Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 12.75 % in the past year, substantial increase in net sales/revenue by 18.02 %.
- 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 69.43 %. Marginal increase in other income during this quarter, up by 103.82%.
- Profit over the Year and quarter: Significant improvement in profitability for Grasim Industries Ltd.,. Notable increase of 15.54 % in net profit Year to Year, Grasim Industries Ltd.,’s profitability increased by 4.55 % in this quarter.
- EPS over the Year and quarter: EPS declined by -0.77 % Year to Year. EPS decreased by -10.36 % 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. 33462.14 Cr | Rs. 31965.48 Cr | Rs. 37727.13 Cr | + 18.02 % | + 12.75 % |
| Expenses | Rs. 30354.7 Cr | Rs. 27072.37 Cr | Rs. 31957.94 Cr | + 18.05 % | + 5.28 % |
| Operating Profit | Rs. 3107.44 Cr | Rs. 4893.11 Cr | Rs. 5769.19 Cr | + 17.9 % | + 85.66 % |
| OPM % | 9.29 % | 15.31 % | 15.29 % | -0.02 % | + 6 % |
| Other Income | Rs. 307.59 Cr | Rs. 255.7 Cr | Rs. 521.16 Cr | + 103.82 % | + 69.43 % |
| Interest | Rs. 0 Cr | Rs. 432.64 Cr | Rs. 463.3 Cr | + 7.09 % | 0 % |
| Depreciation | Rs. 0 Cr | Rs. 1244.43 Cr | Rs. 1329.22 Cr | + 6.81 % | 0 % |
| Profit before tax | Rs. 3415.03 Cr | Rs. 3471.74 Cr | Rs. 4497.83 Cr | + 29.56 % | + 31.71 % |
| Tax % | 31.83 % | 25.01 % | 31.47 % | + 6.46 % | -0.36 % |
| Net Profit | Rs. 2355.67 Cr | Rs. 2603.43 Cr | Rs. 2721.81 Cr | + 4.55 % | + 15.54 % |
| EPS in Rs | Rs. 20.83 | Rs. 23.05 | Rs. 20.65 | -10.41 % | -0.86 % |
Today, we’re looking at Grasim Industries 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 12.75 %. However, it did see a marginal increase of 18.02 % from the previous quarter. Expenses ticked up slightly by 18.05 % quarter-on-quarter, aligning with the annual rise of 5.28 %. Operating profit, while up 85.66 % compared to last year, faced a quarter-on-quarter increase of 17.9 %, 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 %, but a shrinkage of -0.02 % sequentially. Other income rose by 103.82 % compared to the last quarter, despite an annual growth of 69.43 %. Interest expenses surged remarkably by 7.09 % from the previous quarter, Depreciation costs climbed by 6.81 % quarter-on-quarter, Profit before tax grew annually by 31.71 % but saw an increase from the preceding quarter by 29.56 %.
Tax expenses as a percentage of profits decreased slightly by -0.36 % compared to last year, with a more notable quarter-on-quarter increase of 6.46 %. Net profit rose by 15.54 % year-on-year but experienced a 4.55 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -0.86 % but a quarterly fall of -10.41 %. In summary, Grasim Industries 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. 33462.14 Cr | Rs. 31965.48 Cr | Rs. 37727.13 Cr | + 18.02 % | + 12.75 % |
| Expenses | Rs. 30354.7 Cr | Rs. 27072.37 Cr | Rs. 31957.94 Cr | + 18.05 % | + 5.28 % |
| Operating Profit | Rs. 3107.44 Cr | Rs. 4893.11 Cr | Rs. 5769.19 Cr | + 17.9 % | + 85.66 % |
| Net Profit | Rs. 2355.67 Cr | Rs. 2603.43 Cr | Rs. 2721.81 Cr | + 4.55 % | + 15.54 % |
| EPS in Rs | Rs. 20.83 | Rs. 23.05 | Rs. 20.65 | -10.41 % | -0.86 % |
In reviewing Grasim Industries Ltd.,’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 12.75 % year-on-year growth, however, there was a minor increase of 18.02 % from the previous quarter. Expenses rose by 5.28 % compared to the previous year, with a 18.05 % increase quarter-on-quarter. Operating Profit surged by 85.66 % annually, and saw a 17.9 % increase from the last quarter.
Net Profit showed yearly increase of 15.54 %, and experienced a 4.55 % increase from the previous quarter. Earnings Per Share (EPS) fell by -0.86 % annually, however dipped by -10.41 % compared to the last quarter. In essence, while Grasim Industries 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.
