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CHENNAI FERROUS INDUSTRIES ‘s Latest Q1 Report: Profit Up by 23.4% Year-on-Year

September 17, 2024September 17, 2024| adminadmin| 0 Comments| 11:40 pm
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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 -22.98 % over the year, substantial increase in net sales/revenue by 273.01 %.
  • 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 17.26 %. Marginal decrease of -48.34% in other income during this quarter.
  • Profit over the Year and quarter: Significant improvement in profitability for CHENNAI FERROUS INDUSTRIES LIMITED. Notable increase of 23.07 % in net profit Year to Year, CHENNAI FERROUS INDUSTRIES LIMITED’s profitability increased by 247.8 % in this quarter.
  • EPS over the Year and quarter: EPS increased by 22.96 % Year to Year. EPS increased by 246.76 % in previous quarter. Positive impact on shareholders.

The comprehensive analytics outlining the performance and outlook of CHENNAI FERROUS INDUSTRIES LIMITED‘s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

Metrics Previous Year Previous Quarter Current Quarter Quarter to Quarter Difference Year to Year Difference
Sales Rs. 94.728 Cr Rs. 19.56 Cr Rs. 72.961 Cr + 273.01 % -22.98 %
Expenses Rs. 93.95 Cr Rs. 20.85 Cr Rs. 71.49 Cr + 242.88 % -23.91 %
Operating Profit Rs. 0.78 Cr Rs. -1.29 Cr Rs. 1.47 Cr + 213.95 % + 88.46 %
OPM % 0.82 % -6.6 % 2.01 % + 8.61 % + 1.19 %
Other Income Rs. 0.956 Cr Rs. 2.17 Cr Rs. 1.121 Cr -48.34 % + 17.26 %
Interest Rs. 0.05 Cr Rs. 0.05 Cr Rs. 0 Cr 0 % 0 %
Depreciation Rs. 0.27 Cr Rs. 0.33 Cr Rs. 0.27 Cr -18.18 % + 0 %
Profit before tax Rs. 1.42 Cr Rs. 0.5 Cr Rs. 2.32 Cr + 364 % + 63.38 %
Tax % 0 % 0 % 25.17 % + 25.17 % + 25.17 %
Net Profit Rs. 1.41 Cr Rs. 0.5 Cr Rs. 1.74 Cr + 248 % + 23.4 %
EPS in Rs Rs. 3.92 Rs. 1.39 Rs. 4.82 + 246.76 % + 22.96 %


Today, we’re looking at CHENNAI FERROUS INDUSTRIES LIMITED’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -22.98 %. However, it did see a marginal increase of 273.01 % from the previous quarter. Expenses ticked up slightly by 242.88 % quarter-on-quarter, aligning with the annual decline of -23.91 %. Operating profit, while up 88.46 % compared to last year, faced a quarter-on-quarter increase of 213.95 %, 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 1.19 %, but an expansion of 8.61 % sequentially. Other income fell by -48.34 % compared to the last quarter, despite an annual growth of 17.26 %. Depreciation costs fell by -18.18 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 0 %. Profit before tax grew annually by 63.38 % but saw an increase from the preceding quarter by 364 %.
Tax expenses as a percentage of profits increased slightly by 25.17 % compared to last year, with a more notable quarter-on-quarter increase of 25.17 %. Net profit rose by 23.4 % year-on-year but experienced a 248 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 22.96 % but a quarterly rise of 246.76 %. In summary, CHENNAI FERROUS INDUSTRIES 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. 94.728 Cr Rs. 19.56 Cr Rs. 72.961 Cr + 273.01 % -22.98 %
Expenses Rs. 93.95 Cr Rs. 20.85 Cr Rs. 71.49 Cr + 242.88 % -23.91 %
Operating Profit Rs. 0.78 Cr Rs. -1.29 Cr Rs. 1.47 Cr + 213.95 % + 88.46 %
Net Profit Rs. 1.41 Cr Rs. 0.5 Cr Rs. 1.74 Cr + 248 % + 23.4 %
EPS in Rs Rs. 3.92 Rs. 1.39 Rs. 4.82 + 246.76 % + 22.96 %


In reviewing CHENNAI FERROUS INDUSTRIES LIMITED’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -22.98 % year-on-year, however, there was a minor increase of 273.01 % from the previous quarter. Expenses decreased by -23.91 % compared to the previous year, with a 242.88 % increase quarter-on-quarter. Operating Profit surged by 88.46 % annually, and saw a 213.95 % increase from the last quarter.
Net Profit showed yearly increase of 23.4 %, and experienced a 248 % increase from the previous quarter. Earnings Per Share (EPS) rose by 22.96 % annually, however rose by 246.76 % compared to the last quarter. In essence, while CHENNAI FERROUS INDUSTRIES 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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