Arigato Universe ke Q3 Results ki asli kahani?
Yaar, is baar Arigato Universe (pehla naam Saboo Brothers) ke results ekdum se gire hain. Standalone numbers ke hisaab se, Q3 FY26 mein inka total income 51.0% YoY kam hokar sirf ₹6.71 Cr reh gaya. Pichle saal isi quarter mein yeh ₹13.69 Cr tha. Profit Before Tax (PBT) bhi 5.7% gir kar ₹0.68 Cr ho gaya. Aur Net Profit toh 24.7% kam hokar ₹0.46 Cr par aa gaya. Aisa lagta hai ki earnings per share (EPS) bhi 25.0% tut gaya.
Agar quarter-on-quarter (QoQ) dekha jaaye, toh bhi revenue 50.1% kam hua hai, aur profit 24.7% gira hai. Haalat yeh hai ki EPS bhi 25.0% neeche chala gaya hai.
Stock ki health par chinta ki baatein?
Numbers toh bure hain hi, lekin isse bhi badi chinta ki baat balance sheet mein hai. Company ke paas maal (inventory) jo pehle ₹2.44 Cr tha, woh ab badhkar ₹17.63 Cr ho gaya hai. Yeh kaafi zyada inventory build-up hai, jo demand ki kami ya maal ke purana ho jaane ka risk dikha raha hai. Saath hi, company ka total liabilities lagbhag double ho gaya hai, ₹10.18 Cr se ₹20.53 Cr tak pahunch gaya hai. Yeh paisa mostly financial liabilities mein badhotari ki wajah se hua hai, jo company ka debt burden badha raha hai.
Expenses 53.5% kam hue hain, isliye margin thoda sudhra hai, lekin tax expenses lagbhag double ho gaye hain, 97.0% tak badh gaye hain, jo ki ₹0.22 Cr ho gaye hain. Ajeeb baat hai ki jab revenue gira, toh tax kyun badha?
Aage kya karna chahiye?
Filhaal koi concall transcript available nahi hai, toh company se seedha jawab nahi mila hai. Investors ko ab bahut dhyan se inventory kaise manage hoti hai aur yeh badhte hue loans ka pressure company kaise handle karti hai, yeh sab dekha hoga. Demand mein recovery aur debt ko manage karna hi ab company ke liye sabse bada challenge hoga.