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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 16.86 % in the past year, substantial increase in net sales/revenue by 22.2 %.
- 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 51.45 %. Marginal increase in other income during this quarter, up by 33.01%.
- Profit over the Year and quarter: Challenges in sustaining profitability for DIC India Limited. Profit dropped by -341.88 % Year to Year, DIC India Limited’s profitability increased by 47.94 % in this quarter.
- EPS over the Year and quarter: EPS declined by -341.43 % Year to Year. EPS increased by 47.92 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 207.694 Cr | Rs. 198.602 Cr | Rs. 242.701 Cr | + 22.2 % | + 16.86 % |
| Expenses | Rs. 205.82 Cr | Rs. 190.48 Cr | Rs. 231.1 Cr | + 21.33 % | + 12.28 % |
| Operating Profit | Rs. 1.87 Cr | Rs. 8.12 Cr | Rs. 11.6 Cr | + 42.86 % | + 520.32 % |
| OPM % | 0.9 % | 4.09 % | 4.78 % | + 0.69 % | + 3.88 % |
| Other Income | Rs. 1.277 Cr | Rs. 1.454 Cr | Rs. 1.934 Cr | + 33.01 % | + 51.45 % |
| Interest | Rs. 1.31 Cr | Rs. 0.36 Cr | Rs. 0.32 Cr | -11.11 % | -75.57 % |
| Depreciation | Rs. 4.97 Cr | Rs. 4.73 Cr | Rs. 4.86 Cr | + 2.75 % | -2.21 % |
| Profit before tax | Rs. -3.13 Cr | Rs. 4.48 Cr | Rs. 8.35 Cr | + 86.38 % | + 366.77 % |
| Tax % | -18.09 % | 6.5 % | 25.73 % | + 19.23 % | + 43.82 % |
| Net Profit | Rs. -2.57 Cr | Rs. 4.2 Cr | Rs. 6.21 Cr | + 47.86 % | + 341.63 % |
| EPS in Rs | Rs. -2.8 | Rs. 4.57 | Rs. 0 | 0 % | 0 % |
Today, we’re looking at DIC India 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 16.86 %. However, it did see a marginal increase of 22.2 % from the previous quarter. Expenses ticked up slightly by 21.33 % quarter-on-quarter, aligning with the annual rise of 12.28 %. Operating profit, while up 520.32 % compared to last year, faced a quarter-on-quarter increase of 42.86 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 3.88 %, but an expansion of 0.69 % sequentially. Other income rose by 33.01 % compared to the last quarter, despite an annual growth of 51.45 %. Interest expenses dropped significantly by -11.11 % from the previous quarter, yet the year-over-year decrease remains at a moderate -75.57 %. Depreciation costs climbed by 2.75 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -2.21 %. Profit before tax grew annually by 366.77 % but saw an increase from the preceding quarter by 86.38 %.
Tax expenses as a percentage of profits increased slightly by 43.82 % compared to last year, with a more notable quarter-on-quarter increase of 19.23 %. Net profit rose by 341.63 % year-on-year but experienced a 47.86 % expansion from the last quarter. In summary, DIC India 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. 207.694 Cr | Rs. 198.602 Cr | Rs. 242.701 Cr | + 22.2 % | + 16.86 % |
| Expenses | Rs. 205.82 Cr | Rs. 190.48 Cr | Rs. 231.1 Cr | + 21.33 % | + 12.28 % |
| Operating Profit | Rs. 1.87 Cr | Rs. 8.12 Cr | Rs. 11.6 Cr | + 42.86 % | + 520.32 % |
| Net Profit | Rs. -2.57 Cr | Rs. 4.2 Cr | Rs. 6.21 Cr | + 47.86 % | + 341.63 % |
| EPS in Rs | Rs. -2.8 | Rs. 4.57 | Rs. 0 | 0 % | 0 % |
In reviewing DIC India Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 16.86 % year-on-year growth, however, there was a minor increase of 22.2 % from the previous quarter. Expenses rose by 12.28 % compared to the previous year, with a 21.33 % increase quarter-on-quarter. Operating Profit surged by 520.32 % annually, and saw a 42.86 % increase from the last quarter.
Net Profit showed yearly increase of 341.63 %, and experienced a 47.86 % increase from the previous quarter. In essence, while DIC India Limited exhibits strong annual growth indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.
