Share the post "Greenlam Industries : Q1 2024 Financial Quarterly Report : YoY Sales Up 17.36 %, QoQ Down 3.11 %"
Highlights
- The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company experienced a substantial growth of 17.36 % in the past year, decrease in net sales/revenue by -3.11 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -22.14 %, Marginal decrease of -64.23% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Greenlam Industries Ltd. Profit dropped by -38.3 % Year to Year, Greenlam Industries Ltd’s profitability dropped by -51.24 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -39.77 % Year to Year. EPS decreased by -51.25 % 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. 515.241 Cr | Rs. 624.092 Cr | Rs. 604.71 Cr | -3.11 % | + 17.36 % |
| Expenses | Rs. 450.89 Cr | Rs. 540.56 Cr | Rs. 540.7 Cr | + 0.03 % | + 19.92 % |
| Operating Profit | Rs. 64.35 Cr | Rs. 83.53 Cr | Rs. 64.01 Cr | -23.37 % | -0.53 % |
| OPM % | 12.49 % | 13.38 % | 10.59 % | -2.79 % | -1.9 % |
| Other Income | Rs. 4.02 Cr | Rs. 8.75 Cr | Rs. 3.13 Cr | -64.23 % | -22.14 % |
| Interest | Rs. 7.29 Cr | Rs. 13.38 Cr | Rs. 13.79 Cr | + 3.06 % | + 89.16 % |
| Depreciation | Rs. 17.4 Cr | Rs. 25.76 Cr | Rs. 26.31 Cr | + 2.14 % | + 51.21 % |
| Profit before tax | Rs. 43.68 Cr | Rs. 53.14 Cr | Rs. 27.04 Cr | -49.12 % | -38.1 % |
| Tax % | 26.18 % | 23.25 % | 26.47 % | + 3.22 % | + 0.29 % |
| Net Profit | Rs. 32.24 Cr | Rs. 40.79 Cr | Rs. 19.89 Cr | -51.24 % | -38.31 % |
| EPS in Rs | Rs. 2.59 | Rs. 3.2 | Rs. 1.56 | -51.25 % | -39.77 % |
Today, we’re looking at Greenlam Industries 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 17.36 %. However, it did see a marginal slip of -3.11 % from the previous quarter. Expenses ticked up slightly by 0.03 % quarter-on-quarter, aligning with the annual rise of 19.92 %. Operating profit, while down -0.53 % compared to last year, faced a quarter-on-quarter dip of -23.37 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -1.9 %, but a shrinkage of -2.79 % sequentially. Other income fell by -64.23 % compared to the last quarter, despite an annual decline of -22.14 %. Interest expenses surged remarkably by 3.06 % from the previous quarter, yet the year-over-year increase remains at a moderate 89.16 %. Depreciation costs climbed by 2.14 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 51.21 %. Profit before tax declined annually by -38.1 % but saw a reduction from the preceding quarter by -49.12 %.
Tax expenses as a percentage of profits increased slightly by 0.29 % compared to last year, with a more notable quarter-on-quarter increase of 3.22 %. Net profit fell by -38.31 % year-on-year but witnessed a -51.24 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -39.77 % but a quarterly fall of -51.25 %. In summary, Greenlam 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. 515.241 Cr | Rs. 624.092 Cr | Rs. 604.71 Cr | -3.11 % | + 17.36 % |
| Expenses | Rs. 450.89 Cr | Rs. 540.56 Cr | Rs. 540.7 Cr | + 0.03 % | + 19.92 % |
| Operating Profit | Rs. 64.35 Cr | Rs. 83.53 Cr | Rs. 64.01 Cr | -23.37 % | -0.53 % |
| Net Profit | Rs. 32.24 Cr | Rs. 40.79 Cr | Rs. 19.89 Cr | -51.24 % | -38.31 % |
| EPS in Rs | Rs. 2.59 | Rs. 3.2 | Rs. 1.56 | -51.25 % | -39.77 % |
In reviewing Greenlam Industries Ltd’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 17.36 % year-on-year growth, although there was a slight dip of -3.11 % from the previous quarter. Expenses rose by 19.92 % compared to the previous year, with a 0.03 % increase quarter-on-quarter. Operating Profit dropped by -0.53 % annually, and saw a -23.37 % decrease from the last quarter.
Net Profit showed yearly decrease of -38.31 %, and experienced a -51.24 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -39.77 % annually, however dipped by -51.25 % compared to the last quarter. In essence, while Greenlam Industries Ltd faces strong annual decline indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.
