Share the post "Cords Cable Industries : Q1 2024 Financial Quarterly Report : YoY Sales Up 27.87 %, QoQ Down 3.49 %"
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 27.87 % in the past year, decrease in net sales/revenue by -3.49 %.
- 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 206.91 %. Marginal increase in other income during this quarter, up by 29.42%.
- Profit over the Year and quarter: Significant improvement in profitability for Cords Cable Industries Limited. Notable increase of 55.38 % in net profit Year to Year, Cords Cable Industries Limited’s profitability dropped by -10.93 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 57.45 % Year to Year. EPS decreased by -11.55 % 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. 135.264 Cr | Rs. 179.222 Cr | Rs. 172.965 Cr | -3.49 % | + 27.87 % |
| Expenses | Rs. 125.33 Cr | Rs. 167.13 Cr | Rs. 162.56 Cr | -2.73 % | + 29.71 % |
| Operating Profit | Rs. 9.93 Cr | Rs. 12.09 Cr | Rs. 10.41 Cr | -13.9 % | + 4.83 % |
| OPM % | 7.34 % | 6.75 % | 6.02 % | -0.73 % | -1.32 % |
| Other Income | Rs. 0.622 Cr | Rs. 1.475 Cr | Rs. 1.909 Cr | + 29.42 % | + 206.91 % |
| Interest | Rs. 6.18 Cr | Rs. 6.88 Cr | Rs. 6.32 Cr | -8.14 % | + 2.27 % |
| Depreciation | Rs. 1.91 Cr | Rs. 2.08 Cr | Rs. 2.08 Cr | + 0 % | + 8.9 % |
| Profit before tax | Rs. 2.46 Cr | Rs. 4.61 Cr | Rs. 3.92 Cr | -14.97 % | + 59.35 % |
| Tax % | 25 % | 29.91 % | 26.6 % | -3.31 % | + 1.6 % |
| Net Profit | Rs. 1.85 Cr | Rs. 3.23 Cr | Rs. 2.88 Cr | -10.84 % | + 55.68 % |
| EPS in Rs | Rs. 1.41 | Rs. 2.51 | Rs. 2.22 | -11.55 % | + 57.45 % |
Today, we’re looking at Cords Cable Industries 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 27.87 %. However, it did see a marginal slip of -3.49 % from the previous quarter. Expenses decreased slightly by -2.73 % quarter-on-quarter, aligning with the annual rise of 29.71 %. Operating profit, while up 4.83 % compared to last year, faced a quarter-on-quarter dip of -13.9 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -1.32 %, but a shrinkage of -0.73 % sequentially. Other income rose by 29.42 % compared to the last quarter, despite an annual growth of 206.91 %. Interest expenses dropped significantly by -8.14 % from the previous quarter, yet the year-over-year increase remains at a moderate 2.27 %. Depreciation costs climbed by 0 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 8.9 %. Profit before tax grew annually by 59.35 % but saw a reduction from the preceding quarter by -14.97 %.
Tax expenses as a percentage of profits increased slightly by 1.6 % compared to last year, with a more notable quarter-on-quarter decrease of -3.31 %. Net profit rose by 55.68 % year-on-year but witnessed a -10.84 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 57.45 % but a quarterly fall of -11.55 %. In summary, Cords Cable Industries 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. 135.264 Cr | Rs. 179.222 Cr | Rs. 172.965 Cr | -3.49 % | + 27.87 % |
| Expenses | Rs. 125.33 Cr | Rs. 167.13 Cr | Rs. 162.56 Cr | -2.73 % | + 29.71 % |
| Operating Profit | Rs. 9.93 Cr | Rs. 12.09 Cr | Rs. 10.41 Cr | -13.9 % | + 4.83 % |
| Net Profit | Rs. 1.85 Cr | Rs. 3.23 Cr | Rs. 2.88 Cr | -10.84 % | + 55.68 % |
| EPS in Rs | Rs. 1.41 | Rs. 2.51 | Rs. 2.22 | -11.55 % | + 57.45 % |
In reviewing Cords Cable Industries Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 27.87 % year-on-year growth, although there was a slight dip of -3.49 % from the previous quarter. Expenses rose by 29.71 % compared to the previous year, with a decrease of -2.73 % quarter-on-quarter. Operating Profit surged by 4.83 % annually, and saw a -13.9 % decrease from the last quarter.
Net Profit showed yearly increase of 55.68 %, and experienced a -10.84 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 57.45 % annually, however dipped by -11.55 % compared to the last quarter. In essence, while Cords Cable Industries Limited 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.
