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Highlights
- Sales over the Year and quarter: The company’s sales declined by -56.57 % over the year, decrease in net sales/revenue by -55.61 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -6675.61 %, Marginal decrease of -9086.67% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Ginni Filaments Limited. Notable increase of 866 % in net profit Year to Year, Ginni Filaments Limited’s profitability increased by 263.79 % in this quarter.
- EPS over the Year and quarter: EPS increased by 872.13 % Year to Year. EPS increased by 263.8 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 225.206 Cr | Rs. 220.373 Cr | Rs. 97.818 Cr | -55.61 % | -56.57 % |
| Expenses | Rs. 224.9 Cr | Rs. 226.51 Cr | Rs. 92.44 Cr | -59.19 % | -58.9 % |
| Operating Profit | Rs. 0.31 Cr | Rs. -6.14 Cr | Rs. 5.38 Cr | + 187.62 % | + 1635.48 % |
| OPM % | 0.14 % | -2.79 % | 5.5 % | + 8.29 % | + 5.36 % |
| Other Income | Rs. 0.41 Cr | Rs. 0.3 Cr | Rs. -26.96 Cr | -9086.67 % | -6675.61 % |
| Interest | Rs. 4.44 Cr | Rs. 7.72 Cr | Rs. 2.98 Cr | -61.4 % | -32.88 % |
| Depreciation | Rs. 7.04 Cr | Rs. 7.62 Cr | Rs. 3.55 Cr | -53.41 % | -49.57 % |
| Profit before tax | Rs. -10.76 Cr | Rs. -21.18 Cr | Rs. -28.11 Cr | -32.72 % | -161.25 % |
| Tax % | -51.09 % | -34.03 % | -11.25 % | + 22.78 % | + 39.84 % |
| Net Profit | Rs. -5.26 Cr | Rs. -13.97 Cr | Rs. -50.82 Cr | -263.78 % | -866.16 % |
| EPS in Rs | Rs. -0.61 | Rs. -1.63 | Rs. -2.77 | -69.94 % | -354.1 % |
Today, we’re looking at Ginni Filaments Limited’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -56.57 %. However, it did see a marginal slip of -55.61 % from the previous quarter. Expenses decreased slightly by -59.19 % quarter-on-quarter, aligning with the annual decline of -58.9 %. Operating profit, while up 1635.48 % compared to last year, faced a quarter-on-quarter increase of 187.62 %, 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 5.36 %, but an expansion of 8.29 % sequentially. Other income fell by -9086.67 % compared to the last quarter, despite an annual decline of -6675.61 %. Interest expenses dropped significantly by -61.4 % from the previous quarter, yet the year-over-year decrease remains at a moderate -32.88 %. Depreciation costs fell by -53.41 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -49.57 %. Profit before tax declined annually by -161.25 % but saw a reduction from the preceding quarter by -32.72 %.
Tax expenses as a percentage of profits increased slightly by 39.84 % compared to last year, with a more notable quarter-on-quarter increase of 22.78 %. Net profit fell by -866.16 % year-on-year but witnessed a -263.78 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -354.1 % but a quarterly fall of -69.94 %. In summary, Ginni Filaments 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. 225.206 Cr | Rs. 220.373 Cr | Rs. 97.818 Cr | -55.61 % | -56.57 % |
| Expenses | Rs. 224.9 Cr | Rs. 226.51 Cr | Rs. 92.44 Cr | -59.19 % | -58.9 % |
| Operating Profit | Rs. 0.31 Cr | Rs. -6.14 Cr | Rs. 5.38 Cr | + 187.62 % | + 1635.48 % |
| Net Profit | Rs. -5.26 Cr | Rs. -13.97 Cr | Rs. -50.82 Cr | -263.78 % | -866.16 % |
| EPS in Rs | Rs. -0.61 | Rs. -1.63 | Rs. -2.77 | -69.94 % | -354.1 % |
In reviewing Ginni Filaments Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -56.57 % year-on-year, although there was a slight dip of -55.61 % from the previous quarter. Expenses decreased by -58.9 % compared to the previous year, with a decrease of -59.19 % quarter-on-quarter. Operating Profit surged by 1635.48 % annually, and saw a 187.62 % increase from the last quarter.
Net Profit showed yearly decrease of -866.16 %, and experienced a -263.78 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -354.1 % annually, however dipped by -69.94 % compared to the last quarter. In essence, while Ginni Filaments 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.
