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- Quasar India Q1 Results Total Income ₹11.24 Crores & Operating Profit ₹1.04 Crores
Quasar India Q1 Results Total Income ₹11.24 Crores & Operating Profit ₹1.04 Crores
Quasar India's Q1 Results reported a Total Income of ₹11.24 crores, up significantly from the previous quarter and Operating Profit was ₹1.04 crores, showing a major improvement.
by Ruksana
Updated Sep 13, 2024
Table of Content
Quasar India Growth Overview
Quasar India Q1 Results: In Quasar India's Q1 results for June 2024, Quasar India saw significant improvements across several financial metrics compared to both the previous quarter and the same quarter from the previous year. Year-over-year (YoY), the total revenue increased by 24.76%, reaching 11.24 crores compared to 9.01 crores in June 2023. This is a clear sign of growth. Quarter-on-quarter (QoQ), from March 2023 to June 2024, revenue surged by a staggering 933.94%, which shows a remarkable jump from 1.09 crores to 11.24 crores.
Quasar India’s Operating income and net income before taxes also experienced substantial growth. Year-over-year (YoY), these figures increased by 2.39% and 2.41%, respectively. However, when comparing the previous quarter (March 2023) to the current quarter (June 2024), operating income and net income before taxes showed an impressive rise of over 1300%.
Quasar India’s Net income grew by 196.15% QoQ, from 0.26 crores in March 2023 to 0.77 crores in June 2024. The diluted normalized EPS, a measure of profitability, increased by 191.84% compared to the previous quarter and 2.14% YoY. Overall, Quasar India’s results reflect strong financial performance both quarter-on-quarter (QoQ) and year-over-year (YoY).
Here's a simplified summary of Quasar India's Q1 Results:
|
Metric |
Jun 24 |
Mar 23 |
QoQ Change |
Jun 23 |
YoY Change |
|
Total Revenue |
11.24 Crores |
1.09 Crores |
+933.94% |
9.01 Crores |
+24.76% |
|
Selling/General/Admin Expenses Total |
0.02 Crores |
0.00 Crores |
- |
0.00 Crores |
- |
|
Other Operating Expenses Total |
0.05 Crores |
0.15 Crores |
-66.67% |
0.00 Crores |
- |
|
Total Operating Expense |
10.20 Crores |
0.87 Crores |
+21.89% |
8.00 Crores |
+27.59% |
|
Operating Income |
1.04 Crores |
0.22 Crores |
+1348.60% |
1.01 Crores |
+2.39% |
|
Net Income Before Taxes |
1.04 Crores |
0.20 Crores |
+1348.60% |
1.01 Crores |
+2.41% |
|
Net Income |
0.77 Crores |
0.26 Crores |
+196.15% |
0.75 Crores |
+2.40% |
|
Diluted Normalized EPS |
1.43 |
0.49 |
+191.84% |
1.40 |
+2.14% |
Source: Here
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Quasar India Q1 Results
Quasar India’s financial table shows its performance over several periods. For the quarter ending June 30, 2024, Quasar India made Rs. 1124.12 lacs from operations. This is higher compared to the previous quarter's revenue of Rs. 844.29 lacs and also higher than the Rs. 901.02 lacs earned in the same quarter a year ago. The total income, which includes all sources of revenue, remains the same as the revenue from operations because there was no other income reported.
Quasar India’s expenses for this quarter were Rs. 1020.40 lacs. This includes costs for buying stock-in-trade, which were Rs. 1013.54 lacs. Other expenses include very small amounts for employee benefits and depreciation. There were no costs for materials consumed or finance costs, and no changes in stock inventories. Compared to the previous quarter's expenses of Rs. 837.13 lacs and the same quarter last year, this is slightly higher.
Quasar India’s made a profit before tax of Rs. 103.72 lacs this quarter, which is significantly better than the Rs. 7.16 lacs profit in the previous quarter. After deducting taxes of Rs. 26.97 lacs, the net profit for the quarter was Rs. 76.75 lacs. This shows an improvement from the loss of Rs. 4.31 lacs in the previous quarter. There were no extraordinary items or other comprehensive income, so the total comprehensive income was the same as the net profit. The earnings per share from continuing operations were Rs. 1.43, up from a loss of Rs. 0.08 in the previous quarter.
Here is a simplified summary of the financial results you provided:
Quarterly Financial Results (Rs. in lacs)
|
Sr No |
Particulars |
June 30, 2024 (Un-Audited) |
March 31, 2024 (Audited) |
Preceding Quarter ended June 30, 2023 |
Figures for March 31, 2024 |
|
1 |
Revenue From Operations |
1124.12 |
844.29 |
901.02 |
3645.74 |
|
(a) |
Revenue from Operations |
1124.12 |
844.29 |
901.02 |
3645.74 |
|
(b) |
Other Income |
0.00 |
0.00 |
0.00 |
0.00 |
|
Total Income (Net) |
1124.12 |
844.29 |
901.02 |
3645.74 |
|
|
2 |
Expenses |
||||
|
(a) |
Cost of Materials Consumed |
0.00 |
0.00 |
0.00 |
0.00 |
|
(b) |
Purchases of Stock-in-trade |
1013.54 |
821.34 |
799.71 |
3392.54 |
|
(c) |
Changes in inventories of Stock-in-Trade |
0.00 |
0.00 |
0.00 |
0.00 |
|
(d) |
Employee benefits expenses |
2.30 |
0.30 |
0.00 |
0.30 |
|
(e) |
Finance Cost |
0.00 |
0.00 |
0.00 |
0.00 |
|
(f) |
Depreciation and Amortization Expenses |
4.56 |
(0.03) |
0.01 |
0.01 |
|
(g) |
Other Expenses |
0.00 |
15.53 |
0.00 |
15.78 |
|
Total Expenses |
1020.40 |
837.13 |
799.73 |
3408.63 |
|
|
3 |
Profit/(Loss) before Exceptional and Extraordinary items and tax (1-2) |
103.72 |
7.16 |
101.29 |
237.11 |
|
4 |
Exceptional Items |
0.00 |
0.00 |
0.00 |
0.00 |
|
5 |
Profit/(Loss) before Extraordinary items and tax (3-4) |
103.72 |
7.16 |
101.29 |
237.11 |
|
6 |
Extraordinary Items |
0.00 |
0.00 |
0.00 |
0.00 |
|
7 |
Profit Before Tax (5-6) |
103.72 |
7.16 |
101.29 |
237.11 |
|
8 |
Tax Expenses |
||||
|
(a) |
Current Tax |
26.97 |
3.29 |
26.33 |
63.08 |
|
(b) |
Deferred Tax |
0.00 |
8.18 |
0.00 |
8.18 |
|
Total Tax Expenses |
26.97 |
11.47 |
26.33 |
71.26 |
|
|
9 |
Net Profit/(Loss) for the period from continuing Operations (7-8) |
76.75 |
(4.31) |
74.95 |
165.85 |
|
10 |
Profit (Loss) from Discontinuing operations before Tax |
0.00 |
0.00 |
0.00 |
0.00 |
|
11 |
Tax Expenses of Discontinuing Operations |
0.00 |
0.00 |
0.00 |
0.00 |
|
12 |
Net Profit/(Loss) from Discontinuing operations after Tax (10-11) |
76.75 |
(4.31) |
74.95 |
165.85 |
|
13 |
Share of Profit (Loss) of associates and Joint Ventures accounted for using equity method |
0.00 |
0.00 |
0.00 |
0.00 |
|
14 |
Net Profit (Loss) for the period (12+13) |
76.75 |
(4.31) |
74.95 |
165.85 |
|
15 |
Other comprehensive income, net of income tax |
||||
|
(a) |
i) Amount of item that will not be reclassified to profit or loss |
0.00 |
0.00 |
0.00 |
0.00 |
|
(a) |
ii) Income tax relating to items that will not be reclassified to profit or loss |
0.00 |
0.00 |
0.00 |
0.00 |
|
(b) |
i) Item that will be reclassified to profit or loss |
0.00 |
0.00 |
0.00 |
0.00 |
|
(b) |
ii) Income tax relating to items that will be reclassified to profit or loss |
0.00 |
0.00 |
0.00 |
0.00 |
|
Total Other Comprehensive Income, net of Income Tax |
0.00 |
0.00 |
0.00 |
0.00 |
|
|
16 |
Total Comprehensive Income for the period |
76.75 |
(4.31) |
74.95 |
165.85 |
|
17 |
Details of Equity Share Capital |
||||
|
Paid-up Equity Share Capital |
535.25 |
535.25 |
535.25 |
535.25 |
|
|
Face Value of Equity Share Capital |
10.00 |
10.00 |
10.00 |
10.00 |
|
|
18 |
Details of Debt Securities |
||||
|
Paid-Up Debt Capital |
0.00 |
0.00 |
0.00 |
0.00 |
|
|
Face Value of Debt Securities |
0.00 |
0.00 |
0.00 |
0.00 |
|
|
19 |
Reserve excluding revaluation reserves as per balance sheet of previous accounting year |
0.00 |
0.00 |
0.00 |
259.91 |
|
20 |
Debenture Redemption Reserve |
0.00 |
0.00 |
0.00 |
0.00 |
|
21 |
Earnings per Share |
||||
|
i) Basic Earnings (Loss) per share from Continuing Operations |
1.43 |
(0.08) |
1.40 |
3.10 |
|
|
ii) Diluted Earnings (Loss) per share from Continuing Operations |
1.43 |
(0.08) |
1.40 |
3.10 |
|
|
iii) Basic Earnings (Loss) per share from Discontinuing Operations |
0.00 |
0.00 |
0.00 |
0.00 |
|
|
iv) Diluted Earnings (Loss) per share from Discontinuing Operations |
0.00 |
0.00 |
0.00 |
0.00 |
|
|
v) Basic Earnings (Loss) per share from Continuing and Discontinuing Operations |
1.43 |
(0.08) |
1.40 |
3.10 |
|
|
vi) Diluted Earnings (Loss) per share from Continuing and Discontinuing Operations |
1.43 |
(0.08) |
1.40 |
3.10 |
Quasar India Stock Metrics
The table shows key financial details about Quasar India. The company's market cap, which is the total value of all its shares, is ₹12.4 crore. Each share currently costs ₹23.2. Over the past period, the share price has reached as high as ₹34.2 and as low as ₹11.0. The stock's price-to-earnings ratio (P/E) is 7.37, indicating the price investors are willing to pay per unit of earnings. The book value, which represents the net worth per share, is ₹14.8.
Here's a summary of the financial information you provided:
|
Metric |
Value |
|
Market Cap |
₹ 12.4 Cr. |
|
Current Price |
₹ 23.2 |
|
High / Low |
₹ 34.2 / ₹ 11.0 |
|
Stock P/E |
7.37 |
|
Book Value |
₹ 14.8 |
|
Dividend Yield |
0.00 % |
|
ROCE |
32.7 % |
|
ROE |
22.4 % |
|
Face Value |
₹ 10.0 |
Quarterly Results
For Quasar India, the financial results for the quarters ending in December 2023, March 2024, and June 2024 show a pattern of increasing sales and profits. In December 2023, the company earned ₹8.74 crores in sales and had an operating profit of ₹0.25 crores with a profit margin of 2.86%. By March 2024, sales were slightly lower at ₹8.44 crores, but the operating profit fell to ₹0.07 crores with a smaller profit margin of 0.83%.
Here are the details for the quarters of Dec 2023, Mar 2024, and Jun 2024:
|
Metric |
Dec 2023 |
Mar 2024 |
Jun 2024 |
|
Sales (Rs. Crores) |
8.74 |
8.44 |
11.24 |
|
Expenses (Rs. Crores) |
8.49 |
8.37 |
10.16 |
|
Operating Profit (Rs. Crores) |
0.25 |
0.07 |
1.08 |
|
OPM (%) |
2.86% |
0.83% |
9.61% |
|
Other Income (Rs. Crores) |
0.00 |
0.00 |
0.00 |
|
Interest (Rs. Crores) |
0.00 |
0.00 |
0.00 |
|
Depreciation (Rs. Crores) |
0.00 |
0.00 |
0.05 |
|
Profit Before Tax (Rs. Crores) |
0.25 |
0.07 |
1.03 |
|
Tax (%) |
28.00% |
157.14% |
26.21% |
|
Net Profit (Rs. Crores) |
0.19 |
-0.04 |
0.77 |
|
EPS (Rs.) |
0.35 |
-0.07 |
1.44 |
About Quasar India
Quasar India was founded on April 18, 1979. The company is involved in buying and selling a wide range of goods and materials. They operate both in retail and wholesale markets, meaning they sell products directly to customers and also supply to other businesses. Their trading includes various items like metals (iron, steel, gold, silver), minerals (coal, limestone, gypsum), and precious stones (diamonds, precious stones). They also deal in textiles (cloth, yarn, fabric) and other materials such as tupperware.
Quasar India invests in and manages financial assets. This includes buying and selling shares, stocks, commodities, and bonds. They also trade in derivatives, which are financial contracts whose value depends on the price of an underlying asset.
Quasar India has a broad business scope, covering both physical goods and financial investments. Their diverse activities show they are involved in many sectors, from raw materials to consumer products and financial markets.
Quasar India Q1 Results - FAQs
1. What was Quasar India’s total revenue for Q1 June 2024?
Quasar India’s total revenue for Q1 June 2024 was ₹11.24 Crores.
2. How much did Quasar India’s net income grow QoQ in June 2024?
Quasar India’s net income grew by 196.15% QoQ in June 2024.
3. What was Quasar India’s operating income for June 2024?
Quasar India’s operating income for June 2024 was ₹1.04 Crores.
4. How did Quasar India’s revenue in June 2024 compare to March 2024?
Quasar India’s revenue in June 2024 increased by 933.94% compared to March 2024.
5. What was the diluted normalized EPS for Quasar India in June 2024?
Quasar India’s diluted normalized EPS for June 2024 was ₹1.43.
6. How did Quasar India’s net income before taxes change YoY in June 2024?
Quasar India’s net income before taxes increased by 2.41% YoY in June 2024.
7. What were Quasar India’s total expenses in June 2024?
Quasar India’s total expenses in June 2024 were ₹1020.40 Lacs.
8. How did Quasar India’s net profit compare to the previous quarter?
Quasar India’s net profit in June 2024 was ₹76.75 Lacs, up from a loss of ₹4.31 Lacs in the previous quarter.
9. What was the operating profit margin (OPM) for Quasar India in June 2024?
Quasar India’s OPM in June 2024 was 9.61%.
10. How did Quasar India’s market cap change?
Quasar India’s market cap is ₹12.4 Crores.