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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 32.32 % in the past year, decrease in net sales/revenue by -12.37 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -21.82 %, Marginal increase in other income during this quarter, up by 508.08%.
- Profit over the Year and quarter: Significant improvement in profitability for Cochin Minerals & Rutile Ltd.,. Notable increase of 162.58 % in net profit Year to Year, Cochin Minerals & Rutile Ltd.,’s profitability dropped by -185.96 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 162.98 % Year to Year. EPS decreased by -185.97 % 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. 66.765 Cr | Rs. 100.82 Cr | Rs. 88.345 Cr | -12.37 % | + 32.32 % |
| Expenses | Rs. 63.87 Cr | Rs. 83.99 Cr | Rs. 79.61 Cr | -5.21 % | + 24.64 % |
| Operating Profit | Rs. 2.9 Cr | Rs. 16.83 Cr | Rs. 8.74 Cr | -48.07 % | + 201.38 % |
| OPM % | 4.34 % | 16.69 % | 9.89 % | -6.8 % | + 5.55 % |
| Other Income | Rs. 0.77 Cr | Rs. 0.099 Cr | Rs. 0.602 Cr | + 508.08 % | -21.82 % |
| Interest | Rs. 0.08 Cr | Rs. 0.12 Cr | Rs. 0.1 Cr | -16.67 % | + 25 % |
| Depreciation | Rs. 0.17 Cr | Rs. 0.27 Cr | Rs. 0.24 Cr | -11.11 % | + 41.18 % |
| Profit before tax | Rs. 3.42 Cr | Rs. 16.54 Cr | Rs. 9 Cr | -45.59 % | + 163.16 % |
| Tax % | 33.59 % | 141.85 % | 33.91 % | -107.94 % | + 0.32 % |
| Net Profit | Rs. 2.27 Cr | Rs. -6.92 Cr | Rs. 5.95 Cr | + 185.98 % | + 162.11 % |
| EPS in Rs | Rs. 2.89 | Rs. -8.84 | Rs. 7.6 | + 185.97 % | + 162.98 % |
Today, we’re looking at Cochin Minerals & Rutile 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 32.32 %. However, it did see a marginal slip of -12.37 % from the previous quarter. Expenses decreased slightly by -5.21 % quarter-on-quarter, aligning with the annual rise of 24.64 %. Operating profit, while up 201.38 % compared to last year, faced a quarter-on-quarter dip of -48.07 %, 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 5.55 %, but a shrinkage of -6.8 % sequentially. Other income rose by 508.08 % compared to the last quarter, despite an annual decline of -21.82 %. Interest expenses dropped significantly by -16.67 % from the previous quarter, yet the year-over-year increase remains at a moderate 25 %. Depreciation costs fell by -11.11 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 41.18 %. Profit before tax grew annually by 163.16 % but saw a reduction from the preceding quarter by -45.59 %.
Tax expenses as a percentage of profits increased slightly by 0.32 % compared to last year, with a more notable quarter-on-quarter decrease of -107.94 %. Net profit rose by 162.11 % year-on-year but experienced a 185.98 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 162.98 % but a quarterly rise of 185.97 %. In summary, Cochin Minerals & Rutile 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. 66.765 Cr | Rs. 100.82 Cr | Rs. 88.345 Cr | -12.37 % | + 32.32 % |
| Expenses | Rs. 63.87 Cr | Rs. 83.99 Cr | Rs. 79.61 Cr | -5.21 % | + 24.64 % |
| Operating Profit | Rs. 2.9 Cr | Rs. 16.83 Cr | Rs. 8.74 Cr | -48.07 % | + 201.38 % |
| Net Profit | Rs. 2.27 Cr | Rs. -6.92 Cr | Rs. 5.95 Cr | + 185.98 % | + 162.11 % |
| EPS in Rs | Rs. 2.89 | Rs. -8.84 | Rs. 7.6 | + 185.97 % | + 162.98 % |
In reviewing Cochin Minerals & Rutile Ltd.,’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 32.32 % year-on-year growth, although there was a slight dip of -12.37 % from the previous quarter. Expenses rose by 24.64 % compared to the previous year, with a decrease of -5.21 % quarter-on-quarter. Operating Profit surged by 201.38 % annually, and saw a -48.07 % decrease from the last quarter.
Net Profit showed yearly increase of 162.11 %, and experienced a 185.98 % increase from the previous quarter. Earnings Per Share (EPS) rose by 162.98 % annually, however rose by 185.97 % compared to the last quarter. In essence, while Cochin Minerals & Rutile Ltd., exhibits strong annual growth indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.
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