Greaves Cotton announced Financial Results Q1 2024

The comprehensive analytics outlining the performance and outlook of Greaves Cotton Ltd.‘s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

Today, we’re looking at Greaves Cotton 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 12.51 %. However, it did see a marginal slip of -4.88 % from the previous quarter. Expenses decreased slightly by -5.61 % quarter-on-quarter, aligning with the annual rise of 5.04 %. Operating profit, while up 289.38 % compared to last year, faced a quarter-on-quarter increase of 14.95 %, 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 6.8 %, but an expansion of 0.74 % sequentially. Other income rose by 54.6 % compared to the last quarter, despite an annual decline of -24.42 %. Interest expenses dropped significantly by -3.29 % from the previous quarter, yet the year-over-year increase remains at a moderate 71.93 %. Depreciation costs fell by -7.56 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 55.71 %. Profit before tax grew annually by 246.59 % but saw an increase from the preceding quarter by 337.25 %.
Tax expenses as a percentage of profits increased slightly by 253.73 % compared to last year, with a more notable quarter-on-quarter decrease of -381.47 %. Net profit rose by 99.36 % year-on-year but experienced a 98.8 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -100 % but a quarterly fall of -300 %. In summary, Greaves Cotton Ltd.’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.

In reviewing Greaves Cotton Ltd.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 12.51 % year-on-year growth, although there was a slight dip of -4.88 % from the previous quarter. Expenses rose by 5.04 % compared to the previous year, with a decrease of -5.61 % quarter-on-quarter. Operating Profit surged by 289.38 % annually, and saw a 14.95 % increase from the last quarter.
Net Profit showed yearly increase of 99.36 %, and experienced a 98.8 % increase from the previous quarter. Earnings Per Share (EPS) fell by -100 % annually, however dipped by -300 % compared to the last quarter. In essence, while Greaves Cotton 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.