Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 29.89 % in the past year, decrease in net sales/revenue by -54.55 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -32.34 %, Marginal increase in other income during this quarter, up by 46.77%.
- Profit over the Year and quarter: Significant improvement in profitability for Goodricke Group Ltd.,. Notable increase of 67.36 % in net profit Year to Year, Goodricke Group Ltd.,’s profitability increased by 202.84 % in this quarter.
- EPS over the Year and quarter: EPS increased by 67.35 % Year to Year. EPS increased by 202.93 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 100.28 Cr | Rs. 286.56 Cr | Rs. 130.25 Cr | -54.55 % | + 29.89 % |
| Expenses | Rs. 158.01 Cr | Rs. 305.55 Cr | Rs. 197.7 Cr | -35.3 % | + 25.12 % |
| Operating Profit | Rs. -57.73 Cr | Rs. -18.99 Cr | Rs. -67.45 Cr | -255.19 % | -16.84 % |
| OPM % | -57.57 % | -6.63 % | -51.79 % | -45.16 % | + 5.78 % |
| Other Income | Rs. 5.38 Cr | Rs. 2.48 Cr | Rs. 3.64 Cr | + 46.77 % | -32.34 % |
| Interest | Rs. 0.66 Cr | Rs. 3.11 Cr | Rs. 2.56 Cr | -17.68 % | + 287.88 % |
| Depreciation | Rs. 4.78 Cr | Rs. 5.18 Cr | Rs. 5.09 Cr | -1.74 % | + 6.49 % |
| Profit before tax | Rs. -57.79 Cr | Rs. -24.8 Cr | Rs. -71.46 Cr | -188.15 % | -23.65 % |
| Tax % | -21.6 % | -0.97 % | -6.12 % | -5.15 % | + 15.48 % |
| Net Profit | Rs. -45.31 Cr | Rs. -25.04 Cr | Rs. -75.83 Cr | -202.84 % | -67.36 % |
| EPS in Rs | Rs. -20.98 | Rs. -11.59 | Rs. -35.11 | -202.93 % | -67.35 % |
Today, we’re looking at Goodricke Group Ltd.,’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 29.89 %. However, it did see a marginal slip of -54.55 % from the previous quarter. Expenses decreased slightly by -35.3 % quarter-on-quarter, aligning with the annual rise of 25.12 %. Operating profit, while down -16.84 % compared to last year, faced a quarter-on-quarter dip of -255.19 %, 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 5.78 %, but a shrinkage of -45.16 % sequentially. Other income rose by 46.77 % compared to the last quarter, despite an annual decline of -32.34 %. Interest expenses dropped significantly by -17.68 % from the previous quarter, yet the year-over-year increase remains at a moderate 287.88 %. Depreciation costs fell by -1.74 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 6.49 %. Profit before tax declined annually by -23.65 % but saw a reduction from the preceding quarter by -188.15 %.
Tax expenses as a percentage of profits increased slightly by 15.48 % compared to last year, with a more notable quarter-on-quarter decrease of -5.15 %. Net profit fell by -67.36 % year-on-year but witnessed a -202.84 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -67.35 % but a quarterly fall of -202.93 %. 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. 100.28 Cr | Rs. 286.56 Cr | Rs. 130.25 Cr | -54.55 % | + 29.89 % |
| Expenses | Rs. 158.01 Cr | Rs. 305.55 Cr | Rs. 197.7 Cr | -35.3 % | + 25.12 % |
| Operating Profit | Rs. -57.73 Cr | Rs. -18.99 Cr | Rs. -67.45 Cr | -255.19 % | -16.84 % |
| Net Profit | Rs. -45.31 Cr | Rs. -25.04 Cr | Rs. -75.83 Cr | -202.84 % | -67.36 % |
| EPS in Rs | Rs. -20.98 | Rs. -11.59 | Rs. -35.11 | -202.93 % | -67.35 % |
In reviewing Goodricke Group Ltd.,’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 29.89 % year-on-year growth, although there was a slight dip of -54.55 % from the previous quarter. Expenses rose by 25.12 % compared to the previous year, with a decrease of -35.3 % quarter-on-quarter. Operating Profit dropped by -16.84 % annually, and saw a -255.19 % decrease from the last quarter.
Net Profit showed yearly decrease of -67.36 %, and experienced a -202.84 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -67.35 % annually, however dipped by -202.93 % compared to the last quarter. In essence, while Goodricke Group Ltd., faces strong annual decline 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.
