Share the post "Cheviot Company ‘s Q2 Results: Profit Drops by 6.1% YoY"
Highlights
- The presented financial data is Standalone to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company’s sales declined by -18.06 % over the year, substantial increase in net sales/revenue by 8.58 %.
- 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 48.08 %. Marginal decrease of -33.02% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Cheviot Company Limited. Profit dropped by -6.08 % Year to Year, Cheviot Company Limited’s profitability dropped by -30.31 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -4.01 % Year to Year. EPS decreased by -28.77 % 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. 125.516 Cr | Rs. 94.718 Cr | Rs. 102.847 Cr | + 8.58 % | -18.06 % |
Expenses | Rs. 110.4 Cr | Rs. 86.38 Cr | Rs. 92.52 Cr | + 7.11 % | -16.2 % |
Operating Profit | Rs. 15.12 Cr | Rs. 8.34 Cr | Rs. 10.33 Cr | + 23.86 % | -31.68 % |
OPM % | 12.05 % | 8.81 % | 10.04 % | + 1.23 % | -2.01 % |
Other Income | Rs. 11.054 Cr | Rs. 24.438 Cr | Rs. 16.369 Cr | -33.02 % | + 48.08 % |
Interest | Rs. 0.06 Cr | Rs. 0.04 Cr | Rs. 0.09 Cr | + 125 % | + 50 % |
Depreciation | Rs. 1.74 Cr | Rs. 1.64 Cr | Rs. 1.64 Cr | + 0 % | -5.75 % |
Profit before tax | Rs. 24.37 Cr | Rs. 31.1 Cr | Rs. 24.97 Cr | -19.71 % | + 2.46 % |
Tax % | 19.27 % | 14.75 % | 25.98 % | + 11.23 % | + 6.71 % |
Net Profit | Rs. 19.68 Cr | Rs. 26.52 Cr | Rs. 18.48 Cr | -30.32 % | -6.1 % |
EPS in Rs | Rs. 32.7 | Rs. 44.07 | Rs. 31.39 | -28.77 % | -4.01 % |
Today, we’re looking at Cheviot Company Limited’s financial performance for the Q2(Sep 2024-25).Starting with the top line, the company reported a significant year-over-year sales decline of -18.06 %. However, it did see a marginal increase of 8.58 % from the previous quarter. Expenses ticked up slightly by 7.11 % quarter-on-quarter, aligning with the annual decline of -16.2 %. Operating profit, while down -31.68 % compared to last year, faced a quarter-on-quarter increase of 23.86 %, 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 -2.01 %, but an expansion of 1.23 % sequentially. Other income fell by -33.02 % compared to the last quarter, despite an annual growth of 48.08 %. Interest expenses surged remarkably by 125 % from the previous quarter, yet the year-over-year increase remains at a moderate 50 %. Depreciation costs climbed by 0 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -5.75 %. Profit before tax grew annually by 2.46 % but saw a reduction from the preceding quarter by -19.71 %.
Tax expenses as a percentage of profits increased slightly by 6.71 % compared to last year, with a more notable quarter-on-quarter increase of 11.23 %. Net profit fell by -6.1 % year-on-year but witnessed a -30.32 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -4.01 % but a quarterly fall of -28.77 %. In summary, Cheviot Company 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. 125.516 Cr | Rs. 94.718 Cr | Rs. 102.847 Cr | + 8.58 % | -18.06 % |
Expenses | Rs. 110.4 Cr | Rs. 86.38 Cr | Rs. 92.52 Cr | + 7.11 % | -16.2 % |
Operating Profit | Rs. 15.12 Cr | Rs. 8.34 Cr | Rs. 10.33 Cr | + 23.86 % | -31.68 % |
Net Profit | Rs. 19.68 Cr | Rs. 26.52 Cr | Rs. 18.48 Cr | -30.32 % | -6.1 % |
EPS in Rs | Rs. 32.7 | Rs. 44.07 | Rs. 31.39 | -28.77 % | -4.01 % |
In reviewing Cheviot Company Limited’s 2024-25(Q2) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -18.06 % year-on-year, however, there was a minor increase of 8.58 % from the previous quarter. Expenses decreased by -16.2 % compared to the previous year, with a 7.11 % increase quarter-on-quarter. Operating Profit dropped by -31.68 % annually, and saw a 23.86 % increase from the last quarter.
Net Profit showed yearly decrease of -6.1 %, and experienced a -30.32 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -4.01 % annually, however dipped by -28.77 % compared to the last quarter. In essence, while Cheviot Company 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.
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