Yashraj Containeurs Q1 Results Decline at a Total Revenue of ₹0.35 crores & Net Income ₹0.49 crores

Yashraj Containeurs Q1 Results: The Yashraj Containeurs Q1 2024 results show several important changes when compared year-over-year (YoY) and quarter-on-quarter (QoQ). The total revenue for the June 2024 quarter was ₹0.35 crores, which is a 19.16% decrease YoY from ₹0.43 crores in June 2023, and a 35.42% drop QoQ from ₹18.61 crores in March 2023. This means the company earned less money in this quarter compared to both last year and the previous quarter.

Yashraj Containeurs’ selling, general, and administrative expenses also decreased, showing a 46.87% drop YoY to ₹0.34 crores from ₹0.65 crores in June 2023, and a 15.28% decline QoQ from ₹0.77 crores in March 2023. Similarly, other operating expenses were down 83.34% QoQ and 59.17% YoY, meaning the company spent much less on its operations compared to the last quarter and year.

Yashraj Containeurs’ operating income was negative at -₹0.48 crores, showing a 49.11% improvement YoY from -₹0.94 crores in June 2023 but a 54.83% drop QoQ from ₹4.07 crores in March 2023. Finally, the net income improved 100% YoY to ₹0.49 crores from -₹1.56 crores in June 2023, even though it fell from ₹3.85 crores in the last quarter. Despite these challenges, the company still managed to stay profitable this quarter.

Here is a summary of Yashraj Containeurs Q1 2024 Results:

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Yashraj Containeurs Q1 Results

Yashraj Containeurs' financial results for the quarter ending June 30, 2024, show a mix of improvements and challenges. The company's total income for the quarter was ₹131.93 lakhs, which is higher than the previous quarter’s ₹119.30 lakhs but lower than the same period last year (₹139.44 lakhs). The income includes revenue from operations and other income. Although income from operations was ₹35.11 lakhs, down from ₹43.43 lakhs in the previous year’s quarter, the company earned ₹96.82 lakhs from other sources, which helped boost overall income.

On the expenses side, the company spent ₹83.38 lakhs, a significant decrease from ₹261.61 lakhs in the last quarter. This reduction in expenses is due to lower employee benefit costs and finance costs. However, the finance cost, which includes interest payments, was still a factor, although it was much lower at ₹0.68 lakhs compared to the previous quarter’s ₹101.88 lakhs.

Despite these expenses, Yashraj Containeurs reported a profit of ₹48.55 lakhs for the quarter, a major improvement compared to the losses seen in previous periods. The company had recorded a loss of ₹142.31 lakhs in the last quarter and ₹156.48 lakhs in the same quarter last year. This positive result shows that the company is recovering from past challenges.

Here is a simplified version of Yashraj Containeurs' unaudited financial results for the quarter ending 30th June 2024:

(Figures in Lakhs)

Yashraj Containeurs Stock Performance

The table shows key financial details of Yashraj Containeurs, a small company with a market capitalization of ₹14.1 crore. Its current stock price is ₹8.29, meaning each share costs this much. Over the past year, the stock price has fluctuated between a high of ₹13.2 and a low of ₹7.50. The book value is negative, at ₹-49.4, indicating the company's assets may not cover its liabilities. The company doesn't pay dividends, as its dividend yield is 0.00%. 

Here is the data you shared in a structured format:

Quarterly Results 

The table for Yashraj Containers shows the company's financial performance over three quarters: December 2023, March 2024, and June 2024. In December, the company made a small amount in sales (0.34 crores) but had higher expenses (0.89 crores), resulting in an operating loss of 0.55 crores. By March, sales increased to 0.54 crores, but expenses also rose to 1.53 crores, leading to a larger loss of 0.99 crores. 

Here’s the financial data for Dec 2023, Mar 2024, and Jun 2024:

(Figures in Rs. Crores)

About Yashraj Containeurs 

Yashraj Containeurs started its journey in 1993 by manufacturing metal barrels with a capacity of 180-235 liters. Over the years, the company has grown into one of the largest manufacturers of industrial packaging solutions in India. Yashraj produces a wide variety of steel barrels in different sizes and thicknesses, offering internal and external coatings and other customizable features to meet various needs. The company’s growth is driven by its dedication to new technology, continuous improvement, and high ethical standards.

Yashraj’s commitment to customer satisfaction is central to its success. By using the latest technology and maintaining strict quality control, the company has earned ISO, BIS, and UN certifications. These certifications highlight Yashraj’s focus on quality products and services. One of Yashraj’s strengths is its easy access to raw materials and customer-ready markets, which allows them to operate efficiently. The company runs fully automated plants with modern technologies and has implemented advanced quality management systems.

With a strong focus on ethics and customer service, Yashraj continues to grow and improve. Its long-standing relationships with satisfied customers reflect the company's commitment to excellence. Today, Yashraj Containeurs is a leader in industrial packaging, known for innovation and quality.