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Greenlam Industries : Q4 2024 Financial Quarterly Report : YoY Sales Up 16.91 %, QoQ Up 10.78 %

May 29, 2024May 29, 2024| adminadmin| 0 Comments| 1:15 pm
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Highlights

  • Sales over the Year and quarter: The company experienced a substantial growth of 16.91 % in the past year, substantial increase in net sales/revenue by 10.78 %.
  • 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 97.52 %. Marginal increase in other income during this quarter, up by 181.35%.
  • Profit over the Year and quarter: Challenges in sustaining profitability for Greenlam Industries Ltd. Profit dropped by -11.52 % Year to Year, Greenlam Industries Ltd’s profitability increased by 61.51 % in this quarter.
  • EPS over the Year and quarter: EPS declined by -5.60 % Year to Year. EPS increased by 61.62 % in previous quarter. Positive impact on shareholders.

The comprehensive analytics outlining the performance and outlook of Greenlam Industries 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.

Metrics Previous Year Previous Quarter Current Quarter Quarter to Quarter Difference Year to Year Difference
Sales Rs. 533.808 Cr Rs. 563.373 Cr Rs. 624.092 Cr + 10.78 % + 16.91 %
Expenses Rs. 459.75 Cr Rs. 492.24 Cr Rs. 540.56 Cr + 9.82 % + 17.58 %
Operating Profit Rs. 74.06 Cr Rs. 71.13 Cr Rs. 83.53 Cr + 17.43 % + 12.79 %
OPM % 13.87 % 12.63 % 13.38 % + 0.75 % -0.49 %
Other Income Rs. 4.43 Cr Rs. 3.11 Cr Rs. 8.75 Cr + 181.35 % + 97.52 %
Interest Rs. 6.46 Cr Rs. 14.32 Cr Rs. 13.38 Cr -6.56 % + 107.12 %
Depreciation Rs. 16.85 Cr Rs. 24.48 Cr Rs. 25.76 Cr + 5.23 % + 52.88 %
Profit before tax Rs. 55.18 Cr Rs. 35.44 Cr Rs. 53.14 Cr + 49.94 % -3.7 %
Tax % 16.44 % 28.74 % 23.25 % -5.49 % + 6.81 %
Net Profit Rs. 46.1 Cr Rs. 25.26 Cr Rs. 40.79 Cr + 61.48 % -11.52 %
EPS in Rs Rs. 3.39 Rs. 1.98 Rs. 3.2 + 61.62 % -5.6 %


Today, we’re looking at Greenlam 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 16.91 %. However, it did see a marginal increase of 10.78 % from the previous quarter. Expenses ticked up slightly by 9.82 % quarter-on-quarter, aligning with the annual rise of 17.58 %. Operating profit, while up 12.79 % compared to last year, faced a quarter-on-quarter increase of 17.43 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -0.49 %, but an expansion of 0.75 % sequentially. Other income rose by 181.35 % compared to the last quarter, despite an annual growth of 97.52 %. Interest expenses dropped significantly by -6.56 % from the previous quarter, yet the year-over-year increase remains at a moderate 107.12 %. Depreciation costs climbed by 5.23 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 52.88 %. Profit before tax declined annually by -3.7 % but saw an increase from the preceding quarter by 49.94 %.
Tax expenses as a percentage of profits increased slightly by 6.81 % compared to last year, with a more notable quarter-on-quarter decrease of -5.49 %. Net profit fell by -11.52 % year-on-year but experienced a 61.48 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -5.6 % but a quarterly rise of 61.62 %. 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. 533.808 Cr Rs. 563.373 Cr Rs. 624.092 Cr + 10.78 % + 16.91 %
Expenses Rs. 459.75 Cr Rs. 492.24 Cr Rs. 540.56 Cr + 9.82 % + 17.58 %
Operating Profit Rs. 74.06 Cr Rs. 71.13 Cr Rs. 83.53 Cr + 17.43 % + 12.79 %
Net Profit Rs. 46.1 Cr Rs. 25.26 Cr Rs. 40.79 Cr + 61.48 % -11.52 %
EPS in Rs Rs. 3.39 Rs. 1.98 Rs. 3.2 + 61.62 % -5.6 %


In reviewing Greenlam Industries Ltd’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 16.91 % year-on-year growth, however, there was a minor increase of 10.78 % from the previous quarter. Expenses rose by 17.58 % compared to the previous year, with a 9.82 % increase quarter-on-quarter. Operating Profit surged by 12.79 % annually, and saw a 17.43 % increase from the last quarter.
Net Profit showed yearly decrease of -11.52 %, and experienced a 61.48 % increase from the previous quarter. Earnings Per Share (EPS) fell by -5.6 % annually, however rose by 61.62 % compared to the last quarter. In essence, while Greenlam Industries 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.

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