- Home »
- Quarterly Results »
- Axtel Industries Q1 Results Total Income Falls to ₹4,560.85 Lakhs, Profit After Tax Drops to ₹411.10 Lakhs
Axtel Industries Q1 Results Total Income Falls to ₹4,560.85 Lakhs, Profit After Tax Drops to ₹411.10 Lakhs
Axtel Industries Q1 Results show a 13.6% QoQ decrease in total income to ₹4,560.85 lakhs, while Axtel Industries Q1 Results also reveal a 22.6% QoQ drop in profit for the period to ₹411.10 lakhs.
by P Nandhini
Updated Sep 06, 2024
Table of Content
Axtel Industries Q1 Results: Axtel Industries announced their Q1 financial results for the period ending June 30, 2024, on August 7, 2024. The company reported a decrease in revenue, with total income falling to ₹4,560.85 lakhs, down 13.6% quarter-over-quarter (QoQ) from ₹5,275.92 lakhs in the previous quarter.
This decline was primarily due to a drop in sales and income from operations, which decreased by 14.3% QoQ from ₹5,215.84 lakhs to ₹4,469.62 lakhs. Despite this drop, other income saw an increase of 51.9% QoQ, rising from ₹60.08 lakhs to ₹91.24 lakhs.
In terms of expenses, Axtel's total costs decreased by 12.1% QoQ, from ₹4,582.66 lakhs to ₹4,026.94 lakhs, largely driven by lower material costs and reduced employee benefits expenses.
The company's profit from ordinary activities before exceptional items was ₹533.91 lakhs, reflecting a decrease of 22.9% QoQ compared to ₹693.26 lakhs in the previous quarter. After accounting for tax expenses, Axtel's profit for the period was ₹411.10 lakhs, down 22.6% QoQ from ₹531.19 lakhs.
The earnings per share also fell, with basic and diluted earnings decreasing from ₹3.29 to ₹2.54, marking a decline of 22.7% QoQ.
For More Q1 results check our Twitter Page
Axtel Industries Q1 Results 2024 - 2025
Axtel Industries has released its financial results for the first quarter of 2024-2025. Here’s a summary of the key figures from their Q1 report:
| Particulars | 30-06-2024 (Unaudited) | 31-03-2024 (Audited) | QoQ Change |
|---|---|---|---|
| Sales/Income from Operations | ₹4,469.62 lakhs | ₹5,215.84 lakhs | -14.3% |
| Other Income | ₹91.24 lakhs | ₹60.08 lakhs | +51.9% |
| Total Income | ₹4,560.85 lakhs | ₹5,275.92 lakhs | -13.6% |
| Total Expense | ₹4,026.94 lakhs | ₹4,582.66 lakhs | -12.1% |
| Profit (+)/Loss (-) from Ordinary Activities | ₹533.91 lakhs | ₹693.26 lakhs | -22.9% |
| Profit (+)/Loss (-) Before Tax | ₹533.91 lakhs | ₹693.26 lakhs | -22.9% |
| Tax Expense | ₹122.81 lakhs | ₹162.07 lakhs | -24.2% |
| Profit (+)/Loss (-) for the Period | ₹411.10 lakhs | ₹531.19 lakhs | -22.6% |
| Total Comprehensive Income | ₹394.25 lakhs | ₹377.84 lakhs | +4.3% |
| Paid-up Equity Share Capital | ₹1,615.48 lakhs | ₹1,615.48 lakhs | 0% |
| Earnings Per Share (Basic) | ₹2.54 | ₹3.29 | -22.7% |
| Earnings Per Share (Diluted) | ₹2.54 | ₹3.29 | -22.7% |
Source: Here
Axtel Industries Current Market Overview
Axtel Industries is currently trading at ₹519 per share with a market capitalization of ₹839 crore. The stock has a Price-to-Earnings (P/E) ratio of 27.1, indicating its valuation relative to earnings. The company offers a dividend yield of 1.21%, which provides some income to investors.
Axtel has shown strong financial performance with a high Return on Capital Employed (ROCE) of 40.7% and a solid Return on Equity (ROE) of 29.4%. The share price has fluctuated between ₹380 and ₹850 recently, reflecting its market volatility.
| Metric | Value |
|---|---|
| Current Price | ₹519 |
| Market Capitalization | ₹839 Cr |
| High / Low | ₹850 / ₹380 |
| Stock P/E | 27.1 |
| Book Value | ₹70.0 |
| Dividend Yield | 1.21% |
| ROCE (Return on Capital Employed) | 40.7% |
| ROE (Return on Equity) | 29.4% |
| Face Value | ₹10.0 |
| Stock Exchange Listing | BSE: 523850 |
Quarterly Results
Here is a summary of Axtel Industries' quarterly results for the most recent periods:
| Metric | Dec 2023 | Mar 2024 | Jun 2024 |
|---|---|---|---|
| Sales | 53.79 | 52.16 | 44.70 |
| Expenses | 41.11 | 44.44 | 39.22 |
| Operating Profit | 12.68 | 7.72 | 5.48 |
| OPM % | 23.57% | 14.80% | 12.26% |
| Other Income | 0.75 | 0.60 | 0.91 |
| Interest | 0.49 | 0.40 | 0.18 |
| Depreciation | 0.77 | 0.98 | 0.87 |
| Profit Before Tax | 12.17 | 6.94 | 5.34 |
| Tax % | 21.20% | 23.34% | 23.03% |
| Net Profit | 9.58 | 5.31 | 4.11 |
| EPS (₹) | 5.93 | 3.29 | 2.54 |
About Axtel Industries
Axtel Industries is a company specializing in custom-designed food processing plants and machinery. Established in 1991, Axtel offers a range of solutions that cater to various stages of the food processing value chain, from handling raw ingredients to final product processing.
With over 25 years of experience, Axtel focuses on creating tailored solutions that enhance profitability, sustainability, and reliability for its clients. The company's expertise in process engineering and manufacturing ensures that they meet specific customer needs effectively.
Check our website for more Q1 results.
Axtel Industries Q1 Results - FAQs
1. What is the total income reported by Axtel Industries for Q1 2024?
Axtel Industries reported a total income of ₹4,560.85 lakhs for Q1 2024.
2. How much did Axtel Industries' sales decrease in Q1 2024?
Axtel Industries' sales decreased by 14.3% in Q1 2024.
3. What was the total expense for Axtel Industries in Q1 2024?
Axtel Industries' total expense was ₹4,026.94 lakhs in Q1 2024.
4. How did Axtel Industries' profit from ordinary activities change in Q1 2024?
Axtel Industries' profit from ordinary activities decreased to ₹533.91 lakhs in Q1 2024.
5. What is the profit after tax for Axtel Industries in Q1 2024?
Axtel Industries' profit after tax was ₹411.10 lakhs in Q1 2024.
6. How much did Axtel Industries' other income increase by in Q1 2024?
Axtel Industries' other income increased by 51.9% in Q1 2024.
7. What was the earnings per share (EPS) for Axtel Industries in Q1 2024?
Axtel Industries' EPS was ₹2.54 in Q1 2024.
8. Did Axtel Industries experience a rise in total comprehensive income in Q1 2024?
Yes, Axtel Industries' total comprehensive income rose to ₹394.25 lakhs in Q1 2024.