AKG Exim Q1 Results Total Income ₹2,456 Million, Net Profit ₹17.45 Million

AKG Exim reported its financial results with a mixed performance for the quarter ending June 30, 2024. The company's total revenue from operations was ₹2,453.41 million, showing a decrease from the ₹2,722.34 million reported in the previous quarter but an increase from ₹3,536.54 million in the same quarter last year. The overall total income, including other income, was ₹2,456.00 million, slightly lower than the previous quarter’s ₹2,771.88 million and last year’s ₹3,551.78 million.

AKG Exim’s expenses were primarily driven by purchases of stock-in-trade, which amounted to ₹2,116.14 million. Other significant expenses included a decrease in the change of inventories and employee benefits, contributing to a total expense of ₹2,430.80 million. 

Despite these expenses, AKG Exim managed to record a profit before tax of ₹25.20 million, compared to ₹52.25 million in the previous quarter and ₹39.81 million in the same quarter last year.

AKG Exim’s after accounting for a tax expense of ₹7.01 million for current taxes and a deferred tax charge of ₹0.74 million, AKG Exim’s net profit for the quarter stood at ₹17.45 million. This represents a decrease from ₹35.74 million in the previous quarter but an improvement over the ₹28.20 million reported in the same quarter last year. 

The earnings per share were ₹0.05, reflecting the company's cautious yet steady performance in a challenging economic environment.

Source: Here 

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AKG Exim Q1 Results

AKG Exim reported its financial performance with a total income of ₹2,456 million. This includes revenue from operations of ₹2,453 million and other income of ₹2.59 million. The company's total expenses were ₹2,431 million, covering costs like stock purchases, inventory changes, employee benefits, finance costs, and depreciation.

Here’s the full information: 

AKG Exim Financial Metrics Summary

AKG Exim’s key financial indicators like market capitalization, current stock price, price-to-earnings ratio, and return on equity, which can help in assessing the company's performance and valuation.

Here is a summary of the company's financial metrics:

Quarterly Results 

The AKG Exim financial table shows key numbers for three quarters: December 2023, March 2024, and June 2024. Sales are the total income from selling products, which increased from ₹44.76 crore to ₹46.30 crore but then dropped to ₹40.38 crore. 

Here is a simple table summarizing the financial metrics for each quarter:

About AKG Exim

AKG Exim is a global trading company with operations mainly in India and Asia. We specialize in trading a wide range of products, including metal scraps, agro food commodities, and petrochemicals. Our product portfolio includes ferrous materials like Heavy Melting Steel Scrap (HMS 1 & 2), Light Melting Scrap, and Cast Iron. We also deal with non-ferrous metals such as aluminum and lead battery scrap.

AKG Exim trades agro-food items like Basmati and Non-Basmati Rice, Spices, and Dry Fruits. Our petrochemical products include Base Oil, Sulphur Granules, Bitumen, Alkyl Benzene, Toluene, and other petroleum-based chemicals.

AKG Exim operates as a distributor, indenter, and intermediary for these products, serving both the Indian and international markets. We have established a strong network and maintain good relationships with reputable mills and suppliers. 

AKG Exim team ensures that we meet technical and commercial standards while managing an efficient logistics and supply chain system. We are committed to upholding high standards and fostering long-term business relationships through reliable and diligent service.