Aditya Birla Money has just announced its Q1 results for FY 2024-25, revealing a mixed performance with substantial year-over-year (YoY) growth but slight quarter-over-quarter (QoQ) declines. Let’s dive into the numbers and what they signify for investors.
Revenue and profit overview
Aditya Birla Money’s revenue for Q1 FY 2024-25 stood at ₹109.41 crore, showing a significant YoY increase of 54.32% from ₹70.9 crore. Despite this impressive growth, the revenue declined by 1.38% QoQ from ₹110.94 crore in the previous quarter. The net profit for this quarter was ₹16.36 crore, up by 73.35% YoY compared to ₹9.44 crore but down by 0.6% QoQ from ₹16.46 crore.
Key financial metrics
- Total Revenue: ₹109.41 crore (up 54.32% YoY, down 1.38% QoQ)
- Net Profit: ₹16.36 crore (up 73.35% YoY, down 0.6% QoQ)
- EPS: ₹2.9 (up 73.65% YoY, down 0.45% QoQ)
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Expenses and operating income
The company’s expenses have also seen changes. Selling, general, and administrative expenses rose by 3.57% QoQ to ₹27.08 crore and surged by 36.25% YoY from ₹19.87 crore. Depreciation and amortisation costs were ₹2.32 crore, increasing by 8.15% QoQ and 25.78% YoY.
Operating income for the quarter was ₹41.33 crore, which is a 79.09% increase YoY from ₹23.08 crore. However, it declined by 6.34% QoQ from ₹44.12 crore.
Expense breakdown
- Selling, General & Administrative Expenses: ₹27.08 crore (up 3.57% QoQ, up 36.25% YoY)
- Depreciation/Amortisation: ₹2.32 crore (up 8.15% QoQ, up 25.78% YoY)
- Total Operating Expense: ₹68.09 crore (up 1.9% QoQ, up 42.37% YoY)
- Operating Income: ₹41.33 crore (down 6.34% QoQ, up 79.09% YoY)
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Market performance and outlook
Aditya Birla Money has delivered a 2.57% return over the past week, a 26.2% return over the last six months, and a 59.47% year-to-date (YTD) return. The current market cap is ₹934.94 crore with a 52-week high of ₹183.4 and a low of ₹59.3.
Aditya Birla Money Stock performance
- 1 Week Return: 2.57%
- 6 Months Return: 26.2%
- YTD Return: 59.47%
- Market Cap: ₹934.94 crore
- 52-Week High/Low: ₹183.4 / ₹59.3
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Conclusion
Aditya Birla Money’s Q1 results for FY 2024-25 highlight strong YoY growth, particularly in revenue and net profit, despite slight QoQ declines. The company has managed to increase its EPS significantly, which is a positive sign for investors. However, the rise in expenses and the marginal decline in revenue and profit compared to the previous quarter suggest areas that need attention. Investors should keep an eye on how the company manages its expenses and drives revenue growth in the coming quarters.
