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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 23.63 % in the past year, substantial increase in net sales/revenue by 13.43 %.
- 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 23.19 %. Marginal increase in other income during this quarter, up by 127.07%.
- Profit over the Year and quarter: Significant improvement in profitability for Excel Industries Limited. Notable increase of 460.98 % in net profit Year to Year, Excel Industries Limited’s profitability increased by 330.97 % in this quarter.
- EPS over the Year and quarter: EPS increased by 461.43 % Year to Year. EPS increased by 330.98 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 214.284 Cr | Rs. 233.537 Cr | Rs. 264.909 Cr | + 13.43 % | + 23.63 % |
| Expenses | Rs. 206.47 Cr | Rs. 220.65 Cr | Rs. 225.75 Cr | + 2.31 % | + 9.34 % |
| Operating Profit | Rs. 7.81 Cr | Rs. 12.89 Cr | Rs. 39.16 Cr | + 203.8 % | + 401.41 % |
| OPM % | 3.64 % | 5.52 % | 14.78 % | + 9.26 % | + 11.14 % |
| Other Income | Rs. 9.023 Cr | Rs. 4.895 Cr | Rs. 11.115 Cr | + 127.07 % | + 23.19 % |
| Interest | Rs. 0.58 Cr | Rs. 0.27 Cr | Rs. 0.61 Cr | + 125.93 % | + 5.17 % |
| Depreciation | Rs. 8.85 Cr | Rs. 7.98 Cr | Rs. 8.04 Cr | + 0.75 % | -9.15 % |
| Profit before tax | Rs. 7.4 Cr | Rs. 9.54 Cr | Rs. 41.63 Cr | + 336.37 % | + 462.57 % |
| Tax % | 24.29 % | 23.41 % | 24.37 % | + 0.96 % | + 0.08 % |
| Net Profit | Rs. 5.61 Cr | Rs. 7.31 Cr | Rs. 31.48 Cr | + 330.64 % | + 461.14 % |
| EPS in Rs | Rs. 4.46 | Rs. 5.81 | Rs. 25.04 | + 330.98 % | + 461.43 % |
Today, we’re looking at Excel Industries 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 23.63 %. However, it did see a marginal increase of 13.43 % from the previous quarter. Expenses ticked up slightly by 2.31 % quarter-on-quarter, aligning with the annual rise of 9.34 %. Operating profit, while up 401.41 % compared to last year, faced a quarter-on-quarter increase of 203.8 %, 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 11.14 %, but an expansion of 9.26 % sequentially. Other income rose by 127.07 % compared to the last quarter, despite an annual growth of 23.19 %. Interest expenses surged remarkably by 125.93 % from the previous quarter, yet the year-over-year increase remains at a moderate 5.17 %. Depreciation costs climbed by 0.75 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -9.15 %. Profit before tax grew annually by 462.57 % but saw an increase from the preceding quarter by 336.37 %.
Tax expenses as a percentage of profits increased slightly by 0.08 % compared to last year, with a more notable quarter-on-quarter increase of 0.96 %. Net profit rose by 461.14 % year-on-year but experienced a 330.64 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 461.43 % but a quarterly rise of 330.98 %. In summary, Excel Industries 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. 214.284 Cr | Rs. 233.537 Cr | Rs. 264.909 Cr | + 13.43 % | + 23.63 % |
| Expenses | Rs. 206.47 Cr | Rs. 220.65 Cr | Rs. 225.75 Cr | + 2.31 % | + 9.34 % |
| Operating Profit | Rs. 7.81 Cr | Rs. 12.89 Cr | Rs. 39.16 Cr | + 203.8 % | + 401.41 % |
| Net Profit | Rs. 5.61 Cr | Rs. 7.31 Cr | Rs. 31.48 Cr | + 330.64 % | + 461.14 % |
| EPS in Rs | Rs. 4.46 | Rs. 5.81 | Rs. 25.04 | + 330.98 % | + 461.43 % |
In reviewing Excel Industries Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 23.63 % year-on-year growth, however, there was a minor increase of 13.43 % from the previous quarter. Expenses rose by 9.34 % compared to the previous year, with a 2.31 % increase quarter-on-quarter. Operating Profit surged by 401.41 % annually, and saw a 203.8 % increase from the last quarter.
Net Profit showed yearly increase of 461.14 %, and experienced a 330.64 % increase from the previous quarter. Earnings Per Share (EPS) rose by 461.43 % annually, however rose by 330.98 % compared to the last quarter. In essence, while Excel Industries 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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