Ashnisha Industries Reports 49% Surge in Q1 Profit, Revenue Dips
Ashnisha Industries Limited, a steel trading and chemical activities company, reported a 49% increase in standalone profit to ₹5.81 lakhs in Q1, despite a revenue decline to ₹34.50 lakhs. Consolidated profit more than doubled to ₹12.20 lakhs. The company's total income, including other income, stood at ₹56.28 lakhs. Steel trading segment generated ₹34.50 lakhs in revenue with ₹0.09 lakhs in results. Consolidated performance showed significant growth in other income to ₹50.28 lakhs, bringing total consolidated income to ₹84.78 lakhs. The company maintains a strong balance sheet with ₹1010.00 lakhs in paid-up equity share capital and ₹5060.50 lakhs in consolidated other equity.
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Ashnisha Industries Limited, a company engaged in steel trading and chemical activities, has reported a significant increase in profit for the first quarter, despite a decline in revenue.
Financial Highlights
- Standalone profit rose to ₹5.81 lakhs, up 49% from ₹3.89 lakhs in the same quarter last year
- Revenue from operations decreased to ₹34.50 lakhs from ₹41.81 lakhs year-over-year
- Total income, including other income, stood at ₹56.28 lakhs
- Consolidated profit more than doubled to ₹12.20 lakhs from ₹5.08 lakhs in the previous year's quarter
Segment Performance
| Segment | Revenue (₹ in Lakhs) | Results (₹ in Lakhs) |
|---|---|---|
| Steel Trading | 34.50 | 0.09 |
| Trading of Goods | 0.00 | 0.00 |
| Others | 0.00 | 21.78 |
Key Financial Metrics
- Basic and Diluted EPS (standalone): ₹0.01 per share
- Basic and Diluted EPS (consolidated): ₹0.01 per share
Business Operations
Ashnisha Industries Limited primarily operates in steel trading and chemical activities. The company's performance this quarter shows resilience in profitability despite challenging market conditions affecting revenue.
Consolidated Performance
On a consolidated basis, which includes the performance of its subsidiary Adzillow Private Limited, Ashnisha Industries showed even stronger growth:
- Consolidated revenue from operations remained at ₹34.50 lakhs
- Other income significantly increased to ₹50.28 lakhs
- Total consolidated income reached ₹84.78 lakhs
Balance Sheet Strength
The company maintains a strong balance sheet position:
- Paid-up equity share capital: ₹1010.00 lakhs (face value of ₹1/- each)
- Consolidated other equity as of the last financial year end: ₹5060.50 lakhs
Segment-wise Capital Employed
| Segment | Capital Employed (₹ in Lakhs) |
|---|---|
| Steel Operation | 505.30 |
| Trading of Software, Electronic and IT Product | 446.71 |
| Trading of Goods | 0.95 |
| Other Unallocable | 5129.74 |
| Total | 6082.70 |
The financial results demonstrate Ashnisha Industries' ability to improve profitability despite revenue challenges. The significant increase in other income on a consolidated basis has contributed to the overall positive performance for the quarter.
Investors and stakeholders may find encouragement in the company's profit growth, particularly in the consolidated figures, which suggest that its subsidiary operations are adding value to the group's performance.
Historical Stock Returns for Ashnisha Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.66% | -0.66% | -7.41% | -14.77% | -46.71% | +669.23% |
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