Galaxy Agrico Exports Q1 Results Achieves ₹103.42 crores of Income

Galaxy Agrico Exports Q1 Results

Galaxy Agrico Exports made ₹96.96 crores from its main operations, which is more than the ₹81.69 crores it earned in the March 2024 quarter. However, it’s still lower than the ₹129.63 crores earned in the June 2023 quarter. Including other income, which was ₹6.46 crores in June 2024, the total income for the company was ₹103.42 crores, an improvement from ₹87.65 crores in March 2024, but again lower than the ₹139.27 crores from June 2023.

Galaxy Agrico Exports didn't make any purchases of stock-in-trade this quarter, but in March 2024, it spent ₹257.62 crores on it. Employee expenses, finance costs, and depreciation also reduced compared to last year. The total expenses for this quarter were ₹96.86 crores, slightly lower than the previous quarter's ₹101.88 crores.

Galaxy Agrico Exports made a profit of ₹6.56 crores before tax for June 2024, compared to a loss of ₹14.22 crores in March 2024. After tax, the profit was ₹4.74 crores for June 2024. The earnings per share for this period stood at ₹0.17, which is an improvement from the loss of ₹0.53 per share in the last quarter.

Here’s the financial data in a table format:

Source: Here 

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Galaxy Agrico Exports Stock Metrics

Galaxy Agrico Exports has a market capitalization of ₹17.7 crore, which shows the total value of the company’s stock in the market. Its current stock price is ₹65, and over the past year, the highest price reached was ₹66, while the lowest was ₹23.5. The book value per share, which indicates the company's net asset value, is ₹15.1. The dividend yield is 0%, meaning the company currently doesn't pay dividends to shareholders. 

Here is the information in table format:

Quarterly Results 

Galaxy Agrico Exports table shows the financial performance over different quarters from December 2023 to June 2024. In December 2023, the company had sales of 3.92 crores and expenses of 3.72 crores, which resulted in a small operating profit of 0.20 crores. However, their net profit was only 0.10 crores. Moving to March 2024, both sales and operating profit dropped, leading to a net loss of 0.15 crores. By June 2024, sales improved slightly to 0.97 crores, and the company made a modest profit of 0.05 crores.

The provided table shows the quarterly financial results of a company over several periods.

(Rs. Crores)

Here is the version of the data with only the details for Dec 2023, Mar 2024, and Jun 2024:

About Galaxy Agrico Exports 

Galaxy Agrico Export is a company that started in 1992-93 and quickly became well-known in the field of agriculture, gardening, and industrial tools. It is now a Public Company and has the largest production capacity in India for making tools like hoes, picks, shovels, spades, and garden tools, all under the brand name "GALAXY." The company exports 100% of its products to over 39 countries, including Europe, the USA, and various countries in Africa and the Middle East.

Galaxy Agrico focuses on producing high-quality products using advanced technology, like single-piece forging and powder coating. They ensure quality by checking every stage of production. The company has received many awards for its export success, including the Highest Exporters Trophy from the Engineering Export Promotion Council. With a dedicated team, Galaxy Agrico continues to grow and innovate to meet the needs of customers worldwide.