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Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 6.43 % in the past year, decrease in net sales/revenue by -4.42 %.
- 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 36.06 %. Marginal increase in other income during this quarter, up by 7.27%.
- Profit over the Year and quarter: Significant improvement in profitability for D.B.Corp Limited. Notable increase of 49.65 % in net profit Year to Year, D.B.Corp Limited’s profitability dropped by -3.81 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 49.44 % Year to Year. EPS decreased by -3.78 % 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. 554.196 Cr | Rs. 617.135 Cr | Rs. 589.851 Cr | -4.42 % | + 6.43 % |
| Expenses | Rs. 437.69 Cr | Rs. 445.03 Cr | Rs. 425.4 Cr | -4.41 % | -2.81 % |
| Operating Profit | Rs. 116.51 Cr | Rs. 172.11 Cr | Rs. 164.45 Cr | -4.45 % | + 41.15 % |
| OPM % | 21.02 % | 27.89 % | 27.88 % | -0.01 % | + 6.86 % |
| Other Income | Rs. 19.41 Cr | Rs. 24.62 Cr | Rs. 26.41 Cr | + 7.27 % | + 36.06 % |
| Interest | Rs. 5 Cr | Rs. 6.31 Cr | Rs. 5.78 Cr | -8.4 % | + 15.6 % |
| Depreciation | Rs. 27.29 Cr | Rs. 28.89 Cr | Rs. 27.72 Cr | -4.05 % | + 1.58 % |
| Profit before tax | Rs. 103.63 Cr | Rs. 161.53 Cr | Rs. 157.36 Cr | -2.58 % | + 51.85 % |
| Tax % | 24 % | 24.14 % | 25.1 % | + 0.96 % | + 1.1 % |
| Net Profit | Rs. 78.76 Cr | Rs. 122.53 Cr | Rs. 117.87 Cr | -3.8 % | + 49.66 % |
| EPS in Rs | Rs. 4.42 | Rs. 6.87 | Rs. 6.61 | -3.78 % | + 49.55 % |
Today, we’re looking at D.B.Corp 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 6.43 %. However, it did see a marginal slip of -4.42 % from the previous quarter. Expenses decreased slightly by -4.41 % quarter-on-quarter, aligning with the annual decline of -2.81 %. Operating profit, while up 41.15 % compared to last year, faced a quarter-on-quarter dip of -4.45 %, 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 6.86 %, but a shrinkage of -0.01 % sequentially. Other income rose by 7.27 % compared to the last quarter, despite an annual growth of 36.06 %. Interest expenses dropped significantly by -8.4 % from the previous quarter, yet the year-over-year increase remains at a moderate 15.6 %. Depreciation costs fell by -4.05 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 1.58 %. Profit before tax grew annually by 51.85 % but saw a reduction from the preceding quarter by -2.58 %.
Tax expenses as a percentage of profits increased slightly by 1.1 % compared to last year, with a more notable quarter-on-quarter increase of 0.96 %. Net profit rose by 49.66 % year-on-year but witnessed a -3.8 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 49.55 % but a quarterly fall of -3.78 %. In summary, D.B.Corp 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. 554.196 Cr | Rs. 617.135 Cr | Rs. 589.851 Cr | -4.42 % | + 6.43 % |
| Expenses | Rs. 437.69 Cr | Rs. 445.03 Cr | Rs. 425.4 Cr | -4.41 % | -2.81 % |
| Operating Profit | Rs. 116.51 Cr | Rs. 172.11 Cr | Rs. 164.45 Cr | -4.45 % | + 41.15 % |
| Net Profit | Rs. 78.76 Cr | Rs. 122.53 Cr | Rs. 117.87 Cr | -3.8 % | + 49.66 % |
| EPS in Rs | Rs. 4.42 | Rs. 6.87 | Rs. 6.61 | -3.78 % | + 49.55 % |
In reviewing D.B.Corp Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 6.43 % year-on-year growth, although there was a slight dip of -4.42 % from the previous quarter. Expenses decreased by -2.81 % compared to the previous year, with a decrease of -4.41 % quarter-on-quarter. Operating Profit surged by 41.15 % annually, and saw a -4.45 % decrease from the last quarter.
Net Profit showed yearly increase of 49.66 %, and experienced a -3.8 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 49.55 % annually, however dipped by -3.78 % compared to the last quarter. In essence, while D.B.Corp 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.
