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Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 31.24% in the past year Substantial increase in net sales/revenue by 74.73%.
- 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 95.44%Marginal increase in other income during this quarter, up by 14.88%.
- Profit over the Year and quarter: Significant improvement in profitability for EIMCO Elecon India Ltd.,. Notable increase of 51.22% in net profit Year to YearEIMCO Elecon India Ltd.,’s profitability increased by 96.58% in this quarter.
- EPS over the Year and quarter: EPS increased by 51.21% Year to Year.EPS increased by 96.64%. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 64.237 Cr | Rs. 48.247 Cr | Rs. 84.304 Cr | + 74.73% | + 31.24% |
| Expenses | Rs. 50.77 Cr | Rs. 40.36 Cr | Rs. 67.59 Cr | + 67.47% | + 33.13% |
| Operating Profit | Rs. 13.47 Cr | Rs. 7.89 Cr | Rs. 16.71 Cr | + 111.79% | + 24.05% |
| OPM % | 20.97 % | 16.35 % | 19.82 % | + 3.47% | -1.15% |
| Other Income | Rs. 2.41 Cr | Rs. 4.1 Cr | Rs. 4.71 Cr | + 14.88% | + 95.44% |
| Interest | Rs. 0.13 Cr | Rs. 0.32 Cr | Rs. 0.3 Cr | -6.25% | + 130.77% |
| Depreciation | Rs. 2.09 Cr | Rs. 1.86 Cr | Rs. 2.08 Cr | + 11.83% | -0.48% |
| Profit before tax | Rs. 13.66 Cr | Rs. 9.81 Cr | Rs. 19.04 Cr | + 94.09% | + 39.39% |
| Tax % | 28.31 % | 23 % | 22.09 % | -0.91% | -6.22% |
| Net Profit | Rs. 9.81 Cr | Rs. 7.55 Cr | Rs. 14.84 Cr | + 96.56% | + 51.27% |
| EPS in Rs | Rs. 17.01 | Rs. 13.08 | Rs. 25.72 | + 96.64% | + 51.21% |
Today, we’re looking at EIMCO Elecon India Ltd.,’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 31.24%. However, it did see a marginal increase of 74.73% from the previous quarter.Expenses ticked up slightly by 67.47% quarter-on-quarter, aligning with the annual rise of 33.13%. Operating profit, while up 24.05% compared to last year, faced a quarter-on-quarter increase of 111.79%, 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 -1.15%, but an expansion of 3.47% sequentially. Other income rose by 14.88% compared to the last quarter,despite an annual growth of 95.44%. Interest expenses dropped significantly by -6.25% from the previous quarter, yet the year-over-year increase remains at a moderate 130.77%. Depreciation costs climbed by 11.83% quarter-on-quarter, yet on an annual scale, they experienced a reduction of -0.48%. Profit before tax grew annually by 39.39% but saw an increase from the preceding quarter by 94.09%.
Tax expenses as a percentage of profits decreased slightly by -6.22% compared to last year, with a more notable quarter-on-quarter decrease of -0.91%. Net profit rose by 51.27% year-on-year but experienced a 96.56% expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 51.21% but a quarterly rise of 96.64%. In summary, EIMCO Elecon 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. 64.237 Cr | Rs. 48.247 Cr | Rs. 84.304 Cr | + 74.73% | + 31.24% |
| Expenses | Rs. 50.77 Cr | Rs. 40.36 Cr | Rs. 67.59 Cr | + 67.47% | + 33.13% |
| Operating Profit | Rs. 13.47 Cr | Rs. 7.89 Cr | Rs. 16.71 Cr | + 111.79% | + 24.05% |
| Net Profit | Rs. 9.81 Cr | Rs. 7.55 Cr | Rs. 14.84 Cr | + 96.56% | + 51.27% |
| EPS in Rs | Rs. 17.01 | Rs. 13.08 | Rs. 25.72 | + 96.64% | + 51.21% |
In reviewing EIMCO Elecon India Ltd.,’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 13.62% year-on-year growth, however, there was a minor increase of 74.73% from the previous quarter. Expenses rose by 33.13% compared to the previous year, with a 67.47% increase quarter-on-quarter. Operating Profit surged by 24.05% annually, and saw a 111.79% increase from the last quarter.
Net Profit showed yearly increase of 51.27%, and experienced a 96.56% increase from the previous quarter. Earnings Per Share (EPS) rose by 51.21% annually, however rose by 96.64% compared to the last quarter. In essence, while EIMCO Elecon 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.
