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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 39.82 % in the past year, substantial increase in net sales/revenue by 11.64 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -22.03 %, Marginal decrease of -65.15% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Dolfin Rubbers Limited. Notable increase of 110.44 % in net profit Year to Year, Dolfin Rubbers Limited’s profitability increased by 23.24 % in this quarter.
- EPS over the Year and quarter: EPS increased by 110.34 % Year to Year. EPS increased by 23.65 % in previous quarter. Positive impact on shareholders.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 27.633 Cr | Rs. 34.609 Cr | Rs. 38.637 Cr | + 11.64 % | + 39.82 % |
Expenses | Rs. 25.86 Cr | Rs. 32.17 Cr | Rs. 35.68 Cr | + 10.91 % | + 37.97 % |
Operating Profit | Rs. 1.77 Cr | Rs. 2.44 Cr | Rs. 2.96 Cr | + 21.31 % | + 67.23 % |
OPM % | 6.41 % | 7.05 % | 7.66 % | + 0.61 % | + 1.25 % |
Other Income | Rs. 0.118 Cr | Rs. 0.264 Cr | Rs. 0.092 Cr | -65.15 % | -22.03 % |
Interest | Rs. 0.27 Cr | Rs. 0.23 Cr | Rs. 0.27 Cr | + 17.39 % | + 0 % |
Depreciation | Rs. 0.36 Cr | Rs. 0.4 Cr | Rs. 0.36 Cr | -10 % | + 0 % |
Profit before tax | Rs. 1.26 Cr | Rs. 2.07 Cr | Rs. 2.42 Cr | + 16.91 % | + 92.06 % |
Tax % | 30.74 % | 28.32 % | 24.17 % | -4.15 % | -6.57 % |
Net Profit | Rs. 0.87 Cr | Rs. 1.49 Cr | Rs. 1.84 Cr | + 23.49 % | + 111.49 % |
EPS in Rs | Rs. 0.87 | Rs. 1.48 | Rs. 1.83 | + 23.65 % | + 110.34 % |
Today, we’re looking at Dolfin Rubbers 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 39.82 %. However, it did see a marginal increase of 11.64 % from the previous quarter. Expenses ticked up slightly by 10.91 % quarter-on-quarter, aligning with the annual rise of 37.97 %. Operating profit, while up 67.23 % compared to last year, faced a quarter-on-quarter increase of 21.31 %, 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 1.25 %, but an expansion of 0.61 % sequentially. Other income fell by -65.15 % compared to the last quarter, despite an annual decline of -22.03 %. Interest expenses surged remarkably by 17.39 % from the previous quarter, yet the year-over-year increase remains at a moderate 0 %. Depreciation costs fell by -10 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 0 %. Profit before tax grew annually by 92.06 % but saw an increase from the preceding quarter by 16.91 %.
Tax expenses as a percentage of profits decreased slightly by -6.57 % compared to last year, with a more notable quarter-on-quarter decrease of -4.15 %. Net profit rose by 111.49 % year-on-year but experienced a 23.49 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 110.34 % but a quarterly rise of 23.65 %. In summary, Dolfin Rubbers 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. 27.633 Cr | Rs. 34.609 Cr | Rs. 38.637 Cr | + 11.64 % | + 39.82 % |
Expenses | Rs. 25.86 Cr | Rs. 32.17 Cr | Rs. 35.68 Cr | + 10.91 % | + 37.97 % |
Operating Profit | Rs. 1.77 Cr | Rs. 2.44 Cr | Rs. 2.96 Cr | + 21.31 % | + 67.23 % |
Net Profit | Rs. 0.87 Cr | Rs. 1.49 Cr | Rs. 1.84 Cr | + 23.49 % | + 111.49 % |
EPS in Rs | Rs. 0.87 | Rs. 1.48 | Rs. 1.83 | + 23.65 % | + 110.34 % |
In reviewing Dolfin Rubbers Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 39.82 % year-on-year growth, however, there was a minor increase of 11.64 % from the previous quarter. Expenses rose by 37.97 % compared to the previous year, with a 10.91 % increase quarter-on-quarter. Operating Profit surged by 67.23 % annually, and saw a 21.31 % increase from the last quarter.
Net Profit showed yearly increase of 111.49 %, and experienced a 23.49 % increase from the previous quarter. Earnings Per Share (EPS) rose by 110.34 % annually, however rose by 23.65 % compared to the last quarter. In essence, while Dolfin Rubbers 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.
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