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Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 27.84 % in the past year, decrease in net sales/revenue by -3.39 %.
- 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 85.69 %. Marginal decrease of -112.44% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Greenply Industries Ltd. Notable increase of 156.29 % in net profit Year to Year, Greenply Industries Ltd’s profitability increased by 5.55 % in this quarter.
- EPS over the Year and quarter: EPS increased by 155.56 % Year to Year. EPS increased by 5.99 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 469.159 Cr | Rs. 620.827 Cr | Rs. 599.788 Cr | -3.39 % | + 27.84 % |
| Expenses | Rs. 421.59 Cr | Rs. 564.05 Cr | Rs. 542.13 Cr | -3.89 % | + 28.59 % |
| Operating Profit | Rs. 47.57 Cr | Rs. 56.78 Cr | Rs. 57.66 Cr | + 1.55 % | + 21.21 % |
| OPM % | 10.14 % | 9.15 % | 9.61 % | + 0.46 % | -0.53 % |
| Other Income | Rs. -7.34 Cr | Rs. 8.44 Cr | Rs. -1.05 Cr | -112.44 % | + 85.69 % |
| Interest | Rs. 7.6 Cr | Rs. 20.36 Cr | Rs. 9 Cr | -55.8 % | + 18.42 % |
| Depreciation | Rs. 10.32 Cr | Rs. 17.21 Cr | Rs. 14.55 Cr | -15.46 % | + 40.99 % |
| Profit before tax | Rs. 22.31 Cr | Rs. 27.65 Cr | Rs. 33.06 Cr | + 19.57 % | + 48.18 % |
| Tax % | 28.89 % | 26.27 % | 22.01 % | -4.26 % | -6.88 % |
| Net Profit | Rs. 11.07 Cr | Rs. 26.87 Cr | Rs. 28.36 Cr | + 5.55 % | + 156.19 % |
| EPS in Rs | Rs. 0.89 | Rs. 2.16 | Rs. 2.28 | + 5.56 % | + 156.18 % |
Today, we’re looking at Greenply 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 27.84 %. However, it did see a marginal slip of -3.39 % from the previous quarter. Expenses decreased slightly by -3.89 % quarter-on-quarter, aligning with the annual rise of 28.59 %. Operating profit, while up 21.21 % compared to last year, faced a quarter-on-quarter increase of 1.55 %, 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 -0.53 %, but an expansion of 0.46 % sequentially. Other income fell by -112.44 % compared to the last quarter, despite an annual growth of 85.69 %. Interest expenses dropped significantly by -55.8 % from the previous quarter, yet the year-over-year increase remains at a moderate 18.42 %. Depreciation costs fell by -15.46 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 40.99 %. Profit before tax grew annually by 48.18 % but saw an increase from the preceding quarter by 19.57 %.
Tax expenses as a percentage of profits decreased slightly by -6.88 % compared to last year, with a more notable quarter-on-quarter decrease of -4.26 %. Net profit rose by 156.19 % year-on-year but experienced a 5.55 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 156.18 % but a quarterly rise of 5.56 %. In summary, Greenply 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. 469.159 Cr | Rs. 620.827 Cr | Rs. 599.788 Cr | -3.39 % | + 27.84 % |
| Expenses | Rs. 421.59 Cr | Rs. 564.05 Cr | Rs. 542.13 Cr | -3.89 % | + 28.59 % |
| Operating Profit | Rs. 47.57 Cr | Rs. 56.78 Cr | Rs. 57.66 Cr | + 1.55 % | + 21.21 % |
| Net Profit | Rs. 11.07 Cr | Rs. 26.87 Cr | Rs. 28.36 Cr | + 5.55 % | + 156.19 % |
| EPS in Rs | Rs. 0.89 | Rs. 2.16 | Rs. 2.28 | + 5.56 % | + 156.18 % |
In reviewing Greenply Industries Ltd’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 27.84 % year-on-year growth, although there was a slight dip of -3.39 % from the previous quarter. Expenses rose by 28.59 % compared to the previous year, with a decrease of -3.89 % quarter-on-quarter. Operating Profit surged by 21.21 % annually, and saw a 1.55 % increase from the last quarter.
Net Profit showed yearly increase of 156.19 %, and experienced a 5.55 % increase from the previous quarter. Earnings Per Share (EPS) rose by 156.18 % annually, however rose by 5.56 % compared to the last quarter. In essence, while Greenply 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.
