C.J. Gelatine Products Limited Reports Profit in Q1, Reversing Previous Losses
CJ Gelatine Products Limited has reported a significant financial turnaround in Q1 FY2024. Despite a 6.9% decrease in total income to Rs. 126.42 lakhs, the company swung to a net profit after tax of Rs. 7.32 lakhs, compared to a loss of Rs. 14.09 lakhs in the same quarter last year. The company's EPS improved to Rs. 1.83 from a negative Rs. 3.52. This performance improvement is attributed to better cost management and operational efficiency.
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CJ Gelatine Products , a key player in the gelatine industry, has reported a significant turnaround in its financial performance for the first quarter. The company's unaudited financial results, released on August 14, show a marked improvement across key metrics, despite a slight decline in revenue.
Financial Highlights
For the quarter ended June 30, CJ Gelatine Products Limited reported:
| Metric | Q1 (Current) | Q1 (Previous Year) | Change |
|---|---|---|---|
| Total income from operations | Rs. 126.42 lakhs | Rs. 135.82 lakhs | -6.9% |
| Net profit before tax | Rs. 7.27 lakhs | Rs. -12.43 lakhs | - |
| Net profit after tax | Rs. 7.32 lakhs | Rs. -14.09 lakhs | - |
| Total comprehensive income | Rs. 7.66 lakhs | Rs. -13.92 lakhs | - |
| Earnings per share (EPS) | Rs. 1.83 | Rs. -3.52 | - |
Performance Analysis
Despite the 6.9% decrease in total income from operations, CJ Gelatine Products Limited has managed to turn its bottom line from red to black. This turnaround can be attributed to:
- Better cost management
- Improved operational efficiency
- Successful implementation of cost-cutting measures
- Potentially improved pricing strategies or product mix
The company's ability to generate profit despite lower revenue demonstrates effective financial management in a challenging economic environment.
Market Communication
The financial results were published in The Free Press Journal (English) and Nav Shakti (Marathi) on August 15, as per regulatory requirements.
Future Outlook
While the company has shown a remarkable improvement in profitability, the decline in revenue may be an area of focus for management in the coming quarters. Key factors to watch include:
- Ability to maintain profitability
- Efforts to reverse the trend in revenue decline
- Market conditions and demand for gelatine products
- Continued operational efficiencies
Investors and stakeholders will likely monitor these aspects closely to assess the company's future performance and growth potential.
Historical Stock Returns for CJ Gelatine Products
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.72% | +10.98% | +3.69% | +17.55% | -31.35% | +18.87% |
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