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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 experienced a substantial growth of 4.6 % in the past year, substantial increase in net sales/revenue by 5.82 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -71.43 %, Marginal decrease of -90.91% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for United Textiles Ltd.. Notable increase of 23.53 % in net profit Year to Year, United Textiles Ltd.’s profitability dropped by -205 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 16.67 % Year to Year. EPS decreased by -275 % 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. 2.869 Cr | Rs. 2.836 Cr | Rs. 3.001 Cr | + 5.82 % | + 4.6 % |
| Expenses | Rs. 2.45 Cr | Rs. 2.41 Cr | Rs. 2.47 Cr | + 2.49 % | + 0.82 % |
| Operating Profit | Rs. 0.42 Cr | Rs. 0.43 Cr | Rs. 0.53 Cr | + 23.26 % | + 26.19 % |
| OPM % | 14.64 % | 15.16 % | 17.66 % | + 2.5 % | + 3.02 % |
| Other Income | Rs. 0.007 Cr | Rs. 0.022 Cr | Rs. 0.002 Cr | -90.91 % | -71.43 % |
| Interest | Rs. 0.14 Cr | Rs. 0.11 Cr | Rs. 0.22 Cr | + 100 % | + 57.14 % |
| Depreciation | Rs. 0.27 Cr | Rs. 0.36 Cr | Rs. 0.3 Cr | -16.67 % | + 11.11 % |
| Profit before tax | Rs. 0.02 Cr | Rs. -0.02 Cr | Rs. 0.01 Cr | + 150 % | -50 % |
| Tax % | 26.09 % | -16.67 % | 40 % | + 56.67 % | + 13.91 % |
| Net Profit | Rs. 0.02 Cr | Rs. -0.02 Cr | Rs. 0.02 Cr | + 200 % | + 0 % |
| EPS in Rs | Rs. 0.06 | Rs. -0.04 | Rs. 0.07 | + 275 % | + 16.67 % |
Today, we’re looking at United Textiles 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 4.6 %. However, it did see a marginal increase of 5.82 % from the previous quarter. Expenses ticked up slightly by 2.49 % quarter-on-quarter, aligning with the annual rise of 0.82 %. Operating profit, while up 26.19 % compared to last year, faced a quarter-on-quarter increase of 23.26 %, 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 3.02 %, but an expansion of 2.5 % sequentially. Other income fell by -90.91 % compared to the last quarter, despite an annual decline of -71.43 %. Interest expenses surged remarkably by 100 % from the previous quarter, yet the year-over-year increase remains at a moderate 57.14 %. Depreciation costs fell by -16.67 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 11.11 %. Profit before tax declined annually by -50 % but saw an increase from the preceding quarter by 150 %.
Tax expenses as a percentage of profits increased slightly by 13.91 % compared to last year, with a more notable quarter-on-quarter increase of 56.67 %. Net profit rose by 0 % year-on-year but experienced a 200 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 16.67 % but a quarterly rise of 275 %. In summary, United Textiles 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. 2.869 Cr | Rs. 2.836 Cr | Rs. 3.001 Cr | + 5.82 % | + 4.6 % |
| Expenses | Rs. 2.45 Cr | Rs. 2.41 Cr | Rs. 2.47 Cr | + 2.49 % | + 0.82 % |
| Operating Profit | Rs. 0.42 Cr | Rs. 0.43 Cr | Rs. 0.53 Cr | + 23.26 % | + 26.19 % |
| Net Profit | Rs. 0.02 Cr | Rs. -0.02 Cr | Rs. 0.02 Cr | + 200 % | + 0 % |
| EPS in Rs | Rs. 0.06 | Rs. -0.04 | Rs. 0.07 | + 275 % | + 16.67 % |
In reviewing United Textiles Ltd.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 4.6 % year-on-year growth, however, there was a minor increase of 5.82 % from the previous quarter. Expenses rose by 0.82 % compared to the previous year, with a 2.49 % increase quarter-on-quarter. Operating Profit surged by 26.19 % annually, and saw a 23.26 % increase from the last quarter.
Net Profit showed yearly increase of 0 %, and experienced a 200 % increase from the previous quarter. Earnings Per Share (EPS) rose by 16.67 % annually, however rose by 275 % compared to the last quarter. In essence, while United Textiles Ltd. 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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