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- Axita Cotton Q1 Results Revenue Drops to ₹15,493.01 Lakhs, Net Profit Falls to ₹354.42 Lakhs
Axita Cotton Q1 Results Revenue Drops to ₹15,493.01 Lakhs, Net Profit Falls to ₹354.42 Lakhs
Axita Cotton Q1 Results 2024-2025 show a significant 29.9% QoQ decline in revenue, falling to ₹15,493.01 lakhs, while Axita Cotton Q1 Results also reflect a 28.4% QoQ drop in net profit to ₹354.42 lakhs.
by Madhumitha
Updated Sep 10, 2024
Table of Content
Axita Cotton Q1 Results 2024-2025: Axita Cotton announced its Q1 results for the financial year 2024-2025, reporting a significant decline in revenue compared to the previous quarter. Revenue from operations dropped by 29.9% quarter-on-quarter (QoQ), reaching ₹15,493.01 lakhs in June 2024, down from ₹22,102.50 lakhs in March 2024.
The company’s total income also saw a decrease of 29.9% QoQ, marking a challenging start to the financial year. However, the company managed to maintain control over certain expenses, with employee benefits reducing by 16.54% year-over-year (YoY).
In terms of profitability, Axita Cotton's net profit after tax fell 28.4% QoQ, from ₹495.02 lakhs in Q4 2023-2024 to ₹354.42 lakhs in Q1 2024-2025. The total comprehensive income also saw a dip of 31.3% QoQ, reflecting the pressure on margins amid lower revenue.
Despite this, the company’s EPS (Earnings Per Share) remained stable, showing no significant changes from the previous quarter. However, on a year-over-year (YoY) basis, Axita Cotton faced a notable decline, with key financial metrics indicating softer market conditions in the cotton industry.
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Axita Cotton Q1 Results 2024-2025
Axita Cotton announced its Q1 results for the financial year 2024-2025, revealing a decrease in revenue and profitability compared to the previous quarter.
| Particulars | Q1 FY 2024-25 (₹ in Lakhs) | Q4 FY 2023-24 (₹ in Lakhs) |
|---|---|---|
| Revenue from Operations | 15,493.01 | 22,102.50 |
| Other Income | 3.90 | 28.32 |
| Total Income | 15,496.91 | 22,130.82 |
| Cost of Material Consumed | 13,511.21 | 20,502.69 |
| Employee Benefits Expense | 64.09 | 40.94 |
| Depreciation and Amortization | 44.82 | 47.52 |
| Finance Costs | 32.77 | 34.78 |
| Other Expenses | 335.65 | 441.41 |
| Profit Before Tax (PBT) | 496.35 | 668.98 |
| Net Profit After Tax (PAT) | 354.42 | 495.02 |
| Total Comprehensive Income | 344.29 | 500.82 |
| Earnings Per Share (EPS) (Basic & Diluted) | 0.13 | 0.19 |
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Axita Cotton Current Market Overview
Axita Cotton is currently trading at ₹23.0 per share, with a slight drop of 0.66% as of September 10, 2024. The company has a market capitalization of ₹601 crore and its stock has fluctuated between a 52-week high of ₹35.4 and a low of ₹19.4. With a price-to-earnings (P/E) ratio of 33.1, the stock is considered relatively expensive compared to its earnings.
Axita Cotton also has a healthy dividend yield of 0.76%, indicating a return for shareholders, and strong financial metrics with a Return on Capital Employed (ROCE) of 37.9% and a Return on Equity (ROE) of 34.8%, showcasing its profitability and efficient use of resources.
| Particulars | Details |
|---|---|
| Current Price | ₹23.0 |
| Change in Price | -0.66% |
| Date & Time | 10 Sep 2024, 9:23 a.m. |
| Market Cap | ₹601 Cr. |
| Price to Earnings (P/E) | 33.1 |
| Book Value | ₹2.48 |
| Dividend Yield | 0.76% |
| Return on Capital Employed (ROCE) | 37.9% |
| Return on Equity (ROE) | 34.8% |
| Face Value | ₹1.00 |
Quarterly Results
The following table presents Axita Cotton’s financial performance for the quarters ending December 2023, March 2024, and June 2024.
| Particulars | Dec 2023 | Mar 2024 | Jun 2024 |
|---|---|---|---|
| Sales (₹ Cr.) | 265.31 | 221.03 | 154.93 |
| Expenses (₹ Cr.) | 261.56 | 213.79 | 149.23 |
| Operating Profit (₹ Cr.) | 3.75 | 7.24 | 5.70 |
| OPM % | 1.41% | 3.28% | 3.68% |
| Other Income (₹ Cr.) | 0.89 | 0.28 | 0.04 |
| Interest (₹ Cr.) | 0.10 | 0.48 | 0.45 |
| Depreciation (₹ Cr.) | 0.31 | 0.35 | 0.33 |
| Profit Before Tax (₹ Cr.) | 4.23 | 6.69 | 4.96 |
| Net Profit (₹ Cr.) | 3.13 | 4.95 | 3.54 |
| EPS (₹) | 0.12 | 0.19 | 0.14 |
About Axita Cotton
Axita Cotton is a leading cotton manufacturing and trading company based in Gujarat, India. Established in 2013, the company specializes in producing high-quality cotton bales and cotton seeds, with its main varieties being Shankar-6 and MCU-5. Located in the rich cotton-growing region of Kadi in the Mehsana district, Axita Cotton operates a modern facility for ginning and pressing, catering to the demand from Gujarat, Rajasthan, Maharashtra, and Madhya Pradesh.
The company is ISO 9001:2015 certified and a member of the Better Cotton Initiative, promoting sustainable cotton farming practices. Axita also trades raw cotton (kapas) and engages in job work for ginning and pressing.
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Axita Cotton Q1 Results- FAQs
1. What are Axita Cotton's Q1 2024-2025 revenue figures?
Axita Cotton's revenue for Q1 2024-2025 was ₹15,493.01 lakhs.
2. How much did Axita Cotton's revenue decrease from the previous quarter?
Axita Cotton's revenue decreased by ₹6,609.49 lakhs from the previous quarter.
3. What is the total income reported by Axita Cotton for Q1 2024-2025?
The total income reported by Axita Cotton for Q1 2024-2025 is ₹15,496.91 lakhs.
4. How much did Axita Cotton's net profit after tax (PAT) fall to in Q1 2024-2025?
Axita Cotton's net profit after tax (PAT) fell to ₹354.42 lakhs in Q1 2024-2025.
5. What was Axita Cotton's net profit after tax (PAT) in the previous quarter?
Axita Cotton's net profit after tax (PAT) in the previous quarter was ₹495.02 lakhs.
6. How much did Axita Cotton's other income decrease in Q1 2024-2025?
Axita Cotton's other income decreased to ₹3.90 lakhs in Q1 2024-2025.
7. What were the employee benefits expenses for Axita Cotton in Q1 2024-2025?
Axita Cotton's employee benefits expenses were ₹64.09 lakhs in Q1 2024-2025.
8. What was the cost of material consumed by Axita Cotton in Q1 2024-2025?
The cost of material consumed by Axita Cotton in Q1 2024-2025 was ₹13,511.21 lakhs.
9. How much did Axita Cotton's depreciation and amortization cost in Q1 2024-2025?
Axita Cotton's depreciation and amortization cost was ₹44.82 lakhs in Q1 2024-2025.
10. What are the finance costs reported by Axita Cotton for Q1 2024-2025?
Axita Cotton's finance costs for Q1 2024-2025 were ₹32.77 lakhs.