Share the post "Bharat Wire Ropes Limited’s Quarterly Result and Earnings Report for Q4(Mar 2024) : Sales decreased by 9.35 % in YoY and decreased by 6.39 % in QoQ"
Highlights
- Sales over the Year and quarter: The company’s sales declined by -9.35 % over the year, decrease in net sales/revenue by -6.39 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -23.08 %, Marginal decrease of -33.33% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Bharat Wire Ropes Limited. Notable increase of 36 % in net profit Year to Year, Bharat Wire Ropes Limited’s profitability dropped by -17.71 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 28.63 % Year to Year. EPS decreased by -17.78 % 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. 162.33 Cr | Rs. 157.203 Cr | Rs. 147.156 Cr | -6.39 % | -9.35 % |
| Expenses | Rs. 116.64 Cr | Rs. 113.31 Cr | Rs. 109.78 Cr | -3.12 % | -5.88 % |
| Operating Profit | Rs. 45.69 Cr | Rs. 43.89 Cr | Rs. 37.38 Cr | -14.83 % | -18.19 % |
| OPM % | 28.15 % | 27.92 % | 25.4 % | -2.52 % | -2.75 % |
| Other Income | Rs. 0.13 Cr | Rs. 0.15 Cr | Rs. 0.1 Cr | -33.33 % | -23.08 % |
| Interest | Rs. 6.15 Cr | Rs. 3.43 Cr | Rs. 3.64 Cr | + 6.12 % | -40.81 % |
| Depreciation | Rs. 5.21 Cr | Rs. 5.27 Cr | Rs. 5.32 Cr | + 0.95 % | + 2.11 % |
| Profit before tax | Rs. 34.46 Cr | Rs. 35.34 Cr | Rs. 28.52 Cr | -19.3 % | -17.24 % |
| Tax % | 53.7 % | 25.43 % | 23.87 % | -1.56 % | -29.83 % |
| Net Profit | Rs. 15.94 Cr | Rs. 26.35 Cr | Rs. 21.68 Cr | -17.72 % | + 36.01 % |
| EPS in Rs | Rs. 2.48 | Rs. 3.88 | Rs. 3.19 | -17.78 % | + 28.63 % |
Today, we’re looking at Bharat Wire Ropes Limited’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -9.35 %. However, it did see a marginal slip of -6.39 % from the previous quarter. Expenses decreased slightly by -3.12 % quarter-on-quarter, aligning with the annual decline of -5.88 %. Operating profit, while down -18.19 % compared to last year, faced a quarter-on-quarter dip of -14.83 %, 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 -2.75 %, but a shrinkage of -2.52 % sequentially. Other income fell by -33.33 % compared to the last quarter, despite an annual decline of -23.08 %. Interest expenses surged remarkably by 6.12 % from the previous quarter, yet the year-over-year decrease remains at a moderate -40.81 %. Depreciation costs climbed by 0.95 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 2.11 %. Profit before tax declined annually by -17.24 % but saw a reduction from the preceding quarter by -19.3 %.
Tax expenses as a percentage of profits decreased slightly by -29.83 % compared to last year, with a more notable quarter-on-quarter decrease of -1.56 %. Net profit rose by 36.01 % year-on-year but witnessed a -17.72 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 28.63 % but a quarterly fall of -17.78 %. 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. 162.33 Cr | Rs. 157.203 Cr | Rs. 147.156 Cr | -6.39 % | -9.35 % |
| Expenses | Rs. 116.64 Cr | Rs. 113.31 Cr | Rs. 109.78 Cr | -3.12 % | -5.88 % |
| Operating Profit | Rs. 45.69 Cr | Rs. 43.89 Cr | Rs. 37.38 Cr | -14.83 % | -18.19 % |
| Net Profit | Rs. 15.94 Cr | Rs. 26.35 Cr | Rs. 21.68 Cr | -17.72 % | + 36.01 % |
| EPS in Rs | Rs. 2.48 | Rs. 3.88 | Rs. 3.19 | -17.78 % | + 28.63 % |
In reviewing Bharat Wire Ropes Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -9.35 % year-on-year, although there was a slight dip of -6.39 % from the previous quarter. Expenses decreased by -5.88 % compared to the previous year, with a decrease of -3.12 % quarter-on-quarter. Operating Profit dropped by -18.19 % annually, and saw a -14.83 % decrease from the last quarter.
Net Profit showed yearly increase of 36.01 %, and experienced a -17.72 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 28.63 % annually, however dipped by -17.78 % compared to the last quarter. In essence, while Bharat Wire Ropes Limited exhibits strong annual growth indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.
