NIFTY 50 23156.2 ▼ (0.81%)
NIFTY NEXT 50 63887.8 ▼ (1.87%)
NIFTY 100 23808.3 ▼ (1%)
NIFTY MIDCAP 100 54180.75 ▼ (1.68%)
NIFTY SMALLCAP 100 17545.3 ▼ (1.79%)
NIFTY SMALLCAP 250 16556.05 ▼ (1.69%)
NIFTY MIDCAP SELECT 12102 ▼ (2.06%)
NIFTY TOTAL MARKET 12161.4 ▼ (1.16%)
NIFTY BANK 48691.4 ▼ (1.34%)
SENSEX 76361.01 ▼ (0.92%)
BSE BANKEX 55252.34 ▼ (1.4%)

GARWARE TECHNICAL FIBRES : Q4 2024 Financial Quarterly Report : YoY Sales Up 3.18 %, QoQ Up 32.1 %

May 28, 2024May 28, 2024| adminadmin| 0 Comments| 11:40 am
Image is loading
Categories:

Share the post "GARWARE TECHNICAL FIBRES : Q4 2024 Financial Quarterly Report : YoY Sales Up 3.18 %, QoQ Up 32.1 %"

  • Facebook
  • LinkedIn
  • X
  • Tumblr
  • WhatsApp
  • TelegramTelegram
  • Email

Highlights

  • Sales over the Year and quarter: The company experienced a substantial growth of 3.18 % in the past year, substantial increase in net sales/revenue by 32.1 %.
  • 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 60.76 %. Marginal increase in other income during this quarter, up by 12.38%.
  • Profit over the Year and quarter: Significant improvement in profitability for GARWARE TECHNICAL FIBRES LIMITED. Notable increase of 16.58 % in net profit Year to Year, GARWARE TECHNICAL FIBRES LIMITED’s profitability increased by 60.76 % in this quarter.
  • EPS over the Year and quarter: EPS increased by 17.75 % Year to Year. EPS increased by 60.57 % in previous quarter. Positive impact on shareholders.

The comprehensive analytics outlining the performance and outlook of GARWARE TECHNICAL FIBRES LIMITED”s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

Metrics Previous Year Previous Quarter Current Quarter Quarter to Quarter Difference Year to Year Difference
Sales Rs. 370.485 Cr Rs. 289.373 Cr Rs. 382.272 Cr + 32.1 % + 3.18 %
Expenses Rs. 290.79 Cr Rs. 235.89 Cr Rs. 290.92 Cr + 23.33 % + 0.04 %
Operating Profit Rs. 79.7 Cr Rs. 53.48 Cr Rs. 91.35 Cr + 70.81 % + 14.62 %
OPM % 21.51 % 18.48 % 23.9 % + 5.42 % + 2.39 %
Other Income Rs. 7.85 Cr Rs. 11.23 Cr Rs. 12.62 Cr + 12.38 % + 60.76 %
Interest Rs. 3.24 Cr Rs. 2.95 Cr Rs. 5.66 Cr + 91.86 % + 74.69 %
Depreciation Rs. 5.85 Cr Rs. 6.74 Cr Rs. 6.75 Cr + 0.15 % + 15.38 %
Profit before tax Rs. 78.46 Cr Rs. 55.02 Cr Rs. 91.56 Cr + 66.41 % + 16.7 %
Tax % 23.95 % 21.37 % 24.05 % + 2.68 % + 0.1 %
Net Profit Rs. 59.67 Cr Rs. 43.27 Cr Rs. 69.56 Cr + 60.76 % + 16.57 %
EPS in Rs Rs. 28.95 Rs. 21.23 Rs. 34.09 + 60.57 % + 17.75 %


Today, we’re looking at GARWARE TECHNICAL FIBRES 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 3.18 %. However, it did see a marginal increase of 32.1 % from the previous quarter. Expenses ticked up slightly by 23.33 % quarter-on-quarter, aligning with the annual rise of 0.04 %. Operating profit, while up 14.62 % compared to last year, faced a quarter-on-quarter increase of 70.81 %, 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 2.39 %, but an expansion of 5.42 % sequentially. Other income rose by 12.38 % compared to the last quarter, despite an annual growth of 60.76 %. Interest expenses surged remarkably by 91.86 % from the previous quarter, yet the year-over-year increase remains at a moderate 74.69 %. Depreciation costs climbed by 0.15 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 15.38 %. Profit before tax grew annually by 16.7 % but saw an increase from the preceding quarter by 66.41 %.
Tax expenses as a percentage of profits increased slightly by 0.1 % compared to last year, with a more notable quarter-on-quarter increase of 2.68 %. Net profit rose by 16.57 % year-on-year but experienced a 60.76 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 17.75 % but a quarterly rise of 60.57 %. In summary, GARWARE TECHNICAL FIBRES 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. 370.485 Cr Rs. 289.373 Cr Rs. 382.272 Cr + 32.1 % + 3.18 %
Expenses Rs. 290.79 Cr Rs. 235.89 Cr Rs. 290.92 Cr + 23.33 % + 0.04 %
Operating Profit Rs. 79.7 Cr Rs. 53.48 Cr Rs. 91.35 Cr + 70.81 % + 14.62 %
Net Profit Rs. 59.67 Cr Rs. 43.27 Cr Rs. 69.56 Cr + 60.76 % + 16.57 %
EPS in Rs Rs. 28.95 Rs. 21.23 Rs. 34.09 + 60.57 % + 17.75 %


In reviewing GARWARE TECHNICAL FIBRES LIMITED’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 3.18 % year-on-year growth, however, there was a minor increase of 32.1 % from the previous quarter. Expenses rose by 0.04 % compared to the previous year, with a 23.33 % increase quarter-on-quarter. Operating Profit surged by 14.62 % annually, and saw a 70.81 % increase from the last quarter.
Net Profit showed yearly increase of 16.57 %, and experienced a 60.76 % increase from the previous quarter. Earnings Per Share (EPS) rose by 17.75 % annually, however rose by 60.57 % compared to the last quarter. In essence, while GARWARE TECHNICAL FIBRES 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.

[my_shortcode1 values=”GARWARE TECHNICAL FIBRES “]

Related Post