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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 -20.38 % over the year, decrease in net sales/revenue by -2.99 %.
- 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 120.57 %. Marginal decrease of -87.82% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Inox Green Energy Services Limited. Notable increase of 40.2 % in net profit Year to Year, Inox Green Energy Services Limited’s profitability dropped by -79.85 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -20.00 % Year to Year. EPS decreased by -82.98 % 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. 63.88 Cr | Rs. 52.43 Cr | Rs. 50.86 Cr | -2.99 % | -20.38 % |
Expenses | Rs. 35.28 Cr | Rs. 40.89 Cr | Rs. 33.94 Cr | -17 % | -3.8 % |
Operating Profit | Rs. 28.6 Cr | Rs. 11.54 Cr | Rs. 16.92 Cr | + 46.62 % | -40.84 % |
OPM % | 44.77 % | 22.01 % | 33.27 % | + 11.26 % | -11.5 % |
Other Income | Rs. 1.75 Cr | Rs. 31.69 Cr | Rs. 3.86 Cr | -87.82 % | + 120.57 % |
Interest | Rs. 9.91 Cr | Rs. 9.32 Cr | Rs. 5.75 Cr | -38.3 % | -41.98 % |
Depreciation | Rs. 16.09 Cr | Rs. 13.16 Cr | Rs. 13.25 Cr | + 0.68 % | -17.65 % |
Profit before tax | Rs. 4.35 Cr | Rs. 20.75 Cr | Rs. 1.78 Cr | -91.42 % | -59.08 % |
Tax % | 31.95 % | 3.86 % | 47.19 % | + 43.33 % | + 15.24 % |
Net Profit | Rs. 2.96 Cr | Rs. 20.6 Cr | Rs. 4.15 Cr | -79.85 % | + 40.2 % |
EPS in Rs | Rs. 0.1 | Rs. 0.47 | Rs. 0.08 | -82.98 % | -20 % |
Today, we’re looking at Inox Green Energy Services Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -20.38 %. However, it did see a marginal slip of -2.99 % from the previous quarter. Expenses decreased slightly by -17 % quarter-on-quarter, aligning with the annual decline of -3.8 %. Operating profit, while down -40.84 % compared to last year, faced a quarter-on-quarter increase of 46.62 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -11.5 %, but an expansion of 11.26 % sequentially. Other income fell by -87.82 % compared to the last quarter, despite an annual growth of 120.57 %. Interest expenses dropped significantly by -38.3 % from the previous quarter, yet the year-over-year decrease remains at a moderate -41.98 %. Depreciation costs climbed by 0.68 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -17.65 %. Profit before tax declined annually by -59.08 % but saw a reduction from the preceding quarter by -91.42 %.
Tax expenses as a percentage of profits increased slightly by 15.24 % compared to last year, with a more notable quarter-on-quarter increase of 43.33 %. Net profit rose by 40.2 % year-on-year but witnessed a -79.85 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -20 % but a quarterly fall of -82.98 %. In summary, Inox Green Energy Services 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. 63.88 Cr | Rs. 52.43 Cr | Rs. 50.86 Cr | -2.99 % | -20.38 % |
Expenses | Rs. 35.28 Cr | Rs. 40.89 Cr | Rs. 33.94 Cr | -17 % | -3.8 % |
Operating Profit | Rs. 28.6 Cr | Rs. 11.54 Cr | Rs. 16.92 Cr | + 46.62 % | -40.84 % |
Net Profit | Rs. 2.96 Cr | Rs. 20.6 Cr | Rs. 4.15 Cr | -79.85 % | + 40.2 % |
EPS in Rs | Rs. 0.1 | Rs. 0.47 | Rs. 0.08 | -82.98 % | -20 % |
In reviewing Inox Green Energy Services Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -20.38 % year-on-year, although there was a slight dip of -2.99 % from the previous quarter. Expenses decreased by -3.8 % compared to the previous year, with a decrease of -17 % quarter-on-quarter. Operating Profit dropped by -40.84 % annually, and saw a 46.62 % increase from the last quarter.
Net Profit showed yearly increase of 40.2 %, and experienced a -79.85 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -20 % annually, however dipped by -82.98 % compared to the last quarter. In essence, while Inox Green Energy Services 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.