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.
| 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.
