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Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 27.96 % in the past year, decrease in net sales/revenue by -1.55 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -32.81 %, Marginal increase in other income during this quarter, up by 21.29%.
- Profit over the Year and quarter: Significant improvement in profitability for GARWARE HI-TECH FILMS LIMITED. Notable increase of 34.22 % in net profit Year to Year, GARWARE HI-TECH FILMS LIMITED’s profitability increased by 3.45 % in this quarter.
- EPS over the Year and quarter: EPS increased by 34.20 % Year to Year. EPS increased by 3.45 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 349.01 Cr | Rs. 453.62 Cr | Rs. 446.58 Cr | -1.55 % | + 27.96 % |
| Expenses | Rs. 295.78 Cr | Rs. 378.52 Cr | Rs. 368.39 Cr | -2.68 % | + 24.55 % |
| Operating Profit | Rs. 53.23 Cr | Rs. 75.1 Cr | Rs. 78.19 Cr | + 4.11 % | + 46.89 % |
| OPM % | 15.25 % | 16.56 % | 17.51 % | + 0.95 % | + 2.26 % |
| Other Income | Rs. 17.13 Cr | Rs. 9.49 Cr | Rs. 11.51 Cr | + 21.29 % | -32.81 % |
| Interest | Rs. 4.65 Cr | Rs. 1.88 Cr | Rs. 1.92 Cr | + 2.13 % | -58.71 % |
| Depreciation | Rs. 9.56 Cr | Rs. 9.75 Cr | Rs. 9.71 Cr | -0.41 % | + 1.57 % |
| Profit before tax | Rs. 56.15 Cr | Rs. 72.96 Cr | Rs. 78.07 Cr | + 7 % | + 39.04 % |
| Tax % | 23.29 % | 23.41 % | 25.95 % | + 2.54 % | + 2.66 % |
| Net Profit | Rs. 43.07 Cr | Rs. 55.88 Cr | Rs. 57.81 Cr | + 3.45 % | + 34.22 % |
| EPS in Rs | Rs. 18.54 | Rs. 24.05 | Rs. 24.88 | + 3.45 % | + 34.2 % |
Today, we’re looking at GARWARE HI-TECH FILMS 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 27.96 %. However, it did see a marginal slip of -1.55 % from the previous quarter. Expenses decreased slightly by -2.68 % quarter-on-quarter, aligning with the annual rise of 24.55 %. Operating profit, while up 46.89 % compared to last year, faced a quarter-on-quarter increase of 4.11 %, 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 2.26 %, but an expansion of 0.95 % sequentially. Other income rose by 21.29 % compared to the last quarter, despite an annual decline of -32.81 %. Interest expenses surged remarkably by 2.13 % from the previous quarter, yet the year-over-year decrease remains at a moderate -58.71 %. Depreciation costs fell by -0.41 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 1.57 %. Profit before tax grew annually by 39.04 % but saw an increase from the preceding quarter by 7 %.
Tax expenses as a percentage of profits increased slightly by 2.66 % compared to last year, with a more notable quarter-on-quarter increase of 2.54 %. Net profit rose by 34.22 % year-on-year but experienced a 3.45 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 34.2 % but a quarterly rise of 3.45 %. 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. 349.01 Cr | Rs. 453.62 Cr | Rs. 446.58 Cr | -1.55 % | + 27.96 % |
| Expenses | Rs. 295.78 Cr | Rs. 378.52 Cr | Rs. 368.39 Cr | -2.68 % | + 24.55 % |
| Operating Profit | Rs. 53.23 Cr | Rs. 75.1 Cr | Rs. 78.19 Cr | + 4.11 % | + 46.89 % |
| Net Profit | Rs. 43.07 Cr | Rs. 55.88 Cr | Rs. 57.81 Cr | + 3.45 % | + 34.22 % |
| EPS in Rs | Rs. 18.54 | Rs. 24.05 | Rs. 24.88 | + 3.45 % | + 34.2 % |
In reviewing GARWARE HI-TECH FILMS LIMITED’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 27.96 % year-on-year growth, although there was a slight dip of -1.55 % from the previous quarter. Expenses rose by 24.55 % compared to the previous year, with a decrease of -2.68 % quarter-on-quarter. Operating Profit surged by 46.89 % annually, and saw a 4.11 % increase from the last quarter.
Net Profit showed yearly increase of 34.22 %, and experienced a 3.45 % increase from the previous quarter. Earnings Per Share (EPS) rose by 34.2 % annually, however rose by 3.45 % 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.
