Share the post "Goodricke Group announced Financial Results Q1 2024-25"
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 19.15 % in the past year, substantial increase in net sales/revenue by 51.59 %.
- 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 27.32 %. Marginal decrease of -35.99% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Goodricke Group Ltd.,. Profit dropped by -805.65 % Year to Year, Goodricke Group Ltd.,’s profitability dropped by -116.47 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -804.88 % Year to Year. EPS decreased by -116.46 % 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. 165.71 Cr | Rs. 130.25 Cr | Rs. 197.44 Cr | + 51.59 % | + 19.15 % |
| Expenses | Rs. 163.11 Cr | Rs. 197.7 Cr | Rs. 181.2 Cr | -8.35 % | + 11.09 % |
| Operating Profit | Rs. 2.6 Cr | Rs. -67.45 Cr | Rs. 16.24 Cr | + 124.08 % | + 524.62 % |
| OPM % | 1.57 % | -51.79 % | 8.23 % | + 60.02 % | + 6.66 % |
| Other Income | Rs. 1.83 Cr | Rs. 3.64 Cr | Rs. 2.33 Cr | -35.99 % | + 27.32 % |
| Interest | Rs. 1.92 Cr | Rs. 2.56 Cr | Rs. 3.18 Cr | + 24.22 % | + 65.63 % |
| Depreciation | Rs. 5.26 Cr | Rs. 5.09 Cr | Rs. 5.18 Cr | + 1.77 % | -1.52 % |
| Profit before tax | Rs. -2.75 Cr | Rs. -71.46 Cr | Rs. 10.21 Cr | + 114.29 % | + 471.27 % |
| Tax % | -35.64 % | -6.12 % | 22.33 % | + 28.45 % | + 57.97 % |
| Net Profit | Rs. -1.77 Cr | Rs. -75.83 Cr | Rs. 12.49 Cr | + 116.47 % | + 805.65 % |
| EPS in Rs | Rs. -0.82 | Rs. -35.11 | Rs. 5.78 | + 116.46 % | + 804.88 % |
Today, we’re looking at Goodricke Group Ltd.,’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 19.15 %. However, it did see a marginal increase of 51.59 % from the previous quarter. Expenses decreased slightly by -8.35 % quarter-on-quarter, aligning with the annual rise of 11.09 %. Operating profit, while up 524.62 % compared to last year, faced a quarter-on-quarter increase of 124.08 %, 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 6.66 %, but an expansion of 60.02 % sequentially. Other income fell by -35.99 % compared to the last quarter, despite an annual growth of 27.32 %. Interest expenses surged remarkably by 24.22 % from the previous quarter, yet the year-over-year increase remains at a moderate 65.63 %. Depreciation costs climbed by 1.77 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -1.52 %. Profit before tax grew annually by 471.27 % but saw an increase from the preceding quarter by 114.29 %.
Tax expenses as a percentage of profits increased slightly by 57.97 % compared to last year, with a more notable quarter-on-quarter increase of 28.45 %. Net profit rose by 805.65 % year-on-year but experienced a 116.47 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 804.88 % but a quarterly rise of 116.46 %. In summary, Goodricke Group Ltd.,’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. 165.71 Cr | Rs. 130.25 Cr | Rs. 197.44 Cr | + 51.59 % | + 19.15 % |
| Expenses | Rs. 163.11 Cr | Rs. 197.7 Cr | Rs. 181.2 Cr | -8.35 % | + 11.09 % |
| Operating Profit | Rs. 2.6 Cr | Rs. -67.45 Cr | Rs. 16.24 Cr | + 124.08 % | + 524.62 % |
| Net Profit | Rs. -1.77 Cr | Rs. -75.83 Cr | Rs. 12.49 Cr | + 116.47 % | + 805.65 % |
| EPS in Rs | Rs. -0.82 | Rs. -35.11 | Rs. 5.78 | + 116.46 % | + 804.88 % |
In reviewing Goodricke Group Ltd.,’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 19.15 % year-on-year growth, however, there was a minor increase of 51.59 % from the previous quarter. Expenses rose by 11.09 % compared to the previous year, with a decrease of -8.35 % quarter-on-quarter. Operating Profit surged by 524.62 % annually, and saw a 124.08 % increase from the last quarter.
Net Profit showed yearly increase of 805.65 %, and experienced a 116.47 % increase from the previous quarter. Earnings Per Share (EPS) rose by 804.88 % annually, however rose by 116.46 % compared to the last quarter. In essence, while Goodricke Group Ltd., 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=”Goodricke Group “]
