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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 5.77 % in the past year, decrease in net sales/revenue by -7.74 %.
- 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 58 %. Marginal increase in other income during this quarter, up by 11.27%.
- Profit over the Year and quarter: Challenges in sustaining profitability for Rishi Techtex Limited. Profit dropped by -4.85 % Year to Year, Rishi Techtex Limited’s profitability increased by 22.12 % in this quarter.
- EPS over the Year and quarter: EPS declined by -5.36 % Year to Year. EPS increased by 23.26 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 25.962 Cr | Rs. 29.762 Cr | Rs. 27.459 Cr | -7.74 % | + 5.77 % |
| Expenses | Rs. 24.13 Cr | Rs. 27.49 Cr | Rs. 25.61 Cr | -6.84 % | + 6.13 % |
| Operating Profit | Rs. 1.83 Cr | Rs. 2.27 Cr | Rs. 1.85 Cr | -18.5 % | + 1.09 % |
| OPM % | 7.05 % | 7.63 % | 6.74 % | -0.89 % | -0.31 % |
| Other Income | Rs. 0.05 Cr | Rs. 0.071 Cr | Rs. 0.079 Cr | + 11.27 % | + 58 % |
| Interest | Rs. 0.59 Cr | Rs. 0.67 Cr | Rs. 0.69 Cr | + 2.99 % | + 16.95 % |
| Depreciation | Rs. 0.74 Cr | Rs. 0.69 Cr | Rs. 0.69 Cr | + 0 % | -6.76 % |
| Profit before tax | Rs. 0.55 Cr | Rs. 0.98 Cr | Rs. 0.55 Cr | -43.88 % | + 0 % |
| Tax % | 26.87 % | 67.41 % | 28.07 % | -39.34 % | + 1.2 % |
| Net Profit | Rs. 0.41 Cr | Rs. 0.32 Cr | Rs. 0.39 Cr | + 21.88 % | -4.88 % |
| EPS in Rs | Rs. 0.56 | Rs. 0.43 | Rs. 0.53 | + 23.26 % | -5.36 % |
Today, we’re looking at Rishi Techtex 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 5.77 %. However, it did see a marginal slip of -7.74 % from the previous quarter. Expenses decreased slightly by -6.84 % quarter-on-quarter, aligning with the annual rise of 6.13 %. Operating profit, while up 1.09 % compared to last year, faced a quarter-on-quarter dip of -18.5 %, 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 -0.31 %, but a shrinkage of -0.89 % sequentially. Other income rose by 11.27 % compared to the last quarter, despite an annual growth of 58 %. Interest expenses surged remarkably by 2.99 % from the previous quarter, yet the year-over-year increase remains at a moderate 16.95 %. Depreciation costs climbed by 0 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -6.76 %. Profit before tax grew annually by 0 % but saw a reduction from the preceding quarter by -43.88 %.
Tax expenses as a percentage of profits increased slightly by 1.2 % compared to last year, with a more notable quarter-on-quarter decrease of -39.34 %. Net profit fell by -4.88 % year-on-year but experienced a 21.88 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -5.36 % but a quarterly rise of 23.26 %. In summary, Rishi Techtex 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. 25.962 Cr | Rs. 29.762 Cr | Rs. 27.459 Cr | -7.74 % | + 5.77 % |
| Expenses | Rs. 24.13 Cr | Rs. 27.49 Cr | Rs. 25.61 Cr | -6.84 % | + 6.13 % |
| Operating Profit | Rs. 1.83 Cr | Rs. 2.27 Cr | Rs. 1.85 Cr | -18.5 % | + 1.09 % |
| Net Profit | Rs. 0.41 Cr | Rs. 0.32 Cr | Rs. 0.39 Cr | + 21.88 % | -4.88 % |
| EPS in Rs | Rs. 0.56 | Rs. 0.43 | Rs. 0.53 | + 23.26 % | -5.36 % |
In reviewing Rishi Techtex Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 5.77 % year-on-year growth, although there was a slight dip of -7.74 % from the previous quarter. Expenses rose by 6.13 % compared to the previous year, with a decrease of -6.84 % quarter-on-quarter. Operating Profit surged by 1.09 % annually, and saw a -18.5 % decrease from the last quarter.
Net Profit showed yearly decrease of -4.88 %, and experienced a 21.88 % increase from the previous quarter. Earnings Per Share (EPS) fell by -5.36 % annually, however rose by 23.26 % compared to the last quarter. In essence, while Rishi Techtex 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.
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