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Creative Castings : Q4 2024 Financial Quarterly Report : YoY Sales Down 10 %, QoQ Up 22.69 %

June 24, 2024June 24, 2024| adminadmin| 0 Comments| 11:50 am
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Highlights

  • Sales over the Year and quarter: The company’s sales declined by -10 % over the year, substantial increase in net sales/revenue by 22.69 %.
  • Income over the Year and quarter: There has been decline in other income over the past year which is -98 %, Marginal decrease of -98.15% in other income during this quarter.
  • Profit over the Year and quarter: Significant improvement in profitability for Creative Castings Limited. Notable increase of 45.53 % in net profit Year to Year, Creative Castings Limited’s profitability increased by 78.39 % in this quarter.
  • EPS over the Year and quarter: EPS increased by 45.53 % Year to Year. EPS increased by 78.34 % in previous quarter. Positive impact on shareholders.

The comprehensive analytics outlining the performance and outlook of Creative Castings Limited”s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

Metrics Previous Year Previous Quarter Current Quarter Quarter to Quarter Difference Year to Year Difference
Sales Rs. 16.986 Cr Rs. 12.46 Cr Rs. 15.287 Cr + 22.69 % -10 %
Expenses Rs. 15.41 Cr Rs. 11.29 Cr Rs. 12.85 Cr + 13.82 % -16.61 %
Operating Profit Rs. 1.58 Cr Rs. 1.17 Cr Rs. 2.44 Cr + 108.55 % + 54.43 %
OPM % 9.3 % 9.39 % 15.96 % + 6.57 % + 6.66 %
Other Income Rs. 0.5 Cr Rs. 0.54 Cr Rs. 0.01 Cr -98.15 % -98 %
Interest Rs. 0 Cr Rs. 0 Cr Rs. 0.01 Cr 0 % 0 %
Depreciation Rs. 0.3 Cr Rs. 0.15 Cr Rs. 0.18 Cr + 20 % -40 %
Profit before tax Rs. 1.78 Cr Rs. 1.56 Cr Rs. 2.26 Cr + 44.87 % + 26.97 %
Tax % 28.49 % 34.02 % 18.19 % -15.83 % -10.3 %
Net Profit Rs. 1.27 Cr Rs. 1.03 Cr Rs. 1.84 Cr + 78.64 % + 44.88 %
EPS in Rs Rs. 9.73 Rs. 7.94 Rs. 14.16 + 78.34 % + 45.53 %


Today, we’re looking at Creative Castings Limited’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -10 %. However, it did see a marginal increase of 22.69 % from the previous quarter. Expenses ticked up slightly by 13.82 % quarter-on-quarter, aligning with the annual decline of -16.61 %. Operating profit, while up 54.43 % compared to last year, faced a quarter-on-quarter increase of 108.55 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 6.66 %, but an expansion of 6.57 % sequentially. Other income fell by -98.15 % compared to the last quarter, despite an annual decline of -98 %. Depreciation costs climbed by 20 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -40 %. Profit before tax grew annually by 26.97 % but saw an increase from the preceding quarter by 44.87 %.
Tax expenses as a percentage of profits decreased slightly by -10.3 % compared to last year, with a more notable quarter-on-quarter decrease of -15.83 %. Net profit rose by 44.88 % year-on-year but experienced a 78.64 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 45.53 % but a quarterly rise of 78.34 %. In summary, Creative Castings Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.

Metrics Previous Year Previous Quarter Current Quarter Quarter to Quarter Difference Year to Year Difference
Sales Rs. 16.986 Cr Rs. 12.46 Cr Rs. 15.287 Cr + 22.69 % -10 %
Expenses Rs. 15.41 Cr Rs. 11.29 Cr Rs. 12.85 Cr + 13.82 % -16.61 %
Operating Profit Rs. 1.58 Cr Rs. 1.17 Cr Rs. 2.44 Cr + 108.55 % + 54.43 %
Net Profit Rs. 1.27 Cr Rs. 1.03 Cr Rs. 1.84 Cr + 78.64 % + 44.88 %
EPS in Rs Rs. 9.73 Rs. 7.94 Rs. 14.16 + 78.34 % + 45.53 %


In reviewing Creative Castings Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -10 % year-on-year, however, there was a minor increase of 22.69 % from the previous quarter. Expenses decreased by -16.61 % compared to the previous year, with a 13.82 % increase quarter-on-quarter. Operating Profit surged by 54.43 % annually, and saw a 108.55 % increase from the last quarter.
Net Profit showed yearly increase of 44.88 %, and experienced a 78.64 % increase from the previous quarter. Earnings Per Share (EPS) rose by 45.53 % annually, however rose by 78.34 % compared to the last quarter. In essence, while Creative Castings Limited exhibits strong annual growth indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.

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