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CARE Ratings Limited : .Q4 .2024 .Quarterly Earnings: .YoY Sales Up .16.3. %, QoQ Up .14.58. %

May 11, 2024May 11, 2024| adminadmin| 0 Comments| 12:00 pm
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Highlights

  • Sales over the Year and quarter: The company experienced a substantial growth of 16.3 % in the past year, substantial increase in net sales/revenue by 14.58 %.
  • Income over the Year and quarter: There has been decline in other income over the past year which is -0.77 %, Marginal decrease of -24.78% in other income during this quarter.
  • Profit over the Year and quarter: Significant improvement in profitability for CARE Ratings Limited. Notable increase of 21.82 % in net profit Year to Year, CARE Ratings Limited’s profitability increased by 2.62 % in this quarter.
  • EPS over the Year and quarter: EPS increased by 22.27 % Year to Year. EPS increased by 2.41 % in previous quarter. Positive impact on shareholders.

The comprehensive analytics outlining the performance and outlook of CARE Ratings Limited”s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

Metrics Previous Year Previous Quarter Current Quarter Quarter to Quarter Difference Year to Year Difference
Sales Rs. 77.51 Cr Rs. 78.677 Cr Rs. 90.148 Cr + 14.58 % + 16.3 %
Expenses Rs. 50.19 Cr Rs. 55.32 Cr Rs. 61.11 Cr + 10.47 % + 21.76 %
Operating Profit Rs. 27.32 Cr Rs. 23.36 Cr Rs. 29.04 Cr + 24.32 % + 6.3 %
OPM % 35.25 % 29.69 % 32.21 % + 2.52 % -3.04 %
Other Income Rs. 10.37 Cr Rs. 13.68 Cr Rs. 10.29 Cr -24.78 % -0.77 %
Interest Rs. 0.54 Cr Rs. 0.47 Cr Rs. 0.46 Cr -2.13 % -14.81 %
Depreciation Rs. 3.06 Cr Rs. 2.61 Cr Rs. 2.67 Cr + 2.3 % -12.75 %
Profit before tax Rs. 34.09 Cr Rs. 33.96 Cr Rs. 36.2 Cr + 6.6 % + 6.19 %
Tax % 40.88 % 29.56 % 32.16 % + 2.6 % -8.72 %
Net Profit Rs. 20.15 Cr Rs. 23.92 Cr Rs. 24.55 Cr + 2.63 % + 21.84 %
EPS in Rs Rs. 6.6 Rs. 7.88 Rs. 8.07 + 2.41 % + 22.27 %


Today, we’re looking at CARE Ratings Limited’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 16.3 %. However, it did see a marginal increase of 14.58 % from the previous quarter. Expenses ticked up slightly by 10.47 % quarter-on-quarter, aligning with the annual rise of 21.76 %. Operating profit, while up 6.3 % compared to last year, faced a quarter-on-quarter increase of 24.32 %, 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 -3.04 %, but an expansion of 2.52 % sequentially. Other income fell by -24.78 % compared to the last quarter, despite an annual decline of -0.77 %. Interest expenses dropped significantly by -2.13 % from the previous quarter, yet the year-over-year decrease remains at a moderate -14.81 %. Depreciation costs climbed by 2.3 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -12.75 %. Profit before tax grew annually by 6.19 % but saw an increase from the preceding quarter by 6.6 %.
Tax expenses as a percentage of profits decreased slightly by -8.72 % compared to last year, with a more notable quarter-on-quarter increase of 2.6 %. Net profit rose by 21.84 % year-on-year but experienced a 2.63 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 22.27 % but a quarterly rise of 2.41 %. In summary, CARE Ratings 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. 77.51 Cr Rs. 78.677 Cr Rs. 90.148 Cr + 14.58 % + 16.3 %
Expenses Rs. 50.19 Cr Rs. 55.32 Cr Rs. 61.11 Cr + 10.47 % + 21.76 %
Operating Profit Rs. 27.32 Cr Rs. 23.36 Cr Rs. 29.04 Cr + 24.32 % + 6.3 %
Net Profit Rs. 20.15 Cr Rs. 23.92 Cr Rs. 24.55 Cr + 2.63 % + 21.84 %
EPS in Rs Rs. 6.6 Rs. 7.88 Rs. 8.07 + 2.41 % + 22.27 %


In reviewing CARE Ratings Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 16.3 % year-on-year growth, however, there was a minor increase of 14.58 % from the previous quarter. Expenses rose by 21.76 % compared to the previous year, with a 10.47 % increase quarter-on-quarter. Operating Profit surged by 6.3 % annually, and saw a 24.32 % increase from the last quarter.
Net Profit showed yearly increase of 21.84 %, and experienced a 2.63 % increase from the previous quarter. Earnings Per Share (EPS) rose by 22.27 % annually, however rose by 2.41 % compared to the last quarter. In essence, while CARE Ratings 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.

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