Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 8.27 % in the past year, substantial increase in net sales/revenue by 21.16 %.
- 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 26.31 %. Marginal increase in other income during this quarter, up by 15.03%.
- Profit over the Year and quarter: Challenges in sustaining profitability for Finolex Industries Ltd.. Profit dropped by -0.96 % Year to Year, Finolex Industries Ltd.’s profitability increased by 72.85 % in this quarter.
- EPS over the Year and quarter: EPS declined by -0.37 % Year to Year. EPS increased by 73.38 % in previous quarter. Positive impact on shareholders.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 1141.06 Cr | Rs. 1019.69 Cr | Rs. 1235.42 Cr | + 21.16 % | + 8.27 % |
Expenses | Rs. 923.63 Cr | Rs. 899.79 Cr | Rs. 1026.49 Cr | + 14.08 % | + 11.14 % |
Operating Profit | Rs. 217.43 Cr | Rs. 119.9 Cr | Rs. 208.93 Cr | + 74.25 % | -3.91 % |
OPM % | 19.06 % | 11.76 % | 16.91 % | + 5.15 % | -2.15 % |
Other Income | Rs. 42.65 Cr | Rs. 46.83 Cr | Rs. 53.87 Cr | + 15.03 % | + 26.31 % |
Interest | Rs. 6.46 Cr | Rs. 7.66 Cr | Rs. 7.31 Cr | -4.57 % | + 13.16 % |
Depreciation | Rs. 23.8 Cr | Rs. 27.57 Cr | Rs. 26.68 Cr | -3.23 % | + 12.1 % |
Profit before tax | Rs. 229.82 Cr | Rs. 131.5 Cr | Rs. 228.81 Cr | + 74 % | -0.44 % |
Tax % | 29.26 % | 30.14 % | 29.22 % | -0.92 % | -0.04 % |
Net Profit | Rs. 166.5 Cr | Rs. 95.4 Cr | Rs. 164.9 Cr | + 72.85 % | -0.96 % |
EPS in Rs | Rs. 2.68 | Rs. 1.54 | Rs. 2.67 | + 73.38 % | -0.37 % |
Today, we’re looking at Finolex Industries 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 8.27 %. However, it did see a marginal increase of 21.16 % from the previous quarter. Expenses ticked up slightly by 14.08 % quarter-on-quarter, aligning with the annual rise of 11.14 %. Operating profit, while down -3.91 % compared to last year, faced a quarter-on-quarter increase of 74.25 %, 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 -2.15 %, but an expansion of 5.15 % sequentially. Other income rose by 15.03 % compared to the last quarter, despite an annual growth of 26.31 %. Interest expenses dropped significantly by -4.57 % from the previous quarter, yet the year-over-year increase remains at a moderate 13.16 %. Depreciation costs fell by -3.23 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 12.1 %. Profit before tax declined annually by -0.44 % but saw an increase from the preceding quarter by 74 %.
Tax expenses as a percentage of profits decreased slightly by -0.04 % compared to last year, with a more notable quarter-on-quarter decrease of -0.92 %. Net profit fell by -0.96 % year-on-year but experienced a 72.85 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -0.37 % but a quarterly rise of 73.38 %. In summary, Finolex 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. 1141.06 Cr | Rs. 1019.69 Cr | Rs. 1235.42 Cr | + 21.16 % | + 8.27 % |
Expenses | Rs. 923.63 Cr | Rs. 899.79 Cr | Rs. 1026.49 Cr | + 14.08 % | + 11.14 % |
Operating Profit | Rs. 217.43 Cr | Rs. 119.9 Cr | Rs. 208.93 Cr | + 74.25 % | -3.91 % |
Net Profit | Rs. 166.5 Cr | Rs. 95.4 Cr | Rs. 164.9 Cr | + 72.85 % | -0.96 % |
EPS in Rs | Rs. 2.68 | Rs. 1.54 | Rs. 2.67 | + 73.38 % | -0.37 % |
In reviewing Finolex Industries Ltd.’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 8.27 % year-on-year growth, however, there was a minor increase of 21.16 % from the previous quarter. Expenses rose by 11.14 % compared to the previous year, with a 14.08 % increase quarter-on-quarter. Operating Profit dropped by -3.91 % annually, and saw a 74.25 % increase from the last quarter.
Net Profit showed yearly decrease of -0.96 %, and experienced a 72.85 % increase from the previous quarter. Earnings Per Share (EPS) fell by -0.37 % annually, however rose by 73.38 % compared to the last quarter. In essence, while Finolex 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.