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Garware Synthetics : Q4 2024 Financial Quarterly Report : YoY Sales Down 4.81 %, QoQ Down 3.97 %

July 3, 2024July 3, 2024| adminadmin| 0 Comments| 2:30 pm
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Highlights

  • Sales over the Year and quarter: The company’s sales declined by -4.81 % over the year, decrease in net sales/revenue by -3.97 %.
  • Income over the Year and quarter: There has been decline in other income over the past year which is -96.88 %, Marginal increase in other income during this quarter, up by 0%.
  • Profit over the Year and quarter: Challenges in sustaining profitability for Garware Synthetics Ltd.. Profit dropped by -77.19 % Year to Year, Garware Synthetics Ltd.’s profitability increased by 308.57 % in this quarter.
  • EPS over the Year and quarter: EPS declined by -66.22 % Year to Year. EPS increased by 733.33 % in previous quarter. Positive impact on shareholders.

The comprehensive analytics outlining the performance and outlook of Garware Synthetics Ltd.”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. 2.746 Cr Rs. 2.722 Cr Rs. 2.614 Cr -3.97 % -4.81 %
Expenses Rs. 2.69 Cr Rs. 2.55 Cr Rs. 2.75 Cr + 7.84 % + 2.23 %
Operating Profit Rs. 0.06 Cr Rs. 0.17 Cr Rs. -0.14 Cr -182.35 % -333.33 %
OPM % 2.18 % 6.25 % -5.36 % -11.61 % -7.54 %
Other Income Rs. 0.32 Cr Rs. 0.01 Cr Rs. 0.01 Cr + 0 % -96.88 %
Interest Rs. 0.06 Cr Rs. 0.05 Cr Rs. 0.05 Cr + 0 % -16.67 %
Depreciation Rs. 0.11 Cr Rs. 0.11 Cr Rs. 0.11 Cr + 0 % + 0 %
Profit before tax Rs. 0.21 Cr Rs. 0.02 Cr Rs. -0.29 Cr -1550 % -238.1 %
Tax % 46.6 % 84.21 % -1700 % -1784.21 % -1746.6 %
Net Profit Rs. 0.63 Cr Rs. 0.04 Cr Rs. 0.14 Cr + 250 % -77.78 %
EPS in Rs Rs. 0.74 Rs. 0.03 Rs. 0.25 + 733.33 % -66.22 %


Today, we’re looking at Garware Synthetics Ltd.’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -4.81 %. However, it did see a marginal slip of -3.97 % from the previous quarter. Expenses ticked up slightly by 7.84 % quarter-on-quarter, aligning with the annual rise of 2.23 %. Operating profit, while down -333.33 % compared to last year, faced a quarter-on-quarter dip of -182.35 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -7.54 %, but a shrinkage of -11.61 % sequentially. Other income rose by 0 % compared to the last quarter, despite an annual decline of -96.88 %. Interest expenses surged remarkably by 0 % from the previous quarter, yet the year-over-year decrease remains at a moderate -16.67 %. Depreciation costs climbed by 0 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 0 %. Profit before tax declined annually by -238.1 % but saw a reduction from the preceding quarter by -1550 %.
Tax expenses as a percentage of profits decreased slightly by -1746.6 % compared to last year, with a more notable quarter-on-quarter decrease of -1784.21 %. Net profit fell by -77.78 % year-on-year but experienced a 250 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -66.22 % but a quarterly rise of 733.33 %. In summary, Garware Synthetics Ltd.’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. 2.746 Cr Rs. 2.722 Cr Rs. 2.614 Cr -3.97 % -4.81 %
Expenses Rs. 2.69 Cr Rs. 2.55 Cr Rs. 2.75 Cr + 7.84 % + 2.23 %
Operating Profit Rs. 0.06 Cr Rs. 0.17 Cr Rs. -0.14 Cr -182.35 % -333.33 %
Net Profit Rs. 0.63 Cr Rs. 0.04 Cr Rs. 0.14 Cr + 250 % -77.78 %
EPS in Rs Rs. 0.74 Rs. 0.03 Rs. 0.25 + 733.33 % -66.22 %


In reviewing Garware Synthetics Ltd.’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -4.81 % year-on-year, although there was a slight dip of -3.97 % from the previous quarter. Expenses rose by 2.23 % compared to the previous year, with a 7.84 % increase quarter-on-quarter. Operating Profit dropped by -333.33 % annually, and saw a -182.35 % decrease from the last quarter.
Net Profit showed yearly decrease of -77.78 %, and experienced a 250 % increase from the previous quarter. Earnings Per Share (EPS) fell by -66.22 % annually, however rose by 733.33 % compared to the last quarter. In essence, while Garware Synthetics Ltd. faces strong annual decline indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.

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