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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 2.3 % in the past year, decrease in net sales/revenue by -0.88 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -37.04 %, Marginal increase in other income during this quarter, up by 78.39%.
- Profit over the Year and quarter: Challenges in sustaining profitability for Balrampur Chini Mills Limited. Profit dropped by -4.56 % Year to Year, Balrampur Chini Mills Limited’s profitability dropped by -65.51 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -4.40 % Year to Year. EPS decreased by -65.48 % in previous quarter. Analysis needed for shareholder value.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 1389.622 Cr | Rs. 1434.258 Cr | Rs. 1421.6 Cr | -0.88 % | + 2.3 % |
| Expenses | Rs. 1226.44 Cr | Rs. 1089.54 Cr | Rs. 1255.47 Cr | + 15.23 % | + 2.37 % |
| Operating Profit | Rs. 163.18 Cr | Rs. 344.72 Cr | Rs. 166.13 Cr | -51.81 % | + 1.81 % |
| OPM % | 11.74 % | 24.03 % | 11.69 % | -12.34 % | -0.05 % |
| Other Income | Rs. 12.195 Cr | Rs. 4.304 Cr | Rs. 7.678 Cr | + 78.39 % | -37.04 % |
| Interest | Rs. 33.53 Cr | Rs. 24.99 Cr | Rs. 36.03 Cr | + 44.18 % | + 7.46 % |
| Depreciation | Rs. 40.57 Cr | Rs. 42.58 Cr | Rs. 42.6 Cr | + 0.05 % | + 5 % |
| Profit before tax | Rs. 101.28 Cr | Rs. 281.45 Cr | Rs. 95.18 Cr | -66.18 % | -6.02 % |
| Tax % | 32.79 % | 30.55 % | 33.86 % | + 3.31 % | + 1.07 % |
| Net Profit | Rs. 73.51 Cr | Rs. 203.39 Cr | Rs. 70.15 Cr | -65.51 % | -4.57 % |
| EPS in Rs | Rs. 3.64 | Rs. 10.08 | Rs. 3.47 | -65.58 % | -4.67 % |
Today, we’re looking at Balrampur Chini Mills Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 2.3 %. However, it did see a marginal slip of -0.88 % from the previous quarter. Expenses ticked up slightly by 15.23 % quarter-on-quarter, aligning with the annual rise of 2.37 %. Operating profit, while up 1.81 % compared to last year, faced a quarter-on-quarter dip of -51.81 %, 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 -0.05 %, but a shrinkage of -12.34 % sequentially. Other income rose by 78.39 % compared to the last quarter, despite an annual decline of -37.04 %. Interest expenses surged remarkably by 44.18 % from the previous quarter, yet the year-over-year increase remains at a moderate 7.46 %. Depreciation costs climbed by 0.05 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 5 %. Profit before tax declined annually by -6.02 % but saw a reduction from the preceding quarter by -66.18 %.
Tax expenses as a percentage of profits increased slightly by 1.07 % compared to last year, with a more notable quarter-on-quarter increase of 3.31 %. Net profit fell by -4.57 % year-on-year but witnessed a -65.51 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -4.67 % but a quarterly fall of -65.58 %. In summary, Balrampur Chini Mills 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. 1389.622 Cr | Rs. 1434.258 Cr | Rs. 1421.6 Cr | -0.88 % | + 2.3 % |
| Expenses | Rs. 1226.44 Cr | Rs. 1089.54 Cr | Rs. 1255.47 Cr | + 15.23 % | + 2.37 % |
| Operating Profit | Rs. 163.18 Cr | Rs. 344.72 Cr | Rs. 166.13 Cr | -51.81 % | + 1.81 % |
| Net Profit | Rs. 73.51 Cr | Rs. 203.39 Cr | Rs. 70.15 Cr | -65.51 % | -4.57 % |
| EPS in Rs | Rs. 3.64 | Rs. 10.08 | Rs. 3.47 | -65.58 % | -4.67 % |
In reviewing Balrampur Chini Mills Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 2.3 % year-on-year growth, although there was a slight dip of -0.88 % from the previous quarter. Expenses rose by 2.37 % compared to the previous year, with a 15.23 % increase quarter-on-quarter. Operating Profit surged by 1.81 % annually, and saw a -51.81 % decrease from the last quarter.
Net Profit showed yearly decrease of -4.57 %, and experienced a -65.51 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -4.67 % annually, however dipped by -65.58 % compared to the last quarter. In essence, while Balrampur Chini Mills Limited faces strong annual decline indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.
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