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- Shree Ganesh Elastoplast Q1 Results Revenue of ₹870.85 lakhs and Net Profit of ₹113.04 lakhs
Shree Ganesh Elastoplast Q1 Results Revenue of ₹870.85 lakhs and Net Profit of ₹113.04 lakhs
Shree Ganesh Elastoplast Q1 Results show a 5.54% QoQ revenue increase to ₹8.71 Cr, net profits of ₹1.13 Cr, and a 12.97% net profit margin, Shree Ganesh Elastoplast Q1 Results reflect a strong YoY recovery.
by P Nandhini
Updated Sep 09, 2024
Table of Content
Shree Ganesh Elastoplast Q1 Results 2024 - 2025: Shree Ganesh Elastoplast announced their Q1 results for the fiscal year 2024-2025 on August 13, 2024. For the quarter ending June 30, 2024, the company reported a revenue of ₹870.85 lakhs, which represents an increase of 5.54% compared to the previous quarter’s revenue of ₹825.16 lakhs.
This growth shows a positive quarter-on-quarter (QoQ) performance. Additionally, the company achieved a profit before tax of ₹151.91 lakhs, a significant turnaround from the loss of ₹134.72 lakhs reported in Q4 of the previous fiscal year.
In terms of year-over-year (YoY) performance, Shree Ganesh Elastoplast's revenue for Q1 2024-2025 shows improvement compared to the same period last year. The net profit for this quarter stood at ₹113.04 lakhs, a strong recovery from a loss of ₹96.78 lakhs in Q1 of the previous year.
The QoQ results indicate effective management of expenses, with total expenses dropping from ₹961.53 lakhs in the last quarter to ₹719.30 lakhs in Q1. This successful financial quarter demonstrates the company’s resilience and strategic adjustments in its business operations.
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Shree Ganesh Elastoplast Q1 Results 2024 - 2025
Here is a summary of Shree Ganesh Elastoplast's Q1 results for the fiscal year 2024-2025:
| Particulars | 30-06-2024 | 31-03-2024 |
|---|---|---|
| Revenue from Operations | ₹870.85 lakhs | ₹825.16 lakhs |
| Other Income | ₹0.36 lakhs | ₹1.65 lakhs |
| Total Income | ₹871.21 lakhs | ₹826.81 lakhs |
| Expenses | ||
| Purchase of Stock in Trade | ₹1,153.65 lakhs | ₹400.09 lakhs |
| Changes in Inventories | -₹468.16 lakhs | ₹462.36 lakhs |
| Employees Benefit Expenses | ₹10.48 lakhs | ₹6.72 lakhs |
| Finance Cost | ₹1.04 lakhs | ₹6.71 lakhs |
| Depreciation and Amortisation | ₹4.72 lakhs | ₹4.70 lakhs |
| Other Expenses | ₹17.58 lakhs | ₹80.96 lakhs |
| Total Expenses | ₹719.30 lakhs | ₹961.53 lakhs |
| Profit Before Tax | ₹151.91 lakhs | -₹134.72 lakhs |
| Tax Expenses | ||
| Current Tax | ₹39.50 lakhs | -₹37.79 lakhs |
| Deferred Tax | -₹0.63 lakhs | -₹0.15 lakhs |
| Total Tax Expenses | ₹38.86 lakhs | -₹37.94 lakhs |
| Profit for the Period | ₹113.04 lakhs | -₹96.78 lakhs |
| Other Comprehensive Income-- | ||
| Total Comprehensive Income | ₹113.04 lakhs | -₹96.78 lakhs |
| Paid-up Equity Share Capital | ₹550.20 lakhs | ₹550.20 lakhs |
| Other Equity | ₹550.20 lakhs | ₹550.20 lakhs |
| Earnings Per Share | ||
| Basic | ₹2.05 | -₹1.76 |
| Diluted | ₹2.05 | -₹1.76 |
Source: Click Here
Shree Ganesh Elastoplast Current Market Overview
Shree Ganesh Elastoplast is currently trading at ₹33.4 per share on the Bombay Stock Exchange (BSE) under the code 530797. The company's market capitalization stands at ₹18.4 crore. The stock has seen a price range from a low of ₹10.9 to a high of ₹37.2.
With a price-to-earnings ratio of 8.17, the stock is considered relatively affordable based on its earnings. The company does not offer a dividend at this time, but it has strong financial metrics, with a return on capital employed (ROCE) of 38.6% and a return on equity (ROE) of 34.7%, indicating good profitability and efficient use of resources.
| Metric | Value |
|---|---|
| Current Price | ₹33.4 |
| Market Cap | ₹18.4 Cr. |
| High / Low Price | ₹37.2 / ₹10.9 |
| Stock P/E | 8.17 |
| Book Value | ₹10.0 |
| Dividend Yield | 0.00% |
| ROCE | 38.6% |
| ROE | 34.7% |
| Face Value | ₹10.0 |
Quarterly Results
Here is a summary of Shree Ganesh Elastoplast's financial results for the recent quarters:
The table below highlights the company's performance for the quarters ending December 2023, March 2024, and June 2024. It includes key financial metrics such as sales, expenses, operating profit, and net profit.
| Metric | Dec 2023 | Mar 2024 | Jun 2024 |
|---|---|---|---|
| Sales | 6.73 | 8.25 | 8.71 |
| Expenses | 4.92 | 9.50 | 7.13 |
| Operating Profit | 1.81 | -1.25 | 1.58 |
| Operating Profit Margin (OPM %) | 26.89% | -15.15% | 18.14% |
| Other Income | 0.00 | 0.02 | 0.00 |
| Interest | 0.00 | 0.07 | 0.01 |
| Depreciation | 0.02 | 0.05 | 0.05 |
| Profit Before Tax | 1.79 | -1.35 | 1.52 |
| Tax % | 20.11% | -28.15% | 25.66% |
| Net Profit | 1.42 | -0.97 | 1.13 |
| Earnings Per Share (EPS in Rs) | 2.58 | -1.76 | 2.05 |
About Shree Ganesh Elastoplast
Shree Ganesh Elastoplast is a company that began its operations in 1991 and was listed on the Bombay Stock Exchange in 1993. Initially focused on manufacturing, the company has since expanded into agri-trading.
With a vision to become a leading name in its business segment, Shree Ganesh Elastoplast aims to meet diverse market needs and achieve excellence in its field. Over the years, the company has diversified its operations and continues to strive for growth and innovation in its industry.
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Shree Ganesh Elastoplast Q1 Results - FAQs
1. What is Shree Ganesh Elastoplast’s revenue for Q1 2024-2025?
Shree Ganesh Elastoplast reported a revenue of ₹870.85 lakhs for Q1 2024-2025.
2. When were Shree Ganesh Elastoplast's Q1 results announced?
Shree Ganesh Elastoplast announced their Q1 results on August 13, 2024.
3. What was Shree Ganesh Elastoplast’s net profit for Q1 2024-2025?
Shree Ganesh Elastoplast’s net profit for Q1 2024-2025 was ₹113.04 lakhs.
4. How did Shree Ganesh Elastoplast perform compared to the previous quarter?
Shree Ganesh Elastoplast showed a revenue increase of ₹45.69 lakhs from the previous quarter.
5. What was Shree Ganesh Elastoplast’s profit before tax for Q1 2024-2025?
The profit before tax for Shree Ganesh Elastoplast was ₹151.91 lakhs for Q1 2024-2025.
6. What were the total expenses for Shree Ganesh Elastoplast in Q1 2024-2025?
Shree Ganesh Elastoplast’s total expenses were ₹719.30 lakhs in Q1 2024-2025.
7. What is the basic earnings per share for Shree Ganesh Elastoplast?
The basic earnings per share for Shree Ganesh Elastoplast is ₹2.05.
8. What was Shree Ganesh Elastoplast’s other income for Q1 2024-2025?
Shree Ganesh Elastoplast’s other income was ₹0.36 lakhs.
9. Did Shree Ganesh Elastoplast report a profit or loss for Q1 2024-2025?
Shree Ganesh Elastoplast reported a profit of ₹113.04 lakhs.
10. How much did Shree Ganesh Elastoplast spend on other expenses in Q1 2024-2025?
Shree Ganesh Elastoplast spent ₹17.58 lakhs on other expenses.