Share the post "Dhanalaxmi Roto Spinners ‘s Q1 Results: Profit Drops by 58.4% 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 -41.57 % over the year, decrease in net sales/revenue by -47.13 %.
- 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 61.99 %. Marginal decrease of -53.1% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Dhanalaxmi Roto Spinners Ltd.. Profit dropped by -58.45 % Year to Year, Dhanalaxmi Roto Spinners Ltd.’s profitability dropped by -70.79 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -58.41 % Year to Year. EPS decreased by -70.76 % 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. 50.791 Cr | Rs. 56.131 Cr | Rs. 29.676 Cr | -47.13 % | -41.57 % |
Expenses | Rs. 47.85 Cr | Rs. 54.5 Cr | Rs. 29.54 Cr | -45.8 % | -38.27 % |
Operating Profit | Rs. 2.94 Cr | Rs. 1.63 Cr | Rs. 0.14 Cr | -91.41 % | -95.24 % |
OPM % | 5.79 % | 2.9 % | 0.47 % | -2.43 % | -5.32 % |
Other Income | Rs. 0.884 Cr | Rs. 3.053 Cr | Rs. 1.432 Cr | -53.1 % | + 61.99 % |
Interest | Rs. 0.24 Cr | Rs. 0.25 Cr | Rs. 0.17 Cr | -32 % | -29.17 % |
Depreciation | Rs. 0.07 Cr | Rs. 0.06 Cr | Rs. 0.08 Cr | + 33.33 % | + 14.29 % |
Profit before tax | Rs. 3.51 Cr | Rs. 4.37 Cr | Rs. 1.32 Cr | -69.79 % | -62.39 % |
Tax % | 28.77 % | 18.67 % | 21.45 % | + 2.78 % | -7.32 % |
Net Profit | Rs. 2.5 Cr | Rs. 3.56 Cr | Rs. 1.04 Cr | -70.79 % | -58.4 % |
EPS in Rs | Rs. 6.42 | Rs. 9.13 | Rs. 2.67 | -70.76 % | -58.41 % |
Today, we’re looking at Dhanalaxmi Roto Spinners Ltd.’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -41.57 %. However, it did see a marginal slip of -47.13 % from the previous quarter. Expenses decreased slightly by -45.8 % quarter-on-quarter, aligning with the annual decline of -38.27 %. Operating profit, while down -95.24 % compared to last year, faced a quarter-on-quarter dip of -91.41 %, 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 -5.32 %, but a shrinkage of -2.43 % sequentially. Other income fell by -53.1 % compared to the last quarter, despite an annual growth of 61.99 %. Interest expenses dropped significantly by -32 % from the previous quarter, yet the year-over-year decrease remains at a moderate -29.17 %. Depreciation costs climbed by 33.33 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 14.29 %. Profit before tax declined annually by -62.39 % but saw a reduction from the preceding quarter by -69.79 %.
Tax expenses as a percentage of profits decreased slightly by -7.32 % compared to last year, with a more notable quarter-on-quarter increase of 2.78 %. Net profit fell by -58.4 % year-on-year but witnessed a -70.79 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -58.41 % but a quarterly fall of -70.76 %. In summary, Dhanalaxmi Roto Spinners 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. 50.791 Cr | Rs. 56.131 Cr | Rs. 29.676 Cr | -47.13 % | -41.57 % |
Expenses | Rs. 47.85 Cr | Rs. 54.5 Cr | Rs. 29.54 Cr | -45.8 % | -38.27 % |
Operating Profit | Rs. 2.94 Cr | Rs. 1.63 Cr | Rs. 0.14 Cr | -91.41 % | -95.24 % |
Net Profit | Rs. 2.5 Cr | Rs. 3.56 Cr | Rs. 1.04 Cr | -70.79 % | -58.4 % |
EPS in Rs | Rs. 6.42 | Rs. 9.13 | Rs. 2.67 | -70.76 % | -58.41 % |
In reviewing Dhanalaxmi Roto Spinners Ltd.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -41.57 % year-on-year, although there was a slight dip of -47.13 % from the previous quarter. Expenses decreased by -38.27 % compared to the previous year, with a decrease of -45.8 % quarter-on-quarter. Operating Profit dropped by -95.24 % annually, and saw a -91.41 % decrease from the last quarter.
Net Profit showed yearly decrease of -58.4 %, and experienced a -70.79 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -58.41 % annually, however dipped by -70.76 % compared to the last quarter. In essence, while Dhanalaxmi Roto Spinners Ltd. 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.