Neelamalai Agro Industries announces Q1 results: Profit Rises by 17.92% YoY

The comprehensive analytics outlining the performance and outlook of Neelamalai Agro Industries Ltd.,‘s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

Today, we’re looking at Neelamalai Agro Industries 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 25.13 %. However, it did see a marginal increase of 25.28 % from the previous quarter. Expenses ticked up slightly by 271.43 % quarter-on-quarter, aligning with the annual rise of 173.68 %. Operating profit, while down -108.36 % compared to last year, faced a quarter-on-quarter dip of -106.78 %, 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 -56.24 %, but a shrinkage of -68.59 % sequentially. Other income fell by -82.06 % compared to the last quarter, despite an annual growth of 24.56 %. Depreciation costs fell by -13.33 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 85.71 %. Profit before tax declined annually by -85.59 % but saw a reduction from the preceding quarter by -94.29 %.
Tax expenses as a percentage of profits increased slightly by 2.79 % compared to last year, with a more notable quarter-on-quarter decrease of -5.33 %. Net profit rose by 17.92 % year-on-year but witnessed a -47.15 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 17.94 % but a quarterly fall of -47.13 %. In summary, Neelamalai Agro Industries Ltd.,’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.

In reviewing Neelamalai Agro Industries Ltd.,’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 25.13 % year-on-year growth, however, there was a minor increase of 25.28 % from the previous quarter. Expenses rose by 173.68 % compared to the previous year, with a 271.43 % increase quarter-on-quarter. Operating Profit dropped by -108.36 % annually, and saw a -106.78 % decrease from the last quarter.
Net Profit showed yearly increase of 17.92 %, and experienced a -47.15 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 17.94 % annually, however dipped by -47.13 % compared to the last quarter. In essence, while Neelamalai Agro 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.