Advance Petrochemicals Q1 Results Growth Total Revenue of ₹10.80 crores & Operating Income ₹0.22 crores

Advance Petrochemicals Q1 Results: Advance Petrochemicals’ Q1 results for June 2024 show some improvements when compared to both the previous quarter (QoQ) and the same period last year (Year-over-Year, YoY). The total revenue for the company grew by 31.61% YoY, reaching ₹10.80 crores, which is a positive sign compared to ₹8.21 crores in June 2023. However, quarter-on-quarter (QoQ), there was a slight decline of 1.67%, as revenue was ₹7.97 crores in March 2023.

In Advance Petrochemicals’ terms of expenses, selling, general, and administrative expenses remained relatively stable, showing a small decrease of 1.26% YoY, down to ₹0.54 crores from ₹0.55 crores in June 2023. Depreciation and amortization costs saw a bigger change, decreasing 12.13% YoY but rising 71.06% QoQ, indicating a more efficient year-over-year cost management.

Advance Petrochemicals’ Operating expenses overall rose 27.08% YoY, reaching ₹10.58 crores, but only increased slightly QoQ by 0.94%. This caused the operating income to recover to ₹0.22 crores from negative values in both June 2023 and March 2023, showing a significant improvement.

Advance Petrochemicals reported a net income of ₹0.01 crores, showing a major recovery from a loss of ₹0.31 crores YoY. The earnings per share (EPS) also improved drastically YoY, turning positive at ₹0.15 from a negative value in previous periods. Overall, the company performed better YoY across multiple categories.

Here is a simplified explanation of the Q1 results for Advance Petrochemicals:

(All figures in crores)

Source: Here 

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Advance Petrochemicals Q1 Results

The financial results of Advance Petrochemicals for the quarter ending June 30, 2024, show important details about their income and expenses. For the three months, the company’s revenue from operations was ₹1080.19 crores. This means the company earned this amount from its main business activities. However, compared to the last quarter (March 2024), the revenue slightly dropped from ₹1098.59 crores, showing a small decrease. Additionally, the company earned ₹20 crores from other sources besides its main operations.

In Advance Petrochemicals’ total, their income was ₹1082.33 crores for the quarter. When looking at their expenses, the total was ₹1080.49 crores. The biggest part of the expenses came from the cost of materials used, which was ₹767.13 crores. The company also spent on employee benefits, depreciation, and other costs. After covering all the expenses, the company made a small profit before taxes, ₹1.84 crores.

When taxes are considered, Advance Petrochemicals paid ₹0.48 crores. This left them with a net profit of ₹1.36 crores after taxes. In the previous quarter, their net profit was much higher at ₹23.19 crores. Overall, the earnings per share were ₹0.15, lower than in earlier periods. This shows the company made less profit compared to the last quarter and the same period last year.

Here’s a simplified table summarizing the unaudited standalone financial results for the quarter ended June 30, 2024, based on the provided data:

Advance Petrochemicals Stock Metrics

The table provides important financial information about Advance Petrochemicals, a company listed on the stock market. It shows that the company's market capitalization is ₹ 26.2 crores, which is the total market value of its shares. The current stock price is ₹ 291, with a highest price of ₹ 330 and a lowest price of ₹ 108 over a certain period. The Price-to-Earnings (P/E) ratio is 46.7, indicating how much investors are willing to pay for each unit of earnings. The book value is ₹ 41.6, and the company does not pay dividends. 

Here’s a summary of the stock information you provided, formatted clearly:

Quarterly Results 

The table for Advance Petrochemicals shows key financial details for December 2023, March 2024, and June 2024. In December 2023, the company had sales of 7.80 crores, with expenses slightly lower at 7.45 crores, resulting in a small operating profit of 0.35 crores and a net profit of -0.05 crores, meaning they lost a little money. By March 2024, sales increased to 10.99 crores, and expenses also went up to 10.38 crores. The operating profit rose to 0.61 crores, leading to a net profit of 0.23 crores, showing recovery. 

Here’s the table with only the data for Dec 2023, Mar 2024, and Jun 2024:

(Figures in Rs. Crores)

About Advance Petrochemicals 

Advance Petrochemicals is a leading manufacturing company based in India that specializes in creating and supplying a wide range of chemical products. Established nearly 20 years ago, the company started as a partnership and became a public company in 1985. Initially, they focused on providing products for the textile and leather industries, but they have since expanded to include surfactants, solvents, and ethanolamines used in various fields such as pharmaceuticals, automotive, and agriculture. Their manufacturing facility is located on the outskirts of Ahmedabad, a major city known for its business connections within India and beyond.

Advance Petrochemicals is part of the larger Advance Group, which operates in various sectors, including rubber and textile processing. The company is dedicated to quality and customer satisfaction, having achieved ISO 9001-2001 certification in 2001. They continuously strive for improvement through research and development, creating high-quality products that meet international standards while being environmentally friendly. With a strong commitment to innovation and customer service, Advance Petrochemicals aims to meet the ever-evolving needs of its clients, ensuring reliability and performance in every product they offer.