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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 -2.62 % over the year, decrease in net sales/revenue by -2.79 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -29.27 %, Marginal decrease of -39.58% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Bharat Gears Limited. Notable increase of 138.16 % in net profit Year to Year, Bharat Gears Limited’s profitability increased by 3.43 % in this quarter.
- EPS over the Year and quarter: EPS increased by 140.82 % Year to Year. EPS increased by 4.42 % in previous quarter. Positive impact on shareholders.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 170.48 Cr | Rs. 170.77 Cr | Rs. 166.01 Cr | -2.79 % | -2.62 % |
Expenses | Rs. 161.94 Cr | Rs. 163.47 Cr | Rs. 158.47 Cr | -3.06 % | -2.14 % |
Operating Profit | Rs. 8.54 Cr | Rs. 7.3 Cr | Rs. 7.54 Cr | + 3.29 % | -11.71 % |
OPM % | 5.01 % | 4.27 % | 4.54 % | + 0.27 % | -0.47 % |
Other Income | Rs. 0.41 Cr | Rs. 0.48 Cr | Rs. 0.29 Cr | -39.58 % | -29.27 % |
Interest | Rs. 4.42 Cr | Rs. 4.36 Cr | Rs. 4.39 Cr | + 0.69 % | -0.68 % |
Depreciation | Rs. 5.55 Cr | Rs. 5.67 Cr | Rs. 5.86 Cr | + 3.35 % | + 5.59 % |
Profit before tax | Rs. -1.02 Cr | Rs. -2.25 Cr | Rs. -2.42 Cr | -7.56 % | -137.25 % |
Tax % | -25.49 % | -22.22 % | -25.21 % | -2.99 % | + 0.28 % |
Net Profit | Rs. -0.76 Cr | Rs. -1.75 Cr | Rs. -1.81 Cr | -3.43 % | -138.16 % |
EPS in Rs | Rs. -0.49 | Rs. -1.13 | Rs. -1.18 | -4.42 % | -140.82 % |
Today, we’re looking at Bharat Gears 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 -2.62 %. However, it did see a marginal slip of -2.79 % from the previous quarter. Expenses decreased slightly by -3.06 % quarter-on-quarter, aligning with the annual decline of -2.14 %. Operating profit, while down -11.71 % compared to last year, faced a quarter-on-quarter increase of 3.29 %, 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 -0.47 %, but an expansion of 0.27 % sequentially. Other income fell by -39.58 % compared to the last quarter, despite an annual decline of -29.27 %. Interest expenses surged remarkably by 0.69 % from the previous quarter, yet the year-over-year decrease remains at a moderate -0.68 %. Depreciation costs climbed by 3.35 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 5.59 %. Profit before tax declined annually by -137.25 % but saw a reduction from the preceding quarter by -7.56 %.
Tax expenses as a percentage of profits increased slightly by 0.28 % compared to last year, with a more notable quarter-on-quarter decrease of -2.99 %. Net profit fell by -138.16 % year-on-year but witnessed a -3.43 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -140.82 % but a quarterly fall of -4.42 %. In summary, Bharat Gears 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. 170.48 Cr | Rs. 170.77 Cr | Rs. 166.01 Cr | -2.79 % | -2.62 % |
Expenses | Rs. 161.94 Cr | Rs. 163.47 Cr | Rs. 158.47 Cr | -3.06 % | -2.14 % |
Operating Profit | Rs. 8.54 Cr | Rs. 7.3 Cr | Rs. 7.54 Cr | + 3.29 % | -11.71 % |
Net Profit | Rs. -0.76 Cr | Rs. -1.75 Cr | Rs. -1.81 Cr | -3.43 % | -138.16 % |
EPS in Rs | Rs. -0.49 | Rs. -1.13 | Rs. -1.18 | -4.42 % | -140.82 % |
In reviewing Bharat Gears Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -2.62 % year-on-year, although there was a slight dip of -2.79 % from the previous quarter. Expenses decreased by -2.14 % compared to the previous year, with a decrease of -3.06 % quarter-on-quarter. Operating Profit dropped by -11.71 % annually, and saw a 3.29 % increase from the last quarter.
Net Profit showed yearly decrease of -138.16 %, and experienced a -3.43 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -140.82 % annually, however dipped by -4.42 % compared to the last quarter. In essence, while Bharat Gears 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.