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RHI MAGNESITA INDIA : Q4 2024 Financial Quarterly Report : YoY Sales Up 7.83 %, QoQ Up 2.21 %

June 1, 2024June 1, 2024| adminadmin| 0 Comments| 5:10 pm
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Highlights

  • Sales over the Year and quarter: The company experienced a substantial growth of 7.83 % in the past year, substantial increase in net sales/revenue by 2.21 %.
  • Income over the Year and quarter: There has been decline in other income over the past year which is -35.64 %, Marginal increase in other income during this quarter, up by 201.44%.
  • Profit over the Year and quarter: Challenges in sustaining profitability for RHI MAGNESITA INDIA LIMITED. Profit dropped by -62.01 % Year to Year, RHI MAGNESITA INDIA LIMITED’s profitability dropped by -754.82 % Quarter to Quarter.
  • EPS over the Year and quarter: EPS declined by -65.66 % Year to Year. EPS decreased by -750.52 % in previous quarter. Analysis needed for shareholder value.

The comprehensive analytics outlining the performance and outlook of RHI MAGNESITA INDIA 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. 874.784 Cr Rs. 922.942 Cr Rs. 943.294 Cr + 2.21 % + 7.83 %
Expenses Rs. 827.79 Cr Rs. 806.16 Cr Rs. 794.98 Cr -1.39 % -3.96 %
Operating Profit Rs. 46.99 Cr Rs. 116.78 Cr Rs. 148.31 Cr + 27 % + 215.62 %
OPM % 5.37 % 12.65 % 15.72 % + 3.07 % + 10.35 %
Other Income Rs. 6.51 Cr Rs. 1.39 Cr Rs. 4.19 Cr + 201.44 % -35.64 %
Interest Rs. 33.67 Cr Rs. 16.13 Cr Rs. 13.46 Cr -16.55 % -60.02 %
Depreciation Rs. 42.39 Cr Rs. 48.16 Cr Rs. 44.28 Cr -8.06 % + 4.46 %
Profit before tax Rs. -22.56 Cr Rs. 53.88 Cr Rs. 94.76 Cr + 75.87 % + 520.04 %
Tax % -0.63 % 26.91 % -11.64 % -38.55 % -11.01 %
Net Profit Rs. -678.91 Cr Rs. 39.39 Cr Rs. -257.9 Cr -754.73 % + 62.01 %
EPS in Rs Rs. -36.37 Rs. 1.92 Rs. -12.49 -750.52 % + 65.66 %


Today, we’re looking at RHI MAGNESITA INDIA 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 7.83 %. However, it did see a marginal increase of 2.21 % from the previous quarter. Expenses decreased slightly by -1.39 % quarter-on-quarter, aligning with the annual decline of -3.96 %. Operating profit, while up 215.62 % compared to last year, faced a quarter-on-quarter increase of 27 %, 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 10.35 %, but an expansion of 3.07 % sequentially. Other income rose by 201.44 % compared to the last quarter, despite an annual decline of -35.64 %. Interest expenses dropped significantly by -16.55 % from the previous quarter, yet the year-over-year decrease remains at a moderate -60.02 %. Depreciation costs fell by -8.06 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 4.46 %. Profit before tax grew annually by 520.04 % but saw an increase from the preceding quarter by 75.87 %.
Tax expenses as a percentage of profits decreased slightly by -11.01 % compared to last year, with a more notable quarter-on-quarter decrease of -38.55 %. Net profit rose by 62.01 % year-on-year but witnessed a -754.73 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 65.66 % but a quarterly fall of -750.52 %. In summary, RHI MAGNESITA INDIA 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. 874.784 Cr Rs. 922.942 Cr Rs. 943.294 Cr + 2.21 % + 7.83 %
Expenses Rs. 827.79 Cr Rs. 806.16 Cr Rs. 794.98 Cr -1.39 % -3.96 %
Operating Profit Rs. 46.99 Cr Rs. 116.78 Cr Rs. 148.31 Cr + 27 % + 215.62 %
Net Profit Rs. -678.91 Cr Rs. 39.39 Cr Rs. -257.9 Cr -754.73 % + 62.01 %
EPS in Rs Rs. -36.37 Rs. 1.92 Rs. -12.49 -750.52 % + 65.66 %


In reviewing RHI MAGNESITA INDIA LIMITED’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 7.83 % year-on-year growth, however, there was a minor increase of 2.21 % from the previous quarter. Expenses decreased by -3.96 % compared to the previous year, with a decrease of -1.39 % quarter-on-quarter. Operating Profit surged by 215.62 % annually, and saw a 27 % increase from the last quarter.
Net Profit showed yearly increase of 62.01 %, and experienced a -754.73 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 65.66 % annually, however dipped by -750.52 % compared to the last quarter. In essence, while RHI MAGNESITA INDIA 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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