Ambika Cotton Mills Q1 Profit Up 3.76% Despite Dip In Revenue
Ambika Cotton Mills announced its Q1 FY25 results on August 9, 2024, reporting a mixed performance. The company’s revenue declined by 5.79% year-on-year (YoY), but profit increased by 3.76% YoY. On a quarter-on-quarter (QoQ) basis, revenue saw a modest growth of 1.6%, while profit surged by 33.81%.
The company also reported a slight increase in selling, general and administrative (SG&A) expenses, which rose by 1.17% QoQ but decreased by 4.26% YoY, reflecting Ambika Cotton Mills’ efforts to control operational costs.
Operating income showed significant improvement, increasing by 21.61% QoQ and an impressive 53.1% YoY, underscoring the company’s operational efficiency and effective cost management.
Earnings Per Share (EPS) for the quarter stood at Rs 37.61, marking a 3.78% YoY increase, highlighting the company’s ability to deliver higher earnings for shareholders.
Despite a -3.76% stock return over the last week, Ambika Cotton Mills has provided a solid 15.03% return over the past six months and a 13.92% Year-To-Date (YTD) return.
With a market capitalization of Rs 1,120.61 crore, the company’s stock has traded within a 52-week range of Rs 1,385.65 to Rs 2,197.65.
Key Financial Highlights:
- Total Revenue: Rs 209.09 crore (Q1 FY25) vs. Rs 221.95 crore (Q1 FY24) | -5.79% YoY
- SG&A Expenses: Rs 13.02 crore (Q1 FY25) vs. Rs 13.6 crore (Q1 FY24) | -4.26% YoY
- Operating Income: Rs 28.14 crore (Q1 FY25) vs. Rs 18.38 crore (Q1 FY24) | +53.1% YoY
- Net Income: Rs 21.53 crore (Q1 FY25) vs. Rs 20.75 crore (Q1 FY24) | +3.76% YoY
- EPS: Rs 37.61 (Q1 FY25) vs. Rs 36.24 (Q1 FY24) | +3.78% YoY
Ambika Cotton Mills continues to demonstrate resilience and strong financial management, positioning itself for future growth.
