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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 10.2 % in the past year, substantial increase in net sales/revenue by 3.22 %.
- 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 32.84 %. Marginal increase in other income during this quarter, up by 4.47%.
- Profit over the Year and quarter: Significant improvement in profitability for Eicher Motors Ltd.. Notable increase of 19.94 % in net profit Year to Year, Eicher Motors Ltd.’s profitability increased by 2.9 % in this quarter.
- EPS over the Year and quarter: EPS increased by 19.78 % Year to Year. EPS increased by 2.84 % in previous quarter. Positive impact on shareholders.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 3986.37 Cr | Rs. 4256.04 Cr | Rs. 4393.05 Cr | + 3.22 % | + 10.2 % |
Expenses | Rs. 2965.53 Cr | Rs. 3127.4 Cr | Rs. 3227.62 Cr | + 3.2 % | + 8.84 % |
Operating Profit | Rs. 1020.84 Cr | Rs. 1128.64 Cr | Rs. 1165.43 Cr | + 3.26 % | + 14.16 % |
OPM % | 25.61 % | 26.52 % | 26.53 % | + 0.01 % | + 0.92 % |
Other Income | Rs. 343.65 Cr | Rs. 436.96 Cr | Rs. 456.51 Cr | + 4.47 % | + 32.84 % |
Interest | Rs. 10.43 Cr | Rs. 15.34 Cr | Rs. 12.27 Cr | -20.01 % | + 17.64 % |
Depreciation | Rs. 142.27 Cr | Rs. 165.25 Cr | Rs. 168.63 Cr | + 2.05 % | + 18.53 % |
Profit before tax | Rs. 1211.79 Cr | Rs. 1385.01 Cr | Rs. 1441.04 Cr | + 4.05 % | + 18.92 % |
Tax % | 26.4 % | 25.1 % | 26.81 % | + 1.71 % | + 0.41 % |
Net Profit | Rs. 918.34 Cr | Rs. 1070.45 Cr | Rs. 1101.46 Cr | + 2.9 % | + 19.94 % |
EPS in Rs | Rs. 33.5 | Rs. 39.03 | Rs. 40.11 | + 2.77 % | + 19.73 % |
Today, we’re looking at Eicher Motors Ltd.’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 10.2 %. However, it did see a marginal increase of 3.22 % from the previous quarter. Expenses ticked up slightly by 3.2 % quarter-on-quarter, aligning with the annual rise of 8.84 %. Operating profit, while up 14.16 % compared to last year, faced a quarter-on-quarter increase of 3.26 %, 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 0.92 %, but an expansion of 0.01 % sequentially. Other income rose by 4.47 % compared to the last quarter, despite an annual growth of 32.84 %. Interest expenses dropped significantly by -20.01 % from the previous quarter, yet the year-over-year increase remains at a moderate 17.64 %. Depreciation costs climbed by 2.05 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 18.53 %. Profit before tax grew annually by 18.92 % but saw an increase from the preceding quarter by 4.05 %.
Tax expenses as a percentage of profits increased slightly by 0.41 % compared to last year, with a more notable quarter-on-quarter increase of 1.71 %. Net profit rose by 19.94 % year-on-year but experienced a 2.9 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 19.73 % but a quarterly rise of 2.77 %. In summary, Eicher Motors 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. 3986.37 Cr | Rs. 4256.04 Cr | Rs. 4393.05 Cr | + 3.22 % | + 10.2 % |
Expenses | Rs. 2965.53 Cr | Rs. 3127.4 Cr | Rs. 3227.62 Cr | + 3.2 % | + 8.84 % |
Operating Profit | Rs. 1020.84 Cr | Rs. 1128.64 Cr | Rs. 1165.43 Cr | + 3.26 % | + 14.16 % |
Net Profit | Rs. 918.34 Cr | Rs. 1070.45 Cr | Rs. 1101.46 Cr | + 2.9 % | + 19.94 % |
EPS in Rs | Rs. 33.5 | Rs. 39.03 | Rs. 40.11 | + 2.77 % | + 19.73 % |
In reviewing Eicher Motors Ltd.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 10.2 % year-on-year growth, however, there was a minor increase of 3.22 % from the previous quarter. Expenses rose by 8.84 % compared to the previous year, with a 3.2 % increase quarter-on-quarter. Operating Profit surged by 14.16 % annually, and saw a 3.26 % increase from the last quarter.
Net Profit showed yearly increase of 19.94 %, and experienced a 2.9 % increase from the previous quarter. Earnings Per Share (EPS) rose by 19.73 % annually, however rose by 2.77 % compared to the last quarter. In essence, while Eicher Motors 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.