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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 9.38 % in the past year, decrease in net sales/revenue by -9.55 %.
- 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 15.66 %. Marginal increase in other income during this quarter, up by 1.2%.
- Profit over the Year and quarter: Significant improvement in profitability for Container Corporation Of India Ltd.. Notable increase of 5.8 % in net profit Year to Year, Container Corporation Of India Ltd.’s profitability dropped by -18.38 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 5.97 % Year to Year. EPS decreased by -18.39 % 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. 1922.84 Cr | Rs. 2325.13 Cr | Rs. 2103.13 Cr | -9.55 % | + 9.38 % |
| Expenses | Rs. 1527.02 Cr | Rs. 1826.93 Cr | Rs. 1662.32 Cr | -9.01 % | + 8.86 % |
| Operating Profit | Rs. 395.82 Cr | Rs. 498.2 Cr | Rs. 440.81 Cr | -11.52 % | + 11.37 % |
| OPM % | 20.59 % | 21.43 % | 20.96 % | -0.47 % | + 0.37 % |
| Other Income | Rs. 81.14 Cr | Rs. 92.74 Cr | Rs. 93.85 Cr | + 1.2 % | + 15.66 % |
| Interest | Rs. 15.91 Cr | Rs. 20.03 Cr | Rs. 18.95 Cr | -5.39 % | + 19.11 % |
| Depreciation | Rs. 142.1 Cr | Rs. 164.51 Cr | Rs. 169.42 Cr | + 2.98 % | + 19.23 % |
| Profit before tax | Rs. 318.95 Cr | Rs. 406.4 Cr | Rs. 346.29 Cr | -14.79 % | + 8.57 % |
| Tax % | 24.07 % | 25.87 % | 25.03 % | -0.84 % | + 0.96 % |
| Net Profit | Rs. 245.19 Cr | Rs. 317.83 Cr | Rs. 259.42 Cr | -18.38 % | + 5.8 % |
| EPS in Rs | Rs. 4.02 | Rs. 5.22 | Rs. 4.26 | -18.39 % | + 5.97 % |
Today, we’re looking at Container Corporation Of India Ltd.’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 9.38 %. However, it did see a marginal slip of -9.55 % from the previous quarter. Expenses decreased slightly by -9.01 % quarter-on-quarter, aligning with the annual rise of 8.86 %. Operating profit, while up 11.37 % compared to last year, faced a quarter-on-quarter dip of -11.52 %, 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 0.37 %, but a shrinkage of -0.47 % sequentially. Other income rose by 1.2 % compared to the last quarter, despite an annual growth of 15.66 %. Interest expenses dropped significantly by -5.39 % from the previous quarter, yet the year-over-year increase remains at a moderate 19.11 %. Depreciation costs climbed by 2.98 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 19.23 %. Profit before tax grew annually by 8.57 % but saw a reduction from the preceding quarter by -14.79 %.
Tax expenses as a percentage of profits increased slightly by 0.96 % compared to last year, with a more notable quarter-on-quarter decrease of -0.84 %. Net profit rose by 5.8 % year-on-year but witnessed a -18.38 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 5.97 % but a quarterly fall of -18.39 %. In summary, Container Corporation Of India Ltd.’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. 1922.84 Cr | Rs. 2325.13 Cr | Rs. 2103.13 Cr | -9.55 % | + 9.38 % |
| Expenses | Rs. 1527.02 Cr | Rs. 1826.93 Cr | Rs. 1662.32 Cr | -9.01 % | + 8.86 % |
| Operating Profit | Rs. 395.82 Cr | Rs. 498.2 Cr | Rs. 440.81 Cr | -11.52 % | + 11.37 % |
| Net Profit | Rs. 245.19 Cr | Rs. 317.83 Cr | Rs. 259.42 Cr | -18.38 % | + 5.8 % |
| EPS in Rs | Rs. 4.02 | Rs. 5.22 | Rs. 4.26 | -18.39 % | + 5.97 % |
In reviewing Container Corporation Of India Ltd.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 9.38 % year-on-year growth, although there was a slight dip of -9.55 % from the previous quarter. Expenses rose by 8.86 % compared to the previous year, with a decrease of -9.01 % quarter-on-quarter. Operating Profit surged by 11.37 % annually, and saw a -11.52 % decrease from the last quarter.
Net Profit showed yearly increase of 5.8 %, and experienced a -18.38 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 5.97 % annually, however dipped by -18.39 % compared to the last quarter. In essence, while Container Corporation Of India Ltd. exhibits strong annual growth 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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