NGL Fine-Chem announced Financial Results Q1 2024

The comprehensive analytics outlining the performance and outlook of NGL Fine-Chem Limited‘s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

Today, we’re looking at NGL Fine-Chem 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 27.75 %. However, it did see a marginal slip of -9.03 % from the previous quarter. Expenses decreased slightly by -3.01 % quarter-on-quarter, aligning with the annual rise of 33.07 %. Operating profit, while down -5.27 % compared to last year, faced a quarter-on-quarter dip of -40.96 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -3.59 %, but a shrinkage of -5.57 % sequentially. Other income rose by 59.92 % compared to the last quarter, despite an annual growth of 77.15 %. Interest expenses dropped significantly by -10.2 % from the previous quarter, yet the year-over-year increase remains at a moderate 83.33 %. Depreciation costs climbed by 3.08 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 5.24 %. Profit before tax grew annually by 16.87 % but saw a reduction from the preceding quarter by -26.79 %.
Tax expenses as a percentage of profits increased slightly by 6.15 % compared to last year, with a more notable quarter-on-quarter decrease of -1.63 %. Net profit rose by 8.34 % year-on-year but witnessed a -25.22 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 8.35 % but a quarterly fall of -25.21 %. In summary, NGL Fine-Chem Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.

In reviewing NGL Fine-Chem Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 27.75 % year-on-year growth, although there was a slight dip of -9.03 % from the previous quarter. Expenses rose by 33.07 % compared to the previous year, with a decrease of -3.01 % quarter-on-quarter. Operating Profit dropped by -5.27 % annually, and saw a -40.96 % decrease from the last quarter.
Net Profit showed yearly increase of 8.34 %, and experienced a -25.22 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 8.35 % annually, however dipped by -25.21 % compared to the last quarter. In essence, while NGL Fine-Chem 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.