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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 experienced a substantial growth of 7.99 % in the past year, decrease in net sales/revenue by -8.11 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -56.92 %, Marginal decrease of -44% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Rajratan Global Wire Ltd. Notable increase of 22.61 % in net profit Year to Year, Rajratan Global Wire Ltd’s profitability dropped by -24.7 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 22.45 % Year to Year. EPS decreased by -24.81 % 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. 203.85 Cr | Rs. 239.57 Cr | Rs. 220.14 Cr | -8.11 % | + 7.99 % |
Expenses | Rs. 178.73 Cr | Rs. 205.17 Cr | Rs. 190.64 Cr | -7.08 % | + 6.66 % |
Operating Profit | Rs. 25.12 Cr | Rs. 34.4 Cr | Rs. 29.5 Cr | -14.24 % | + 17.44 % |
OPM % | 12.32 % | 14.36 % | 13.4 % | -0.96 % | + 1.08 % |
Other Income | Rs. 1.3 Cr | Rs. 1 Cr | Rs. 0.56 Cr | -44 % | -56.92 % |
Interest | Rs. 5.29 Cr | Rs. 4.43 Cr | Rs. 5.13 Cr | + 15.8 % | -3.02 % |
Depreciation | Rs. 4.17 Cr | Rs. 4.55 Cr | Rs. 4.61 Cr | + 1.32 % | + 10.55 % |
Profit before tax | Rs. 16.96 Cr | Rs. 26.42 Cr | Rs. 20.32 Cr | -23.09 % | + 19.81 % |
Tax % | 26.71 % | 23.39 % | 25 % | + 1.61 % | -1.71 % |
Net Profit | Rs. 12.43 Cr | Rs. 20.24 Cr | Rs. 15.24 Cr | -24.7 % | + 22.61 % |
EPS in Rs | Rs. 2.45 | Rs. 3.99 | Rs. 3 | -24.81 % | + 22.45 % |
Today, we’re looking at Rajratan Global Wire Ltd’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 7.99 %. However, it did see a marginal slip of -8.11 % from the previous quarter. Expenses decreased slightly by -7.08 % quarter-on-quarter, aligning with the annual rise of 6.66 %. Operating profit, while up 17.44 % compared to last year, faced a quarter-on-quarter dip of -14.24 %, 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 1.08 %, but a shrinkage of -0.96 % sequentially. Other income fell by -44 % compared to the last quarter, despite an annual decline of -56.92 %. Interest expenses surged remarkably by 15.8 % from the previous quarter, yet the year-over-year decrease remains at a moderate -3.02 %. Depreciation costs climbed by 1.32 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 10.55 %. Profit before tax grew annually by 19.81 % but saw a reduction from the preceding quarter by -23.09 %.
Tax expenses as a percentage of profits decreased slightly by -1.71 % compared to last year, with a more notable quarter-on-quarter increase of 1.61 %. Net profit rose by 22.61 % year-on-year but witnessed a -24.7 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 22.45 % but a quarterly fall of -24.81 %. In summary, Rajratan Global Wire Ltd’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. 203.85 Cr | Rs. 239.57 Cr | Rs. 220.14 Cr | -8.11 % | + 7.99 % |
Expenses | Rs. 178.73 Cr | Rs. 205.17 Cr | Rs. 190.64 Cr | -7.08 % | + 6.66 % |
Operating Profit | Rs. 25.12 Cr | Rs. 34.4 Cr | Rs. 29.5 Cr | -14.24 % | + 17.44 % |
Net Profit | Rs. 12.43 Cr | Rs. 20.24 Cr | Rs. 15.24 Cr | -24.7 % | + 22.61 % |
EPS in Rs | Rs. 2.45 | Rs. 3.99 | Rs. 3 | -24.81 % | + 22.45 % |
In reviewing Rajratan Global Wire Ltd’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 7.99 % year-on-year growth, although there was a slight dip of -8.11 % from the previous quarter. Expenses rose by 6.66 % compared to the previous year, with a decrease of -7.08 % quarter-on-quarter. Operating Profit surged by 17.44 % annually, and saw a -14.24 % decrease from the last quarter.
Net Profit showed yearly increase of 22.61 %, and experienced a -24.7 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 22.45 % annually, however dipped by -24.81 % compared to the last quarter. In essence, while Rajratan Global Wire Ltd 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.