Share the post "Deep Industries : Q4 2024 Financial Quarterly Report : YoY Sales Up 15.66 %, QoQ Up 14.3 %"
Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 15.66 % in the past year, substantial increase in net sales/revenue by 14.3 %.
- 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 117.64 %. Marginal increase in other income during this quarter, up by 22.87%.
- Profit over the Year and quarter: Challenges in sustaining profitability for Deep Industries Limited. Profit dropped by -49.24 % Year to Year, Deep Industries Limited’s profitability increased by 31.25 % in this quarter.
- EPS over the Year and quarter: EPS declined by -49.25 % Year to Year. EPS increased by 31.12 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 103.46 Cr | Rs. 104.691 Cr | Rs. 119.665 Cr | + 14.3 % | + 15.66 % |
| Expenses | Rs. 61.49 Cr | Rs. 64.69 Cr | Rs. 81.83 Cr | + 26.5 % | + 33.08 % |
| Operating Profit | Rs. 41.97 Cr | Rs. 40 Cr | Rs. 37.84 Cr | -5.4 % | -9.84 % |
| OPM % | 40.57 % | 38.21 % | 31.62 % | -6.59 % | -8.95 % |
| Other Income | Rs. 5.16 Cr | Rs. 9.14 Cr | Rs. 11.23 Cr | + 22.87 % | + 117.64 % |
| Interest | Rs. 2.85 Cr | Rs. 2.92 Cr | Rs. 2.92 Cr | + 0 % | + 2.46 % |
| Depreciation | Rs. 8.95 Cr | Rs. 8.98 Cr | Rs. 7.06 Cr | -21.38 % | -21.12 % |
| Profit before tax | Rs. 35.33 Cr | Rs. 37.24 Cr | Rs. 39.09 Cr | + 4.97 % | + 10.64 % |
| Tax % | 9.69 % | 24.98 % | 7.49 % | -17.49 % | -2.2 % |
| Net Profit | Rs. 72.26 Cr | Rs. 27.94 Cr | Rs. 36.68 Cr | + 31.28 % | -49.24 % |
| EPS in Rs | Rs. 11.29 | Rs. 4.37 | Rs. 5.73 | + 31.12 % | -49.25 % |
Today, we’re looking at Deep Industries Limited’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 15.66 %. However, it did see a marginal increase of 14.3 % from the previous quarter. Expenses ticked up slightly by 26.5 % quarter-on-quarter, aligning with the annual rise of 33.08 %. Operating profit, while down -9.84 % compared to last year, faced a quarter-on-quarter dip of -5.4 %, 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 -8.95 %, but a shrinkage of -6.59 % sequentially. Other income rose by 22.87 % compared to the last quarter, despite an annual growth of 117.64 %. Interest expenses surged remarkably by 0 % from the previous quarter, yet the year-over-year increase remains at a moderate 2.46 %. Depreciation costs fell by -21.38 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -21.12 %. Profit before tax grew annually by 10.64 % but saw an increase from the preceding quarter by 4.97 %.
Tax expenses as a percentage of profits decreased slightly by -2.2 % compared to last year, with a more notable quarter-on-quarter decrease of -17.49 %. Net profit fell by -49.24 % year-on-year but experienced a 31.28 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -49.25 % but a quarterly rise of 31.12 %. In summary, Deep 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. 103.46 Cr | Rs. 104.691 Cr | Rs. 119.665 Cr | + 14.3 % | + 15.66 % |
| Expenses | Rs. 61.49 Cr | Rs. 64.69 Cr | Rs. 81.83 Cr | + 26.5 % | + 33.08 % |
| Operating Profit | Rs. 41.97 Cr | Rs. 40 Cr | Rs. 37.84 Cr | -5.4 % | -9.84 % |
| Net Profit | Rs. 72.26 Cr | Rs. 27.94 Cr | Rs. 36.68 Cr | + 31.28 % | -49.24 % |
| EPS in Rs | Rs. 11.29 | Rs. 4.37 | Rs. 5.73 | + 31.12 % | -49.25 % |
In reviewing Deep Industries Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 15.66 % year-on-year growth, however, there was a minor increase of 14.3 % from the previous quarter. Expenses rose by 33.08 % compared to the previous year, with a 26.5 % increase quarter-on-quarter. Operating Profit dropped by -9.84 % annually, and saw a -5.4 % decrease from the last quarter.
Net Profit showed yearly decrease of -49.24 %, and experienced a 31.28 % increase from the previous quarter. Earnings Per Share (EPS) fell by -49.25 % annually, however rose by 31.12 % compared to the last quarter. In essence, while Deep 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.
