NewsEarningsGanga Papers India Reports Mixed Q1 Results with QoQ Revenue Growth but YoY DeclineGanga Papers India Reports Mixed Q1 Results with QoQ Revenue Growth but YoY Decline
Ganga Papers India Limited reported Q1 FY2024 results with total income from operations at ₹6,237.97 lakhs, up 5.10% QoQ but down 5.10% YoY. Net profit remained steady at ₹41.30 lakhs. The company's EPS stood at ₹0.29 with an equity share capital of ₹1,078.89 lakhs. The Board approved these results on August 13, and the company published them in newspapers on August 14, complying with SEBI regulations.
*this image is generated using AI for illustrative purposes only.
Ganga Papers India Limited, a Pune-based paper manufacturing company, has reported a mixed performance for the first quarter. The company's financial results, approved by the Board of Directors on August 13, show growth in revenue compared to the previous quarter but a decline year-on-year.
Revenue Performance
For the quarter ended June 30, Ganga Papers India reported total income from operations of ₹6,237.97 lakhs. This represents a 5.10% increase quarter-on-quarter (QoQ) from ₹5,942.96 lakhs. However, the company experienced a 5.10% year-on-year (YoY) decline from ₹6,576.32 lakhs in the same quarter of the previous year.
Profitability
The company's net profit for Q1 remained steady at ₹41.30 lakhs. This figure is unchanged compared to both the previous quarter and the same quarter last year, indicating consistent profitability despite fluctuations in revenue.
Key Financial Metrics
| Metric | Value |
|---|---|
| Earnings Per Share (EPS) | ₹0.29 |
| Equity Share Capital | ₹1,078.89 lakhs |
Board Approval and Disclosure
The financial results were approved by the Board of Directors in their meeting held on August 13. In compliance with regulatory requirements, Ganga Papers India Limited published newspaper advertisements on August 14, pertaining to the approved unaudited financial results for the quarter ended June 30.
Transparency and Compliance
As per the LODR (Listing Obligations and Disclosure Requirements) data, the company has adhered to Regulation 47(1)(a) of SEBI Listing Regulations by publishing the financial results in the following newspapers:
- Financial Express - English edition with nationwide circulation
- Mumbai Lakshdeep - Pune edition in English
The company has also made these results available on its website at https://www.gangapapers.in/ , ensuring transparency and easy access for investors and stakeholders.
While the company has shown resilience in maintaining its profit levels, the year-on-year decline in revenue might be a point of concern for investors. The quarter-on-quarter growth, however, suggests a potential recovery trend that stakeholders will likely monitor in the coming quarters.
Ganga Papers India Limited continues to navigate the challenges in the paper manufacturing sector, balancing its performance amidst market fluctuations.
Historical Stock Returns for Ganga Papers
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | 0.0% | -0.32% | -10.65% | +6.07% | +294.73% |
15
