Share the post "Elgi Equipments : Q1 2024 Financial Quarterly Report : YoY Sales Up 10.66 %, QoQ Down 7.49 %"
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 10.66 % in the past year, decrease in net sales/revenue by -7.49 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -22.59 %, Marginal decrease of -7.16% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Elgi Equipments Limited. Notable increase of 20.44 % in net profit Year to Year, Elgi Equipments Limited’s profitability dropped by -4.45 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 20.42 % Year to Year. EPS decreased by -4.56 % in previous quarter. Analysis needed for shareholder value.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 723.875 Cr | Rs. 865.94 Cr | Rs. 801.06 Cr | -7.49 % | + 10.66 % |
Expenses | Rs. 635.24 Cr | Rs. 740.86 Cr | Rs. 687.12 Cr | -7.25 % | + 8.17 % |
Operating Profit | Rs. 88.64 Cr | Rs. 125.08 Cr | Rs. 113.94 Cr | -8.91 % | + 28.54 % |
OPM % | 12.25 % | 14.44 % | 14.22 % | -0.22 % | + 1.97 % |
Other Income | Rs. 17.51 Cr | Rs. 14.599 Cr | Rs. 13.554 Cr | -7.16 % | -22.59 % |
Interest | Rs. 4.67 Cr | Rs. 9.6 Cr | Rs. 8.57 Cr | -10.73 % | + 83.51 % |
Depreciation | Rs. 18.52 Cr | Rs. 19.98 Cr | Rs. 19.06 Cr | -4.6 % | + 2.92 % |
Profit before tax | Rs. 82.96 Cr | Rs. 110.1 Cr | Rs. 99.86 Cr | -9.3 % | + 20.37 % |
Tax % | 30.4 % | 30.72 % | 27.19 % | -3.53 % | -3.21 % |
Net Profit | Rs. 60.48 Cr | Rs. 76.24 Cr | Rs. 72.84 Cr | -4.46 % | + 20.44 % |
EPS in Rs | Rs. 1.91 | Rs. 2.41 | Rs. 2.3 | -4.56 % | + 20.42 % |
Today, we’re looking at Elgi Equipments 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 10.66 %. However, it did see a marginal slip of -7.49 % from the previous quarter. Expenses decreased slightly by -7.25 % quarter-on-quarter, aligning with the annual rise of 8.17 %. Operating profit, while up 28.54 % compared to last year, faced a quarter-on-quarter dip of -8.91 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 1.97 %, but a shrinkage of -0.22 % sequentially. Other income fell by -7.16 % compared to the last quarter, despite an annual decline of -22.59 %. Interest expenses dropped significantly by -10.73 % from the previous quarter, yet the year-over-year increase remains at a moderate 83.51 %. Depreciation costs fell by -4.6 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 2.92 %. Profit before tax grew annually by 20.37 % but saw a reduction from the preceding quarter by -9.3 %.
Tax expenses as a percentage of profits decreased slightly by -3.21 % compared to last year, with a more notable quarter-on-quarter decrease of -3.53 %. Net profit rose by 20.44 % year-on-year but witnessed a -4.46 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 20.42 % but a quarterly fall of -4.56 %. In summary, Elgi Equipments 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. 723.875 Cr | Rs. 865.94 Cr | Rs. 801.06 Cr | -7.49 % | + 10.66 % |
Expenses | Rs. 635.24 Cr | Rs. 740.86 Cr | Rs. 687.12 Cr | -7.25 % | + 8.17 % |
Operating Profit | Rs. 88.64 Cr | Rs. 125.08 Cr | Rs. 113.94 Cr | -8.91 % | + 28.54 % |
Net Profit | Rs. 60.48 Cr | Rs. 76.24 Cr | Rs. 72.84 Cr | -4.46 % | + 20.44 % |
EPS in Rs | Rs. 1.91 | Rs. 2.41 | Rs. 2.3 | -4.56 % | + 20.42 % |
In reviewing Elgi Equipments Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 10.66 % year-on-year growth, although there was a slight dip of -7.49 % from the previous quarter. Expenses rose by 8.17 % compared to the previous year, with a decrease of -7.25 % quarter-on-quarter. Operating Profit surged by 28.54 % annually, and saw a -8.91 % decrease from the last quarter.
Net Profit showed yearly increase of 20.44 %, and experienced a -4.46 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 20.42 % annually, however dipped by -4.56 % compared to the last quarter. In essence, while Elgi Equipments Limited exhibits strong annual growth indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.