Antarctica Q1 Results Revenue at ₹21.08 Lakhs, Expenses Rise to ₹44.00 Lakhs, Loss Widens to ₹22.92 Lakhs

Antarctica Q1 Results: Antarctica’s financial results for the first quarter of June 2024 show some challenges. The company's total revenue, which is the money it earns from its business, went down to 0.14 crores. This is a 33.73% drop compared to the previous quarter (March 2023), and an 18.68% decrease compared to the same quarter last year (June 2023). This means that the company is earning less money than before.

Antarctica’s expenses, or costs of running the company, have also changed. For example, the selling, general, and administrative expenses stayed almost the same at 0.02 crores but were slightly lower than last year. Depreciation, which is the reduction in value of the company’s assets, dropped by almost 46% compared to last year, showing that the company might not be using its assets as much.

Antarctica’s other operating expenses increased a lot, jumping by 155.94% compared to last year. This rise in costs hurt the company's profits. As a result, the operating income, which is the money left after paying all expenses, was -0.23 crores, showing a loss.

Antarctica ended up with a net loss of -0.23 crores for the quarter, a significant drop from last year’s smaller loss. This shows that Antarctica is currently facing financial difficulties.

Here's a summary of Antarctica's Q1 financial results:

(All figures are in crores except per share values)

Source: Here 

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Antarctica Q1 Results

Antarctica reported its financial performance in the first quarter ending on June 30, 2024. Their revenue from operations was ₹21.08 lakhs, showing an increase compared to ₹13.97 lakhs in the previous quarter (March 31, 2024) and ₹17.18 lakhs in the same quarter last year (June 30, 2023). However, despite the higher revenue, the total expenses also rose significantly, reaching ₹44.00 lakhs.

This increase in expenses was mainly due to higher costs of materials consumed and other expenses. The company also reported a loss before tax of ₹22.92 lakhs for this quarter, which is slightly worse than the loss of ₹22.50 lakhs in the previous quarter.

Antarctica earnings per share (EPS) also showed a decline, with the EPS for this quarter being negative at ₹(0.0148), compared to ₹(0.0145) in the previous quarter and ₹(0.0026) in the same quarter last year.

Antarctica did not have any tax expenses or other comprehensive income during this period, resulting in a total loss after tax of ₹22.92 lakhs. Overall, despite an increase in revenue, the company faced challenges in controlling its expenses, leading to a continued loss.

Here’s a summary of the financial results based on the provided data (amounts in ₹ Lakhs):

Antarctica Stock Metrics 

Antarctica’s table provides key financial information about the company. The market capitalization is ₹28.7 Crore, which shows the company's total market value. The current stock price is ₹1.85, with a high of ₹1.95 and a low of ₹0.65 over a period. The book value, or the company's net asset value per share, is ₹1.05.

Here's the information in table format:

Quarterly Results 

The Antarctica table shows the financial results over several quarters. Each row represents different financial aspects like sales, expenses, operating profit, and net profit for the periods Dec 2023, Mar 2024, and Jun 2024. Sales show how much money the company made, while expenses show how much it spent. 

Here are the quarterly financial results for Dec 2023, Mar 2024, and Jun 2024: