Jagan Lamps Limited Maintains Profitability Despite 14.8% Revenue Decline in Q1
Jagan Lamps Limited, a manufacturer of lamps and lighting products, reported Q1 financial results. Total income from operations decreased by 14.8% to Rs. 896.10 lakhs, compared to Rs. 1052.40 lakhs in the previous year's Q1. However, net profit after tax remained stable at Rs. 37.14 lakhs. The company's earnings per share remained unchanged at 0.51. Despite the revenue decline, Jagan Lamps demonstrated resilience through effective cost management and operational efficiency in its single business segment of manufacturing and selling lamps and lighting products.
*this image is generated using AI for illustrative purposes only.
Jagan Lamps Limited , a manufacturer of lamps and lighting products, has reported its financial results for the first quarter. Despite facing a significant revenue decline, the company managed to maintain its profitability, showcasing resilience in challenging market conditions.
Financial Performance
Jagan Lamps Limited reported total income from operations of Rs. 896.10 lakhs for Q1, representing a 14.8% decline from Rs. 1052.40 lakhs in the corresponding quarter of the previous year. However, the company's net profit after tax remained stable at Rs. 37.14 lakhs, compared to Rs. 37.07 lakhs in the same period last year.
Key financial highlights for Q1:
| Particulars | Q1 (Current) | Q1 (Previous) | Change (%) |
|---|---|---|---|
| Total Income from Operations | 896.10 | 1052.40 | -14.8% |
| Net Profit Before Tax | 51.10 | 52.53 | -2.7% |
| Net Profit After Tax | 37.14 | 37.07 | +0.2% |
| Earnings Per Share | 0.51 | 0.51 | No change |
All financial figures in Rs. lakhs, except for Earnings Per Share
Business Segment and Operations
Jagan Lamps Limited operates in a single business segment, focusing on the manufacturing and selling of lamps and lighting products. The company's ability to maintain profitability despite the revenue decline suggests effective cost management and operational efficiency.
Financial Position
As of the last reported financial year-end, Jagan Lamps Limited reported:
- Paid-up equity share capital: Rs. 729.52 lakhs
- Reserves: Rs. 2508.75 lakhs
Investor Communication
In compliance with regulatory requirements, Jagan Lamps Limited has published extracts of its Unaudited Financial Results for the quarter in the Financial Express (English) and Jansata (Hindi) newspapers. This demonstrates the company's commitment to transparent communication with its stakeholders.
Investors and stakeholders can access the detailed financial results on the company's website ( www.jaganlamps.com ) and the BSE website ( www.bseindia.com ).
As the lighting industry continues to evolve, Jagan Lamps Limited's performance in the coming quarters will be closely watched by investors and industry analysts alike.
Historical Stock Returns for Jagan Lamps
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +6.62% | +5.03% | -10.37% | +12.36% | -8.48% | +345.22% |
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