 Cr | -58.36 % | + 439.58 % |
| EPS in Rs | Rs. 0.21 | Rs. 2.69 | Rs. 1.12 | -58.36 % | + 433.33 % |
In reviewing Jyoti Ltd.,’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 40.49 % year-on-year growth, although there was a slight dip of -30.64 % from the previous quarter. Expenses rose by 38.45 % compared to the previous year, with a decrease of -29.36 % quarter-on-quarter. Operating Profit surged by 73.86 % annually, and saw a -43.96 % decrease from the last quarter.
Net Profit showed yearly increase of 439.58 %, and experienced a -58.36 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 433.33 % annually, however dipped by -58.36 % compared to the last quarter. In essence, while Jyoti Ltd., exhibits strong annual growth 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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