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Highlights
- The presented financial data is Standalone to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company’s sales declined by -22.65 % over the year, decrease in net sales/revenue by -29.86 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -95.68 %, Marginal decrease of -96.1% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Raj Oil Mills Limited. Profit dropped by -401.14 % Year to Year, Raj Oil Mills Limited’s profitability dropped by -868.93 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -247.22 % Year to Year. EPS decreased by -857.14 % 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. 27.425 Cr | Rs. 30.244 Cr | Rs. 21.213 Cr | -29.86 % | -22.65 % |
| Expenses | Rs. 27.39 Cr | Rs. 30.32 Cr | Rs. 21.27 Cr | -29.85 % | -22.34 % |
| Operating Profit | Rs. 0.04 Cr | Rs. -0.08 Cr | Rs. -0.06 Cr | + 25 % | -250 % |
| OPM % | 0.15 % | -0.26 % | -0.28 % | -0.02 % | -0.43 % |
| Other Income | Rs. 0.857 Cr | Rs. 0.948 Cr | Rs. 0.037 Cr | -96.1 % | -95.68 % |
| Interest | Rs. 0.13 Cr | Rs. 0.28 Cr | Rs. 0.27 Cr | -3.57 % | + 107.69 % |
| Depreciation | Rs. 0.46 Cr | Rs. 0.46 Cr | Rs. 0.47 Cr | + 2.17 % | + 2.17 % |
| Profit before tax | Rs. 0.31 Cr | Rs. 0.13 Cr | Rs. -0.76 Cr | -684.62 % | -345.16 % |
| Tax % | 11.78 % | 18.25 % | -3.4 % | -21.65 % | -15.18 % |
| Net Profit | Rs. 0.26 Cr | Rs. 0.1 Cr | Rs. -0.79 Cr | -890 % | -403.85 % |
| EPS in Rs | Rs. 0.36 | Rs. 0.07 | Rs. -0.53 | -857.14 % | -247.22 % |
Today, we’re looking at Raj Oil Mills 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 -22.65 %. However, it did see a marginal slip of -29.86 % from the previous quarter. Expenses decreased slightly by -29.85 % quarter-on-quarter, aligning with the annual decline of -22.34 %. Operating profit, while down -250 % compared to last year, faced a quarter-on-quarter increase of 25 %, 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 -0.43 %, but a shrinkage of -0.02 % sequentially. Other income fell by -96.1 % compared to the last quarter, despite an annual decline of -95.68 %. Interest expenses dropped significantly by -3.57 % from the previous quarter, yet the year-over-year increase remains at a moderate 107.69 %. Depreciation costs climbed by 2.17 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 2.17 %. Profit before tax declined annually by -345.16 % but saw a reduction from the preceding quarter by -684.62 %.
Tax expenses as a percentage of profits decreased slightly by -15.18 % compared to last year, with a more notable quarter-on-quarter decrease of -21.65 %. Net profit fell by -403.85 % year-on-year but witnessed a -890 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -247.22 % but a quarterly fall of -857.14 %. In summary, Raj Oil Mills 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. 27.425 Cr | Rs. 30.244 Cr | Rs. 21.213 Cr | -29.86 % | -22.65 % |
| Expenses | Rs. 27.39 Cr | Rs. 30.32 Cr | Rs. 21.27 Cr | -29.85 % | -22.34 % |
| Operating Profit | Rs. 0.04 Cr | Rs. -0.08 Cr | Rs. -0.06 Cr | + 25 % | -250 % |
| Net Profit | Rs. 0.26 Cr | Rs. 0.1 Cr | Rs. -0.79 Cr | -890 % | -403.85 % |
| EPS in Rs | Rs. 0.36 | Rs. 0.07 | Rs. -0.53 | -857.14 % | -247.22 % |
In reviewing Raj Oil Mills Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -22.65 % year-on-year, although there was a slight dip of -29.86 % from the previous quarter. Expenses decreased by -22.34 % compared to the previous year, with a decrease of -29.85 % quarter-on-quarter. Operating Profit dropped by -250 % annually, and saw a 25 % increase from the last quarter.
Net Profit showed yearly decrease of -403.85 %, and experienced a -890 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -247.22 % annually, however dipped by -857.14 % compared to the last quarter. In essence, while Raj Oil Mills Limited faces strong annual decline 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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