Arrow Greentech Q1 Results Total Income ₹66.11 Crore & Operating Profit ₹26.32 Crore

Arrow Greentech Q1 Results: Arrow Greentech’s Q1 results for June 2024 show strong financial performance compared to both the previous quarter and the same quarter last year. The company's total revenue increased to ₹66.11 crores, a 50.73% year-over-year (YoY) growth from ₹43.86 crores in June 2023. This also represents a 30.60% quarter-on-quarter (QoQ) growth compared to ₹48.14 crores in March 2023.

Arrow Greentech's net income, which is the profit after all expenses, grew significantly to ₹20.15 crores. This is a huge 115.74% YoY increase from ₹9.34 crores in June 2023, showing how much more profitable the company is compared to last year. Even on a QoQ basis, net income rose by 98.91% from ₹12.77 crores in March 2023.

Arrow Greentech’s Operating income, which is the profit from the core business operations, grew by 107.90% YoY, going from ₹12.66 crores in June 2023 to ₹26.32 crores in June 2024. This means the company is earning much more from its main activities. The YoY growth in net income before taxes was also impressive at 103.99%, showing strong performance compared to last year.

Here are the Arrow Greentech Q1 Results for June 2024:

(All figures in crores except per share values)

Source: Here 

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Arrow Greentech Q1 Results

Arrow Greentech has released its financial report comparing the quarter that ended on June 30, 2024, with the previous year ended on March 31, 2024. The company’s Revenue from Operations increased from ₹4,768 lakhs to ₹6,448 lakhs, showing growth. Along with some extra Income of ₹68 lakhs in the current quarter (down from ₹206 lakhs in the previous year), the Total Income went up to ₹6,516 lakhs compared to ₹4,974 lakhs before.

Arrow Greentech expenses also increased. The Cost of Materials used was ₹2,374 lakhs this quarter, higher than ₹2,126 lakhs earlier. They spent ₹158 lakhs on stock-in-trade, which they didn't do in the previous period. The change in their inventory shifted from a reduction of ₹241 lakhs in March to an addition of ₹159 lakhs in June. Other costs, like employee benefits, finance costs, and depreciation, stayed mostly the same, though finance costs were much lower at ₹1 lakh.

After all expenses, Arrow Greentech's profit before tax rose to ₹2,860 lakhs from ₹2,066 lakhs. Taxes were ₹737 lakhs this quarter, leaving a final profit of ₹2,123 lakhs, higher than the ₹1,589 lakhs they earned in the previous year. Their earnings per share (EPS) went up from ₹10.53 to ₹14.07.

Here is the simplified breakdown of the financial data you provided for the quarter and year ending June 30, 2024, and March 31, 2024:

Arrow Greentech Financial Metrics

Arrow Greentech's financial table shows key details about its stock. The company's total market value is ₹1,265 Crore, and its stock currently trades at ₹839 per share. The highest price it has reached is ₹1,039, while the lowest is ₹301. The Price-to-Earnings (P/E) ratio is 31.6, indicating how much investors are willing to pay for each rupee of the company's earnings. The book value, or net asset value per share, is ₹84.1. The company offers a dividend yield of 0.24%, meaning it pays a small percentage of the stock price as dividends. 

Here's the information in table format:

Quarterly Results 

The Arrow Greentech table shows the company's financial performance over three recent quarters: Dec 2023, Mar 2024, and Jun 2024. For each quarter, the table provides details on sales, expenses, operating profit, and net profit. In Dec 2023, the company had sales of ₹25 crores and expenses of ₹18 crores, resulting in an operating profit of ₹7 crores. By Mar 2024, sales increased to ₹51 crores, with expenses rising to ₹35 crores, leading to an operating profit of ₹16 crores. In Jun 2024, sales further grew to ₹66 crores, expenses rose to ₹38 crores, and the operating profit reached ₹28 crores.

Here's the data for Dec 2023, Mar 2024, and Jun 2024:

About Arrow Greentech 

Arrow Greentech started in 1992 and has always focused on making products that are good for the environment. In the mid-1990s, they introduced a special kind of film called Watersol™, which can dissolve in water, showing their commitment to green technology. Arrow Greentech has become well-known in India and is also gaining recognition around the world for its eco-friendly packaging solutions.

Arrow Greentech makes products for many different areas, including health, hygiene, packaging, printing, and security. They are known for their expertise and high-quality service, which is why they hold many patents globally. Arrow Greentech is listed on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) in India, and they have factories in India and the UK through their subsidiary, Arrow Green Technologies (UK).

Arrow Greentech aims to create customized solutions that fit their customers' needs and build strong relationships with them. Arrow Greentech works hard to balance making a profit with reducing its impact on the environment, striving to improve quality of life with their innovative products.