Saptarishi Agro Industries Q1 Results a YoY Comparison of ₹5.98 Crores Revenue

Saptarishi Agro Industries Q1 Results: In Q1 Jun 24, the total revenue was ₹5.98 crores, which is lower than ₹12.79 crores in Mar 23. This decline indicates a significant decrease when looking at the quarter-on-quarter (QoQ) results. Also, compared to last year, in Jun 23, the revenue was ₹4.45 crores, showing an increase YoY. This means the company had a better performance last year compared to this year.

Saptarishi Agro Industries’ total operating expenses were ₹5.79 crores in Jun 24, which is lower than ₹12.43 crores in Mar 23. When looking at YoY, the expenses were ₹4.43 crores last year, showing a decrease in the company's costs compared to the previous quarter (QoQ).

Saptarishi Agro Industries’ Net income before taxes was ₹0.07 crores in Jun 24, down from ₹0.45 crores in Mar 23, reflecting a drop QoQ. However, it matched last year's net income of ₹0.02 crores, indicating no growth YoY. Overall, the results show that Saptarishi Agro Industries is facing challenges compared to both last quarter and last year.

Here are the Q1 financial results for Saptarishi Agro Industries, presented in a simple table format:

Source: Here 

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Saptarishi Agro Industries Q1 Results

The Saptarishi Agro Industries financial statement for provides a detailed overview of the company's performance for different periods. For the three months ending on June 30, 2024, the company reported net sales of 598.48 lakhs, which is significantly lower than 1586.44 lakhs in the previous quarter. This drop in sales may indicate challenges in the market or reduced demand for their products. However, the total income from operations for this quarter is 598.48 lakhs, showing that the company is still generating revenue.

Saptarishi Agro Industries expenses for this period total 591.51 lakhs, which includes various costs such as employee salaries and other operational costs. The profit before tax for this quarter is 6.97 lakhs, reflecting that the company is still profitable, although less so compared to the previous quarter's profit of 218.70 lakhs. After accounting for tax expenses, the net profit for June 2024 is 6.97 lakhs, compared to 179.19 lakhs in the prior quarter. The earnings per share (EPS) is 0.02 for the latest quarter, down from 0.53 in the previous one. This statement shows that while the company is facing challenges, it is managing to remain profitable.

Here’s a simplified presentation of the financial statement you provided, formatted in a clear table. 

(in Rupees Lakhs) 

Saptarishi Agro Industries Financial Performance

Saptarishi Agro Industries is a company with a market capitalization of ₹127 crore, indicating its total value in the stock market. The current stock price is ₹37.4, and it has seen a high of ₹52.6 and a low of ₹14.0 over a certain period. The stock's price-to-earnings (P/E) ratio is 60.8, which suggests that investors are willing to pay a high price for its earnings. The book value is ₹2.16, meaning each share's net worth is ₹2.16. 

Here’s the information you provided in a table format:

Quarterly Results 

Saptarishi Agro Industries' quarterly results show how the company performed financially over the specified periods. In December 2023, the company made sales of 15.70 crores but saw a decrease in June 2024, dropping to 5.98 crores. Their expenses were 15.53 crores in December 2023 and decreased to 5.79 crores by June 2024. The operating profit, which indicates how much money the company made from its core business, increased significantly to 2.22 crores in March 2024 but fell again to 0.19 crores in June 2024. 

Here’s the quarterly results data focusing on the specified periods: December 2023, March 2024, and June 2024.

(Figures in Rs. Crores)

About Saptarishi Agro Industries 

Saptarishi Agro Industries is a company that grows and sells mushrooms and other agricultural products. They focus on creating a complete system for mushroom farming and exotic fruits and vegetables. Their products include different types of mushrooms, such as button, shiitake, milky, and oyster mushrooms. They also offer fresh produce like cherry tomatoes, broccoli, red cabbage, sweet peppers, and leeks. The company aims to provide high-quality products to customers while supporting sustainable farming practices. By developing a strong business model, Saptarishi Agro Industries is committed to improving the agriculture industry and meeting the needs of consumers.