NIFTY 50 23344.75 ▲ (0.61%)
NIFTY NEXT 50 65106.15 ▲ (0.08%)
NIFTY 100 24048.8 ▲ (0.51%)
NIFTY MIDCAP 100 55106.2 ▲ (0.91%)
NIFTY SMALLCAP 100 17864.65 ▲ (1.09%)
NIFTY SMALLCAP 250 16841.4 ▲ (0.84%)
NIFTY MIDCAP SELECT 12356.5 ▲ (0.87%)
NIFTY TOTAL MARKET 12304.6 ▲ (0.6%)
NIFTY BANK 49350.8 ▲ (1.67%)
SENSEX 77073.44 ▲ (0.59%)
BSE BANKEX 56036.23 ▲ (2.03%)

DRC Systems India : Q1 2024 Financial Quarterly Report : YoY Sales Up 116.1 %, QoQ Down 10.32 %

July 12, 2024July 12, 2024| adminadmin| 0 Comments| 1:05 pm
Image is loading
Categories:

Share the post "DRC Systems India : Q1 2024 Financial Quarterly Report : YoY Sales Up 116.1 %, QoQ Down 10.32 %"

  • Facebook
  • LinkedIn
  • X
  • Tumblr
  • WhatsApp
  • TelegramTelegram
  • Email

Highlights

  • Sales over the Year and quarter: The company experienced a substantial growth of 116.1 % in the past year, decrease in net sales/revenue by -10.32 %.
  • 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 200 %. Marginal decrease of -50% in other income during this quarter.
  • Profit over the Year and quarter: Significant improvement in profitability for DRC Systems India Limited. Notable increase of 245.51 % in net profit Year to Year, DRC Systems India Limited’s profitability dropped by -2.7 % Quarter to Quarter.
  • EPS over the Year and quarter: EPS increased by 16.00 % Year to Year. EPS decreased by -3.33 % in previous quarter. Analysis needed for shareholder value.

The comprehensive analytics outlining the performance and outlook of DRC Systems India Limited”s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

Metrics Previous Year Previous Quarter Current Quarter Quarter to Quarter Difference Year to Year Difference
Sales Rs. 7.106 Cr Rs. 17.124 Cr Rs. 15.356 Cr -10.32 % + 116.1 %
Expenses Rs. 5.27 Cr Rs. 12.32 Cr Rs. 10.12 Cr -17.86 % + 92.03 %
Operating Profit Rs. 1.84 Cr Rs. 4.8 Cr Rs. 5.24 Cr + 9.17 % + 184.78 %
OPM % 25.89 % 28.03 % 34.12 % + 6.09 % + 8.23 %
Other Income Rs. 0.01 Cr Rs. 0.06 Cr Rs. 0.03 Cr -50 % + 200 %
Interest Rs. 0.01 Cr Rs. 0.02 Cr Rs. 0.01 Cr -50 % + 0 %
Depreciation Rs. 0.43 Cr Rs. 0.78 Cr Rs. 0.93 Cr + 19.23 % + 116.28 %
Profit before tax Rs. 1.41 Cr Rs. 4.06 Cr Rs. 4.33 Cr + 6.65 % + 207.09 %
Tax % 21.44 % 2.72 % 10.95 % + 8.23 % -10.49 %
Net Profit Rs. 1.11 Cr Rs. 3.96 Cr Rs. 3.85 Cr -2.78 % + 246.85 %
EPS in Rs Rs. 0.25 Rs. 0.3 Rs. 0.29 -3.33 % + 16 %


Today, we’re looking at DRC Systems 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 116.1 %. However, it did see a marginal slip of -10.32 % from the previous quarter. Expenses decreased slightly by -17.86 % quarter-on-quarter, aligning with the annual rise of 92.03 %. Operating profit, while up 184.78 % compared to last year, faced a quarter-on-quarter increase of 9.17 %, 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 8.23 %, but an expansion of 6.09 % sequentially. Other income fell by -50 % compared to the last quarter, despite an annual growth of 200 %. Interest expenses dropped significantly by -50 % from the previous quarter, yet the year-over-year increase remains at a moderate 0 %. Depreciation costs climbed by 19.23 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 116.28 %. Profit before tax grew annually by 207.09 % but saw an increase from the preceding quarter by 6.65 %.
Tax expenses as a percentage of profits decreased slightly by -10.49 % compared to last year, with a more notable quarter-on-quarter increase of 8.23 %. Net profit rose by 246.85 % year-on-year but witnessed a -2.78 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 16 % but a quarterly fall of -3.33 %. In summary, DRC Systems 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. 7.106 Cr Rs. 17.124 Cr Rs. 15.356 Cr -10.32 % + 116.1 %
Expenses Rs. 5.27 Cr Rs. 12.32 Cr Rs. 10.12 Cr -17.86 % + 92.03 %
Operating Profit Rs. 1.84 Cr Rs. 4.8 Cr Rs. 5.24 Cr + 9.17 % + 184.78 %
Net Profit Rs. 1.11 Cr Rs. 3.96 Cr Rs. 3.85 Cr -2.78 % + 246.85 %
EPS in Rs Rs. 0.25 Rs. 0.3 Rs. 0.29 -3.33 % + 16 %


In reviewing DRC Systems India Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 116.1 % year-on-year growth, although there was a slight dip of -10.32 % from the previous quarter. Expenses rose by 92.03 % compared to the previous year, with a decrease of -17.86 % quarter-on-quarter. Operating Profit surged by 184.78 % annually, and saw a 9.17 % increase from the last quarter.
Net Profit showed yearly increase of 246.85 %, and experienced a -2.78 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 16 % annually, however dipped by -3.33 % compared to the last quarter. In essence, while DRC Systems 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.

[my_shortcode1 values=”Spencer”]

Related Post