Share the post "Bharat Bijlee : Q1 2024 Financial Quarterly Report : YoY Sales Down 15.11 %, QoQ Down 36.21 %"
Highlights
- Sales over the Year and quarter: The company’s sales declined by -15.11 % over the year, decrease in net sales/revenue by -36.21 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -0.72 %, Marginal decrease of -20.46% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Bharat Bijlee Limited. Profit dropped by -5.53 % Year to Year, Bharat Bijlee Limited’s profitability dropped by -50.69 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -52.78 % Year to Year. EPS decreased by -50.7 % 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. 441.45 Cr | Rs. 587.47 Cr | Rs. 374.76 Cr | -36.21 % | -15.11 % |
| Expenses | Rs. 408.8 Cr | Rs. 525.72 Cr | Rs. 345.31 Cr | -34.32 % | -15.53 % |
| Operating Profit | Rs. 32.65 Cr | Rs. 61.75 Cr | Rs. 29.45 Cr | -52.31 % | -9.8 % |
| OPM % | 7.4 % | 10.51 % | 7.86 % | -2.65 % | + 0.46 % |
| Other Income | Rs. 9.67 Cr | Rs. 12.07 Cr | Rs. 9.6 Cr | -20.46 % | -0.72 % |
| Interest | Rs. 5.47 Cr | Rs. 4.84 Cr | Rs. 2.66 Cr | -45.04 % | -51.37 % |
| Depreciation | Rs. 3.41 Cr | Rs. 4.97 Cr | Rs. 4.58 Cr | -7.85 % | + 34.31 % |
| Profit before tax | Rs. 33.44 Cr | Rs. 64.01 Cr | Rs. 31.81 Cr | -50.3 % | -4.87 % |
| Tax % | 24.25 % | 24.18 % | 24.77 % | + 0.59 % | + 0.52 % |
| Net Profit | Rs. 25.33 Cr | Rs. 48.53 Cr | Rs. 23.93 Cr | -50.69 % | -5.53 % |
| EPS in Rs | Rs. 44.83 | Rs. 42.94 | Rs. 21.17 | -50.7 % | -52.78 % |
Today, we’re looking at Bharat Bijlee 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 -15.11 %. However, it did see a marginal slip of -36.21 % from the previous quarter. Expenses decreased slightly by -34.32 % quarter-on-quarter, aligning with the annual decline of -15.53 %. Operating profit, while down -9.8 % compared to last year, faced a quarter-on-quarter dip of -52.31 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 0.46 %, but a shrinkage of -2.65 % sequentially. Other income fell by -20.46 % compared to the last quarter, despite an annual decline of -0.72 %. Interest expenses dropped significantly by -45.04 % from the previous quarter, yet the year-over-year decrease remains at a moderate -51.37 %. Depreciation costs fell by -7.85 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 34.31 %. Profit before tax declined annually by -4.87 % but saw a reduction from the preceding quarter by -50.3 %.
Tax expenses as a percentage of profits increased slightly by 0.52 % compared to last year, with a more notable quarter-on-quarter increase of 0.59 %. Net profit fell by -5.53 % year-on-year but witnessed a -50.69 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -52.78 % but a quarterly fall of -50.7 %. In summary, Bharat Bijlee 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. 441.45 Cr | Rs. 587.47 Cr | Rs. 374.76 Cr | -36.21 % | -15.11 % |
| Expenses | Rs. 408.8 Cr | Rs. 525.72 Cr | Rs. 345.31 Cr | -34.32 % | -15.53 % |
| Operating Profit | Rs. 32.65 Cr | Rs. 61.75 Cr | Rs. 29.45 Cr | -52.31 % | -9.8 % |
| Net Profit | Rs. 25.33 Cr | Rs. 48.53 Cr | Rs. 23.93 Cr | -50.69 % | -5.53 % |
| EPS in Rs | Rs. 44.83 | Rs. 42.94 | Rs. 21.17 | -50.7 % | -52.78 % |
In reviewing Bharat Bijlee Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -15.11 % year-on-year, although there was a slight dip of -36.21 % from the previous quarter. Expenses decreased by -15.53 % compared to the previous year, with a decrease of -34.32 % quarter-on-quarter. Operating Profit dropped by -9.8 % annually, and saw a -52.31 % decrease from the last quarter.
Net Profit showed yearly decrease of -5.53 %, and experienced a -50.69 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -52.78 % annually, however dipped by -50.7 % compared to the last quarter. In essence, while Bharat Bijlee 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.
