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Eureka Forbes : Q4 2024 Financial Quarterly Report : YoY Sales Up 8.84 %, QoQ Up 2.62 %

May 29, 2024May 29, 2024| adminadmin| 0 Comments| 1:20 pm
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Highlights

  • Sales over the Year and quarter: The company experienced a substantial growth of 8.84 % in the past year, substantial increase in net sales/revenue by 2.62 %.
  • Income over the Year and quarter: There has been decline in other income over the past year which is -52.27 %, Marginal decrease of -38.24% in other income during this quarter.
  • Profit over the Year and quarter: Significant improvement in profitability for Eureka Forbes Limited. Notable increase of 3.87 % in net profit Year to Year, Eureka Forbes Limited’s profitability dropped by -6.93 % Quarter to Quarter.
  • EPS over the Year and quarter: EPS increased by 4.72 % Year to Year. EPS decreased by -6.72 % in previous quarter. Analysis needed for shareholder value.

The comprehensive analytics outlining the performance and outlook of Eureka Forbes Limited”s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

Metrics Previous Year Previous Quarter Current Quarter Quarter to Quarter Difference Year to Year Difference
Sales Rs. 508.579 Cr Rs. 539.433 Cr Rs. 553.561 Cr + 2.62 % + 8.84 %
Expenses Rs. 455.73 Cr Rs. 496.71 Cr Rs. 500.27 Cr + 0.72 % + 9.77 %
Operating Profit Rs. 52.85 Cr Rs. 42.72 Cr Rs. 53.29 Cr + 24.74 % + 0.83 %
OPM % 10.39 % 7.92 % 9.63 % + 1.71 % -0.76 %
Other Income Rs. 3.96 Cr Rs. 3.06 Cr Rs. 1.89 Cr -38.24 % -52.27 %
Interest Rs. 3.56 Cr Rs. 1.82 Cr Rs. 1.59 Cr -12.64 % -55.34 %
Depreciation Rs. 13.17 Cr Rs. 13.37 Cr Rs. 14.01 Cr + 4.79 % + 6.38 %
Profit before tax Rs. 40.08 Cr Rs. 30.59 Cr Rs. 39.58 Cr + 29.39 % -1.25 %
Tax % 33.47 % 24.93 % 12.51 % -12.42 % -20.96 %
Net Profit Rs. 20.59 Cr Rs. 22.97 Cr Rs. 21.38 Cr -6.92 % + 3.84 %
EPS in Rs Rs. 1.06 Rs. 1.18 Rs. 1.1 -6.78 % + 3.77 %


Today, we’re looking at Eureka Forbes Limited’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 8.84 %. However, it did see a marginal increase of 2.62 % from the previous quarter. Expenses ticked up slightly by 0.72 % quarter-on-quarter, aligning with the annual rise of 9.77 %. Operating profit, while up 0.83 % compared to last year, faced a quarter-on-quarter increase of 24.74 %, 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 -0.76 %, but an expansion of 1.71 % sequentially. Other income fell by -38.24 % compared to the last quarter, despite an annual decline of -52.27 %. Interest expenses dropped significantly by -12.64 % from the previous quarter, yet the year-over-year decrease remains at a moderate -55.34 %. Depreciation costs climbed by 4.79 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 6.38 %. Profit before tax declined annually by -1.25 % but saw an increase from the preceding quarter by 29.39 %.
Tax expenses as a percentage of profits decreased slightly by -20.96 % compared to last year, with a more notable quarter-on-quarter decrease of -12.42 %. Net profit rose by 3.84 % year-on-year but witnessed a -6.92 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 3.77 % but a quarterly fall of -6.78 %. In summary, Eureka Forbes 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. 508.579 Cr Rs. 539.433 Cr Rs. 553.561 Cr + 2.62 % + 8.84 %
Expenses Rs. 455.73 Cr Rs. 496.71 Cr Rs. 500.27 Cr + 0.72 % + 9.77 %
Operating Profit Rs. 52.85 Cr Rs. 42.72 Cr Rs. 53.29 Cr + 24.74 % + 0.83 %
Net Profit Rs. 20.59 Cr Rs. 22.97 Cr Rs. 21.38 Cr -6.92 % + 3.84 %
EPS in Rs Rs. 1.06 Rs. 1.18 Rs. 1.1 -6.78 % + 3.77 %


In reviewing Eureka Forbes Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 8.84 % year-on-year growth, however, there was a minor increase of 2.62 % from the previous quarter. Expenses rose by 9.77 % compared to the previous year, with a 0.72 % increase quarter-on-quarter. Operating Profit surged by 0.83 % annually, and saw a 24.74 % increase from the last quarter.
Net Profit showed yearly increase of 3.84 %, and experienced a -6.92 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 3.77 % annually, however dipped by -6.78 % compared to the last quarter. In essence, while Eureka Forbes Limited 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.

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