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Highlights
- Sales over the Year and quarter: The company’s sales declined by -5.16 % over the year, decrease in net sales/revenue by -1.36 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -15.7 %, Marginal increase in other income during this quarter, up by 10.11%.
- Profit over the Year and quarter: Significant improvement in profitability for Balmer Lawrie & Co. Ltd.,. Notable increase of 69.39 % in net profit Year to Year, Balmer Lawrie & Co. Ltd.,’s profitability increased by 11.67 % in this quarter.
- EPS over the Year and quarter: EPS increased by 65.52 % Year to Year. EPS increased by 11.05 % in previous quarter. Positive impact on shareholders.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 608.047 Cr | Rs. 584.633 Cr | Rs. 576.689 Cr | -1.36 % | -5.16 % |
Expenses | Rs. 555.59 Cr | Rs. 511.09 Cr | Rs. 485.2 Cr | -5.07 % | -12.67 % |
Operating Profit | Rs. 52.46 Cr | Rs. 73.54 Cr | Rs. 91.49 Cr | + 24.41 % | + 74.4 % |
OPM % | 8.63 % | 12.58 % | 15.86 % | + 3.28 % | + 7.23 % |
Other Income | Rs. 35.54 Cr | Rs. 27.21 Cr | Rs. 29.96 Cr | + 10.11 % | -15.7 % |
Interest | Rs. 4.51 Cr | Rs. 5.45 Cr | Rs. 5.81 Cr | + 6.61 % | + 28.82 % |
Depreciation | Rs. 14.38 Cr | Rs. 14.4 Cr | Rs. 15.46 Cr | + 7.36 % | + 7.51 % |
Profit before tax | Rs. 69.11 Cr | Rs. 80.9 Cr | Rs. 100.18 Cr | + 23.83 % | + 44.96 % |
Tax % | 50.87 % | 23.69 % | 30.53 % | + 6.84 % | -20.34 % |
Net Profit | Rs. 43.3 Cr | Rs. 65.68 Cr | Rs. 73.34 Cr | + 11.66 % | + 69.38 % |
EPS in Rs | Rs. 2.61 | Rs. 3.89 | Rs. 4.32 | + 11.05 % | + 65.52 % |
Today, we’re looking at Balmer Lawrie & Co. Ltd.,’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -5.16 %. However, it did see a marginal slip of -1.36 % from the previous quarter. Expenses decreased slightly by -5.07 % quarter-on-quarter, aligning with the annual decline of -12.67 %. Operating profit, while up 74.4 % compared to last year, faced a quarter-on-quarter increase of 24.41 %, 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 7.23 %, but an expansion of 3.28 % sequentially. Other income rose by 10.11 % compared to the last quarter, despite an annual decline of -15.7 %. Interest expenses surged remarkably by 6.61 % from the previous quarter, yet the year-over-year increase remains at a moderate 28.82 %. Depreciation costs climbed by 7.36 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 7.51 %. Profit before tax grew annually by 44.96 % but saw an increase from the preceding quarter by 23.83 %.
Tax expenses as a percentage of profits decreased slightly by -20.34 % compared to last year, with a more notable quarter-on-quarter increase of 6.84 %. Net profit rose by 69.38 % year-on-year but experienced a 11.66 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 65.52 % but a quarterly rise of 11.05 %. In summary, Balmer Lawrie & Co. 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. 608.047 Cr | Rs. 584.633 Cr | Rs. 576.689 Cr | -1.36 % | -5.16 % |
Expenses | Rs. 555.59 Cr | Rs. 511.09 Cr | Rs. 485.2 Cr | -5.07 % | -12.67 % |
Operating Profit | Rs. 52.46 Cr | Rs. 73.54 Cr | Rs. 91.49 Cr | + 24.41 % | + 74.4 % |
Net Profit | Rs. 43.3 Cr | Rs. 65.68 Cr | Rs. 73.34 Cr | + 11.66 % | + 69.38 % |
EPS in Rs | Rs. 2.61 | Rs. 3.89 | Rs. 4.32 | + 11.05 % | + 65.52 % |
In reviewing Balmer Lawrie & Co. Ltd.,’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -5.16 % year-on-year, although there was a slight dip of -1.36 % from the previous quarter. Expenses decreased by -12.67 % compared to the previous year, with a decrease of -5.07 % quarter-on-quarter. Operating Profit surged by 74.4 % annually, and saw a 24.41 % increase from the last quarter.
Net Profit showed yearly increase of 69.38 %, and experienced a 11.66 % increase from the previous quarter. Earnings Per Share (EPS) rose by 65.52 % annually, however rose by 11.05 % compared to the last quarter. In essence, while Balmer Lawrie & Co. 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.