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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 268.03 % in the past year, decrease in net sales/revenue by -8.75 %.
- 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 293.16 %. Marginal increase in other income during this quarter, up by 8.26%.
- Profit over the Year and quarter: Challenges in sustaining profitability for G G Engineering Limited. Profit dropped by -743.07 % Year to Year, G G Engineering Limited’s profitability dropped by -139.85 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -200.00 % Year to Year. EPS decreased by -114.29 % in previous quarter. Analysis needed for shareholder value.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 18.947 Cr | Rs. 76.421 Cr | Rs. 69.731 Cr | -8.75 % | + 268.03 % |
| Expenses | Rs. 18.03 Cr | Rs. 68.18 Cr | Rs. 72.06 Cr | + 5.69 % | + 299.67 % |
| Operating Profit | Rs. 0.92 Cr | Rs. 8.24 Cr | Rs. -2.33 Cr | -128.28 % | -353.26 % |
| OPM % | 4.86 % | 10.78 % | -3.34 % | -14.12 % | -8.2 % |
| Other Income | Rs. -0.38 Cr | Rs. 0.678 Cr | Rs. 0.734 Cr | + 8.26 % | + 293.16 % |
| Interest | Rs. 0.02 Cr | Rs. 0.53 Cr | Rs. 0.04 Cr | -92.45 % | + 100 % |
| Depreciation | Rs. 0.07 Cr | Rs. 0.3 Cr | Rs. 0.14 Cr | -53.33 % | + 100 % |
| Profit before tax | Rs. 0.45 Cr | Rs. 8.09 Cr | Rs. -1.78 Cr | -122 % | -495.56 % |
| Tax % | 23.82 % | 32.37 % | -23.22 % | -55.59 % | -47.04 % |
| Net Profit | Rs. 0.34 Cr | Rs. 5.47 Cr | Rs. -2.18 Cr | -139.85 % | -741.18 % |
| EPS in Rs | Rs. 0.01 | Rs. 0.08 | Rs. -0.01 | -112.5 % | -200 % |
Today, we’re looking at G G Engineering 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 268.03 %. However, it did see a marginal slip of -8.75 % from the previous quarter. Expenses ticked up slightly by 5.69 % quarter-on-quarter, aligning with the annual rise of 299.67 %. Operating profit, while down -353.26 % compared to last year, faced a quarter-on-quarter dip of -128.28 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -8.2 %, but a shrinkage of -14.12 % sequentially. Other income rose by 8.26 % compared to the last quarter, despite an annual growth of 293.16 %. Interest expenses dropped significantly by -92.45 % from the previous quarter, yet the year-over-year increase remains at a moderate 100 %. Depreciation costs fell by -53.33 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 100 %. Profit before tax declined annually by -495.56 % but saw a reduction from the preceding quarter by -122 %.
Tax expenses as a percentage of profits decreased slightly by -47.04 % compared to last year, with a more notable quarter-on-quarter decrease of -55.59 %. Net profit fell by -741.18 % year-on-year but witnessed a -139.85 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -200 % but a quarterly fall of -112.5 %. In summary, G G Engineering 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. 18.947 Cr | Rs. 76.421 Cr | Rs. 69.731 Cr | -8.75 % | + 268.03 % |
| Expenses | Rs. 18.03 Cr | Rs. 68.18 Cr | Rs. 72.06 Cr | + 5.69 % | + 299.67 % |
| Operating Profit | Rs. 0.92 Cr | Rs. 8.24 Cr | Rs. -2.33 Cr | -128.28 % | -353.26 % |
| Net Profit | Rs. 0.34 Cr | Rs. 5.47 Cr | Rs. -2.18 Cr | -139.85 % | -741.18 % |
| EPS in Rs | Rs. 0.01 | Rs. 0.08 | Rs. -0.01 | -112.5 % | -200 % |
In reviewing G G Engineering Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 268.03 % year-on-year growth, although there was a slight dip of -8.75 % from the previous quarter. Expenses rose by 299.67 % compared to the previous year, with a 5.69 % increase quarter-on-quarter. Operating Profit dropped by -353.26 % annually, and saw a -128.28 % decrease from the last quarter.
Net Profit showed yearly decrease of -741.18 %, and experienced a -139.85 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -200 % annually, however dipped by -112.5 % compared to the last quarter. In essence, while G G Engineering Limited faces strong annual decline indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.
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