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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’s sales declined by -36.12 % over the year, decrease in net sales/revenue by -49.72 %.
- 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 88.79 %. Marginal decrease of -48.83% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Bemco Hydraulics Ltd.,. Profit dropped by -75.55 % Year to Year, Bemco Hydraulics Ltd.,’s profitability dropped by -77.36 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -75.52 % Year to Year. EPS decreased by -77.34 % 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. 22.29 Cr | Rs. 28.316 Cr | Rs. 14.238 Cr | -49.72 % | -36.12 % |
Expenses | Rs. 19.15 Cr | Rs. 23.94 Cr | Rs. 12.35 Cr | -48.41 % | -35.51 % |
Operating Profit | Rs. 3.14 Cr | Rs. 4.38 Cr | Rs. 1.89 Cr | -56.85 % | -39.81 % |
OPM % | 14.09 % | 15.47 % | 13.27 % | -2.2 % | -0.82 % |
Other Income | Rs. 0.116 Cr | Rs. 0.428 Cr | Rs. 0.219 Cr | -48.83 % | + 88.79 % |
Interest | Rs. 0.41 Cr | Rs. 0.53 Cr | Rs. 0.55 Cr | + 3.77 % | + 34.15 % |
Depreciation | Rs. 0.17 Cr | Rs. 0.25 Cr | Rs. 0.31 Cr | + 24 % | + 82.35 % |
Profit before tax | Rs. 2.68 Cr | Rs. 4.03 Cr | Rs. 1.25 Cr | -68.98 % | -53.36 % |
Tax % | 25.62 % | 46.53 % | 60.91 % | + 14.38 % | + 35.29 % |
Net Profit | Rs. 1.99 Cr | Rs. 2.15 Cr | Rs. 0.49 Cr | -77.21 % | -75.38 % |
EPS in Rs | Rs. 9.11 | Rs. 9.84 | Rs. 2.23 | -77.34 % | -75.52 % |
Today, we’re looking at Bemco Hydraulics 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 -36.12 %. However, it did see a marginal slip of -49.72 % from the previous quarter. Expenses decreased slightly by -48.41 % quarter-on-quarter, aligning with the annual decline of -35.51 %. Operating profit, while down -39.81 % compared to last year, faced a quarter-on-quarter dip of -56.85 %, 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 -0.82 %, but a shrinkage of -2.2 % sequentially. Other income fell by -48.83 % compared to the last quarter, despite an annual growth of 88.79 %. Interest expenses surged remarkably by 3.77 % from the previous quarter, yet the year-over-year increase remains at a moderate 34.15 %. Depreciation costs climbed by 24 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 82.35 %. Profit before tax declined annually by -53.36 % but saw a reduction from the preceding quarter by -68.98 %.
Tax expenses as a percentage of profits increased slightly by 35.29 % compared to last year, with a more notable quarter-on-quarter increase of 14.38 %. Net profit fell by -75.38 % year-on-year but witnessed a -77.21 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -75.52 % but a quarterly fall of -77.34 %. In summary, Bemco Hydraulics 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. 22.29 Cr | Rs. 28.316 Cr | Rs. 14.238 Cr | -49.72 % | -36.12 % |
Expenses | Rs. 19.15 Cr | Rs. 23.94 Cr | Rs. 12.35 Cr | -48.41 % | -35.51 % |
Operating Profit | Rs. 3.14 Cr | Rs. 4.38 Cr | Rs. 1.89 Cr | -56.85 % | -39.81 % |
Net Profit | Rs. 1.99 Cr | Rs. 2.15 Cr | Rs. 0.49 Cr | -77.21 % | -75.38 % |
EPS in Rs | Rs. 9.11 | Rs. 9.84 | Rs. 2.23 | -77.34 % | -75.52 % |
In reviewing Bemco Hydraulics Ltd.,’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -36.12 % year-on-year, although there was a slight dip of -49.72 % from the previous quarter. Expenses decreased by -35.51 % compared to the previous year, with a decrease of -48.41 % quarter-on-quarter. Operating Profit dropped by -39.81 % annually, and saw a -56.85 % decrease from the last quarter.
Net Profit showed yearly decrease of -75.38 %, and experienced a -77.21 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -75.52 % annually, however dipped by -77.34 % compared to the last quarter. In essence, while Bemco Hydraulics Ltd., 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.