Eveready Industries India announced Financial Results Q1 2024

The comprehensive analytics outlining the performance and outlook of Eveready Industries India 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.

Today, we’re looking at Eveready Industries India Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -3.91 %. However, it did see a marginal increase of 24.38 % from the previous quarter. Expenses ticked up slightly by 17.32 % quarter-on-quarter, aligning with the annual decline of -6.3 %. Operating profit, while up 13.61 % compared to last year, faced a quarter-on-quarter increase of 94.98 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 2.19 %, but an expansion of 5.15 % sequentially. Other income rose by 157.89 % compared to the last quarter, despite an annual decline of -92.25 %. Interest expenses dropped significantly by -2.76 % from the previous quarter, yet the year-over-year decrease remains at a moderate -21.69 %. Depreciation costs fell by -16.61 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 4.58 %. Profit before tax grew annually by 16.29 % but saw an increase from the preceding quarter by 299.21 %.
Tax expenses as a percentage of profits decreased slightly by -1.27 % compared to last year, with a more notable quarter-on-quarter increase of 7.85 %. Net profit rose by 18.1 % year-on-year but experienced a 264.72 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 18.13 % but a quarterly rise of 263.96 %. In summary, Eveready Industries India Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.

In reviewing Eveready Industries India Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -3.91 % year-on-year, however, there was a minor increase of 24.38 % from the previous quarter. Expenses decreased by -6.3 % compared to the previous year, with a 17.32 % increase quarter-on-quarter. Operating Profit surged by 13.61 % annually, and saw a 94.98 % increase from the last quarter.
Net Profit showed yearly increase of 18.1 %, and experienced a 264.72 % increase from the previous quarter. Earnings Per Share (EPS) rose by 18.13 % annually, however rose by 263.96 % compared to the last quarter. In essence, while Eveready Industries India 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.