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Highlights
- The presented financial data is Standalone to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company’s sales declined by -16.91 % over the year, decrease in net sales/revenue by -0.15 %.
- 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 55.17 %. Marginal increase in other income during this quarter, up by 500%.
- Profit over the Year and quarter: Challenges in sustaining profitability for Bansal Roofing Products Limited. Profit dropped by -23.16 % Year to Year, Bansal Roofing Products Limited’s profitability increased by 12.58 % in this quarter.
- EPS over the Year and quarter: EPS declined by -22.99 % Year to Year. EPS increased by 11.67 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 28.933 Cr | Rs. 24.076 Cr | Rs. 24.04 Cr | -0.15 % | -16.91 % |
| Expenses | Rs. 26.99 Cr | Rs. 22.53 Cr | Rs. 22.51 Cr | -0.09 % | -16.6 % |
| Operating Profit | Rs. 1.94 Cr | Rs. 1.55 Cr | Rs. 1.53 Cr | -1.29 % | -21.13 % |
| OPM % | 6.71 % | 6.44 % | 6.36 % | -0.08 % | -0.35 % |
| Other Income | Rs. 0.058 Cr | Rs. 0.015 Cr | Rs. 0.09 Cr | + 500 % | + 55.17 % |
| Interest | Rs. 0.15 Cr | Rs. 0.13 Cr | Rs. 0.1 Cr | -23.08 % | -33.33 % |
| Depreciation | Rs. 0.3 Cr | Rs. 0.32 Cr | Rs. 0.34 Cr | + 6.25 % | + 13.33 % |
| Profit before tax | Rs. 1.55 Cr | Rs. 1.12 Cr | Rs. 1.18 Cr | + 5.36 % | -23.87 % |
| Tax % | 25.28 % | 29.23 % | 25.17 % | -4.06 % | -0.11 % |
| Net Profit | Rs. 1.15 Cr | Rs. 0.79 Cr | Rs. 0.89 Cr | + 12.66 % | -22.61 % |
| EPS in Rs | Rs. 0.87 | Rs. 0.6 | Rs. 0.67 | + 11.67 % | -22.99 % |
Today, we’re looking at Bansal Roofing Products Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -16.91 %. However, it did see a marginal slip of -0.15 % from the previous quarter. Expenses decreased slightly by -0.09 % quarter-on-quarter, aligning with the annual decline of -16.6 %. Operating profit, while down -21.13 % compared to last year, faced a quarter-on-quarter dip of -1.29 %, 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 -0.35 %, but a shrinkage of -0.08 % sequentially. Other income rose by 500 % compared to the last quarter, despite an annual growth of 55.17 %. Interest expenses dropped significantly by -23.08 % from the previous quarter, yet the year-over-year decrease remains at a moderate -33.33 %. Depreciation costs climbed by 6.25 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 13.33 %. Profit before tax declined annually by -23.87 % but saw an increase from the preceding quarter by 5.36 %.
Tax expenses as a percentage of profits decreased slightly by -0.11 % compared to last year, with a more notable quarter-on-quarter decrease of -4.06 %. Net profit fell by -22.61 % year-on-year but experienced a 12.66 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -22.99 % but a quarterly rise of 11.67 %. In summary, Bansal Roofing Products 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. 28.933 Cr | Rs. 24.076 Cr | Rs. 24.04 Cr | -0.15 % | -16.91 % |
| Expenses | Rs. 26.99 Cr | Rs. 22.53 Cr | Rs. 22.51 Cr | -0.09 % | -16.6 % |
| Operating Profit | Rs. 1.94 Cr | Rs. 1.55 Cr | Rs. 1.53 Cr | -1.29 % | -21.13 % |
| Net Profit | Rs. 1.15 Cr | Rs. 0.79 Cr | Rs. 0.89 Cr | + 12.66 % | -22.61 % |
| EPS in Rs | Rs. 0.87 | Rs. 0.6 | Rs. 0.67 | + 11.67 % | -22.99 % |
In reviewing Bansal Roofing Products Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -16.91 % year-on-year, although there was a slight dip of -0.15 % from the previous quarter. Expenses decreased by -16.6 % compared to the previous year, with a decrease of -0.09 % quarter-on-quarter. Operating Profit dropped by -21.13 % annually, and saw a -1.29 % decrease from the last quarter.
Net Profit showed yearly decrease of -22.61 %, and experienced a 12.66 % increase from the previous quarter. Earnings Per Share (EPS) fell by -22.99 % annually, however rose by 11.67 % compared to the last quarter. In essence, while Bansal Roofing Products Limited 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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