Share the post "Balmer Lawrie & Company : Q1 2024 Financial Quarterly Report : YoY Sales Up 7.74 %, QoQ Up 10.66 %"
Highlights
- The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company experienced a substantial growth of 7.74 % in the past year, substantial increase in net sales/revenue by 10.66 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -49.46 %, Marginal decrease of -58.96% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Balmer Lawrie & Company Limited. Notable increase of 12.7 % in net profit Year to Year, Balmer Lawrie & Company Limited’s profitability dropped by -14.19 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 11.34 % Year to Year. EPS decreased by -13.66 % 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. 592.295 Cr | Rs. 576.689 Cr | Rs. 638.164 Cr | + 10.66 % | + 7.74 % |
Expenses | Rs. 527.56 Cr | Rs. 485.2 Cr | Rs. 574.23 Cr | + 18.35 % | + 8.85 % |
Operating Profit | Rs. 64.74 Cr | Rs. 91.49 Cr | Rs. 63.93 Cr | -30.12 % | -1.25 % |
OPM % | 10.93 % | 15.86 % | 10.02 % | -5.84 % | -0.91 % |
Other Income | Rs. 24.329 Cr | Rs. 29.964 Cr | Rs. 12.297 Cr | -58.96 % | -49.46 % |
Interest | Rs. 6.27 Cr | Rs. 5.81 Cr | Rs. 6.12 Cr | + 5.34 % | -2.39 % |
Depreciation | Rs. 14.86 Cr | Rs. 15.46 Cr | Rs. 14.5 Cr | -6.21 % | -2.42 % |
Profit before tax | Rs. 67.94 Cr | Rs. 100.18 Cr | Rs. 55.61 Cr | -44.49 % | -18.15 % |
Tax % | 22.48 % | 30.53 % | 19.87 % | -10.66 % | -2.61 % |
Net Profit | Rs. 55.85 Cr | Rs. 73.34 Cr | Rs. 62.94 Cr | -14.18 % | + 12.69 % |
EPS in Rs | Rs. 3.35 | Rs. 4.32 | Rs. 3.73 | -13.66 % | + 11.34 % |
Today, we’re looking at Balmer Lawrie & Company 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 7.74 %. However, it did see a marginal increase of 10.66 % from the previous quarter. Expenses ticked up slightly by 18.35 % quarter-on-quarter, aligning with the annual rise of 8.85 %. Operating profit, while down -1.25 % compared to last year, faced a quarter-on-quarter dip of -30.12 %, 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 -0.91 %, but a shrinkage of -5.84 % sequentially. Other income fell by -58.96 % compared to the last quarter, despite an annual decline of -49.46 %. Interest expenses surged remarkably by 5.34 % from the previous quarter, yet the year-over-year decrease remains at a moderate -2.39 %. Depreciation costs fell by -6.21 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -2.42 %. Profit before tax declined annually by -18.15 % but saw a reduction from the preceding quarter by -44.49 %.
Tax expenses as a percentage of profits decreased slightly by -2.61 % compared to last year, with a more notable quarter-on-quarter decrease of -10.66 %. Net profit rose by 12.69 % year-on-year but witnessed a -14.18 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 11.34 % but a quarterly fall of -13.66 %. In summary, Balmer Lawrie & Company 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. 592.295 Cr | Rs. 576.689 Cr | Rs. 638.164 Cr | + 10.66 % | + 7.74 % |
Expenses | Rs. 527.56 Cr | Rs. 485.2 Cr | Rs. 574.23 Cr | + 18.35 % | + 8.85 % |
Operating Profit | Rs. 64.74 Cr | Rs. 91.49 Cr | Rs. 63.93 Cr | -30.12 % | -1.25 % |
Net Profit | Rs. 55.85 Cr | Rs. 73.34 Cr | Rs. 62.94 Cr | -14.18 % | + 12.69 % |
EPS in Rs | Rs. 3.35 | Rs. 4.32 | Rs. 3.73 | -13.66 % | + 11.34 % |
In reviewing Balmer Lawrie & Company Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 7.74 % year-on-year growth, however, there was a minor increase of 10.66 % from the previous quarter. Expenses rose by 8.85 % compared to the previous year, with a 18.35 % increase quarter-on-quarter. Operating Profit dropped by -1.25 % annually, and saw a -30.12 % decrease from the last quarter.
Net Profit showed yearly increase of 12.69 %, and experienced a -14.18 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 11.34 % annually, however dipped by -13.66 % compared to the last quarter. In essence, while Balmer Lawrie & Company 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.