- Home »
- Quarterly Results »
- Crestchem Q1 Results Revenue Declines to ₹524.62 Lakhs, Net Profit at ₹59.79 Lakhs
Crestchem Q1 Results Revenue Declines to ₹524.62 Lakhs, Net Profit at ₹59.79 Lakhs
Crestchem Q1 Results show a 6.88% QoQ decline in revenue to Rs. 524.62 lakhs and a 9.85% QoQ decrease in net profit to Rs. 59.79 lakhs; Crestchem Q1 Results also reflect a 10.76% QoQ drop in profit before tax.
by P Nandhini
Updated Aug 28, 2024
Table of Content
Crestchem Q1 Results: Crestchem announced its Q1 results for the fiscal year 2024-2025 on August 12, 2024. The company reported a decrease in revenue, with income from operations falling to Rs. 524.62 lakhs, which is a decline of 6.88% compared to Rs. 563.31 lakhs from the previous quarter.
This dip in revenue reflects a slowdown in business activities over the last quarter. However, the company managed to maintain a profit before tax of Rs. 82.73 lakhs, a decrease of 10.76% from Rs. 92.71 lakhs in the previous quarter.
The net profit for the quarter also saw a reduction, standing at Rs. 59.79 lakhs, which is 9.85% lower compared to Rs. 66.25 lakhs reported in the last quarter. Despite the lower earnings, Crestchem’s expenses decreased slightly from Rs. 479.84 lakhs to Rs. 450.22 lakhs, marking a 6.2% reduction.
The company's basic and diluted earnings per share (EPS) remained steady at Rs. 1.99 and Rs. 2.21 respectively, showing no change from the previous quarter. The results indicate a period of adjustment for Crestchem, as it navigates through market fluctuations and changes in operational dynamics.
For More Q1 results check our Twitter Page
Crestchem Q1 Results 2024 - 2025
Crestchem has released its financial results for the first quarter of the fiscal year 2024-2025. Here is a summary of the key figures from their Q1 performance:
| Particulars | 30.06.2024 (Q1 Results) | 31.03.2024 (Previous Quarter) | Change (%) |
|---|---|---|---|
| Revenue from Operations | 524.62 lakhs | 563.31 lakhs | -6.88% |
| Other Operating Income | 524.62 lakhs | 563.31 lakhs | -6.88% |
| Other Income | 8.33 lakhs | 9.24 lakhs | -9.84% |
| Total Income | 532.95 lakhs | 572.55 lakhs | -6.92% |
| Cost of Material Consumed | 380.47 lakhs | 410.16 lakhs | -7.26% |
| Employee Benefits Expense | 24.65 lakhs | 25.49 lakhs | -3.29% |
| Finance Costs | 0.33 lakhs | 0.43 lakhs | -23.26% |
| Depreciation & Amortization | 1.08 lakhs | 1.43 lakhs | -24.48% |
| Other Expenses | 43.70 lakhs | 42.33 lakhs | +3.23% |
| Total Expenses | 450.22 lakhs | 479.84 lakhs | -6.20% |
| Profit Before Tax | 82.73 lakhs | 92.71 lakhs | -10.76% |
| Current Tax | 23.11 lakhs | 26.56 lakhs | -13.10% |
| Deferred Tax | (0.17) lakhs | (0.51) lakhs | -66.67% |
| Short/Excess Provision of Income Tax | 0.41 lakhs | - | - |
| Total Tax | 22.94 lakhs | 26.46 lakhs | -13.23% |
| Profit for the Period | 59.79 lakhs | 66.25 lakhs | -9.85% |
| Other Comprehensive Income | 59.79 lakhs | 66.25 lakhs | -9.85% |
| Total Comprehensive Income | 59.79 lakhs | 66.25 lakhs | -9.85% |
| Paid-Up Equity Share Capital | 300.00 lakhs | 300.00 lakhs | 0.00% |
| Earnings per Share (Basic) | 1.99 | 1.99 | 0.00% |
| Earnings per Share (Diluted) | 2.21 | 2.21 | 0.00% |
Source: Click Here
Crestchem Current Market Overview
Crestchem is currently trading at ₹162 per share, showing a small increase of 0.87%. The company's market cap is ₹48.7 crore. The stock has fluctuated between a high of ₹177 and a low of ₹58.4 over the past year.
With a Price-to-Earnings (P/E) ratio of 19.4 and a book value of ₹16.3 per share, Crestchem offers a modest dividend yield of 0.31%. The company performs well financially, with a Return on Capital Employed (ROCE) of 78.2% and a Return on Equity (ROE) of 56.2%.
| Metric | Value |
|---|---|
| Current Price | ₹162 |
| Market Cap | ₹48.7 Cr |
| High / Low (12M) | ₹177 / ₹58.4 |
| Stock P/E | 19.4 |
| Book Value | ₹16.3 |
| Dividend Yield | 0.31% |
| ROCE | 78.2% |
| ROE | 56.2% |
| Face Value | ₹10.0 |
Quarterly Results
Here is a summary of Crestchem's quarterly results for the periods ending December 2023, March 2024, and June 2024:
| Metric | Dec 2023 | Mar 2024 | Jun 2024 |
|---|---|---|---|
| Sales (₹ Cr.) | 7.36 | 5.63 | 5.25 |
| Expenses (₹ Cr.) | 6.13 | 4.78 | 4.49 |
| Operating Profit (₹ Cr.) | 1.23 | 0.85 | 0.76 |
| OPM (%) | 16.71% | 15.10% | 14.48% |
| Other Income (₹ Cr.) | 0.06 | 0.09 | 0.08 |
| Interest (₹ Cr.) | 0.00 | 0.00 | 0.00 |
| Depreciation (₹ Cr.) | 0.01 | 0.01 | 0.01 |
| Profit Before Tax (₹ Cr.) | 1.28 | 0.93 | 0.83 |
| Tax (%) | 28.91% | 27.96% | 27.71% |
| Net Profit (₹ Cr.) | 0.91 | 0.66 | 0.60 |
| EPS (₹) | 3.03 | 2.20 | 2.00 |
About Crestchem
Crestchem is a company that specializes in manufacturing, marketing, and exporting products from the field of Nutraceutical Ingredients. Established in 1991 and listed on major stock exchanges in India, Crestchem focuses on producing various nutritional chemicals.
Their main product groups include MCTs (Medium-Chain Triglycerides), lactose-free products, and oil and fat-water-soluble powders. Based in Ahmedabad, the company operates under the leadership of Managing Director Mr. Dipak Patel and aims to deliver high-quality ingredients derived from traditional chemical, food, and pharmaceutical fields.
Check our site for more Q1 results.
Crestchem Q1 Results - FAQs
1. What is Crestchem's revenue from operations for Q1 2024?
Crestchem reported revenue from operations of ₹524.62 lakhs for Q1 2024.
2. What was Crestchem’s profit before tax for Q1 2024?
Crestchem’s profit before tax for Q1 2024 was ₹82.73 lakhs.
3. How much did Crestchem's net profit decrease in Q1 2024?
Crestchem’s net profit decreased to ₹59.79 lakhs in Q1 2024.
4. What was Crestchem’s total income for Q1 2024?
Crestchem’s total income for Q1 2024 was ₹532.95 lakhs.
5. What was the percentage change in Crestchem's revenue from the previous quarter?
Crestchem’s revenue decreased by 6.88% from the previous quarter.
6. What is Crestchem’s total comprehensive income for Q1 2024?
Crestchem’s total comprehensive income for Q1 2024 was ₹59.79 lakhs.
7. What was the percentage change in Crestchem’s total expenses in Q1 2024?
Crestchem’s total expenses decreased by 6.20% in Q1 2024.
8. What was the total tax expense for Crestchem in Q1 2024?
Crestchem’s total tax expense was ₹22.94 lakhs in Q1 2024.
9. What is Crestchem’s total comprehensive income for Q1 2024?
Crestchem’s total comprehensive income for Q1 2024 was ₹59.79 lakhs.
10. What was Crestchem’s operating profit margin (OPM) for Q1 2024?
Crestchem’s operating profit margin was 14.48% for Q1 2024.