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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 19.27 % in the past year, decrease in net sales/revenue by -18.43 %.
- 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 583.78 %. Marginal increase in other income during this quarter, up by 91.67%.
- Profit over the Year and quarter: Significant improvement in profitability for Nidhi Granites Limited. Notable increase of 796.43 % in net profit Year to Year, Nidhi Granites Limited’s profitability increased by 692.63 % in this quarter.
- EPS over the Year and quarter: EPS increased by 193.75 % Year to Year. EPS increased by 327.27 % in previous quarter. Positive impact on shareholders.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 7.785 Cr | Rs. 11.383 Cr | Rs. 9.285 Cr | -18.43 % | + 19.27 % |
Expenses | Rs. 7.5 Cr | Rs. 11.2 Cr | Rs. 8.54 Cr | -23.75 % | + 13.87 % |
Operating Profit | Rs. 0.28 Cr | Rs. 0.18 Cr | Rs. 0.75 Cr | + 316.67 % | + 167.86 % |
OPM % | 3.6 % | 1.58 % | 8.08 % | + 6.5 % | + 4.48 % |
Other Income | Rs. 0.074 Cr | Rs. 0.264 Cr | Rs. 0.506 Cr | + 91.67 % | + 583.78 % |
Interest | Rs. 0.09 Cr | Rs. 0.1 Cr | Rs. 0.11 Cr | + 10 % | + 22.22 % |
Depreciation | Rs. 0.16 Cr | Rs. 0.19 Cr | Rs. 0.17 Cr | -10.53 % | + 6.25 % |
Profit before tax | Rs. 0.1 Cr | Rs. 0.15 Cr | Rs. 0.98 Cr | + 553.33 % | + 880 % |
Tax % | 25 % | 42.07 % | 22.13 % | -19.94 % | -2.87 % |
Net Profit | Rs. 0.08 Cr | Rs. 0.1 Cr | Rs. 0.75 Cr | + 650 % | + 837.5 % |
EPS in Rs | Rs. 0.32 | Rs. 0.22 | Rs. 0.94 | + 327.27 % | + 193.75 % |
Today, we’re looking at Nidhi Granites Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 19.27 %. However, it did see a marginal slip of -18.43 % from the previous quarter. Expenses decreased slightly by -23.75 % quarter-on-quarter, aligning with the annual rise of 13.87 %. Operating profit, while up 167.86 % compared to last year, faced a quarter-on-quarter increase of 316.67 %, 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 4.48 %, but an expansion of 6.5 % sequentially. Other income rose by 91.67 % compared to the last quarter, despite an annual growth of 583.78 %. Interest expenses surged remarkably by 10 % from the previous quarter, yet the year-over-year increase remains at a moderate 22.22 %. Depreciation costs fell by -10.53 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 6.25 %. Profit before tax grew annually by 880 % but saw an increase from the preceding quarter by 553.33 %.
Tax expenses as a percentage of profits decreased slightly by -2.87 % compared to last year, with a more notable quarter-on-quarter decrease of -19.94 %. Net profit rose by 837.5 % year-on-year but experienced a 650 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 193.75 % but a quarterly rise of 327.27 %. In summary, Nidhi Granites Limited’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. 7.785 Cr | Rs. 11.383 Cr | Rs. 9.285 Cr | -18.43 % | + 19.27 % |
Expenses | Rs. 7.5 Cr | Rs. 11.2 Cr | Rs. 8.54 Cr | -23.75 % | + 13.87 % |
Operating Profit | Rs. 0.28 Cr | Rs. 0.18 Cr | Rs. 0.75 Cr | + 316.67 % | + 167.86 % |
Net Profit | Rs. 0.08 Cr | Rs. 0.1 Cr | Rs. 0.75 Cr | + 650 % | + 837.5 % |
EPS in Rs | Rs. 0.32 | Rs. 0.22 | Rs. 0.94 | + 327.27 % | + 193.75 % |
In reviewing Nidhi Granites Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 19.27 % year-on-year growth, although there was a slight dip of -18.43 % from the previous quarter. Expenses rose by 13.87 % compared to the previous year, with a decrease of -23.75 % quarter-on-quarter. Operating Profit surged by 167.86 % annually, and saw a 316.67 % increase from the last quarter.
Net Profit showed yearly increase of 837.5 %, and experienced a 650 % increase from the previous quarter. Earnings Per Share (EPS) rose by 193.75 % annually, however rose by 327.27 % compared to the last quarter. In essence, while Nidhi Granites Limited 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.