Ami Organics Q1 Results Total Revenue of ₹176.67 crores & Net Income ₹13.95 crores

Ami Organics Q1 Results: Ami Organics recently released its Q1 financial results, showing important trends in its performance. The total revenue for June 2024 was ₹176.67 crores. This is a decrease of 21.46% compared to the previous quarter (QoQ), when it was ₹186.38 crores. However, there was a year-over-year (YoY) increase of 14.93% from ₹153.72 crores in June 2023. The selling, general, and administrative expenses rose by 66.16% QoQ to ₹19.06 crores, reflecting a significant jump from ₹11.48 crores. YoY, these expenses also increased by 34.74% from ₹14.14 crores, showing that costs are rising.

Looking at net income, it was ₹13.95 crores in June 2024, a 44.55% decrease from ₹27.16 crores in the previous quarter (QoQ). This decline in net income also represents a year-over-year (YoY) drop of 29.29% from ₹19.72 crores. The diluted normalized EPS fell to ₹3.67, down 46.90% QoQ from ₹6.45 and down 39.84% YoY from ₹6.10. Overall, while Ami Organics experienced some growth YoY, the quarter-on-quarter (QoQ) results indicate challenges in maintaining profitability.

Here’s the quarterly financial results for Ami Organics for Q1:

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Ami Organics Q1 Results

Ami Organics' standalone financial results for the quarter ending June 30, 2024, show both income and expenses for the company. In this quarter, the total income was ₹17,303.43 lakhs, which includes revenue from operations of ₹17,113.70 lakhs and other income of ₹189.73 lakhs. However, compared to the previous quarter, there was a decline in revenue, down from ₹21,993.75 lakhs.

The total expenses for the quarter were ₹15,483.31 lakhs. The largest cost came from materials consumed, totaling ₹10,464.04 lakhs. Other significant expenses included employee benefits and finance costs. The company reported a profit before tax of ₹1,820.12 lakhs for this quarter, which is lower than the previous quarter's profit of ₹4,228.74 lakhs.

After accounting for tax expenses of ₹448.53 lakhs, the profit for the period was ₹1,371.59 lakhs. This reflects a decrease compared to last year. The company's earnings per share (EPS) were ₹3.43 for basic shares and ₹3.20 for diluted shares, showing a decline from previous periods. Overall, the results indicate challenges in maintaining income levels while managing expenses, impacting profitability.

Here’s a simplified version of the standalone financial results for the period ended June 30, 2024:

(in Lakhs)

Ami Organics Financial Performance

Ami Organics is a company with a market capitalization of ₹ 6,931 crores, which shows its overall value in the stock market. The current stock price is ₹ 1,694, and it has reached a high of ₹ 1,698 and a low of ₹ 1,004 in recent trading. The stock has a Price-to-Earnings (P/E) ratio of 109, indicating that investors are willing to pay a high price for its earnings. The book value is ₹ 183, which represents the value of the company’s assets. It offers a dividend yield of 0.18%, has a Return on Capital Employed (ROCE) of 16.0%, and a Return on Equity (ROE) of 9.37%. 

Here’s a summary of the market cap and stock details you provided:

Quarterly Results 

The table shows the financial performance of Ami Organics for three quarters: December 2023, March 2024, and June 2024. In December 2023, the company had sales of ₹166 crores and net profit of ₹18 crores. By March 2024, sales increased significantly to ₹225 crores, and net profit rose to ₹26 crores, showing strong growth. 

Here's the table with data for December 2023, March 2024, and June 2024:

About Ami Organics

Ami Organics is a company founded in 2007, based in Gujarat, India. It specializes in making specialty chemicals for industries like agriculture, cosmetics, and polymers. The company started as a partnership and later became a formal company to better serve the needs of the pharmaceutical industry. Ami Organics focuses on innovation, quality, and advanced technology in its operations.

The team at Ami Organics is made up of experienced professionals who use modern production lines and testing facilities to create a wide range of products. They offer custom synthesis and contract manufacturing services to meet the specific needs of their clients. The company is committed to meeting strict regulatory standards and ensuring safety and quality in its products.

Ami Organics aims to grow its presence in the international market, serving over 27 countries, including North America, Europe, and Asia. Recently, the company expanded by acquiring two manufacturing facilities to enhance its production capabilities. With certifications like ISO 9001:2015 and USFDA approval, Ami Organics is dedicated to providing high-quality chemicals and pharmaceutical intermediates to support healthcare globally.