R&B Denims Reports Q1: Revenue Up by 50.79% Year-on-Year

The comprehensive analytics outlining the performance and outlook of R&B Denims 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.

Today, we’re looking at R&B Denims 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 50.79 %. However, it did see a marginal slip of -36.38 % from the previous quarter. Expenses decreased slightly by -38.08 % quarter-on-quarter, aligning with the annual rise of 67.88 %. Operating profit, while down -9.09 % compared to last year, faced a quarter-on-quarter dip of -22.57 %, 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 -8.83 %, but an expansion of 2.38 % sequentially. Other income fell by -4.34 % compared to the last quarter, despite an annual growth of 355.96 %. Interest expenses surged remarkably by 1157.14 % from the previous quarter, yet the year-over-year increase remains at a moderate 43.09 %. Depreciation costs fell by -18.68 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 43.15 %. Profit before tax declined annually by -16.05 % but saw a reduction from the preceding quarter by -36.63 %.
Tax expenses as a percentage of profits decreased slightly by -12.39 % compared to last year, with a more notable quarter-on-quarter decrease of -6.45 %. Net profit rose by 0 % year-on-year but witnessed a -30.86 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -16.44 % but a quarterly fall of -39 %. In summary, R&B Denims Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.

In reviewing R&B Denims Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 50.79 % year-on-year growth, although there was a slight dip of -36.38 % from the previous quarter. Expenses rose by 67.88 % compared to the previous year, with a decrease of -38.08 % quarter-on-quarter. Operating Profit dropped by -9.09 % annually, and saw a -22.57 % decrease from the last quarter.
Net Profit showed yearly increase of 0 %, and experienced a -30.86 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -16.44 % annually, however dipped by -39 % compared to the last quarter. In essence, while R&B Denims Limited 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.