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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 18.82 % in the past year, decrease in net sales/revenue by -12.46 %.
- Income over the Year and quarter: There has been either a marginal increase or a decline in other income over the past year which is 2.93 %. Marginal increase in other income during this quarter, up by 15.39%.
- Profit over the Year and quarter: Significant improvement in profitability for CARE Ratings Limited. Notable increase of 16.49 % in net profit Year to Year, CARE Ratings Limited’s profitability dropped by -12.9 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 15.67 % Year to Year. EPS decreased by -14 % 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. 66.419 Cr | Rs. 90.148 Cr | Rs. 78.92 Cr | -12.46 % | + 18.82 % |
| Expenses | Rs. 48.59 Cr | Rs. 61.11 Cr | Rs. 57.1 Cr | -6.56 % | + 17.51 % |
| Operating Profit | Rs. 17.83 Cr | Rs. 29.04 Cr | Rs. 21.82 Cr | -24.86 % | + 22.38 % |
| OPM % | 26.84 % | 32.21 % | 27.65 % | -4.56 % | + 0.81 % |
| Other Income | Rs. 11.533 Cr | Rs. 10.288 Cr | Rs. 11.871 Cr | + 15.39 % | + 2.93 % |
| Interest | Rs. 0.38 Cr | Rs. 0.46 Cr | Rs. 0.46 Cr | + 0 % | + 21.05 % |
| Depreciation | Rs. 2.57 Cr | Rs. 2.67 Cr | Rs. 2.8 Cr | + 4.87 % | + 8.95 % |
| Profit before tax | Rs. 26.41 Cr | Rs. 36.2 Cr | Rs. 30.43 Cr | -15.94 % | + 15.22 % |
| Tax % | 30.51 % | 32.16 % | 29.72 % | -2.44 % | -0.79 % |
| Net Profit | Rs. 18.36 Cr | Rs. 24.55 Cr | Rs. 21.38 Cr | -12.91 % | + 16.45 % |
| EPS in Rs | Rs. 5.99 | Rs. 8.03 | Rs. 6.91 | -13.95 % | + 15.36 % |
Today, we’re looking at CARE Ratings 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 18.82 %. However, it did see a marginal slip of -12.46 % from the previous quarter. Expenses decreased slightly by -6.56 % quarter-on-quarter, aligning with the annual rise of 17.51 %. Operating profit, while up 22.38 % compared to last year, faced a quarter-on-quarter dip of -24.86 %, 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 0.81 %, but a shrinkage of -4.56 % sequentially. Other income rose by 15.39 % compared to the last quarter, despite an annual growth of 2.93 %. Interest expenses surged remarkably by 0 % from the previous quarter, yet the year-over-year increase remains at a moderate 21.05 %. Depreciation costs climbed by 4.87 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 8.95 %. Profit before tax grew annually by 15.22 % but saw a reduction from the preceding quarter by -15.94 %.
Tax expenses as a percentage of profits decreased slightly by -0.79 % compared to last year, with a more notable quarter-on-quarter decrease of -2.44 %. Net profit rose by 16.45 % year-on-year but witnessed a -12.91 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 15.36 % but a quarterly fall of -13.95 %. In summary, CARE Ratings 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. 66.419 Cr | Rs. 90.148 Cr | Rs. 78.92 Cr | -12.46 % | + 18.82 % |
| Expenses | Rs. 48.59 Cr | Rs. 61.11 Cr | Rs. 57.1 Cr | -6.56 % | + 17.51 % |
| Operating Profit | Rs. 17.83 Cr | Rs. 29.04 Cr | Rs. 21.82 Cr | -24.86 % | + 22.38 % |
| Net Profit | Rs. 18.36 Cr | Rs. 24.55 Cr | Rs. 21.38 Cr | -12.91 % | + 16.45 % |
| EPS in Rs | Rs. 5.99 | Rs. 8.03 | Rs. 6.91 | -13.95 % | + 15.36 % |
In reviewing CARE Ratings Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 18.82 % year-on-year growth, although there was a slight dip of -12.46 % from the previous quarter. Expenses rose by 17.51 % compared to the previous year, with a decrease of -6.56 % quarter-on-quarter. Operating Profit surged by 22.38 % annually, and saw a -24.86 % decrease from the last quarter.
Net Profit showed yearly increase of 16.45 %, and experienced a -12.91 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 15.36 % annually, however dipped by -13.95 % compared to the last quarter. In essence, while CARE Ratings 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.
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