Archies Q1 Results Total Revenue ₹13.38 crores & Operating Income ₹1.33 crores

Archies Q1 Results: Archies reported its financial results, showing some significant changes compared to previous periods in the first quarter of June 2024. The Total Revenue was ₹13.38 crores, which is a decrease of 38.63% QoQ (quarter-on-quarter) from ₹20.67 crores in March 2023. When looking at the same quarter last year, the revenue dropped 10.88% YoY (year-over-year) from ₹15.02 crores. The Selling/General/Admin Expenses were ₹4.59 crores, slightly lower than the previous quarter's ₹4.69 crores, a 16.74% decrease QoQ, and also down 4.48% YoY compared to ₹4.80 crores last year.

Archies’ Operating Income improved significantly, moving from a loss of ₹5.65 crores in March 2023 to a loss of ₹1.33 crores in June 2024, reflecting an 83.68% improvement QoQ. However, year-over-year, the loss was nearly the same, with a decrease of just 0.44% YoY. Despite these positive changes in operating income, the Net Income remained negative, at a loss of ₹1.02 crores, an 88.21% drop YoY from ₹2.44 crores in the same quarter last year. Overall, while Archies faced challenges, it showed some signs of improvement in its operating performance.

Here's the quarterly financial summary for Archies for Q1:

Source: Here 

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Archies Q1 Results

Archies Limited's financial results for the quarter ending June 30, 2024, show a challenging situation for the company. The total income from operations was ₹1,338.29 lakhs, which is lower than the ₹2,180.82 lakhs reported in the previous quarter (ending March 31, 2024). This decline indicates a decrease in business activity compared to earlier periods. The total expenses for the quarter were ₹1,594.78 lakhs, also lower than ₹3,118.23 lakhs from the previous quarter. However, even with reduced expenses, Archies still reported a loss before tax of ₹161.11 lakhs, which is an improvement compared to a much larger loss of ₹880.97 lakhs in the prior quarter.

After accounting for deferred tax, the loss for the quarter was ₹101.61 lakhs, a slight improvement from the loss of ₹861.51 lakhs from the previous quarter. The company’s comprehensive income, which includes profit and other income, showed a total comprehensive loss of ₹99.55 lakhs. The earnings per share (EPS) was reported at ₹(0.30), which is also an improvement over the previous quarter's loss of ₹(2.55). Overall, while Archies Limited is still facing losses, the figures indicate some signs of recovery compared to the previous quarter.

Here’s a simplified summary of Archies Limited's unaudited financial results for the quarter ending June 30, 2024:

(% in Lakhs) 

Archies Stock Metrics

Archies table provides important financial information about a company. It shows that the company's market capitalization is ₹106 crore, which means that this is the total value of all its shares. The current price of one share is ₹31.5. The highest price for a share in the past was ₹42.5, while the lowest was ₹22.0. The book value of the shares is ₹29.4, which indicates the company's value per share based on its assets. However, the company has a negative return on capital employed (ROCE) of -0.47% and a negative return on equity (ROE) of -5.16%, suggesting that it is currently not making a profit. 

Here's a summary of the market data in a table format:

Quarterly Results 

The Archies financial table for December 2023, March 2024, and June 2024 shows key metrics related to the company’s performance. In December 2023, Archies had sales of ₹21.06 crores and an operating profit of ₹3.82 crores, indicating good profitability. However, in March 2024, sales slightly increased to ₹21.80 crores, but operating profit turned negative at ₹-5.83 crores, showing challenges in managing costs. By June 2024, sales dropped significantly to ₹13.38 crores, and net profit remained negative at ₹-1.02 crores, suggesting that Archies faced financial difficulties during this period, which may affect future operations.

Here’s the table showing only the metrics for December 2023, March 2024, and June 2024:

(Standalone Figures in Rs. Crores)

About Archies 

Archies is a well-known Indian company that specializes in greeting cards and gifts. It was founded in 1979 by Anil Moolchandani and his brother Jagdish Moolchandani in New Delhi. Initially, the company sold items like song books, posters, and leather patches. However, it became famous for its greeting cards, which it introduced in 1980. Archies cards celebrate important Indian festivals like Holi, Diwali, and Rakhi, along with popular occasions such as birthdays and anniversaries.

Over the years, Archies has grown significantly. It went public in 1995 and became listed on the National Stock Exchange of India and the Bombay Stock Exchange in 1998. Today, Archies holds about 50% of the greeting card market in India. The company operates more than 250 franchise outlets and 230 exclusive stores, known as Archies Galleries, across 120 cities and six countries. In response to the rise of digital communication, Archies launched its online store in 2000. Additionally, the company has expanded its product range to include items like artificial jewelry, crystal ware, chocolates, and perfumes. Archies Limited continues to be a popular choice for people looking to express their feelings through cards and gifts.