Share the post "G G Engineering Limited’s Quarterly Result and Earnings Report for Q4(Mar 2024) : Sales increased by 206.57 % in YoY and increased by 75.7 % in QoQ"
Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 206.57 % in the past year, substantial increase in net sales/revenue by 75.7 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -87.31 %, Marginal decrease of -76.71% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for G G Engineering Limited. Notable increase of 1.86 % in net profit Year to Year, G G Engineering Limited’s profitability increased by 907.37 % in this quarter.
- EPS over the Year and quarter: EPS declined by -50.00 % Year to Year. EPS increased by 600 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 24.928 Cr | Rs. 43.496 Cr | Rs. 76.421 Cr | + 75.7 % | + 206.57 % |
| Expenses | Rs. 24.99 Cr | Rs. 45.48 Cr | Rs. 68.18 Cr | + 49.91 % | + 172.83 % |
| Operating Profit | Rs. -0.06 Cr | Rs. -1.98 Cr | Rs. 8.24 Cr | + 516.16 % | + 13833.33 % |
| OPM % | -0.24 % | -4.55 % | 10.78 % | + 15.33 % | + 11.02 % |
| Other Income | Rs. 5.36 Cr | Rs. 2.92 Cr | Rs. 0.68 Cr | -76.71 % | -87.31 % |
| Interest | Rs. 0.01 Cr | Rs. 0.03 Cr | Rs. 0.53 Cr | + 1666.67 % | + 5200 % |
| Depreciation | Rs. 0.03 Cr | Rs. 0.19 Cr | Rs. 0.3 Cr | + 57.89 % | + 900 % |
| Profit before tax | Rs. 5.26 Cr | Rs. 0.72 Cr | Rs. 8.09 Cr | + 1023.61 % | + 53.8 % |
| Tax % | 2.13 % | 25.24 % | 32.37 % | + 7.13 % | + 30.24 % |
| Net Profit | Rs. 5.37 Cr | Rs. 0.54 Cr | Rs. 5.47 Cr | + 912.96 % | + 1.86 % |
| EPS in Rs | Rs. 0.14 | Rs. 0.01 | Rs. 0.07 | + 600 % | -50 % |
Today, we’re looking at G G Engineering Limited’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 206.57 %. However, it did see a marginal increase of 75.7 % from the previous quarter. Expenses ticked up slightly by 49.91 % quarter-on-quarter, aligning with the annual rise of 172.83 %. Operating profit, while up 13833.33 % compared to last year, faced a quarter-on-quarter increase of 516.16 %, 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 11.02 %, but an expansion of 15.33 % sequentially. Other income fell by -76.71 % compared to the last quarter, despite an annual decline of -87.31 %. Interest expenses surged remarkably by 1666.67 % from the previous quarter, yet the year-over-year increase remains at a moderate 5200 %. Depreciation costs climbed by 57.89 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 900 %. Profit before tax grew annually by 53.8 % but saw an increase from the preceding quarter by 1023.61 %.
Tax expenses as a percentage of profits increased slightly by 30.24 % compared to last year, with a more notable quarter-on-quarter increase of 7.13 %. Net profit rose by 1.86 % year-on-year but experienced a 912.96 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -50 % but a quarterly rise of 600 %. 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. 24.928 Cr | Rs. 43.496 Cr | Rs. 76.421 Cr | + 75.7 % | + 206.57 % |
| Expenses | Rs. 24.99 Cr | Rs. 45.48 Cr | Rs. 68.18 Cr | + 49.91 % | + 172.83 % |
| Operating Profit | Rs. -0.06 Cr | Rs. -1.98 Cr | Rs. 8.24 Cr | + 516.16 % | + 13833.33 % |
| Net Profit | Rs. 5.37 Cr | Rs. 0.54 Cr | Rs. 5.47 Cr | + 912.96 % | + 1.86 % |
| EPS in Rs | Rs. 0.14 | Rs. 0.01 | Rs. 0.07 | + 600 % | -50 % |
In reviewing G G Engineering Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 206.57 % year-on-year growth, however, there was a minor increase of 75.7 % from the previous quarter. Expenses rose by 172.83 % compared to the previous year, with a 49.91 % increase quarter-on-quarter. Operating Profit surged by 13833.33 % annually, and saw a 516.16 % increase from the last quarter.
Net Profit showed yearly increase of 1.86 %, and experienced a 912.96 % increase from the previous quarter. Earnings Per Share (EPS) fell by -50 % annually, however rose by 600 % compared to the last quarter. In essence, while G G Engineering 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.
