Highlights
- Sales over the Year and quarter: The company’s sales declined by -6.09 % over the year, substantial increase in net sales/revenue by 3.35 %.
- 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 340.3 %. Marginal decrease of -30.15% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Ester Industries Ltd.,. Notable increase of 33.64 % in net profit Year to Year, Ester Industries Ltd.,’s profitability dropped by -47.07 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 32.86 % Year to Year. EPS decreased by -47.3 % 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. 294.664 Cr | Rs. 267.758 Cr | Rs. 276.731 Cr | + 3.35 % | -6.09 % |
Expenses | Rs. 284.68 Cr | Rs. 287.26 Cr | Rs. 270.75 Cr | -5.75 % | -4.89 % |
Operating Profit | Rs. 9.98 Cr | Rs. -19.5 Cr | Rs. 5.98 Cr | + 130.67 % | -40.08 % |
OPM % | 3.39 % | -7.28 % | 2.16 % | + 9.44 % | -1.23 % |
Other Income | Rs. -1.34 Cr | Rs. 4.61 Cr | Rs. 3.22 Cr | -30.15 % | + 340.3 % |
Interest | Rs. 13.79 Cr | Rs. 17.92 Cr | Rs. 17.98 Cr | + 0.33 % | + 30.38 % |
Depreciation | Rs. 14.49 Cr | Rs. 17.18 Cr | Rs. 17.75 Cr | + 3.32 % | + 22.5 % |
Profit before tax | Rs. -19.64 Cr | Rs. -49.99 Cr | Rs. -26.53 Cr | + 46.93 % | -35.08 % |
Tax % | -9.55 % | -10.33 % | -10.56 % | -0.23 % | -1.01 % |
Net Profit | Rs. -17.75 Cr | Rs. -44.82 Cr | Rs. -23.72 Cr | + 47.08 % | -33.63 % |
EPS in Rs | Rs. -2.13 | Rs. -5.37 | Rs. -2.83 | + 47.3 % | -32.86 % |
Today, we’re looking at Ester Industries Ltd.,’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -6.09 %. However, it did see a marginal increase of 3.35 % from the previous quarter. Expenses decreased slightly by -5.75 % quarter-on-quarter, aligning with the annual decline of -4.89 %. Operating profit, while down -40.08 % compared to last year, faced a quarter-on-quarter increase of 130.67 %, 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 -1.23 %, but an expansion of 9.44 % sequentially. Other income fell by -30.15 % compared to the last quarter, despite an annual growth of 340.3 %. Interest expenses surged remarkably by 0.33 % from the previous quarter, yet the year-over-year increase remains at a moderate 30.38 %. Depreciation costs climbed by 3.32 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 22.5 %. Profit before tax declined annually by -35.08 % but saw an increase from the preceding quarter by 46.93 %.
Tax expenses as a percentage of profits decreased slightly by -1.01 % compared to last year, with a more notable quarter-on-quarter decrease of -0.23 %. Net profit fell by -33.63 % year-on-year but experienced a 47.08 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -32.86 % but a quarterly rise of 47.3 %. In summary, Ester Industries 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. 294.664 Cr | Rs. 267.758 Cr | Rs. 276.731 Cr | + 3.35 % | -6.09 % |
Expenses | Rs. 284.68 Cr | Rs. 287.26 Cr | Rs. 270.75 Cr | -5.75 % | -4.89 % |
Operating Profit | Rs. 9.98 Cr | Rs. -19.5 Cr | Rs. 5.98 Cr | + 130.67 % | -40.08 % |
Net Profit | Rs. -17.75 Cr | Rs. -44.82 Cr | Rs. -23.72 Cr | + 47.08 % | -33.63 % |
EPS in Rs | Rs. -2.13 | Rs. -5.37 | Rs. -2.83 | + 47.3 % | -32.86 % |
In reviewing Ester Industries Ltd.,’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -6.09 % year-on-year, however, there was a minor increase of 3.35 % from the previous quarter. Expenses decreased by -4.89 % compared to the previous year, with a decrease of -5.75 % quarter-on-quarter. Operating Profit dropped by -40.08 % annually, and saw a 130.67 % increase from the last quarter.
Net Profit showed yearly decrease of -33.63 %, and experienced a 47.08 % increase from the previous quarter. Earnings Per Share (EPS) fell by -32.86 % annually, however rose by 47.3 % compared to the last quarter. In essence, while Ester Industries Ltd., faces strong annual decline 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.