Share the post "Baroda Rayon Corpn announces Q1 Report: Revenue Dropped by 80.67% YoY"
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 -80.67 % over the year, substantial increase in net sales/revenue by 47.17 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -6.58 %, Marginal decrease of -8.24% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Baroda Rayon Corpn. Ltd.,. Profit dropped by -22.82 % Year to Year, Baroda Rayon Corpn. Ltd.,’s profitability increased by 36.33 % in this quarter.
- EPS over the Year and quarter: EPS declined by -22.75 % Year to Year. EPS increased by 36.14 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 54.258 Cr | Rs. 7.128 Cr | Rs. 10.49 Cr | + 47.17 % | -80.67 % |
| Expenses | Rs. 49.67 Cr | Rs. 5.9 Cr | Rs. 8.19 Cr | + 38.81 % | -83.51 % |
| Operating Profit | Rs. 4.59 Cr | Rs. 1.23 Cr | Rs. 2.3 Cr | + 86.99 % | -49.89 % |
| OPM % | 8.46 % | 17.26 % | 21.93 % | + 4.67 % | + 13.47 % |
| Other Income | Rs. 4.365 Cr | Rs. 4.444 Cr | Rs. 4.078 Cr | -8.24 % | -6.58 % |
| Interest | Rs. 0.77 Cr | Rs. 1.03 Cr | Rs. 0.04 Cr | -96.12 % | -94.81 % |
| Depreciation | Rs. 0.01 Cr | Rs. 0.02 Cr | Rs. 0.04 Cr | + 100 % | + 300 % |
| Profit before tax | Rs. 8.18 Cr | Rs. 4.62 Cr | Rs. 6.3 Cr | + 36.36 % | -22.98 % |
| Tax % | 0 % | 0 % | 0 % | 0 % | 0 % |
| Net Profit | Rs. 8.17 Cr | Rs. 4.62 Cr | Rs. 6.3 Cr | + 36.36 % | -22.89 % |
| EPS in Rs | Rs. 3.56 | Rs. 2.02 | Rs. 2.75 | + 36.14 % | -22.75 % |
Today, we’re looking at Baroda Rayon Corpn. Ltd.,’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -80.67 %. However, it did see a marginal increase of 47.17 % from the previous quarter. Expenses ticked up slightly by 38.81 % quarter-on-quarter, aligning with the annual decline of -83.51 %. Operating profit, while down -49.89 % compared to last year, faced a quarter-on-quarter increase of 86.99 %, 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 13.47 %, but an expansion of 4.67 % sequentially. Other income fell by -8.24 % compared to the last quarter, despite an annual decline of -6.58 %. Interest expenses dropped significantly by -96.12 % from the previous quarter, yet the year-over-year decrease remains at a moderate -94.81 %. Depreciation costs climbed by 100 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 300 %. Profit before tax declined annually by -22.98 % but saw an increase from the preceding quarter by 36.36 %.
Net profit fell by -22.89 % year-on-year but experienced a 36.36 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -22.75 % but a quarterly rise of 36.14 %. In summary, Baroda Rayon Corpn. 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. 54.258 Cr | Rs. 7.128 Cr | Rs. 10.49 Cr | + 47.17 % | -80.67 % |
| Expenses | Rs. 49.67 Cr | Rs. 5.9 Cr | Rs. 8.19 Cr | + 38.81 % | -83.51 % |
| Operating Profit | Rs. 4.59 Cr | Rs. 1.23 Cr | Rs. 2.3 Cr | + 86.99 % | -49.89 % |
| Net Profit | Rs. 8.17 Cr | Rs. 4.62 Cr | Rs. 6.3 Cr | + 36.36 % | -22.89 % |
| EPS in Rs | Rs. 3.56 | Rs. 2.02 | Rs. 2.75 | + 36.14 % | -22.75 % |
In reviewing Baroda Rayon Corpn. Ltd.,’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -80.67 % year-on-year, however, there was a minor increase of 47.17 % from the previous quarter. Expenses decreased by -83.51 % compared to the previous year, with a 38.81 % increase quarter-on-quarter. Operating Profit dropped by -49.89 % annually, and saw a 86.99 % increase from the last quarter.
Net Profit showed yearly decrease of -22.89 %, and experienced a 36.36 % increase from the previous quarter. Earnings Per Share (EPS) fell by -22.75 % annually, however rose by 36.14 % compared to the last quarter. In essence, while Baroda Rayon Corpn. 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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