Uma Exports Reports Decline in Q1 Profits Amid Challenging Market Conditions
Uma Exports Limited, an agri-products company, reported a significant decrease in profits for Q1. Standalone net profit fell by 94.6% to Rs 25.08 lakhs, while revenue dropped 18.9% to Rs 29,996.05 lakhs compared to the same quarter last year. Consolidated results showed a 93.3% decrease in net profit to Rs 43.23 lakhs, with revenue declining 23.9% to Rs 30,032.91 lakhs. The company's EPS also saw a substantial reduction both on standalone and consolidated basis.
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Uma Exports Limited, a prominent player in the agri-products segment, has released its financial results for the first quarter, revealing a significant decline in profits compared to the same period last year.
Standalone Performance
The company's standalone financial results show a sharp decrease in net profit after tax, which stood at Rs 25.08 lakhs, down from Rs 461.41 lakhs in the corresponding quarter of the previous year. This represents a substantial decline of approximately 94.6% year-over-year.
Revenue from operations also saw a decrease, coming in at Rs 29,996.05 lakhs for the quarter, compared to Rs 36,986.47 lakhs in the same quarter last year, marking a decline of about 18.9%.
The basic earnings per share (EPS) for the quarter stood at Rs 0.07, significantly lower than the Rs 1.36 reported in the same quarter of the previous year.
Consolidated Results
On a consolidated basis, Uma Exports and its subsidiaries reported a net profit after tax of Rs 43.23 lakhs, compared to Rs 647.85 lakhs in the corresponding quarter last year, representing a decrease of approximately 93.3%.
The consolidated revenue from operations for the quarter was Rs 30,032.91 lakhs, down from Rs 39,464.73 lakhs in the same period last year, showing a decline of about 23.9%.
The consolidated basic EPS for the quarter was Rs 0.13, compared to Rs 1.92 in the same period last year.
Financial Highlights
| Particulars (in Rs. Lakhs) | Q1 (Standalone) | Q1 (Previous Year, Standalone) | Q1 (Consolidated) | Q1 (Previous Year, Consolidated) |
|---|---|---|---|---|
| Revenue from Operations | 29,996.05 | 36,986.47 | 30,032.91 | 39,464.73 |
| Net Profit After Tax | 25.08 | 461.41 | 43.23 | 647.85 |
| Basic EPS (in Rs.) | 0.07 | 1.36 | 0.13 | 1.92 |
Management Commentary
While the company did not provide specific management commentary in the financial results, the significant decline in profits and revenue suggests challenging market conditions in the agri-products segment during the quarter.
About Uma Exports Limited
Uma Exports Limited operates in the agri-products segment and has several subsidiaries, including UEL International FZE, Graincomm Australia Pty Ltd, Pakhi Commercial Private Limited, and Swastik Oil Refinery Private Limited. The company's financial results were reviewed by the Audit Committee and approved by the Board of Directors on August 13.
Historical Stock Returns for Uma Exports
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.76% | -4.07% | -13.50% | -44.37% | -58.05% | -47.47% |
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