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Highlights
- Sales over the Year and quarter: The company’s sales declined by -19 % over the year, decrease in net sales/revenue by -28.48 %.
- 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 586.39 %. Marginal increase in other income during this quarter, up by 252.71%.
- Profit over the Year and quarter: Significant improvement in profitability for E.I.D. Parry (India) Ltd.,. Notable increase of 2.58 % in net profit Year to Year, E.I.D. Parry (India) Ltd.,’s profitability increased by 35.92 % in this quarter.
- EPS over the Year and quarter: EPS increased by 23.12 % Year to Year. EPS increased by 86.34 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 6860.31 Cr | Rs. 7770.14 Cr | Rs. 5557.04 Cr | -28.48 % | -19 % |
| Expenses | Rs. 6216.8 Cr | Rs. 7349.16 Cr | Rs. 5087.66 Cr | -30.77 % | -18.16 % |
| Operating Profit | Rs. 643.51 Cr | Rs. 420.98 Cr | Rs. 469.38 Cr | + 11.5 % | -27.06 % |
| OPM % | 9.38 % | 5.42 % | 8.45 % | + 3.03 % | -0.93 % |
| Other Income | Rs. -23.14 Cr | Rs. 31.91 Cr | Rs. 112.55 Cr | + 252.71 % | + 586.39 % |
| Interest | Rs. 87.14 Cr | Rs. 52.92 Cr | Rs. 86.28 Cr | + 63.04 % | -0.99 % |
| Depreciation | Rs. 105.07 Cr | Rs. 112.29 Cr | Rs. 113.37 Cr | + 0.96 % | + 7.9 % |
| Profit before tax | Rs. 428.16 Cr | Rs. 287.68 Cr | Rs. 382.28 Cr | + 32.88 % | -10.72 % |
| Tax % | 30.96 % | 23.96 % | 22.4 % | -1.56 % | -8.56 % |
| Net Profit | Rs. 286.9 Cr | Rs. 216.52 Cr | Rs. 294.3 Cr | + 35.92 % | + 2.58 % |
| EPS in Rs | Rs. 10.08 | Rs. 6.64 | Rs. 12.41 | + 86.9 % | + 23.12 % |
Today, we’re looking at E.I.D. Parry (India) Ltd.,’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -19 %. However, it did see a marginal slip of -28.48 % from the previous quarter. Expenses decreased slightly by -30.77 % quarter-on-quarter, aligning with the annual decline of -18.16 %. Operating profit, while down -27.06 % compared to last year, faced a quarter-on-quarter increase of 11.5 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -0.93 %, but an expansion of 3.03 % sequentially. Other income rose by 252.71 % compared to the last quarter, despite an annual growth of 586.39 %. Interest expenses surged remarkably by 63.04 % from the previous quarter, yet the year-over-year decrease remains at a moderate -0.99 %. Depreciation costs climbed by 0.96 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 7.9 %. Profit before tax declined annually by -10.72 % but saw an increase from the preceding quarter by 32.88 %.
Tax expenses as a percentage of profits decreased slightly by -8.56 % compared to last year, with a more notable quarter-on-quarter decrease of -1.56 %. Net profit rose by 2.58 % year-on-year but experienced a 35.92 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 23.12 % but a quarterly rise of 86.9 %. In summary, E.I.D. Parry (India) 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. 6860.31 Cr | Rs. 7770.14 Cr | Rs. 5557.04 Cr | -28.48 % | -19 % |
| Expenses | Rs. 6216.8 Cr | Rs. 7349.16 Cr | Rs. 5087.66 Cr | -30.77 % | -18.16 % |
| Operating Profit | Rs. 643.51 Cr | Rs. 420.98 Cr | Rs. 469.38 Cr | + 11.5 % | -27.06 % |
| Net Profit | Rs. 286.9 Cr | Rs. 216.52 Cr | Rs. 294.3 Cr | + 35.92 % | + 2.58 % |
| EPS in Rs | Rs. 10.08 | Rs. 6.64 | Rs. 12.41 | + 86.9 % | + 23.12 % |
In reviewing E.I.D. Parry (India) Ltd.,’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -19 % year-on-year, although there was a slight dip of -28.48 % from the previous quarter. Expenses decreased by -18.16 % compared to the previous year, with a decrease of -30.77 % quarter-on-quarter. Operating Profit dropped by -27.06 % annually, and saw a 11.5 % increase from the last quarter.
Net Profit showed yearly increase of 2.58 %, and experienced a 35.92 % increase from the previous quarter. Earnings Per Share (EPS) rose by 23.12 % annually, however rose by 86.9 % compared to the last quarter. In essence, while E.I.D. Parry (India) Ltd., 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.
