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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 -15.83 % over the year, decrease in net sales/revenue by -38.89 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -11.65 %, Marginal decrease of -35.13% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for IRCON International Ltd. Notable increase of 19.57 % in net profit Year to Year, IRCON International Ltd’s profitability dropped by -9.17 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 19.60 % Year to Year. EPS decreased by -9.16 % 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. 2717.15 Cr | Rs. 3742.71 Cr | Rs. 2287.13 Cr | -38.89 % | -15.83 % |
| Expenses | Rs. 2512.77 Cr | Rs. 3470.09 Cr | Rs. 2036.62 Cr | -41.31 % | -18.95 % |
| Operating Profit | Rs. 204.38 Cr | Rs. 272.62 Cr | Rs. 250.51 Cr | -8.11 % | + 22.57 % |
| OPM % | 7.52 % | 7.28 % | 10.95 % | + 3.67 % | + 3.43 % |
| Other Income | Rs. 111.11 Cr | Rs. 151.34 Cr | Rs. 98.17 Cr | -35.13 % | -11.65 % |
| Interest | Rs. 33.31 Cr | Rs. 40.92 Cr | Rs. 48.15 Cr | + 17.67 % | + 44.55 % |
| Depreciation | Rs. 19.13 Cr | Rs. 27.11 Cr | Rs. 27.47 Cr | + 1.33 % | + 43.6 % |
| Profit before tax | Rs. 263.05 Cr | Rs. 355.93 Cr | Rs. 273.06 Cr | -23.28 % | + 3.81 % |
| Tax % | 28.3 % | 29.56 % | 21.16 % | -8.4 % | -7.14 % |
| Net Profit | Rs. 187.37 Cr | Rs. 246.66 Cr | Rs. 224.03 Cr | -9.17 % | + 19.57 % |
| EPS in Rs | Rs. 1.99 | Rs. 2.62 | Rs. 2.38 | -9.16 % | + 19.6 % |
Today, we’re looking at IRCON International Ltd’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -15.83 %. However, it did see a marginal slip of -38.89 % from the previous quarter. Expenses decreased slightly by -41.31 % quarter-on-quarter, aligning with the annual decline of -18.95 %. Operating profit, while up 22.57 % compared to last year, faced a quarter-on-quarter dip of -8.11 %, 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 3.43 %, but an expansion of 3.67 % sequentially. Other income fell by -35.13 % compared to the last quarter, despite an annual decline of -11.65 %. Interest expenses surged remarkably by 17.67 % from the previous quarter, yet the year-over-year increase remains at a moderate 44.55 %. Depreciation costs climbed by 1.33 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 43.6 %. Profit before tax grew annually by 3.81 % but saw a reduction from the preceding quarter by -23.28 %.
Tax expenses as a percentage of profits decreased slightly by -7.14 % compared to last year, with a more notable quarter-on-quarter decrease of -8.4 %. Net profit rose by 19.57 % year-on-year but witnessed a -9.17 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 19.6 % but a quarterly fall of -9.16 %. In summary, IRCON International 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. 2717.15 Cr | Rs. 3742.71 Cr | Rs. 2287.13 Cr | -38.89 % | -15.83 % |
| Expenses | Rs. 2512.77 Cr | Rs. 3470.09 Cr | Rs. 2036.62 Cr | -41.31 % | -18.95 % |
| Operating Profit | Rs. 204.38 Cr | Rs. 272.62 Cr | Rs. 250.51 Cr | -8.11 % | + 22.57 % |
| Net Profit | Rs. 187.37 Cr | Rs. 246.66 Cr | Rs. 224.03 Cr | -9.17 % | + 19.57 % |
| EPS in Rs | Rs. 1.99 | Rs. 2.62 | Rs. 2.38 | -9.16 % | + 19.6 % |
In reviewing IRCON International Ltd’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -15.83 % year-on-year, although there was a slight dip of -38.89 % from the previous quarter. Expenses decreased by -18.95 % compared to the previous year, with a decrease of -41.31 % quarter-on-quarter. Operating Profit surged by 22.57 % annually, and saw a -8.11 % decrease from the last quarter.
Net Profit showed yearly increase of 19.57 %, and experienced a -9.17 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 19.6 % annually, however dipped by -9.16 % compared to the last quarter. In essence, while IRCON International 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.
