Share the post "Century Textiles & Industries Ltd.,’s Quarterly Result and Earnings Report for Q4(Mar 2024) : Sales decreased by 8.73 % in YoY and decreased by 9.7 % in QoQ"
Highlights
- Sales over the Year and quarter: The company’s sales declined by -8.73 % over the year, decrease in net sales/revenue by -9.7 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -643.03 %, Marginal decrease of -373.71% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Century Textiles & Industries Ltd.,. Profit dropped by -101.63 % Year to Year, Century Textiles & Industries Ltd.,’s profitability dropped by -102.51 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -101.64 % Year to Year. EPS decreased by -102.5 % 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. 1208.01 Cr | Rs. 1220.98 Cr | Rs. 1102.54 Cr | -9.7 % | -8.73 % |
| Expenses | Rs. 1048.42 Cr | Rs. 1010.87 Cr | Rs. 863.85 Cr | -14.54 % | -17.6 % |
| Operating Profit | Rs. 159.59 Cr | Rs. 210.11 Cr | Rs. 238.69 Cr | + 13.6 % | + 49.56 % |
| OPM % | 13.21 % | 17.21 % | 21.65 % | + 4.44 % | + 8.44 % |
| Other Income | Rs. 20.59 Cr | Rs. 40.85 Cr | Rs. -111.81 Cr | -373.71 % | -643.03 % |
| Interest | Rs. 24.15 Cr | Rs. 26.32 Cr | Rs. 19.51 Cr | -25.87 % | -19.21 % |
| Depreciation | Rs. 55.7 Cr | Rs. 58.64 Cr | Rs. 52.22 Cr | -10.95 % | -6.25 % |
| Profit before tax | Rs. 100.33 Cr | Rs. 166 Cr | Rs. 55.15 Cr | -66.78 % | -45.03 % |
| Tax % | 24.62 % | 30.67 % | 29.75 % | -0.92 % | + 5.13 % |
| Net Profit | Rs. 176.8 Cr | Rs. 115.08 Cr | Rs. -2.89 Cr | -102.51 % | -101.63 % |
| EPS in Rs | Rs. 15.83 | Rs. 10.4 | Rs. -0.26 | -102.5 % | -101.64 % |
Today, we’re looking at Century Textiles & Industries Ltd.,’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -8.73 %. However, it did see a marginal slip of -9.7 % from the previous quarter. Expenses decreased slightly by -14.54 % quarter-on-quarter, aligning with the annual decline of -17.6 %. Operating profit, while up 49.56 % compared to last year, faced a quarter-on-quarter increase of 13.6 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 8.44 %, but an expansion of 4.44 % sequentially. Other income fell by -373.71 % compared to the last quarter, despite an annual decline of -643.03 %. Interest expenses dropped significantly by -25.87 % from the previous quarter, yet the year-over-year decrease remains at a moderate -19.21 %. Depreciation costs fell by -10.95 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -6.25 %. Profit before tax declined annually by -45.03 % but saw a reduction from the preceding quarter by -66.78 %.
Tax expenses as a percentage of profits increased slightly by 5.13 % compared to last year, with a more notable quarter-on-quarter decrease of -0.92 %. Net profit fell by -101.63 % year-on-year but witnessed a -102.51 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -101.64 % but a quarterly fall of -102.5 %. In summary, Century Textiles & Industries 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. 1208.01 Cr | Rs. 1220.98 Cr | Rs. 1102.54 Cr | -9.7 % | -8.73 % |
| Expenses | Rs. 1048.42 Cr | Rs. 1010.87 Cr | Rs. 863.85 Cr | -14.54 % | -17.6 % |
| Operating Profit | Rs. 159.59 Cr | Rs. 210.11 Cr | Rs. 238.69 Cr | + 13.6 % | + 49.56 % |
| Net Profit | Rs. 176.8 Cr | Rs. 115.08 Cr | Rs. -2.89 Cr | -102.51 % | -101.63 % |
| EPS in Rs | Rs. 15.83 | Rs. 10.4 | Rs. -0.26 | -102.5 % | -101.64 % |
In reviewing Century Textiles & Industries Ltd.,’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -8.73 % year-on-year, although there was a slight dip of -9.7 % from the previous quarter. Expenses decreased by -17.6 % compared to the previous year, with a decrease of -14.54 % quarter-on-quarter. Operating Profit surged by 49.56 % annually, and saw a 13.6 % increase from the last quarter.
Net Profit showed yearly decrease of -101.63 %, and experienced a -102.51 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -101.64 % annually, however dipped by -102.5 % compared to the last quarter. In essence, while Century Textiles & Industries 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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