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Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 13.01 % in the past year, substantial increase in net sales/revenue by 13.1 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -55.81 %, Marginal increase in other income during this quarter, up by 27.88%.
- Profit over the Year and quarter: Significant improvement in profitability for Esab India Ltd.. Notable increase of 5.71 % in net profit Year to Year, Esab India Ltd.’s profitability increased by 16.6 % in this quarter.
- EPS over the Year and quarter: EPS increased by 5.70 % Year to Year. EPS increased by 16.59 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 301.68 Cr | Rs. 301.45 Cr | Rs. 340.93 Cr | + 13.1 % | + 13.01 % |
| Expenses | Rs. 244.97 Cr | Rs. 247.75 Cr | Rs. 278.69 Cr | + 12.49 % | + 13.76 % |
| Operating Profit | Rs. 56.71 Cr | Rs. 53.7 Cr | Rs. 62.24 Cr | + 15.9 % | + 9.75 % |
| OPM % | 18.8 % | 17.81 % | 18.26 % | + 0.45 % | -0.54 % |
| Other Income | Rs. 3.01 Cr | Rs. 1.04 Cr | Rs. 1.33 Cr | + 27.88 % | -55.81 % |
| Interest | Rs. 0.11 Cr | Rs. 0.11 Cr | Rs. 0.12 Cr | + 9.09 % | + 9.09 % |
| Depreciation | Rs. 3.16 Cr | Rs. 3.52 Cr | Rs. 3.53 Cr | + 0.28 % | + 11.71 % |
| Profit before tax | Rs. 56.45 Cr | Rs. 51.11 Cr | Rs. 59.92 Cr | + 17.24 % | + 6.15 % |
| Tax % | 25.85 % | 25.75 % | 26.15 % | + 0.4 % | + 0.3 % |
| Net Profit | Rs. 41.86 Cr | Rs. 37.95 Cr | Rs. 44.25 Cr | + 16.6 % | + 5.71 % |
| EPS in Rs | Rs. 27.2 | Rs. 24.66 | Rs. 28.75 | + 16.59 % | + 5.7 % |
Today, we’re looking at Esab 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 13.01 %. However, it did see a marginal increase of 13.1 % from the previous quarter. Expenses ticked up slightly by 12.49 % quarter-on-quarter, aligning with the annual rise of 13.76 %. Operating profit, while up 9.75 % compared to last year, faced a quarter-on-quarter increase of 15.9 %, 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 -0.54 %, but an expansion of 0.45 % sequentially. Other income rose by 27.88 % compared to the last quarter, despite an annual decline of -55.81 %. Interest expenses surged remarkably by 9.09 % from the previous quarter, yet the year-over-year increase remains at a moderate 9.09 %. Depreciation costs climbed by 0.28 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 11.71 %. Profit before tax grew annually by 6.15 % but saw an increase from the preceding quarter by 17.24 %.
Tax expenses as a percentage of profits increased slightly by 0.3 % compared to last year, with a more notable quarter-on-quarter increase of 0.4 %. Net profit rose by 5.71 % year-on-year but experienced a 16.6 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 5.7 % but a quarterly rise of 16.59 %. In summary, Esab 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. 301.68 Cr | Rs. 301.45 Cr | Rs. 340.93 Cr | + 13.1 % | + 13.01 % |
| Expenses | Rs. 244.97 Cr | Rs. 247.75 Cr | Rs. 278.69 Cr | + 12.49 % | + 13.76 % |
| Operating Profit | Rs. 56.71 Cr | Rs. 53.7 Cr | Rs. 62.24 Cr | + 15.9 % | + 9.75 % |
| Net Profit | Rs. 41.86 Cr | Rs. 37.95 Cr | Rs. 44.25 Cr | + 16.6 % | + 5.71 % |
| EPS in Rs | Rs. 27.2 | Rs. 24.66 | Rs. 28.75 | + 16.59 % | + 5.7 % |
In reviewing Esab India Ltd.’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 13.01 % year-on-year growth, however, there was a minor increase of 13.1 % from the previous quarter. Expenses rose by 13.76 % compared to the previous year, with a 12.49 % increase quarter-on-quarter. Operating Profit surged by 9.75 % annually, and saw a 15.9 % increase from the last quarter.
Net Profit showed yearly increase of 5.71 %, and experienced a 16.6 % increase from the previous quarter. Earnings Per Share (EPS) rose by 5.7 % annually, however rose by 16.59 % compared to the last quarter. In essence, while Esab 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.
