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GRAVITA INDIA : Q1 2024 Financial Quarterly Report : YoY Sales Up 29.07 %, QoQ Up 5.15 %

July 22, 2024July 22, 2024| adminadmin| 0 Comments| 12:50 pm
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Highlights

  • Sales over the Year and quarter: The company experienced a substantial growth of 29.07 % in the past year, substantial increase in net sales/revenue by 5.15 %.
  • Income over the Year and quarter: There has been decline in other income over the past year which is -70.58 %, Marginal decrease of -72.4% in other income during this quarter.
  • Profit over the Year and quarter: Significant improvement in profitability for GRAVITA INDIA LIMITED. Notable increase of 29.4 % in net profit Year to Year, GRAVITA INDIA LIMITED’s profitability dropped by -2.05 % Quarter to Quarter.
  • EPS over the Year and quarter: EPS increased by 27.53 % Year to Year. EPS decreased by -1.01 % in previous quarter. Analysis needed for shareholder value.

The comprehensive analytics outlining the performance and outlook of GRAVITA 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. 703.39 Cr Rs. 863.41 Cr Rs. 907.86 Cr + 5.15 % + 29.07 %
Expenses Rs. 644.96 Cr Rs. 791.25 Cr Rs. 820.19 Cr + 3.66 % + 27.17 %
Operating Profit Rs. 58.43 Cr Rs. 72.16 Cr Rs. 87.67 Cr + 21.49 % + 50.04 %
OPM % 8.31 % 8.36 % 9.66 % + 1.3 % + 1.35 %
Other Income Rs. 23.35 Cr Rs. 24.89 Cr Rs. 6.87 Cr -72.4 % -70.58 %
Interest Rs. 12.7 Cr Rs. 12.35 Cr Rs. 12.96 Cr + 4.94 % + 2.05 %
Depreciation Rs. 7.92 Cr Rs. 12.48 Cr Rs. 6.52 Cr -47.76 % -17.68 %
Profit before tax Rs. 61.16 Cr Rs. 72.22 Cr Rs. 75.06 Cr + 3.93 % + 22.73 %
Tax % 14.08 % 3.88 % 9.41 % + 5.53 % -4.67 %
Net Profit Rs. 52.55 Cr Rs. 69.42 Cr Rs. 68 Cr -2.05 % + 29.4 %
EPS in Rs Rs. 7.7 Rs. 9.92 Rs. 9.82 -1.01 % + 27.53 %


Today, we’re looking at GRAVITA 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 29.07 %. However, it did see a marginal increase of 5.15 % from the previous quarter. Expenses ticked up slightly by 3.66 % quarter-on-quarter, aligning with the annual rise of 27.17 %. Operating profit, while up 50.04 % compared to last year, faced a quarter-on-quarter increase of 21.49 %, 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 1.35 %, but an expansion of 1.3 % sequentially. Other income fell by -72.4 % compared to the last quarter, despite an annual decline of -70.58 %. Interest expenses surged remarkably by 4.94 % from the previous quarter, yet the year-over-year increase remains at a moderate 2.05 %. Depreciation costs fell by -47.76 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -17.68 %. Profit before tax grew annually by 22.73 % but saw an increase from the preceding quarter by 3.93 %.
Tax expenses as a percentage of profits decreased slightly by -4.67 % compared to last year, with a more notable quarter-on-quarter increase of 5.53 %. Net profit rose by 29.4 % year-on-year but witnessed a -2.05 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 27.53 % but a quarterly fall of -1.01 %. In summary, GRAVITA 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. 703.39 Cr Rs. 863.41 Cr Rs. 907.86 Cr + 5.15 % + 29.07 %
Expenses Rs. 644.96 Cr Rs. 791.25 Cr Rs. 820.19 Cr + 3.66 % + 27.17 %
Operating Profit Rs. 58.43 Cr Rs. 72.16 Cr Rs. 87.67 Cr + 21.49 % + 50.04 %
Net Profit Rs. 52.55 Cr Rs. 69.42 Cr Rs. 68 Cr -2.05 % + 29.4 %
EPS in Rs Rs. 7.7 Rs. 9.92 Rs. 9.82 -1.01 % + 27.53 %


In reviewing GRAVITA INDIA LIMITED’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 29.07 % year-on-year growth, however, there was a minor increase of 5.15 % from the previous quarter. Expenses rose by 27.17 % compared to the previous year, with a 3.66 % increase quarter-on-quarter. Operating Profit surged by 50.04 % annually, and saw a 21.49 % increase from the last quarter.
Net Profit showed yearly increase of 29.4 %, and experienced a -2.05 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 27.53 % annually, however dipped by -1.01 % compared to the last quarter. In essence, while GRAVITA 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.

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