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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’s sales declined by -14.8 % over the year, decrease in net sales/revenue by -1.35 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -5.49 %, Marginal increase in other income during this quarter, up by 1.71%.
- Profit over the Year and quarter: Challenges in sustaining profitability for Reliance Industrial Infrastructure Limited. Profit dropped by -1.73 % Year to Year, Reliance Industrial Infrastructure Limited’s profitability increased by 7.69 % in this quarter.
- EPS over the Year and quarter: EPS declined by -1.43 % Year to Year. EPS increased by 7.81 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 14.362 Cr | Rs. 12.403 Cr | Rs. 12.236 Cr | -1.35 % | -14.8 % |
| Expenses | Rs. 15.68 Cr | Rs. 15.02 Cr | Rs. 15.08 Cr | + 0.4 % | -3.83 % |
| Operating Profit | Rs. -1.32 Cr | Rs. -2.62 Cr | Rs. -2.84 Cr | -8.4 % | -115.15 % |
| OPM % | -9.19 % | -21.12 % | -23.21 % | -2.09 % | -14.02 % |
| Other Income | Rs. 6.486 Cr | Rs. 6.027 Cr | Rs. 6.13 Cr | + 1.71 % | -5.49 % |
| Interest | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Depreciation | Rs. 0.64 Cr | Rs. 0.37 Cr | Rs. 0.37 Cr | + 0 % | -42.19 % |
| Profit before tax | Rs. 4.53 Cr | Rs. 3.04 Cr | Rs. 2.92 Cr | -3.95 % | -35.54 % |
| Tax % | 45.31 % | 20.92 % | 16.59 % | -4.33 % | -28.72 % |
| Net Profit | Rs. 3.18 Cr | Rs. 2.9 Cr | Rs. 3.12 Cr | + 7.59 % | -1.89 % |
| EPS in Rs | Rs. 2.1 | Rs. 1.92 | Rs. 2.07 | + 7.81 % | -1.43 % |
Today, we’re looking at Reliance Industrial Infrastructure Limited’s financial performance for the Q2(Sep 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -14.8 %. However, it did see a marginal slip of -1.35 % from the previous quarter. Expenses ticked up slightly by 0.4 % quarter-on-quarter, aligning with the annual decline of -3.83 %. Operating profit, while down -115.15 % compared to last year, faced a quarter-on-quarter dip of -8.4 %, 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 -14.02 %, but a shrinkage of -2.09 % sequentially. Other income rose by 1.71 % compared to the last quarter, despite an annual decline of -5.49 %. Depreciation costs climbed by 0 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -42.19 %. Profit before tax declined annually by -35.54 % but saw a reduction from the preceding quarter by -3.95 %.
Tax expenses as a percentage of profits decreased slightly by -28.72 % compared to last year, with a more notable quarter-on-quarter decrease of -4.33 %. Net profit fell by -1.89 % year-on-year but experienced a 7.59 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -1.43 % but a quarterly rise of 7.81 %. In summary, Reliance Industrial Infrastructure 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. 14.362 Cr | Rs. 12.403 Cr | Rs. 12.236 Cr | -1.35 % | -14.8 % |
| Expenses | Rs. 15.68 Cr | Rs. 15.02 Cr | Rs. 15.08 Cr | + 0.4 % | -3.83 % |
| Operating Profit | Rs. -1.32 Cr | Rs. -2.62 Cr | Rs. -2.84 Cr | -8.4 % | -115.15 % |
| Net Profit | Rs. 3.18 Cr | Rs. 2.9 Cr | Rs. 3.12 Cr | + 7.59 % | -1.89 % |
| EPS in Rs | Rs. 2.1 | Rs. 1.92 | Rs. 2.07 | + 7.81 % | -1.43 % |
In reviewing Reliance Industrial Infrastructure Limited’s 2024(Q2) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -14.8 % year-on-year, although there was a slight dip of -1.35 % from the previous quarter. Expenses decreased by -3.83 % compared to the previous year, with a 0.4 % increase quarter-on-quarter. Operating Profit dropped by -115.15 % annually, and saw a -8.4 % decrease from the last quarter.
Net Profit showed yearly decrease of -1.89 %, and experienced a 7.59 % increase from the previous quarter. Earnings Per Share (EPS) fell by -1.43 % annually, however rose by 7.81 % compared to the last quarter. In essence, while Reliance Industrial Infrastructure 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.
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