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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 27.04 % in the past year, decrease in net sales/revenue by -8.51 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -9.06 %, Marginal increase in other income during this quarter, up by 171.26%.
- Profit over the Year and quarter: Significant improvement in profitability for GRP Limited. Notable increase of 122.08 % in net profit Year to Year, GRP Limited’s profitability dropped by -62.59 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 122.18 % Year to Year. EPS decreased by -62.59 % 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. 99.339 Cr | Rs. 137.942 Cr | Rs. 126.201 Cr | -8.51 % | + 27.04 % |
Expenses | Rs. 92.82 Cr | Rs. 115.23 Cr | Rs. 113.43 Cr | -1.56 % | + 22.2 % |
Operating Profit | Rs. 6.52 Cr | Rs. 22.71 Cr | Rs. 12.77 Cr | -43.77 % | + 95.86 % |
OPM % | 6.56 % | 16.46 % | 10.12 % | -6.34 % | + 3.56 % |
Other Income | Rs. 0.519 Cr | Rs. 0.174 Cr | Rs. 0.472 Cr | + 171.26 % | -9.06 % |
Interest | Rs. 1.8 Cr | Rs. 1.69 Cr | Rs. 2.1 Cr | + 24.26 % | + 16.67 % |
Depreciation | Rs. 2.77 Cr | Rs. 3.44 Cr | Rs. 3.83 Cr | + 11.34 % | + 38.27 % |
Profit before tax | Rs. 2.47 Cr | Rs. 17.75 Cr | Rs. 7.31 Cr | -58.82 % | + 195.95 % |
Tax % | 20.4 % | 23.99 % | 40.29 % | + 16.3 % | + 19.89 % |
Net Profit | Rs. 1.97 Cr | Rs. 11.67 Cr | Rs. 4.37 Cr | -62.55 % | + 121.83 % |
EPS in Rs | Rs. 14.74 | Rs. 87.54 | Rs. 32.75 | -62.59 % | + 122.18 % |
Today, we’re looking at GRP Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 27.04 %. However, it did see a marginal slip of -8.51 % from the previous quarter. Expenses decreased slightly by -1.56 % quarter-on-quarter, aligning with the annual rise of 22.2 %. Operating profit, while up 95.86 % compared to last year, faced a quarter-on-quarter dip of -43.77 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 3.56 %, but a shrinkage of -6.34 % sequentially. Other income rose by 171.26 % compared to the last quarter, despite an annual decline of -9.06 %. Interest expenses surged remarkably by 24.26 % from the previous quarter, yet the year-over-year increase remains at a moderate 16.67 %. Depreciation costs climbed by 11.34 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 38.27 %. Profit before tax grew annually by 195.95 % but saw a reduction from the preceding quarter by -58.82 %.
Tax expenses as a percentage of profits increased slightly by 19.89 % compared to last year, with a more notable quarter-on-quarter increase of 16.3 %. Net profit rose by 121.83 % year-on-year but witnessed a -62.55 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 122.18 % but a quarterly fall of -62.59 %. In summary, GRP Limited’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. 99.339 Cr | Rs. 137.942 Cr | Rs. 126.201 Cr | -8.51 % | + 27.04 % |
Expenses | Rs. 92.82 Cr | Rs. 115.23 Cr | Rs. 113.43 Cr | -1.56 % | + 22.2 % |
Operating Profit | Rs. 6.52 Cr | Rs. 22.71 Cr | Rs. 12.77 Cr | -43.77 % | + 95.86 % |
Net Profit | Rs. 1.97 Cr | Rs. 11.67 Cr | Rs. 4.37 Cr | -62.55 % | + 121.83 % |
EPS in Rs | Rs. 14.74 | Rs. 87.54 | Rs. 32.75 | -62.59 % | + 122.18 % |
In reviewing GRP Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 27.04 % year-on-year growth, although there was a slight dip of -8.51 % from the previous quarter. Expenses rose by 22.2 % compared to the previous year, with a decrease of -1.56 % quarter-on-quarter. Operating Profit surged by 95.86 % annually, and saw a -43.77 % decrease from the last quarter.
Net Profit showed yearly increase of 121.83 %, and experienced a -62.55 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 122.18 % annually, however dipped by -62.59 % compared to the last quarter. In essence, while GRP Limited exhibits strong annual growth indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.