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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 -15.73 % over the year, decrease in net sales/revenue by -9.3 %.
- 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 68.29 %. Marginal increase in other income during this quarter, up by 28.37%.
- Profit over the Year and quarter: Challenges in sustaining profitability for Bharat Wire Ropes Limited. Profit dropped by -23.89 % Year to Year, Bharat Wire Ropes Limited’s profitability dropped by -17.21 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -24.07 % Year to Year. EPS decreased by -17.45 % 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. 158.386 Cr | Rs. 147.156 Cr | Rs. 133.466 Cr | -9.3 % | -15.73 % |
Expenses | Rs. 117.27 Cr | Rs. 109.78 Cr | Rs. 100.87 Cr | -8.12 % | -13.98 % |
Operating Profit | Rs. 41.12 Cr | Rs. 37.38 Cr | Rs. 32.6 Cr | -12.79 % | -20.72 % |
OPM % | 25.96 % | 25.4 % | 24.43 % | -0.97 % | -1.53 % |
Other Income | Rs. 0.164 Cr | Rs. 0.215 Cr | Rs. 0.276 Cr | + 28.37 % | + 68.29 % |
Interest | Rs. 4.08 Cr | Rs. 3.64 Cr | Rs. 3.2 Cr | -12.09 % | -21.57 % |
Depreciation | Rs. 5.25 Cr | Rs. 5.32 Cr | Rs. 5.34 Cr | + 0.38 % | + 1.71 % |
Profit before tax | Rs. 31.95 Cr | Rs. 28.64 Cr | Rs. 24.34 Cr | -15.01 % | -23.82 % |
Tax % | 25.78 % | 23.85 % | 25.8 % | + 1.95 % | + 0.02 % |
Net Profit | Rs. 23.72 Cr | Rs. 21.8 Cr | Rs. 18.05 Cr | -17.2 % | -23.9 % |
EPS in Rs | Rs. 3.49 | Rs. 3.21 | Rs. 2.65 | -17.45 % | -24.07 % |
Today, we’re looking at Bharat Wire Ropes 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 -15.73 %. However, it did see a marginal slip of -9.3 % from the previous quarter. Expenses decreased slightly by -8.12 % quarter-on-quarter, aligning with the annual decline of -13.98 %. Operating profit, while down -20.72 % compared to last year, faced a quarter-on-quarter dip of -12.79 %, 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 -1.53 %, but a shrinkage of -0.97 % sequentially. Other income rose by 28.37 % compared to the last quarter, despite an annual growth of 68.29 %. Interest expenses dropped significantly by -12.09 % from the previous quarter, yet the year-over-year decrease remains at a moderate -21.57 %. Depreciation costs climbed by 0.38 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 1.71 %. Profit before tax declined annually by -23.82 % but saw a reduction from the preceding quarter by -15.01 %.
Tax expenses as a percentage of profits increased slightly by 0.02 % compared to last year, with a more notable quarter-on-quarter increase of 1.95 %. Net profit fell by -23.9 % year-on-year but witnessed a -17.2 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -24.07 % but a quarterly fall of -17.45 %. In summary, Bharat Wire Ropes 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. 158.386 Cr | Rs. 147.156 Cr | Rs. 133.466 Cr | -9.3 % | -15.73 % |
Expenses | Rs. 117.27 Cr | Rs. 109.78 Cr | Rs. 100.87 Cr | -8.12 % | -13.98 % |
Operating Profit | Rs. 41.12 Cr | Rs. 37.38 Cr | Rs. 32.6 Cr | -12.79 % | -20.72 % |
Net Profit | Rs. 23.72 Cr | Rs. 21.8 Cr | Rs. 18.05 Cr | -17.2 % | -23.9 % |
EPS in Rs | Rs. 3.49 | Rs. 3.21 | Rs. 2.65 | -17.45 % | -24.07 % |
In reviewing Bharat Wire Ropes Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -15.73 % year-on-year, although there was a slight dip of -9.3 % from the previous quarter. Expenses decreased by -13.98 % compared to the previous year, with a decrease of -8.12 % quarter-on-quarter. Operating Profit dropped by -20.72 % annually, and saw a -12.79 % decrease from the last quarter.
Net Profit showed yearly decrease of -23.9 %, and experienced a -17.2 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -24.07 % annually, however dipped by -17.45 % compared to the last quarter. In essence, while Bharat Wire Ropes 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.