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Highlights
- The presented financial data is Standalone to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company experienced a substantial growth of 12.81 % in the past year, decrease in net sales/revenue by -10.05 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -38.23 %, Marginal decrease of -12.35% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Enkei wheels (India) Limited. Profit dropped by -83.67 % Year to Year, Enkei wheels (India) Limited’s profitability dropped by -85.2 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -83.67 % Year to Year. EPS decreased by -85.22 % 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. 176.693 Cr | Rs. 221.614 Cr | Rs. 199.332 Cr | -10.05 % | + 12.81 % |
| Expenses | Rs. 162.93 Cr | Rs. 198.69 Cr | Rs. 191.56 Cr | -3.59 % | + 17.57 % |
| Operating Profit | Rs. 13.76 Cr | Rs. 22.92 Cr | Rs. 7.77 Cr | -66.1 % | -43.53 % |
| OPM % | 7.79 % | 10.34 % | 3.9 % | -6.44 % | -3.89 % |
| Other Income | Rs. 9.262 Cr | Rs. 6.527 Cr | Rs. 5.721 Cr | -12.35 % | -38.23 % |
| Interest | Rs. 2.76 Cr | Rs. 2.93 Cr | Rs. 3.12 Cr | + 6.48 % | + 13.04 % |
| Depreciation | Rs. 7.93 Cr | Rs. 12.38 Cr | Rs. 12.57 Cr | + 1.53 % | + 58.51 % |
| Profit before tax | Rs. 12.33 Cr | Rs. 14.14 Cr | Rs. -2.2 Cr | -115.56 % | -117.84 % |
| Tax % | 34.8 % | 37.3 % | -159.79 % | -197.09 % | -194.59 % |
| Net Profit | Rs. 8.04 Cr | Rs. 8.87 Cr | Rs. 1.31 Cr | -85.23 % | -83.71 % |
| EPS in Rs | Rs. 4.47 | Rs. 4.94 | Rs. 0.73 | -85.22 % | -83.67 % |
Today, we’re looking at Enkei wheels (India) 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 12.81 %. However, it did see a marginal slip of -10.05 % from the previous quarter. Expenses decreased slightly by -3.59 % quarter-on-quarter, aligning with the annual rise of 17.57 %. Operating profit, while down -43.53 % compared to last year, faced a quarter-on-quarter dip of -66.1 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -3.89 %, but a shrinkage of -6.44 % sequentially. Other income fell by -12.35 % compared to the last quarter, despite an annual decline of -38.23 %. Interest expenses surged remarkably by 6.48 % from the previous quarter, yet the year-over-year increase remains at a moderate 13.04 %. Depreciation costs climbed by 1.53 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 58.51 %. Profit before tax declined annually by -117.84 % but saw a reduction from the preceding quarter by -115.56 %.
Tax expenses as a percentage of profits decreased slightly by -194.59 % compared to last year, with a more notable quarter-on-quarter decrease of -197.09 %. Net profit fell by -83.71 % year-on-year but witnessed a -85.23 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -83.67 % but a quarterly fall of -85.22 %. In summary, Enkei wheels (India) 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. 176.693 Cr | Rs. 221.614 Cr | Rs. 199.332 Cr | -10.05 % | + 12.81 % |
| Expenses | Rs. 162.93 Cr | Rs. 198.69 Cr | Rs. 191.56 Cr | -3.59 % | + 17.57 % |
| Operating Profit | Rs. 13.76 Cr | Rs. 22.92 Cr | Rs. 7.77 Cr | -66.1 % | -43.53 % |
| Net Profit | Rs. 8.04 Cr | Rs. 8.87 Cr | Rs. 1.31 Cr | -85.23 % | -83.71 % |
| EPS in Rs | Rs. 4.47 | Rs. 4.94 | Rs. 0.73 | -85.22 % | -83.67 % |
In reviewing Enkei wheels (India) Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 12.81 % year-on-year growth, although there was a slight dip of -10.05 % from the previous quarter. Expenses rose by 17.57 % compared to the previous year, with a decrease of -3.59 % quarter-on-quarter. Operating Profit dropped by -43.53 % annually, and saw a -66.1 % decrease from the last quarter.
Net Profit showed yearly decrease of -83.71 %, and experienced a -85.23 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -83.67 % annually, however dipped by -85.22 % compared to the last quarter. In essence, while Enkei wheels (India) Limited faces strong annual decline indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.
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