Share the post "CG Power and Industrial Solutions Limited’s Quarterly Result and Earnings Report for Q4(Mar 2024) : Sales increased by 15.18 % in YoY and increased by 10.76 % in QoQ"
Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 15.18 % in the past year, substantial increase in net sales/revenue by 10.76 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -73.34 %, Marginal decrease of -91.69% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for CG Power and Industrial Solutions Limited. Profit dropped by -45.14 % Year to Year, CG Power and Industrial Solutions Limited’s profitability dropped by -68.73 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -45.16 % Year to Year. EPS decreased by -68.78 % 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. 1902.79 Cr | Rs. 1978.75 Cr | Rs. 2191.72 Cr | + 10.76 % | + 15.18 % |
Expenses | Rs. 1627.45 Cr | Rs. 1718.01 Cr | Rs. 1907.89 Cr | + 11.05 % | + 17.23 % |
Operating Profit | Rs. 275.34 Cr | Rs. 260.74 Cr | Rs. 283.83 Cr | + 8.86 % | + 3.08 % |
OPM % | 14.47 % | 13.18 % | 12.95 % | -0.23 % | -1.52 % |
Other Income | Rs. 180.46 Cr | Rs. 579.11 Cr | Rs. 48.11 Cr | -91.69 % | -73.34 % |
Interest | Rs. 2.48 Cr | Rs. 0.6 Cr | Rs. 0.86 Cr | + 43.33 % | -65.32 % |
Depreciation | Rs. 24.7 Cr | Rs. 23.72 Cr | Rs. 24.05 Cr | + 1.39 % | -2.63 % |
Profit before tax | Rs. 428.62 Cr | Rs. 815.53 Cr | Rs. 307.03 Cr | -62.35 % | -28.37 % |
Tax % | 7.55 % | 25.66 % | 22.3 % | -3.36 % | + 14.75 % |
Net Profit | Rs. 426.22 Cr | Rs. 747.67 Cr | Rs. 233.81 Cr | -68.73 % | -45.14 % |
EPS in Rs | Rs. 2.79 | Rs. 4.9 | Rs. 1.53 | -68.78 % | -45.16 % |
Today, we’re looking at CG Power and Industrial Solutions 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 15.18 %. However, it did see a marginal increase of 10.76 % from the previous quarter. Expenses ticked up slightly by 11.05 % quarter-on-quarter, aligning with the annual rise of 17.23 %. Operating profit, while up 3.08 % compared to last year, faced a quarter-on-quarter increase of 8.86 %, 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 -1.52 %, but a shrinkage of -0.23 % sequentially. Other income fell by -91.69 % compared to the last quarter, despite an annual decline of -73.34 %. Interest expenses surged remarkably by 43.33 % from the previous quarter, yet the year-over-year decrease remains at a moderate -65.32 %. Depreciation costs climbed by 1.39 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -2.63 %. Profit before tax declined annually by -28.37 % but saw a reduction from the preceding quarter by -62.35 %.
Tax expenses as a percentage of profits increased slightly by 14.75 % compared to last year, with a more notable quarter-on-quarter decrease of -3.36 %. Net profit fell by -45.14 % year-on-year but witnessed a -68.73 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -45.16 % but a quarterly fall of -68.78 %. 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. 1902.79 Cr | Rs. 1978.75 Cr | Rs. 2191.72 Cr | + 10.76 % | + 15.18 % |
Expenses | Rs. 1627.45 Cr | Rs. 1718.01 Cr | Rs. 1907.89 Cr | + 11.05 % | + 17.23 % |
Operating Profit | Rs. 275.34 Cr | Rs. 260.74 Cr | Rs. 283.83 Cr | + 8.86 % | + 3.08 % |
Net Profit | Rs. 426.22 Cr | Rs. 747.67 Cr | Rs. 233.81 Cr | -68.73 % | -45.14 % |
EPS in Rs | Rs. 2.79 | Rs. 4.9 | Rs. 1.53 | -68.78 % | -45.16 % |
In reviewing CG Power and Industrial Solutions Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 15.18 % year-on-year growth, however, there was a minor increase of 10.76 % from the previous quarter. Expenses rose by 17.23 % compared to the previous year, with a 11.05 % increase quarter-on-quarter. Operating Profit surged by 3.08 % annually, and saw a 8.86 % increase from the last quarter.
Net Profit showed yearly decrease of -45.14 %, and experienced a -68.73 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -45.16 % annually, however dipped by -68.78 % compared to the last quarter. In essence, while CG Power and Industrial Solutions 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.