Share the post "Naksh Precious Metals ‘s Q1 Report: Revenue Rises by 1666.67% 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 1666.67 % in the past year, substantial increase in net sales/revenue by 34.86 %.
- Profit over the Year and quarter: Significant improvement in profitability for Naksh Precious Metals Limited. Notable increase of 3750 % in net profit Year to Year, Naksh Precious Metals Limited’s profitability increased by 97.44 % in this quarter.
- EPS over the Year and quarter: EPS increased by 75 % in previous quarter. Positive impact on shareholders.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 0.03 Cr | Rs. 0.393 Cr | Rs. 0.53 Cr | + 34.86 % | + 1666.67 % |
Expenses | Rs. 0.02 Cr | Rs. 0.43 Cr | Rs. 0.42 Cr | -2.33 % | + 2000 % |
Operating Profit | Rs. 0.01 Cr | Rs. -0.04 Cr | Rs. 0.11 Cr | + 375 % | + 1000 % |
OPM % | 33.33 % | -10.18 % | 20.75 % | + 30.93 % | -12.58 % |
Other Income | Rs. 0 Cr | Rs. 0.004 Cr | Rs. 0 Cr | 0 % | 0 % |
Interest | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
Depreciation | Rs. 0.01 Cr | Rs. 0.01 Cr | Rs. 0.01 Cr | + 0 % | + 0 % |
Profit before tax | Rs. 0 Cr | Rs. -0.05 Cr | Rs. 0.1 Cr | + 300 % | 0 % |
Tax % | 50 % | -182.61 % | 25.96 % | + 208.57 % | -24.04 % |
Net Profit | Rs. 0 Cr | Rs. 0.04 Cr | Rs. 0.08 Cr | + 100 % | 0 % |
EPS in Rs | Rs. 0 | Rs. 0.04 | Rs. 0.07 | + 75 % | 0 % |
Today, we’re looking at Naksh Precious Metals Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 1666.67 %. However, it did see a marginal increase of 34.86 % from the previous quarter. Expenses decreased slightly by -2.33 % quarter-on-quarter, aligning with the annual rise of 2000 %. Operating profit, while up 1000 % compared to last year, faced a quarter-on-quarter increase of 375 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -12.58 %, but an expansion of 30.93 % sequentially. Depreciation costs climbed by 0 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 0 %. but saw an increase from the preceding quarter by 300 %.
Tax expenses as a percentage of profits decreased slightly by -24.04 % compared to last year, with a more notable quarter-on-quarter increase of 208.57 %. but experienced a 100 % expansion from the last quarter. but a quarterly rise of 75 %. In summary, Naksh Precious Metals 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. 0.03 Cr | Rs. 0.393 Cr | Rs. 0.53 Cr | + 34.86 % | + 1666.67 % |
Expenses | Rs. 0.02 Cr | Rs. 0.43 Cr | Rs. 0.42 Cr | -2.33 % | + 2000 % |
Operating Profit | Rs. 0.01 Cr | Rs. -0.04 Cr | Rs. 0.11 Cr | + 375 % | + 1000 % |
Net Profit | Rs. 0 Cr | Rs. 0.04 Cr | Rs. 0.08 Cr | + 100 % | 0 % |
EPS in Rs | Rs. 0 | Rs. 0.04 | Rs. 0.07 | + 75 % | 0 % |
In reviewing Naksh Precious Metals Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 1666.67 % year-on-year growth, however, there was a minor increase of 34.86 % from the previous quarter. Expenses rose by 2000 % compared to the previous year, with a decrease of -2.33 % quarter-on-quarter. Operating Profit surged by 1000 % annually, and saw a 375 % increase from the last quarter.
and experienced a 100 % increase from the previous quarter. however rose by 75 % compared to the last quarter. In essence, while Naksh Precious Metals Limited 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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