Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 1.88 % in the past year, decrease in net sales/revenue by -8.99 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -9.31 %, Marginal decrease of -2.57% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Godrej Agrovet Limited. Notable increase of 178.99 % in net profit Year to Year, Godrej Agrovet Limited’s profitability dropped by -21.07 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 84.47 % Year to Year. EPS decreased by -37.87 % in previous quarter. Analysis needed for shareholder value.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 2094.99 Cr | Rs. 2345.21 Cr | Rs. 2134.28 Cr | -8.99 % | + 1.88 % |
| Expenses | Rs. 2020.37 Cr | Rs. 2186.12 Cr | Rs. 1986.26 Cr | -9.14 % | -1.69 % |
| Operating Profit | Rs. 74.62 Cr | Rs. 159.09 Cr | Rs. 148.02 Cr | -6.96 % | + 98.37 % |
| OPM % | 3.56 % | 6.78 % | 6.94 % | + 0.16 % | + 3.38 % |
| Other Income | Rs. 22.55 Cr | Rs. 20.99 Cr | Rs. 20.45 Cr | -2.57 % | -9.31 % |
| Interest | Rs. 26.96 Cr | Rs. 25.06 Cr | Rs. 25.41 Cr | + 1.4 % | -5.75 % |
| Depreciation | Rs. 47.58 Cr | Rs. 53.01 Cr | Rs. 55.6 Cr | + 4.89 % | + 16.86 % |
| Profit before tax | Rs. 22.63 Cr | Rs. 102.01 Cr | Rs. 87.46 Cr | -14.26 % | + 286.48 % |
| Tax % | 6.64 % | 21.31 % | 28.47 % | + 7.16 % | + 21.83 % |
| Net Profit | Rs. 23.47 Cr | Rs. 82.96 Cr | Rs. 65.48 Cr | -21.07 % | + 178.99 % |
| EPS in Rs | Rs. 1.61 | Rs. 4.78 | Rs. 2.97 | -37.87 % | + 84.47 % |
Today, we’re looking at Godrej Agrovet 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 1.88 %. However, it did see a marginal slip of -8.99 % from the previous quarter. Expenses decreased slightly by -9.14 % quarter-on-quarter, aligning with the annual decline of -1.69 %. Operating profit, while up 98.37 % compared to last year, faced a quarter-on-quarter dip of -6.96 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 3.38 %, but an expansion of 0.16 % sequentially. Other income fell by -2.57 % compared to the last quarter, despite an annual decline of -9.31 %. Interest expenses surged remarkably by 1.4 % from the previous quarter, yet the year-over-year decrease remains at a moderate -5.75 %. Depreciation costs climbed by 4.89 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 16.86 %. Profit before tax grew annually by 286.48 % but saw a reduction from the preceding quarter by -14.26 %.
Tax expenses as a percentage of profits increased slightly by 21.83 % compared to last year, with a more notable quarter-on-quarter increase of 7.16 %. Net profit rose by 178.99 % year-on-year but witnessed a -21.07 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 84.47 % but a quarterly fall of -37.87 %. In summary, Godrej Agrovet 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. 2094.99 Cr | Rs. 2345.21 Cr | Rs. 2134.28 Cr | -8.99 % | + 1.88 % |
| Expenses | Rs. 2020.37 Cr | Rs. 2186.12 Cr | Rs. 1986.26 Cr | -9.14 % | -1.69 % |
| Operating Profit | Rs. 74.62 Cr | Rs. 159.09 Cr | Rs. 148.02 Cr | -6.96 % | + 98.37 % |
| Net Profit | Rs. 23.47 Cr | Rs. 82.96 Cr | Rs. 65.48 Cr | -21.07 % | + 178.99 % |
| EPS in Rs | Rs. 1.61 | Rs. 4.78 | Rs. 2.97 | -37.87 % | + 84.47 % |
In reviewing Godrej Agrovet Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 1.88 % year-on-year growth, although there was a slight dip of -8.99 % from the previous quarter. Expenses decreased by -1.69 % compared to the previous year, with a decrease of -9.14 % quarter-on-quarter. Operating Profit surged by 98.37 % annually, and saw a -6.96 % decrease from the last quarter.
Net Profit showed yearly increase of 178.99 %, and experienced a -21.07 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 84.47 % annually, however dipped by -37.87 % compared to the last quarter. In essence, while Godrej Agrovet Limited exhibits strong annual growth indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.
