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Highlights
- The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company’s sales declined by -3.44 % over the year, decrease in net sales/revenue by -8.31 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -45.3 %, Marginal decrease of -34.44% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Wheels India Limited. Notable increase of 170.7 % in net profit Year to Year, Wheels India Limited’s profitability dropped by -37.97 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 135.61 % Year to Year. EPS decreased by -38.71 % 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. 1207.37 Cr | Rs. 1271.48 Cr | Rs. 1165.88 Cr | -8.31 % | -3.44 % |
| Expenses | Rs. 1170.25 Cr | Rs. 1174.13 Cr | Rs. 1086.4 Cr | -7.47 % | -7.17 % |
| Operating Profit | Rs. 37.12 Cr | Rs. 97.35 Cr | Rs. 79.48 Cr | -18.36 % | + 114.12 % |
| OPM % | 3.07 % | 7.66 % | 6.82 % | -0.84 % | + 3.75 % |
| Other Income | Rs. 3.62 Cr | Rs. 3.02 Cr | Rs. 1.98 Cr | -34.44 % | -45.3 % |
| Interest | Rs. 29.78 Cr | Rs. 30.62 Cr | Rs. 29.47 Cr | -3.76 % | -1.04 % |
| Depreciation | Rs. 0 Cr | Rs. 21.85 Cr | Rs. 22.53 Cr | + 3.11 % | 0 % |
| Profit before tax | Rs. 10.96 Cr | Rs. 47.9 Cr | Rs. 29.46 Cr | -38.5 % | + 168.8 % |
| Tax % | 24.07 % | 25.09 % | 26.27 % | + 1.18 % | + 2.2 % |
| Net Profit | Rs. 8.77 Cr | Rs. 38.27 Cr | Rs. 23.74 Cr | -37.97 % | + 170.7 % |
| EPS in Rs | Rs. 4.1 | Rs. 15.76 | Rs. 9.66 | -38.71 % | + 135.61 % |
Today, we’re looking at Wheels India Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -3.44 %. However, it did see a marginal slip of -8.31 % from the previous quarter. Expenses decreased slightly by -7.47 % quarter-on-quarter, aligning with the annual decline of -7.17 %. Operating profit, while up 114.12 % compared to last year, faced a quarter-on-quarter dip of -18.36 %, 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 3.75 %, but a shrinkage of -0.84 % sequentially. Other income fell by -34.44 % compared to the last quarter, despite an annual decline of -45.3 %. Interest expenses dropped significantly by -3.76 % from the previous quarter, yet the year-over-year decrease remains at a moderate -1.04 %. Depreciation costs climbed by 3.11 % quarter-on-quarter, Profit before tax grew annually by 168.8 % but saw a reduction from the preceding quarter by -38.5 %.
Tax expenses as a percentage of profits increased slightly by 2.2 % compared to last year, with a more notable quarter-on-quarter increase of 1.18 %. Net profit rose by 170.7 % year-on-year but witnessed a -37.97 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 135.61 % but a quarterly fall of -38.71 %. In summary, Wheels 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. 1207.37 Cr | Rs. 1271.48 Cr | Rs. 1165.88 Cr | -8.31 % | -3.44 % |
| Expenses | Rs. 1170.25 Cr | Rs. 1174.13 Cr | Rs. 1086.4 Cr | -7.47 % | -7.17 % |
| Operating Profit | Rs. 37.12 Cr | Rs. 97.35 Cr | Rs. 79.48 Cr | -18.36 % | + 114.12 % |
| Net Profit | Rs. 8.77 Cr | Rs. 38.27 Cr | Rs. 23.74 Cr | -37.97 % | + 170.7 % |
| EPS in Rs | Rs. 4.1 | Rs. 15.76 | Rs. 9.66 | -38.71 % | + 135.61 % |
In reviewing Wheels India Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -3.44 % year-on-year, although there was a slight dip of -8.31 % from the previous quarter. Expenses decreased by -7.17 % compared to the previous year, with a decrease of -7.47 % quarter-on-quarter. Operating Profit surged by 114.12 % annually, and saw a -18.36 % decrease from the last quarter.
Net Profit showed yearly increase of 170.7 %, and experienced a -37.97 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 135.61 % annually, however dipped by -38.71 % compared to the last quarter. In essence, while Wheels 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.
