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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 experienced a substantial growth of 4.93 % in the past year, substantial increase in net sales/revenue by 3.23 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -27.14 %, Marginal decrease of -57.78% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Nitta Gelatin India Ltd. Profit dropped by -30.25 % Year to Year, Nitta Gelatin India Ltd’s profitability increased by 46.28 % in this quarter.
- EPS over the Year and quarter: EPS declined by -28.56 % Year to Year. EPS increased by 41.02 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 128.292 Cr | Rs. 130.399 Cr | Rs. 134.612 Cr | + 3.23 % | + 4.93 % |
| Expenses | Rs. 89.52 Cr | Rs. 110.28 Cr | Rs. 106.53 Cr | -3.4 % | + 19 % |
| Operating Profit | Rs. 38.77 Cr | Rs. 20.12 Cr | Rs. 28.08 Cr | + 39.56 % | -27.57 % |
| OPM % | 30.22 % | 15.43 % | 20.86 % | + 5.43 % | -9.36 % |
| Other Income | Rs. 2.992 Cr | Rs. 5.164 Cr | Rs. 2.18 Cr | -57.78 % | -27.14 % |
| Interest | Rs. 0.35 Cr | Rs. 1.55 Cr | Rs. 0.2 Cr | -87.1 % | -42.86 % |
| Depreciation | Rs. 3.66 Cr | Rs. 3.82 Cr | Rs. 3.52 Cr | -7.85 % | -3.83 % |
| Profit before tax | Rs. 37.75 Cr | Rs. 19.91 Cr | Rs. 26.54 Cr | + 33.3 % | -29.7 % |
| Tax % | 25.43 % | 32.57 % | 26.01 % | -6.56 % | + 0.58 % |
| Net Profit | Rs. 28.15 Cr | Rs. 13.42 Cr | Rs. 19.64 Cr | + 46.35 % | -30.23 % |
| EPS in Rs | Rs. 30.32 | Rs. 15.36 | Rs. 21.66 | + 41.02 % | -28.56 % |
Today, we’re looking at Nitta Gelatin India 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 4.93 %. However, it did see a marginal increase of 3.23 % from the previous quarter. Expenses decreased slightly by -3.4 % quarter-on-quarter, aligning with the annual rise of 19 %. Operating profit, while down -27.57 % compared to last year, faced a quarter-on-quarter increase of 39.56 %, 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 -9.36 %, but an expansion of 5.43 % sequentially. Other income fell by -57.78 % compared to the last quarter, despite an annual decline of -27.14 %. Interest expenses dropped significantly by -87.1 % from the previous quarter, yet the year-over-year decrease remains at a moderate -42.86 %. Depreciation costs fell by -7.85 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -3.83 %. Profit before tax declined annually by -29.7 % but saw an increase from the preceding quarter by 33.3 %.
Tax expenses as a percentage of profits increased slightly by 0.58 % compared to last year, with a more notable quarter-on-quarter decrease of -6.56 %. Net profit fell by -30.23 % year-on-year but experienced a 46.35 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -28.56 % but a quarterly rise of 41.02 %. In summary, Nitta Gelatin India 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. 128.292 Cr | Rs. 130.399 Cr | Rs. 134.612 Cr | + 3.23 % | + 4.93 % |
| Expenses | Rs. 89.52 Cr | Rs. 110.28 Cr | Rs. 106.53 Cr | -3.4 % | + 19 % |
| Operating Profit | Rs. 38.77 Cr | Rs. 20.12 Cr | Rs. 28.08 Cr | + 39.56 % | -27.57 % |
| Net Profit | Rs. 28.15 Cr | Rs. 13.42 Cr | Rs. 19.64 Cr | + 46.35 % | -30.23 % |
| EPS in Rs | Rs. 30.32 | Rs. 15.36 | Rs. 21.66 | + 41.02 % | -28.56 % |
In reviewing Nitta Gelatin India Ltd’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 4.93 % year-on-year growth, however, there was a minor increase of 3.23 % from the previous quarter. Expenses rose by 19 % compared to the previous year, with a decrease of -3.4 % quarter-on-quarter. Operating Profit dropped by -27.57 % annually, and saw a 39.56 % increase from the last quarter.
Net Profit showed yearly decrease of -30.23 %, and experienced a 46.35 % increase from the previous quarter. Earnings Per Share (EPS) fell by -28.56 % annually, however rose by 41.02 % compared to the last quarter. In essence, while Nitta Gelatin India Ltd faces strong annual decline 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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