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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 38.04 % in the past year, substantial increase in net sales/revenue by 2.28 %.
- 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 190.08 %. Marginal increase in other income during this quarter, up by 150.49%.
- Profit over the Year and quarter: Significant improvement in profitability for Garware Hi-Tech Films Limited. Notable increase of 263.61 % in net profit Year to Year, Garware Hi-Tech Films Limited’s profitability increased by 79.21 % in this quarter.
- EPS over the Year and quarter: EPS increased by 263.77 % Year to Year. EPS increased by 79.19 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 325.36 Cr | Rs. 439.1 Cr | Rs. 449.12 Cr | + 2.28 % | + 38.04 % |
| Expenses | Rs. 283.38 Cr | Rs. 362.49 Cr | Rs. 333.07 Cr | -8.12 % | + 17.53 % |
| Operating Profit | Rs. 41.98 Cr | Rs. 76.61 Cr | Rs. 116.05 Cr | + 51.48 % | + 176.44 % |
| OPM % | 12.9 % | 17.45 % | 25.84 % | + 8.39 % | + 12.94 % |
| Other Income | Rs. 9.68 Cr | Rs. 11.21 Cr | Rs. 28.08 Cr | + 150.49 % | + 190.08 % |
| Interest | Rs. 3.89 Cr | Rs. 1.47 Cr | Rs. 1.45 Cr | -1.36 % | -62.72 % |
| Depreciation | Rs. 9.63 Cr | Rs. 9.49 Cr | Rs. 10.21 Cr | + 7.59 % | + 6.02 % |
| Profit before tax | Rs. 38.14 Cr | Rs. 76.86 Cr | Rs. 132.47 Cr | + 72.35 % | + 247.33 % |
| Tax % | 24.99 % | 24.47 % | 21.47 % | -3 % | -3.52 % |
| Net Profit | Rs. 28.61 Cr | Rs. 58.05 Cr | Rs. 104.03 Cr | + 79.21 % | + 263.61 % |
| EPS in Rs | Rs. 12.31 | Rs. 24.99 | Rs. 44.78 | + 79.19 % | + 263.77 % |
Today, we’re looking at Garware Hi-Tech Films 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 38.04 %. However, it did see a marginal increase of 2.28 % from the previous quarter. Expenses decreased slightly by -8.12 % quarter-on-quarter, aligning with the annual rise of 17.53 %. Operating profit, while up 176.44 % compared to last year, faced a quarter-on-quarter increase of 51.48 %, 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 12.94 %, but an expansion of 8.39 % sequentially. Other income rose by 150.49 % compared to the last quarter, despite an annual growth of 190.08 %. Interest expenses dropped significantly by -1.36 % from the previous quarter, yet the year-over-year decrease remains at a moderate -62.72 %. Depreciation costs climbed by 7.59 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 6.02 %. Profit before tax grew annually by 247.33 % but saw an increase from the preceding quarter by 72.35 %.
Tax expenses as a percentage of profits decreased slightly by -3.52 % compared to last year, with a more notable quarter-on-quarter decrease of -3 %. Net profit rose by 263.61 % year-on-year but experienced a 79.21 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 263.77 % but a quarterly rise of 79.19 %. In summary, Garware Hi-Tech Films 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. 325.36 Cr | Rs. 439.1 Cr | Rs. 449.12 Cr | + 2.28 % | + 38.04 % |
| Expenses | Rs. 283.38 Cr | Rs. 362.49 Cr | Rs. 333.07 Cr | -8.12 % | + 17.53 % |
| Operating Profit | Rs. 41.98 Cr | Rs. 76.61 Cr | Rs. 116.05 Cr | + 51.48 % | + 176.44 % |
| Net Profit | Rs. 28.61 Cr | Rs. 58.05 Cr | Rs. 104.03 Cr | + 79.21 % | + 263.61 % |
| EPS in Rs | Rs. 12.31 | Rs. 24.99 | Rs. 44.78 | + 79.19 % | + 263.77 % |
In reviewing Garware Hi-Tech Films Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 38.04 % year-on-year growth, however, there was a minor increase of 2.28 % from the previous quarter. Expenses rose by 17.53 % compared to the previous year, with a decrease of -8.12 % quarter-on-quarter. Operating Profit surged by 176.44 % annually, and saw a 51.48 % increase from the last quarter.
Net Profit showed yearly increase of 263.61 %, and experienced a 79.21 % increase from the previous quarter. Earnings Per Share (EPS) rose by 263.77 % annually, however rose by 79.19 % compared to the last quarter. In essence, while Garware Hi-Tech Films 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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