NIFTY 50 22795.9 ▼ (0.51%)
NIFTY NEXT 50 60466.8 ▼ (0.94%)
NIFTY 100 23274.05 ▼ (0.59%)
NIFTY MIDCAP 100 50486.2 ▼ (1.32%)
NIFTY SMALLCAP 100 15636.9 ▼ (0.7%)
NIFTY SMALLCAP 250 14683.4 ▼ (0.57%)
NIFTY MIDCAP SELECT 11198.9 ▼ (1.69%)
NIFTY TOTAL MARKET 11634.25 ▼ (0.67%)
NIFTY BANK 48981.2 ▼ (0.72%)
SENSEX 75311.06 ▼ (0.56%)
BSE BANKEX 55718.18 ▼ (0.82%)

Eimco Elecon (India) : Q1 2024 Financial Quarterly Report : YoY Sales Up 59.24 %, QoQ Down 17.3 %

July 17, 2024July 17, 2024| adminadmin| 0 Comments| 9:55 am
Image is loading
Categories:

Share the post "Eimco Elecon (India) : Q1 2024 Financial Quarterly Report : YoY Sales Up 59.24 %, QoQ Down 17.3 %"

  • Facebook
  • LinkedIn
  • X
  • Tumblr
  • WhatsApp
  • TelegramTelegram
  • Email

Highlights

  • Sales over the Year and quarter: The company experienced a substantial growth of 59.24 % in the past year, decrease in net sales/revenue by -17.3 %.
  • Income over the Year and quarter: There has been decline in other income over the past year which is -2.95 %, Marginal increase in other income during this quarter, up by 11.89%.
  • Profit over the Year and quarter: Significant improvement in profitability for Eimco Elecon (India) Limited. Notable increase of 137.58 % in net profit Year to Year, Eimco Elecon (India) Limited’s profitability dropped by -0.38 % Quarter to Quarter.
  • EPS over the Year and quarter: EPS increased by 137.53 % Year to Year. EPS decreased by -0.35 % in previous quarter. Analysis needed for shareholder value.

The comprehensive analytics outlining the performance and outlook of Eimco Elecon (India) 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. 43.782 Cr Rs. 84.304 Cr Rs. 69.72 Cr -17.3 % + 59.24 %
Expenses Rs. 41.3 Cr Rs. 67.59 Cr Rs. 54.66 Cr -19.13 % + 32.35 %
Operating Profit Rs. 2.48 Cr Rs. 16.71 Cr Rs. 15.06 Cr -9.87 % + 507.26 %
OPM % 5.66 % 19.82 % 21.6 % + 1.78 % + 15.94 %
Other Income Rs. 5.43 Cr Rs. 4.71 Cr Rs. 5.27 Cr + 11.89 % -2.95 %
Interest Rs. 0.17 Cr Rs. 0.3 Cr Rs. 0.19 Cr -36.67 % + 11.76 %
Depreciation Rs. 1.75 Cr Rs. 2.08 Cr Rs. 1.78 Cr -14.42 % + 1.71 %
Profit before tax Rs. 5.99 Cr Rs. 19.04 Cr Rs. 18.36 Cr -3.57 % + 206.51 %
Tax % 3.67 % 22.09 % 19.51 % -2.58 % + 15.84 %
Net Profit Rs. 6.22 Cr Rs. 14.84 Cr Rs. 14.78 Cr -0.4 % + 137.62 %
EPS in Rs Rs. 10.79 Rs. 27.72 Rs. 25.63 -7.54 % + 137.53 %


Today, we’re looking at Eimco Elecon (India) Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 59.24 %. However, it did see a marginal slip of -17.3 % from the previous quarter. Expenses decreased slightly by -19.13 % quarter-on-quarter, aligning with the annual rise of 32.35 %. Operating profit, while up 507.26 % compared to last year, faced a quarter-on-quarter dip of -9.87 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 15.94 %, but an expansion of 1.78 % sequentially. Other income rose by 11.89 % compared to the last quarter, despite an annual decline of -2.95 %. Interest expenses dropped significantly by -36.67 % from the previous quarter, yet the year-over-year increase remains at a moderate 11.76 %. Depreciation costs fell by -14.42 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 1.71 %. Profit before tax grew annually by 206.51 % but saw a reduction from the preceding quarter by -3.57 %.
Tax expenses as a percentage of profits increased slightly by 15.84 % compared to last year, with a more notable quarter-on-quarter decrease of -2.58 %. Net profit rose by 137.62 % year-on-year but witnessed a -0.4 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 137.53 % but a quarterly fall of -7.54 %. In summary, Eimco Elecon (India) 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. 43.782 Cr Rs. 84.304 Cr Rs. 69.72 Cr -17.3 % + 59.24 %
Expenses Rs. 41.3 Cr Rs. 67.59 Cr Rs. 54.66 Cr -19.13 % + 32.35 %
Operating Profit Rs. 2.48 Cr Rs. 16.71 Cr Rs. 15.06 Cr -9.87 % + 507.26 %
Net Profit Rs. 6.22 Cr Rs. 14.84 Cr Rs. 14.78 Cr -0.4 % + 137.62 %
EPS in Rs Rs. 10.79 Rs. 27.72 Rs. 25.63 -7.54 % + 137.53 %


In reviewing Eimco Elecon (India) Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 59.24 % year-on-year growth, although there was a slight dip of -17.3 % from the previous quarter. Expenses rose by 32.35 % compared to the previous year, with a decrease of -19.13 % quarter-on-quarter. Operating Profit surged by 507.26 % annually, and saw a -9.87 % decrease from the last quarter.
Net Profit showed yearly increase of 137.62 %, and experienced a -0.4 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 137.53 % annually, however dipped by -7.54 % compared to the last quarter. In essence, while Eimco Elecon (India) 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.

[my_shortcode1 values=”Spencer”]

Related Post