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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 experienced a substantial growth of 43.88 % in the past year, decrease in net sales/revenue by -18.9 %.
- 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 2039.84 %. Marginal increase in other income during this quarter, up by 137.58%.
- Profit over the Year and quarter: Significant improvement in profitability for Bajaj Steel Industries Ltd.,. Notable increase of 268.29 % in net profit Year to Year, Bajaj Steel Industries Ltd.,’s profitability increased by 55.8 % in this quarter.
- EPS over the Year and quarter: EPS increased by 266.11 % Year to Year. EPS increased by 56.13 % in previous quarter. Positive impact on shareholders.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 98.007 Cr | Rs. 173.885 Cr | Rs. 141.013 Cr | -18.9 % | + 43.88 % |
Expenses | Rs. 83.65 Cr | Rs. 147.96 Cr | Rs. 119.16 Cr | -19.46 % | + 42.45 % |
Operating Profit | Rs. 14.36 Cr | Rs. 25.93 Cr | Rs. 21.85 Cr | -15.73 % | + 52.16 % |
OPM % | 14.65 % | 14.91 % | 15.5 % | + 0.59 % | + 0.85 % |
Other Income | Rs. 1.358 Cr | Rs. 12.231 Cr | Rs. 29.059 Cr | + 137.58 % | + 2039.84 % |
Interest | Rs. 0.59 Cr | Rs. 2.45 Cr | Rs. 1.01 Cr | -58.78 % | + 71.19 % |
Depreciation | Rs. 2.35 Cr | Rs. 4.78 Cr | Rs. 2.95 Cr | -38.28 % | + 25.53 % |
Profit before tax | Rs. 12.78 Cr | Rs. 30.93 Cr | Rs. 46.95 Cr | + 51.79 % | + 267.37 % |
Tax % | 25.3 % | 27.08 % | 25.17 % | -1.91 % | -0.13 % |
Net Profit | Rs. 9.54 Cr | Rs. 22.55 Cr | Rs. 35.14 Cr | + 55.83 % | + 268.34 % |
EPS in Rs | Rs. 18.47 | Rs. 43.31 | Rs. 67.62 | + 56.13 % | + 266.11 % |
Today, we’re looking at Bajaj Steel Industries Ltd.,’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 43.88 %. However, it did see a marginal slip of -18.9 % from the previous quarter. Expenses decreased slightly by -19.46 % quarter-on-quarter, aligning with the annual rise of 42.45 %. Operating profit, while up 52.16 % compared to last year, faced a quarter-on-quarter dip of -15.73 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 0.85 %, but an expansion of 0.59 % sequentially. Other income rose by 137.58 % compared to the last quarter, despite an annual growth of 2039.84 %. Interest expenses dropped significantly by -58.78 % from the previous quarter, yet the year-over-year increase remains at a moderate 71.19 %. Depreciation costs fell by -38.28 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 25.53 %. Profit before tax grew annually by 267.37 % but saw an increase from the preceding quarter by 51.79 %.
Tax expenses as a percentage of profits decreased slightly by -0.13 % compared to last year, with a more notable quarter-on-quarter decrease of -1.91 %. Net profit rose by 268.34 % year-on-year but experienced a 55.83 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 266.11 % but a quarterly rise of 56.13 %. In summary, Bajaj Steel 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. 98.007 Cr | Rs. 173.885 Cr | Rs. 141.013 Cr | -18.9 % | + 43.88 % |
Expenses | Rs. 83.65 Cr | Rs. 147.96 Cr | Rs. 119.16 Cr | -19.46 % | + 42.45 % |
Operating Profit | Rs. 14.36 Cr | Rs. 25.93 Cr | Rs. 21.85 Cr | -15.73 % | + 52.16 % |
Net Profit | Rs. 9.54 Cr | Rs. 22.55 Cr | Rs. 35.14 Cr | + 55.83 % | + 268.34 % |
EPS in Rs | Rs. 18.47 | Rs. 43.31 | Rs. 67.62 | + 56.13 % | + 266.11 % |
In reviewing Bajaj Steel Industries Ltd.,’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 43.88 % year-on-year growth, although there was a slight dip of -18.9 % from the previous quarter. Expenses rose by 42.45 % compared to the previous year, with a decrease of -19.46 % quarter-on-quarter. Operating Profit surged by 52.16 % annually, and saw a -15.73 % decrease from the last quarter.
Net Profit showed yearly increase of 268.34 %, and experienced a 55.83 % increase from the previous quarter. Earnings Per Share (EPS) rose by 266.11 % annually, however rose by 56.13 % compared to the last quarter. In essence, while Bajaj Steel Industries Ltd., 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.