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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 experienced a substantial growth of 0.94 % in the past year, decrease in net sales/revenue by -12.23 %.
- 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 270.59 %. Marginal decrease of -89.22% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Garg Furnace Ltd.. Notable increase of 205.47 % in net profit Year to Year, Garg Furnace Ltd.’s profitability dropped by -44.72 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 164.84 % Year to Year. EPS decreased by -71.37 % 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. 61.75 Cr | Rs. 71.016 Cr | Rs. 62.328 Cr | -12.23 % | + 0.94 % |
| Expenses | Rs. 60.84 Cr | Rs. 68.92 Cr | Rs. 60.47 Cr | -12.26 % | -0.61 % |
| Operating Profit | Rs. 0.91 Cr | Rs. 2.1 Cr | Rs. 1.86 Cr | -11.43 % | + 104.4 % |
| OPM % | 1.47 % | 2.96 % | 2.98 % | + 0.02 % | + 1.51 % |
| Other Income | Rs. 0.034 Cr | Rs. 1.169 Cr | Rs. 0.126 Cr | -89.22 % | + 270.59 % |
| Interest | Rs. 0.05 Cr | Rs. 0.04 Cr | Rs. 0.03 Cr | -25 % | -40 % |
| Depreciation | Rs. 0.38 Cr | Rs. 0.4 Cr | Rs. 0.4 Cr | + 0 % | + 5.26 % |
| Profit before tax | Rs. 0.51 Cr | Rs. 2.83 Cr | Rs. 1.56 Cr | -44.88 % | + 205.88 % |
| Tax % | 0 % | 0 % | 0 % | 0 % | 0 % |
| Net Profit | Rs. 0.51 Cr | Rs. 2.83 Cr | Rs. 1.56 Cr | -44.88 % | + 205.88 % |
| EPS in Rs | Rs. 1.28 | Rs. 4.79 | Rs. 2.91 | -39.25 % | + 127.34 % |
Today, we’re looking at Garg Furnace Ltd.’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 0.94 %. However, it did see a marginal slip of -12.23 % from the previous quarter. Expenses decreased slightly by -12.26 % quarter-on-quarter, aligning with the annual decline of -0.61 %. Operating profit, while up 104.4 % compared to last year, faced a quarter-on-quarter dip of -11.43 %, 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 1.51 %, but an expansion of 0.02 % sequentially. Other income fell by -89.22 % compared to the last quarter, despite an annual growth of 270.59 %. Interest expenses dropped significantly by -25 % from the previous quarter, yet the year-over-year decrease remains at a moderate -40 %. Depreciation costs climbed by 0 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 5.26 %. Profit before tax grew annually by 205.88 % but saw a reduction from the preceding quarter by -44.88 %.
Net profit rose by 205.88 % year-on-year but witnessed a -44.88 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 127.34 % but a quarterly fall of -39.25 %. In summary, Garg Furnace 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. 61.75 Cr | Rs. 71.016 Cr | Rs. 62.328 Cr | -12.23 % | + 0.94 % |
| Expenses | Rs. 60.84 Cr | Rs. 68.92 Cr | Rs. 60.47 Cr | -12.26 % | -0.61 % |
| Operating Profit | Rs. 0.91 Cr | Rs. 2.1 Cr | Rs. 1.86 Cr | -11.43 % | + 104.4 % |
| Net Profit | Rs. 0.51 Cr | Rs. 2.83 Cr | Rs. 1.56 Cr | -44.88 % | + 205.88 % |
| EPS in Rs | Rs. 1.28 | Rs. 4.79 | Rs. 2.91 | -39.25 % | + 127.34 % |
In reviewing Garg Furnace Ltd.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 0.94 % year-on-year growth, although there was a slight dip of -12.23 % from the previous quarter. Expenses decreased by -0.61 % compared to the previous year, with a decrease of -12.26 % quarter-on-quarter. Operating Profit surged by 104.4 % annually, and saw a -11.43 % decrease from the last quarter.
Net Profit showed yearly increase of 205.88 %, and experienced a -44.88 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 127.34 % annually, however dipped by -39.25 % compared to the last quarter. In essence, while Garg Furnace 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.
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