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Highlights
- The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company experienced a substantial growth of 111.5 % in the past year, substantial increase in net sales/revenue by 41.61 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -19.69 %, Marginal increase in other income during this quarter, up by 623.08%.
- Profit over the Year and quarter: Significant improvement in profitability for Eco Recycling Limited. Notable increase of 73.04 % in net profit Year to Year, Eco Recycling Limited’s profitability increased by 393.94 % in this quarter.
- EPS over the Year and quarter: EPS increased by 73.36 % Year to Year. EPS increased by 391.86 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 5.39 Cr | Rs. 8.05 Cr | Rs. 11.4 Cr | + 41.61 % | + 111.5 % |
| Expenses | Rs. 2.13 Cr | Rs. 3.85 Cr | Rs. 3.21 Cr | -16.62 % | + 50.7 % |
| Operating Profit | Rs. 3.26 Cr | Rs. 4.2 Cr | Rs. 8.19 Cr | + 95 % | + 151.23 % |
| OPM % | 60.48 % | 52.17 % | 71.84 % | + 19.67 % | + 11.36 % |
| Other Income | Rs. 2.54 Cr | Rs. -0.39 Cr | Rs. 2.04 Cr | + 623.08 % | -19.69 % |
| Interest | Rs. 0.12 Cr | Rs. 0.35 Cr | Rs. 0.17 Cr | -51.43 % | + 41.67 % |
| Depreciation | Rs. 0.46 Cr | Rs. 0.26 Cr | Rs. 0.24 Cr | -7.69 % | -47.83 % |
| Profit before tax | Rs. 5.22 Cr | Rs. 3.2 Cr | Rs. 9.82 Cr | + 206.88 % | + 88.12 % |
| Tax % | 9.77 % | 48.44 % | 17.01 % | -31.43 % | + 7.24 % |
| Net Profit | Rs. 4.71 Cr | Rs. 1.65 Cr | Rs. 8.15 Cr | + 393.94 % | + 73.04 % |
| EPS in Rs | Rs. 2.44 | Rs. 0.86 | Rs. 4.23 | + 391.86 % | + 73.36 % |
Today, we’re looking at Eco Recycling 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 111.5 %. However, it did see a marginal increase of 41.61 % from the previous quarter. Expenses decreased slightly by -16.62 % quarter-on-quarter, aligning with the annual rise of 50.7 %. Operating profit, while up 151.23 % compared to last year, faced a quarter-on-quarter increase of 95 %, 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 11.36 %, but an expansion of 19.67 % sequentially. Other income rose by 623.08 % compared to the last quarter, despite an annual decline of -19.69 %. Interest expenses dropped significantly by -51.43 % from the previous quarter, yet the year-over-year increase remains at a moderate 41.67 %. Depreciation costs fell by -7.69 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -47.83 %. Profit before tax grew annually by 88.12 % but saw an increase from the preceding quarter by 206.88 %.
Tax expenses as a percentage of profits increased slightly by 7.24 % compared to last year, with a more notable quarter-on-quarter decrease of -31.43 %. Net profit rose by 73.04 % year-on-year but experienced a 393.94 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 73.36 % but a quarterly rise of 391.86 %. In summary, Eco Recycling 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. 5.39 Cr | Rs. 8.05 Cr | Rs. 11.4 Cr | + 41.61 % | + 111.5 % |
| Expenses | Rs. 2.13 Cr | Rs. 3.85 Cr | Rs. 3.21 Cr | -16.62 % | + 50.7 % |
| Operating Profit | Rs. 3.26 Cr | Rs. 4.2 Cr | Rs. 8.19 Cr | + 95 % | + 151.23 % |
| Net Profit | Rs. 4.71 Cr | Rs. 1.65 Cr | Rs. 8.15 Cr | + 393.94 % | + 73.04 % |
| EPS in Rs | Rs. 2.44 | Rs. 0.86 | Rs. 4.23 | + 391.86 % | + 73.36 % |
In reviewing Eco Recycling Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 111.5 % year-on-year growth, however, there was a minor increase of 41.61 % from the previous quarter. Expenses rose by 50.7 % compared to the previous year, with a decrease of -16.62 % quarter-on-quarter. Operating Profit surged by 151.23 % annually, and saw a 95 % increase from the last quarter.
Net Profit showed yearly increase of 73.04 %, and experienced a 393.94 % increase from the previous quarter. Earnings Per Share (EPS) rose by 73.36 % annually, however rose by 391.86 % compared to the last quarter. In essence, while Eco Recycling 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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