Share the post "CIE Automotive India : Q1 2024 Financial Quarterly Report : YoY Sales Up 3.84 %, QoQ Down 1.75 %"
Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 3.84 % in the past year, decrease in net sales/revenue by -1.75 %.
- Income over the Year and quarter: There has been either a marginal increase or a decline in other income over the past year which is 71.59 %. Marginal decrease of -79.05% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for CIE Automotive India Limited. Notable increase of 8.12 % in net profit Year to Year, CIE Automotive India Limited’s profitability dropped by -41.61 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 8.09 % Year to Year. EPS decreased by -41.61 % in previous quarter. Analysis needed for shareholder value.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 1101.813 Cr | Rs. 1164.458 Cr | Rs. 1144.115 Cr | -1.75 % | + 3.84 % |
| Expenses | Rs. 924.28 Cr | Rs. 972.55 Cr | Rs. 959.44 Cr | -1.35 % | + 3.8 % |
| Operating Profit | Rs. 177.53 Cr | Rs. 191.91 Cr | Rs. 184.68 Cr | -3.77 % | + 4.03 % |
| OPM % | 16.11 % | 16.48 % | 16.14 % | -0.34 % | + 0.03 % |
| Other Income | Rs. 13.34 Cr | Rs. 109.25 Cr | Rs. 22.89 Cr | -79.05 % | + 71.59 % |
| Interest | Rs. 2.58 Cr | Rs. 4.91 Cr | Rs. 2.7 Cr | -45.01 % | + 4.65 % |
| Depreciation | Rs. 32.76 Cr | Rs. 35.93 Cr | Rs. 35.12 Cr | -2.25 % | + 7.2 % |
| Profit before tax | Rs. 155.53 Cr | Rs. 260.32 Cr | Rs. 169.75 Cr | -34.79 % | + 9.14 % |
| Tax % | 24.66 % | 16.64 % | 25.36 % | + 8.72 % | + 0.7 % |
| Net Profit | Rs. 117.18 Cr | Rs. 216.99 Cr | Rs. 126.7 Cr | -41.61 % | + 8.12 % |
| EPS in Rs | Rs. 3.09 | Rs. 5.72 | Rs. 3.34 | -41.61 % | + 8.09 % |
Today, we’re looking at CIE Automotive 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 3.84 %. However, it did see a marginal slip of -1.75 % from the previous quarter. Expenses decreased slightly by -1.35 % quarter-on-quarter, aligning with the annual rise of 3.8 %. Operating profit, while up 4.03 % compared to last year, faced a quarter-on-quarter dip of -3.77 %, 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 0.03 %, but a shrinkage of -0.34 % sequentially. Other income fell by -79.05 % compared to the last quarter, despite an annual growth of 71.59 %. Interest expenses dropped significantly by -45.01 % from the previous quarter, yet the year-over-year increase remains at a moderate 4.65 %. Depreciation costs fell by -2.25 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 7.2 %. Profit before tax grew annually by 9.14 % but saw a reduction from the preceding quarter by -34.79 %.
Tax expenses as a percentage of profits increased slightly by 0.7 % compared to last year, with a more notable quarter-on-quarter increase of 8.72 %. Net profit rose by 8.12 % year-on-year but witnessed a -41.61 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 8.09 % but a quarterly fall of -41.61 %. In summary, CIE Automotive 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. 1101.813 Cr | Rs. 1164.458 Cr | Rs. 1144.115 Cr | -1.75 % | + 3.84 % |
| Expenses | Rs. 924.28 Cr | Rs. 972.55 Cr | Rs. 959.44 Cr | -1.35 % | + 3.8 % |
| Operating Profit | Rs. 177.53 Cr | Rs. 191.91 Cr | Rs. 184.68 Cr | -3.77 % | + 4.03 % |
| Net Profit | Rs. 117.18 Cr | Rs. 216.99 Cr | Rs. 126.7 Cr | -41.61 % | + 8.12 % |
| EPS in Rs | Rs. 3.09 | Rs. 5.72 | Rs. 3.34 | -41.61 % | + 8.09 % |
In reviewing CIE Automotive India Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 3.84 % year-on-year growth, although there was a slight dip of -1.75 % from the previous quarter. Expenses rose by 3.8 % compared to the previous year, with a decrease of -1.35 % quarter-on-quarter. Operating Profit surged by 4.03 % annually, and saw a -3.77 % decrease from the last quarter.
Net Profit showed yearly increase of 8.12 %, and experienced a -41.61 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 8.09 % annually, however dipped by -41.61 % compared to the last quarter. In essence, while CIE Automotive India Limited exhibits strong annual growth indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.
