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Reliance Chemotex Industries : Q4 2024 Financial Quarterly Report : YoY Sales Up 28.35 %, QoQ Up 19.63 %

June 13, 2024June 13, 2024| adminadmin| 0 Comments| 11:35 am
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Highlights

  • Sales over the Year and quarter: The company experienced a substantial growth of 28.35 % in the past year, substantial increase in net sales/revenue by 19.63 %.
  • Income over the Year and quarter: There has been decline in other income over the past year which is -2.05 %, Marginal increase in other income during this quarter, up by 50.53%.
  • Profit over the Year and quarter: Challenges in sustaining profitability for Reliance Chemotex Industries Ltd.,. Profit dropped by -83.41 % Year to Year, Reliance Chemotex Industries Ltd.,’s profitability increased by 654.1 % in this quarter.
  • EPS over the Year and quarter: EPS declined by -83.38 % Year to Year. EPS increased by 662.5 % in previous quarter. Positive impact on shareholders.

The comprehensive analytics outlining the performance and outlook of Reliance Chemotex Industries Ltd.,”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. 79.682 Cr Rs. 85.495 Cr Rs. 102.275 Cr + 19.63 % + 28.35 %
Expenses Rs. 70.85 Cr Rs. 78.08 Cr Rs. 94.57 Cr + 21.12 % + 33.48 %
Operating Profit Rs. 8.83 Cr Rs. 7.42 Cr Rs. 7.71 Cr + 3.91 % -12.68 %
OPM % 11.08 % 8.68 % 7.54 % -1.14 % -3.54 %
Other Income Rs. 1.46 Cr Rs. 0.95 Cr Rs. 1.43 Cr + 50.53 % -2.05 %
Interest Rs. 4.89 Cr Rs. 4.93 Cr Rs. 5.08 Cr + 3.04 % + 3.89 %
Depreciation Rs. 2.63 Cr Rs. 2.53 Cr Rs. 2.56 Cr + 1.19 % -2.66 %
Profit before tax Rs. 2.77 Cr Rs. 0.91 Cr Rs. 1.5 Cr + 64.84 % -45.85 %
Tax % 0.07 % 93.26 % 69.19 % -24.07 % + 69.12 %
Net Profit Rs. 2.77 Cr Rs. 0.06 Cr Rs. 0.46 Cr + 666.67 % -83.39 %
EPS in Rs Rs. 3.67 Rs. 0.08 Rs. 0.61 + 662.5 % -83.38 %


Today, we’re looking at Reliance Chemotex Industries Ltd.,’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 28.35 %. However, it did see a marginal increase of 19.63 % from the previous quarter. Expenses ticked up slightly by 21.12 % quarter-on-quarter, aligning with the annual rise of 33.48 %. Operating profit, while down -12.68 % compared to last year, faced a quarter-on-quarter increase of 3.91 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -3.54 %, but a shrinkage of -1.14 % sequentially. Other income rose by 50.53 % compared to the last quarter, despite an annual decline of -2.05 %. Interest expenses surged remarkably by 3.04 % from the previous quarter, yet the year-over-year increase remains at a moderate 3.89 %. Depreciation costs climbed by 1.19 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -2.66 %. Profit before tax declined annually by -45.85 % but saw an increase from the preceding quarter by 64.84 %.
Tax expenses as a percentage of profits increased slightly by 69.12 % compared to last year, with a more notable quarter-on-quarter decrease of -24.07 %. Net profit fell by -83.39 % year-on-year but experienced a 666.67 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -83.38 % but a quarterly rise of 662.5 %. In summary, Reliance Chemotex Industries Ltd.,’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. 79.682 Cr Rs. 85.495 Cr Rs. 102.275 Cr + 19.63 % + 28.35 %
Expenses Rs. 70.85 Cr Rs. 78.08 Cr Rs. 94.57 Cr + 21.12 % + 33.48 %
Operating Profit Rs. 8.83 Cr Rs. 7.42 Cr Rs. 7.71 Cr + 3.91 % -12.68 %
Net Profit Rs. 2.77 Cr Rs. 0.06 Cr Rs. 0.46 Cr + 666.67 % -83.39 %
EPS in Rs Rs. 3.67 Rs. 0.08 Rs. 0.61 + 662.5 % -83.38 %


In reviewing Reliance Chemotex Industries Ltd.,’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 28.35 % year-on-year growth, however, there was a minor increase of 19.63 % from the previous quarter. Expenses rose by 33.48 % compared to the previous year, with a 21.12 % increase quarter-on-quarter. Operating Profit dropped by -12.68 % annually, and saw a 3.91 % increase from the last quarter.
Net Profit showed yearly decrease of -83.39 %, and experienced a 666.67 % increase from the previous quarter. Earnings Per Share (EPS) fell by -83.38 % annually, however rose by 662.5 % compared to the last quarter. In essence, while Reliance Chemotex Industries Ltd., faces strong annual decline 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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