Share the post "Blue Star announced Financial Results Q1 2024"
Highlights
- The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company experienced a substantial growth of 28.72 % in the past year, decrease in net sales/revenue by -13.9 %.
- 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 153.72 %. Marginal increase in other income during this quarter, up by 87.21%.
- Profit over the Year and quarter: Significant improvement in profitability for Blue Star Limited. Notable increase of 102.42 % in net profit Year to Year, Blue Star Limited’s profitability increased by 5.67 % in this quarter.
- EPS over the Year and quarter: EPS increased by 89.61 % Year to Year. EPS increased by 5.66 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 2226 Cr | Rs. 3327.77 Cr | Rs. 2865.37 Cr | -13.9 % | + 28.72 % |
| Expenses | Rs. 2081 Cr | Rs. 3085.87 Cr | Rs. 2627.54 Cr | -14.85 % | + 26.26 % |
| Operating Profit | Rs. 145 Cr | Rs. 241.9 Cr | Rs. 237.83 Cr | -1.68 % | + 64.02 % |
| OPM % | 6.51 % | 7.27 % | 8.3 % | + 1.03 % | + 1.79 % |
| Other Income | Rs. 9.4 Cr | Rs. 12.74 Cr | Rs. 23.85 Cr | + 87.21 % | + 153.72 % |
| Interest | Rs. 18 Cr | Rs. 12.19 Cr | Rs. 7.64 Cr | -37.33 % | -57.56 % |
| Depreciation | Rs. 22.79 Cr | Rs. 28.32 Cr | Rs. 28.02 Cr | -1.06 % | + 22.95 % |
| Profit before tax | Rs. 113.61 Cr | Rs. 214.13 Cr | Rs. 226.02 Cr | + 5.55 % | + 98.94 % |
| Tax % | 26.62 % | 25.46 % | 25.34 % | -0.12 % | -1.28 % |
| Net Profit | Rs. 83.37 Cr | Rs. 159.71 Cr | Rs. 168.76 Cr | + 5.67 % | + 102.42 % |
| EPS in Rs | Rs. 4.33 | Rs. 7.77 | Rs. 8.21 | + 5.66 % | + 89.61 % |
Today, we’re looking at Blue Star Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 28.72 %. However, it did see a marginal slip of -13.9 % from the previous quarter. Expenses decreased slightly by -14.85 % quarter-on-quarter, aligning with the annual rise of 26.26 %. Operating profit, while up 64.02 % compared to last year, faced a quarter-on-quarter dip of -1.68 %, 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 1.79 %, but an expansion of 1.03 % sequentially. Other income rose by 87.21 % compared to the last quarter, despite an annual growth of 153.72 %. Interest expenses dropped significantly by -37.33 % from the previous quarter, yet the year-over-year decrease remains at a moderate -57.56 %. Depreciation costs fell by -1.06 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 22.95 %. Profit before tax grew annually by 98.94 % but saw an increase from the preceding quarter by 5.55 %.
Tax expenses as a percentage of profits decreased slightly by -1.28 % compared to last year, with a more notable quarter-on-quarter decrease of -0.12 %. Net profit rose by 102.42 % year-on-year but experienced a 5.67 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 89.61 % but a quarterly rise of 5.66 %. In summary, Blue Star 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. 2226 Cr | Rs. 3327.77 Cr | Rs. 2865.37 Cr | -13.9 % | + 28.72 % |
| Expenses | Rs. 2081 Cr | Rs. 3085.87 Cr | Rs. 2627.54 Cr | -14.85 % | + 26.26 % |
| Operating Profit | Rs. 145 Cr | Rs. 241.9 Cr | Rs. 237.83 Cr | -1.68 % | + 64.02 % |
| Net Profit | Rs. 83.37 Cr | Rs. 159.71 Cr | Rs. 168.76 Cr | + 5.67 % | + 102.42 % |
| EPS in Rs | Rs. 4.33 | Rs. 7.77 | Rs. 8.21 | + 5.66 % | + 89.61 % |
In reviewing Blue Star Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 28.72 % year-on-year growth, although there was a slight dip of -13.9 % from the previous quarter. Expenses rose by 26.26 % compared to the previous year, with a decrease of -14.85 % quarter-on-quarter. Operating Profit surged by 64.02 % annually, and saw a -1.68 % decrease from the last quarter.
Net Profit showed yearly increase of 102.42 %, and experienced a 5.67 % increase from the previous quarter. Earnings Per Share (EPS) rose by 89.61 % annually, however rose by 5.66 % compared to the last quarter. In essence, while Blue Star Limited 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=”Blue Star “]
