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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 3.85 % in the past year, decrease in net sales/revenue by -2.79 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -46.66 %, Marginal decrease of -52.72% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Bajaj Electricals Limited. Profit dropped by -24.29 % Year to Year, Bajaj Electricals Limited’s profitability dropped by -4.09 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -24.46 % Year to Year. EPS decreased by -4.31 % 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. 1112.13 Cr | Rs. 1188.08 Cr | Rs. 1154.91 Cr | -2.79 % | + 3.85 % |
| Expenses | Rs. 1044.54 Cr | Rs. 1138.34 Cr | Rs. 1079.5 Cr | -5.17 % | + 3.35 % |
| Operating Profit | Rs. 67.59 Cr | Rs. 49.74 Cr | Rs. 75.41 Cr | + 51.61 % | + 11.57 % |
| OPM % | 6.08 % | 4.19 % | 6.53 % | + 2.34 % | + 0.45 % |
| Other Income | Rs. 19.91 Cr | Rs. 22.46 Cr | Rs. 10.62 Cr | -52.72 % | -46.66 % |
| Interest | Rs. 11.51 Cr | Rs. 17.56 Cr | Rs. 15.78 Cr | -10.14 % | + 37.1 % |
| Depreciation | Rs. 22.97 Cr | Rs. 30.19 Cr | Rs. 31.96 Cr | + 5.86 % | + 39.14 % |
| Profit before tax | Rs. 53.02 Cr | Rs. 24.45 Cr | Rs. 38.29 Cr | + 56.61 % | -27.78 % |
| Tax % | 29.22 % | 19.88 % | 26.59 % | + 6.71 % | -2.63 % |
| Net Profit | Rs. 37.13 Cr | Rs. 29.31 Cr | Rs. 28.11 Cr | -4.09 % | -24.29 % |
| EPS in Rs | Rs. 3.22 | Rs. 2.54 | Rs. 2.44 | -3.94 % | -24.22 % |
Today, we’re looking at Bajaj Electricals 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 3.85 %. However, it did see a marginal slip of -2.79 % from the previous quarter. Expenses decreased slightly by -5.17 % quarter-on-quarter, aligning with the annual rise of 3.35 %. Operating profit, while up 11.57 % compared to last year, faced a quarter-on-quarter increase of 51.61 %, 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 0.45 %, but an expansion of 2.34 % sequentially. Other income fell by -52.72 % compared to the last quarter, despite an annual decline of -46.66 %. Interest expenses dropped significantly by -10.14 % from the previous quarter, yet the year-over-year increase remains at a moderate 37.1 %. Depreciation costs climbed by 5.86 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 39.14 %. Profit before tax declined annually by -27.78 % but saw an increase from the preceding quarter by 56.61 %.
Tax expenses as a percentage of profits decreased slightly by -2.63 % compared to last year, with a more notable quarter-on-quarter increase of 6.71 %. Net profit fell by -24.29 % year-on-year but witnessed a -4.09 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -24.22 % but a quarterly fall of -3.94 %. In summary, Bajaj Electricals 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. 1112.13 Cr | Rs. 1188.08 Cr | Rs. 1154.91 Cr | -2.79 % | + 3.85 % |
| Expenses | Rs. 1044.54 Cr | Rs. 1138.34 Cr | Rs. 1079.5 Cr | -5.17 % | + 3.35 % |
| Operating Profit | Rs. 67.59 Cr | Rs. 49.74 Cr | Rs. 75.41 Cr | + 51.61 % | + 11.57 % |
| Net Profit | Rs. 37.13 Cr | Rs. 29.31 Cr | Rs. 28.11 Cr | -4.09 % | -24.29 % |
| EPS in Rs | Rs. 3.22 | Rs. 2.54 | Rs. 2.44 | -3.94 % | -24.22 % |
In reviewing Bajaj Electricals Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 3.85 % year-on-year growth, although there was a slight dip of -2.79 % from the previous quarter. Expenses rose by 3.35 % compared to the previous year, with a decrease of -5.17 % quarter-on-quarter. Operating Profit surged by 11.57 % annually, and saw a 51.61 % increase from the last quarter.
Net Profit showed yearly decrease of -24.29 %, and experienced a -4.09 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -24.22 % annually, however dipped by -3.94 % compared to the last quarter. In essence, while Bajaj Electricals Limited faces strong annual decline 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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