Share the post "CG Power and Industrial Solutions : Q1 2024 Financial Quarterly Report : YoY Sales Up 19.28 %, QoQ Up 1.1 %"
Highlights
- The presented financial data is Standalone to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company experienced a substantial growth of 19.28 % in the past year, substantial increase in net sales/revenue by 1.1 %.
- 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 28.76 %. Marginal decrease of -40.2% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for CG Power and Industrial Solutions Limited. Notable increase of 20.86 % in net profit Year to Year, CG Power and Industrial Solutions Limited’s profitability dropped by -3.52 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 20.63 % Year to Year. EPS decreased by -3.8 % 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. 1766.01 Cr | Rs. 2083.54 Cr | Rs. 2106.41 Cr | + 1.1 % | + 19.28 % |
| Expenses | Rs. 1515.35 Cr | Rs. 1802.87 Cr | Rs. 1793.27 Cr | -0.53 % | + 18.34 % |
| Operating Profit | Rs. 250.66 Cr | Rs. 280.67 Cr | Rs. 313.14 Cr | + 11.57 % | + 24.93 % |
| OPM % | 14.19 % | 13.47 % | 14.87 % | + 1.4 % | + 0.68 % |
| Other Income | Rs. 25.9 Cr | Rs. 55.77 Cr | Rs. 33.35 Cr | -40.2 % | + 28.76 % |
| Interest | Rs. 0.77 Cr | Rs. 0.92 Cr | Rs. 0.58 Cr | -36.96 % | -24.68 % |
| Depreciation | Rs. 20.17 Cr | Rs. 19.59 Cr | Rs. 20.88 Cr | + 6.58 % | + 3.52 % |
| Profit before tax | Rs. 255.62 Cr | Rs. 315.93 Cr | Rs. 325.03 Cr | + 2.88 % | + 27.15 % |
| Tax % | 24.87 % | 23.85 % | 28.58 % | + 4.73 % | + 3.71 % |
| Net Profit | Rs. 192.06 Cr | Rs. 240.59 Cr | Rs. 232.13 Cr | -3.52 % | + 20.86 % |
| EPS in Rs | Rs. 1.26 | Rs. 1.57 | Rs. 1.52 | -3.18 % | + 20.63 % |
Today, we’re looking at CG Power and Industrial Solutions 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 19.28 %. However, it did see a marginal increase of 1.1 % from the previous quarter. Expenses decreased slightly by -0.53 % quarter-on-quarter, aligning with the annual rise of 18.34 %. Operating profit, while up 24.93 % compared to last year, faced a quarter-on-quarter increase of 11.57 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 0.68 %, but an expansion of 1.4 % sequentially. Other income fell by -40.2 % compared to the last quarter, despite an annual growth of 28.76 %. Interest expenses dropped significantly by -36.96 % from the previous quarter, yet the year-over-year decrease remains at a moderate -24.68 %. Depreciation costs climbed by 6.58 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 3.52 %. Profit before tax grew annually by 27.15 % but saw an increase from the preceding quarter by 2.88 %.
Tax expenses as a percentage of profits increased slightly by 3.71 % compared to last year, with a more notable quarter-on-quarter increase of 4.73 %. Net profit rose by 20.86 % year-on-year but witnessed a -3.52 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 20.63 % but a quarterly fall of -3.18 %. In summary, CG Power and Industrial Solutions 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. 1766.01 Cr | Rs. 2083.54 Cr | Rs. 2106.41 Cr | + 1.1 % | + 19.28 % |
| Expenses | Rs. 1515.35 Cr | Rs. 1802.87 Cr | Rs. 1793.27 Cr | -0.53 % | + 18.34 % |
| Operating Profit | Rs. 250.66 Cr | Rs. 280.67 Cr | Rs. 313.14 Cr | + 11.57 % | + 24.93 % |
| Net Profit | Rs. 192.06 Cr | Rs. 240.59 Cr | Rs. 232.13 Cr | -3.52 % | + 20.86 % |
| EPS in Rs | Rs. 1.26 | Rs. 1.57 | Rs. 1.52 | -3.18 % | + 20.63 % |
In reviewing CG Power and Industrial Solutions Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 19.28 % year-on-year growth, however, there was a minor increase of 1.1 % from the previous quarter. Expenses rose by 18.34 % compared to the previous year, with a decrease of -0.53 % quarter-on-quarter. Operating Profit surged by 24.93 % annually, and saw a 11.57 % increase from the last quarter.
Net Profit showed yearly increase of 20.86 %, and experienced a -3.52 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 20.63 % annually, however dipped by -3.18 % compared to the last quarter. In essence, while CG Power and Industrial Solutions 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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