NIFTY 50 22795.9 ▼ (0.51%)
NIFTY NEXT 50 60466.8 ▼ (0.94%)
NIFTY 100 23274.05 ▼ (0.59%)
NIFTY MIDCAP 100 50486.2 ▼ (1.32%)
NIFTY SMALLCAP 100 15636.9 ▼ (0.7%)
NIFTY SMALLCAP 250 14683.4 ▼ (0.57%)
NIFTY MIDCAP SELECT 11198.9 ▼ (1.69%)
NIFTY TOTAL MARKET 11634.25 ▼ (0.67%)
NIFTY BANK 48981.2 ▼ (0.72%)
SENSEX 75311.06 ▼ (0.56%)
BSE BANKEX 55718.18 ▼ (0.82%)

Bhansali Engineering Polymers : Q1 2024 Financial Quarterly Report : YoY Sales Up 15.48 %, QoQ Up 5.88 %

July 15, 2024July 15, 2024| adminadmin| 0 Comments| 2:10 pm
Image is loading
Categories:

Share the post "Bhansali Engineering Polymers : Q1 2024 Financial Quarterly Report : YoY Sales Up 15.48 %, QoQ Up 5.88 %"

  • Facebook
  • LinkedIn
  • X
  • Tumblr
  • WhatsApp
  • TelegramTelegram
  • Email

Highlights

  • Sales over the Year and quarter: The company experienced a substantial growth of 15.48 % in the past year, substantial increase in net sales/revenue by 5.88 %.
  • Income over the Year and quarter: There has been decline in other income over the past year which is -5.42 %, Marginal increase in other income during this quarter, up by 46.35%.
  • Profit over the Year and quarter: Significant improvement in profitability for Bhansali Engineering Polymers Ltd.,. Notable increase of 5.63 % in net profit Year to Year, Bhansali Engineering Polymers Ltd.,’s profitability increased by 31.97 % in this quarter.
  • EPS over the Year and quarter: EPS increased by 5.42 % Year to Year. EPS increased by 32.1 % in previous quarter. Positive impact on shareholders.

The comprehensive analytics outlining the performance and outlook of Bhansali Engineering Polymers Ltd.,”s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

Metrics Previous Year Previous Quarter Current Quarter Quarter to Quarter Difference Year to Year Difference
Sales Rs. 294.48 Cr Rs. 321.182 Cr Rs. 340.056 Cr + 5.88 % + 15.48 %
Expenses Rs. 237.92 Cr Rs. 270.11 Cr Rs. 278.47 Cr + 3.1 % + 17.04 %
Operating Profit Rs. 56.56 Cr Rs. 51.07 Cr Rs. 61.59 Cr + 20.6 % + 8.89 %
OPM % 19.21 % 15.9 % 18.11 % + 2.21 % -1.1 %
Other Income Rs. 12.72 Cr Rs. 8.22 Cr Rs. 12.03 Cr + 46.35 % -5.42 %
Interest Rs. 0.05 Cr Rs. 0.05 Cr Rs. 0.05 Cr + 0 % + 0 %
Depreciation Rs. 2.45 Cr Rs. 2.36 Cr Rs. 2.34 Cr -0.85 % -4.49 %
Profit before tax Rs. 66.78 Cr Rs. 56.88 Cr Rs. 71.23 Cr + 25.23 % + 6.66 %
Tax % 24.43 % 29.04 % 25.18 % -3.86 % + 0.75 %
Net Profit Rs. 50.51 Cr Rs. 40.43 Cr Rs. 53.35 Cr + 31.96 % + 5.62 %
EPS in Rs Rs. 2.03 Rs. 1.62 Rs. 2.14 + 32.1 % + 5.42 %


Today, we’re looking at Bhansali Engineering Polymers Ltd.,’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 15.48 %. However, it did see a marginal increase of 5.88 % from the previous quarter. Expenses ticked up slightly by 3.1 % quarter-on-quarter, aligning with the annual rise of 17.04 %. Operating profit, while up 8.89 % compared to last year, faced a quarter-on-quarter increase of 20.6 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -1.1 %, but an expansion of 2.21 % sequentially. Other income rose by 46.35 % compared to the last quarter, despite an annual decline of -5.42 %. Interest expenses surged remarkably by 0 % from the previous quarter, yet the year-over-year increase remains at a moderate 0 %. Depreciation costs fell by -0.85 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -4.49 %. Profit before tax grew annually by 6.66 % but saw an increase from the preceding quarter by 25.23 %.
Tax expenses as a percentage of profits increased slightly by 0.75 % compared to last year, with a more notable quarter-on-quarter decrease of -3.86 %. Net profit rose by 5.62 % year-on-year but experienced a 31.96 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 5.42 % but a quarterly rise of 32.1 %. In summary, Bhansali Engineering Polymers 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. 294.48 Cr Rs. 321.182 Cr Rs. 340.056 Cr + 5.88 % + 15.48 %
Expenses Rs. 237.92 Cr Rs. 270.11 Cr Rs. 278.47 Cr + 3.1 % + 17.04 %
Operating Profit Rs. 56.56 Cr Rs. 51.07 Cr Rs. 61.59 Cr + 20.6 % + 8.89 %
Net Profit Rs. 50.51 Cr Rs. 40.43 Cr Rs. 53.35 Cr + 31.96 % + 5.62 %
EPS in Rs Rs. 2.03 Rs. 1.62 Rs. 2.14 + 32.1 % + 5.42 %


In reviewing Bhansali Engineering Polymers Ltd.,’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 15.48 % year-on-year growth, however, there was a minor increase of 5.88 % from the previous quarter. Expenses rose by 17.04 % compared to the previous year, with a 3.1 % increase quarter-on-quarter. Operating Profit surged by 8.89 % annually, and saw a 20.6 % increase from the last quarter.
Net Profit showed yearly increase of 5.62 %, and experienced a 31.96 % increase from the previous quarter. Earnings Per Share (EPS) rose by 5.42 % annually, however rose by 32.1 % compared to the last quarter. In essence, while Bhansali Engineering Polymers 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.

[my_shortcode1 values=”Spencer”]

Related Post