Sumuka Agro Industries Q1 Results Profit Increases to Rs. 117.00 Lakhs with Net Sales at Rs. 1,287.88 Lakhs

Sumuka Agro Industries Q1 Results: Sumuka Agro Industries declared their Q1 results on 14 August 2024, showing an improvement in profitability. The company's profit for the quarter ending June 30, 2024, stood at Rs. 117.00 lakhs, reflecting a 22% increase compared to the profit of Rs. 95.93 lakhs reported in the previous quarter ending March 31, 2024.

This rise in profit was achieved despite a decline in net sales, which dropped by 31.6% from Rs. 1,884.39 lakhs in Q4 2024 to Rs. 1,287.88 lakhs in Q1 2024. The quarter's results also highlighted a reduction in total expenses, which decreased by 23.4% from Rs. 1,527.79 lakhs in the previous quarter to Rs. 1,170.88 lakhs in the current quarter.

This cost-cutting contributed to the overall improvement in the company's profitability. The earnings per share (EPS) increased to Rs. 1.65 in Q1 2024, up from Rs. 1.35 in Q4 2024, indicating a stronger financial performance for the period despite challenging market conditions.

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Sumuka Agro Industries Q1 Results 2024 - 2025

Sumuka Agro Industries has released its Q1 results for the period ending June 30, 2024, showcasing an increase in profitability despite a drop in sales. The company reported a profit growth of 22% quarter-over-quarter, driven by effective cost management. Below is a summary of the key financial metrics for Q1 2024 compared to Q4 2024.

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Sumuka Agro Industries Current Market Overview

Sumuka Agro Industries' stock is currently priced at ₹232 per share on the Bombay Stock Exchange (BSE). The company's market value stands at ₹165 crore, with a 52-week range between ₹134 and ₹243. The stock has a price-to-earnings (P/E) ratio of 35.5, indicating its current valuation relative to its earnings.

Despite not offering a dividend, the company shows strong financial performance with a high Return on Capital Employed (ROCE) of 58.2% and a Return on Equity (ROE) of 48.0%, reflecting efficient use of capital and good profitability.

Quarterly Results

Here are the quarterly results for Sumuka Agro Industries for the periods ending December 2023, March 2024, and June 2024:

About Sumuka Agro Industries

Sumuka Agro Industries, incorporated in 1989, is a company involved in trading and retailing a variety of food products, including dry fruits, ready-to-cook items, snacks, sweets, and spices. The company also sells packaged foods online and operates as a franchisor.

Recently, Sumuka Agro shifted its registered office from Maharashtra to Karnataka to align with its key operating teams in Bangalore. The company is known for its strong focus on quality and diverse product offerings, serving a wide range of customers across different markets.

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