Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 14.43 % in the past year, substantial increase in net sales/revenue by 14.68 %.
- 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 18.77 %. Marginal increase in other income during this quarter, up by 10.3%.
- Profit over the Year and quarter: Significant improvement in profitability for Finolex Cables Ltd.,. Notable increase of 6.34 % in net profit Year to Year, Finolex Cables Ltd.,’s profitability increased by 23.26 % in this quarter.
- EPS over the Year and quarter: EPS increased by 6.38 % Year to Year. EPS increased by 23.3 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 1224.32 Cr | Rs. 1221.68 Cr | Rs. 1401.02 Cr | + 14.68 % | + 14.43 % |
| Expenses | Rs. 1078.63 Cr | Rs. 1087.98 Cr | Rs. 1239.11 Cr | + 13.89 % | + 14.88 % |
| Operating Profit | Rs. 145.69 Cr | Rs. 133.7 Cr | Rs. 161.91 Cr | + 21.1 % | + 11.13 % |
| OPM % | 11.9 % | 10.94 % | 11.56 % | + 0.62 % | -0.34 % |
| Other Income | Rs. 41.82 Cr | Rs. 45.03 Cr | Rs. 49.67 Cr | + 10.3 % | + 18.77 % |
| Interest | Rs. 0.85 Cr | Rs. 0.42 Cr | Rs. 0.88 Cr | + 109.52 % | + 3.53 % |
| Depreciation | Rs. 15.14 Cr | Rs. 10.86 Cr | Rs. 11.65 Cr | + 7.27 % | -23.05 % |
| Profit before tax | Rs. 171.52 Cr | Rs. 167.45 Cr | Rs. 199.05 Cr | + 18.87 % | + 16.05 % |
| Tax % | 23.16 % | 23.65 % | 25.43 % | + 1.78 % | + 2.27 % |
| Net Profit | Rs. 175 Cr | Rs. 150.98 Cr | Rs. 186.1 Cr | + 23.26 % | + 6.34 % |
| EPS in Rs | Rs. 11.44 | Rs. 9.87 | Rs. 12.17 | + 23.3 % | + 6.38 % |
Today, we’re looking at Finolex Cables 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 14.43 %. However, it did see a marginal increase of 14.68 % from the previous quarter. Expenses ticked up slightly by 13.89 % quarter-on-quarter, aligning with the annual rise of 14.88 %. Operating profit, while up 11.13 % compared to last year, faced a quarter-on-quarter increase of 21.1 %, 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 -0.34 %, but an expansion of 0.62 % sequentially. Other income rose by 10.3 % compared to the last quarter, despite an annual growth of 18.77 %. Interest expenses surged remarkably by 109.52 % from the previous quarter, yet the year-over-year increase remains at a moderate 3.53 %. Depreciation costs climbed by 7.27 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -23.05 %. Profit before tax grew annually by 16.05 % but saw an increase from the preceding quarter by 18.87 %.
Tax expenses as a percentage of profits increased slightly by 2.27 % compared to last year, with a more notable quarter-on-quarter increase of 1.78 %. Net profit rose by 6.34 % year-on-year but experienced a 23.26 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 6.38 % but a quarterly rise of 23.3 %. In summary, Finolex Cables 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. 1224.32 Cr | Rs. 1221.68 Cr | Rs. 1401.02 Cr | + 14.68 % | + 14.43 % |
| Expenses | Rs. 1078.63 Cr | Rs. 1087.98 Cr | Rs. 1239.11 Cr | + 13.89 % | + 14.88 % |
| Operating Profit | Rs. 145.69 Cr | Rs. 133.7 Cr | Rs. 161.91 Cr | + 21.1 % | + 11.13 % |
| Net Profit | Rs. 175 Cr | Rs. 150.98 Cr | Rs. 186.1 Cr | + 23.26 % | + 6.34 % |
| EPS in Rs | Rs. 11.44 | Rs. 9.87 | Rs. 12.17 | + 23.3 % | + 6.38 % |
In reviewing Finolex Cables Ltd.,’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 14.43 % year-on-year growth, however, there was a minor increase of 14.68 % from the previous quarter. Expenses rose by 14.88 % compared to the previous year, with a 13.89 % increase quarter-on-quarter. Operating Profit surged by 11.13 % annually, and saw a 21.1 % increase from the last quarter.
Net Profit showed yearly increase of 6.34 %, and experienced a 23.26 % increase from the previous quarter. Earnings Per Share (EPS) rose by 6.38 % annually, however rose by 23.3 % compared to the last quarter. In essence, while Finolex Cables 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.
