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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 -44.59 % over the year, decrease in net sales/revenue by -17 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -73.15 %, Marginal decrease of -46.86% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Lakshmi Electrical Control Systems. Profit dropped by -85.05 % Year to Year, Lakshmi Electrical Control Systems’s profitability dropped by -60.3 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -85.07 % Year to Year. EPS decreased by -60.33 % 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. 92.792 Cr | Rs. 61.951 Cr | Rs. 51.419 Cr | -17 % | -44.59 % |
| Expenses | Rs. 86.91 Cr | Rs. 59.41 Cr | Rs. 50.21 Cr | -15.49 % | -42.23 % |
| Operating Profit | Rs. 5.88 Cr | Rs. 2.54 Cr | Rs. 1.21 Cr | -52.36 % | -79.42 % |
| OPM % | 6.34 % | 4.1 % | 2.35 % | -1.75 % | -3.99 % |
| Other Income | Rs. 2.488 Cr | Rs. 1.257 Cr | Rs. 0.668 Cr | -46.86 % | -73.15 % |
| Interest | Rs. 0.16 Cr | Rs. 0.1 Cr | Rs. 0.14 Cr | + 40 % | -12.5 % |
| Depreciation | Rs. 0.71 Cr | Rs. 0.85 Cr | Rs. 0.9 Cr | + 5.88 % | + 26.76 % |
| Profit before tax | Rs. 7.5 Cr | Rs. 2.85 Cr | Rs. 0.84 Cr | -70.53 % | -88.8 % |
| Tax % | 26.25 % | 27.13 % | 2.25 % | -24.88 % | -24 % |
| Net Profit | Rs. 5.53 Cr | Rs. 2.08 Cr | Rs. 0.83 Cr | -60.1 % | -84.99 % |
| EPS in Rs | Rs. 22.5 | Rs. 8.47 | Rs. 3.36 | -60.33 % | -85.07 % |
Today, we’re looking at Lakshmi Electrical Control Systems’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -44.59 %. However, it did see a marginal slip of -17 % from the previous quarter. Expenses decreased slightly by -15.49 % quarter-on-quarter, aligning with the annual decline of -42.23 %. Operating profit, while down -79.42 % compared to last year, faced a quarter-on-quarter dip of -52.36 %, 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 -3.99 %, but a shrinkage of -1.75 % sequentially. Other income fell by -46.86 % compared to the last quarter, despite an annual decline of -73.15 %. Interest expenses surged remarkably by 40 % from the previous quarter, yet the year-over-year decrease remains at a moderate -12.5 %. Depreciation costs climbed by 5.88 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 26.76 %. Profit before tax declined annually by -88.8 % but saw a reduction from the preceding quarter by -70.53 %.
Tax expenses as a percentage of profits decreased slightly by -24 % compared to last year, with a more notable quarter-on-quarter decrease of -24.88 %. Net profit fell by -84.99 % year-on-year but witnessed a -60.1 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -85.07 % but a quarterly fall of -60.33 %. In summary, Lakshmi Electrical Control Systems’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. 92.792 Cr | Rs. 61.951 Cr | Rs. 51.419 Cr | -17 % | -44.59 % |
| Expenses | Rs. 86.91 Cr | Rs. 59.41 Cr | Rs. 50.21 Cr | -15.49 % | -42.23 % |
| Operating Profit | Rs. 5.88 Cr | Rs. 2.54 Cr | Rs. 1.21 Cr | -52.36 % | -79.42 % |
| Net Profit | Rs. 5.53 Cr | Rs. 2.08 Cr | Rs. 0.83 Cr | -60.1 % | -84.99 % |
| EPS in Rs | Rs. 22.5 | Rs. 8.47 | Rs. 3.36 | -60.33 % | -85.07 % |
In reviewing Lakshmi Electrical Control Systems’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -44.59 % year-on-year, although there was a slight dip of -17 % from the previous quarter. Expenses decreased by -42.23 % compared to the previous year, with a decrease of -15.49 % quarter-on-quarter. Operating Profit dropped by -79.42 % annually, and saw a -52.36 % decrease from the last quarter.
Net Profit showed yearly decrease of -84.99 %, and experienced a -60.1 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -85.07 % annually, however dipped by -60.33 % compared to the last quarter. In essence, while Lakshmi Electrical Control Systems 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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