Share the post "Deepak Nitrite : Q4 2024 Financial Quarterly Report : YoY Sales Up 8.4 %, QoQ Up 5.82 %"
Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 8.4 % in the past year, substantial increase in net sales/revenue by 5.82 %.
- 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 52.27 %. Marginal increase in other income during this quarter, up by 41.15%.
- Profit over the Year and quarter: Significant improvement in profitability for Deepak Nitrite Limited. Notable increase of 8.55 % in net profit Year to Year, Deepak Nitrite Limited’s profitability increased by 25.64 % in this quarter.
- EPS over the Year and quarter: EPS increased by 8.51 % Year to Year. EPS increased by 25.66 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 1961.36 Cr | Rs. 2009.23 Cr | Rs. 2126.21 Cr | + 5.82 % | + 8.4 % |
| Expenses | Rs. 1613.4 Cr | Rs. 1704.58 Cr | Rs. 1825.09 Cr | + 7.07 % | + 13.12 % |
| Operating Profit | Rs. 347.96 Cr | Rs. 304.65 Cr | Rs. 301.12 Cr | -1.16 % | -13.46 % |
| OPM % | 17.74 % | 15.16 % | 14.16 % | -1 % | -3.58 % |
| Other Income | Rs. 12.57 Cr | Rs. 13.56 Cr | Rs. 19.14 Cr | + 41.15 % | + 52.27 % |
| Interest | Rs. 4.46 Cr | Rs. 2.93 Cr | Rs. 4.41 Cr | + 50.51 % | -1.12 % |
| Depreciation | Rs. 40.92 Cr | Rs. 41.69 Cr | Rs. 46.46 Cr | + 11.44 % | + 13.54 % |
| Profit before tax | Rs. 315.15 Cr | Rs. 273.59 Cr | Rs. 269.39 Cr | -1.54 % | -14.52 % |
| Tax % | 25.79 % | 26.15 % | 27.3 % | + 1.15 % | + 1.51 % |
| Net Profit | Rs. 233.86 Cr | Rs. 202.05 Cr | Rs. 253.85 Cr | + 25.64 % | + 8.55 % |
| EPS in Rs | Rs. 17.15 | Rs. 14.81 | Rs. 18.61 | + 25.66 % | + 8.51 % |
Today, we’re looking at Deepak Nitrite 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 8.4 %. However, it did see a marginal increase of 5.82 % from the previous quarter. Expenses ticked up slightly by 7.07 % quarter-on-quarter, aligning with the annual rise of 13.12 %. Operating profit, while down -13.46 % compared to last year, faced a quarter-on-quarter dip of -1.16 %, 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 -3.58 %, but a shrinkage of -1 % sequentially. Other income rose by 41.15 % compared to the last quarter, despite an annual growth of 52.27 %. Interest expenses surged remarkably by 50.51 % from the previous quarter, yet the year-over-year decrease remains at a moderate -1.12 %. Depreciation costs climbed by 11.44 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 13.54 %. Profit before tax declined annually by -14.52 % but saw a reduction from the preceding quarter by -1.54 %.
Tax expenses as a percentage of profits increased slightly by 1.51 % compared to last year, with a more notable quarter-on-quarter increase of 1.15 %. Net profit rose by 8.55 % year-on-year but experienced a 25.64 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 8.51 % but a quarterly rise of 25.66 %. In summary, Deepak Nitrite 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. 1961.36 Cr | Rs. 2009.23 Cr | Rs. 2126.21 Cr | + 5.82 % | + 8.4 % |
| Expenses | Rs. 1613.4 Cr | Rs. 1704.58 Cr | Rs. 1825.09 Cr | + 7.07 % | + 13.12 % |
| Operating Profit | Rs. 347.96 Cr | Rs. 304.65 Cr | Rs. 301.12 Cr | -1.16 % | -13.46 % |
| Net Profit | Rs. 233.86 Cr | Rs. 202.05 Cr | Rs. 253.85 Cr | + 25.64 % | + 8.55 % |
| EPS in Rs | Rs. 17.15 | Rs. 14.81 | Rs. 18.61 | + 25.66 % | + 8.51 % |
In reviewing Deepak Nitrite Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 8.4 % year-on-year growth, however, there was a minor increase of 5.82 % from the previous quarter. Expenses rose by 13.12 % compared to the previous year, with a 7.07 % increase quarter-on-quarter. Operating Profit dropped by -13.46 % annually, and saw a -1.16 % decrease from the last quarter.
Net Profit showed yearly increase of 8.55 %, and experienced a 25.64 % increase from the previous quarter. Earnings Per Share (EPS) rose by 8.51 % annually, however rose by 25.66 % compared to the last quarter. In essence, while Deepak Nitrite 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.
