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Gujarat Craft Industries : Q4 2024 Financial Quarterly Report : YoY Sales Up 21.94 %, QoQ Up 17.75 %

June 24, 2024June 24, 2024| adminadmin| 0 Comments| 6:20 pm
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Highlights

  • Sales over the Year and quarter: The company experienced a substantial growth of 21.94 % in the past year, substantial increase in net sales/revenue by 17.75 %.
  • Income over the Year and quarter: There has been decline in other income over the past year which is -70.37 %, Marginal decrease of -33.33% in other income during this quarter.
  • Profit over the Year and quarter: Challenges in sustaining profitability for Gujarat Craft Industries Ltd.. Profit dropped by -13.67 % Year to Year, Gujarat Craft Industries Ltd.’s profitability increased by 52.5 % in this quarter.
  • EPS over the Year and quarter: EPS declined by -13.81 % Year to Year. EPS increased by 51.46 % in previous quarter. Positive impact on shareholders.

The comprehensive analytics outlining the performance and outlook of Gujarat Craft 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. 43.974 Cr Rs. 45.539 Cr Rs. 53.624 Cr + 17.75 % + 21.94 %
Expenses Rs. 41.88 Cr Rs. 42.95 Cr Rs. 50.58 Cr + 17.76 % + 20.77 %
Operating Profit Rs. 2.09 Cr Rs. 2.59 Cr Rs. 3.04 Cr + 17.37 % + 45.45 %
OPM % 4.75 % 5.69 % 5.67 % -0.02 % + 0.92 %
Other Income Rs. 0.27 Cr Rs. 0.12 Cr Rs. 0.08 Cr -33.33 % -70.37 %
Interest Rs. 0.65 Cr Rs. 1.04 Cr Rs. 1.1 Cr + 5.77 % + 69.23 %
Depreciation Rs. 0.55 Cr Rs. 0.97 Cr Rs. 0.95 Cr -2.06 % + 72.73 %
Profit before tax Rs. 1.16 Cr Rs. 0.7 Cr Rs. 1.07 Cr + 52.86 % -7.76 %
Tax % 24.12 % 29.04 % 29.46 % + 0.42 % + 5.34 %
Net Profit Rs. 0.89 Cr Rs. 0.5 Cr Rs. 0.76 Cr + 52 % -14.61 %
EPS in Rs Rs. 1.81 Rs. 1.03 Rs. 1.56 + 51.46 % -13.81 %


Today, we’re looking at Gujarat Craft 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 21.94 %. However, it did see a marginal increase of 17.75 % from the previous quarter. Expenses ticked up slightly by 17.76 % quarter-on-quarter, aligning with the annual rise of 20.77 %. Operating profit, while up 45.45 % compared to last year, faced a quarter-on-quarter increase of 17.37 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 0.92 %, but a shrinkage of -0.02 % sequentially. Other income fell by -33.33 % compared to the last quarter, despite an annual decline of -70.37 %. Interest expenses surged remarkably by 5.77 % from the previous quarter, yet the year-over-year increase remains at a moderate 69.23 %. Depreciation costs fell by -2.06 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 72.73 %. Profit before tax declined annually by -7.76 % but saw an increase from the preceding quarter by 52.86 %.
Tax expenses as a percentage of profits increased slightly by 5.34 % compared to last year, with a more notable quarter-on-quarter increase of 0.42 %. Net profit fell by -14.61 % year-on-year but experienced a 52 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -13.81 % but a quarterly rise of 51.46 %. In summary, Gujarat Craft 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. 43.974 Cr Rs. 45.539 Cr Rs. 53.624 Cr + 17.75 % + 21.94 %
Expenses Rs. 41.88 Cr Rs. 42.95 Cr Rs. 50.58 Cr + 17.76 % + 20.77 %
Operating Profit Rs. 2.09 Cr Rs. 2.59 Cr Rs. 3.04 Cr + 17.37 % + 45.45 %
Net Profit Rs. 0.89 Cr Rs. 0.5 Cr Rs. 0.76 Cr + 52 % -14.61 %
EPS in Rs Rs. 1.81 Rs. 1.03 Rs. 1.56 + 51.46 % -13.81 %


In reviewing Gujarat Craft Industries Ltd.’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 21.94 % year-on-year growth, however, there was a minor increase of 17.75 % from the previous quarter. Expenses rose by 20.77 % compared to the previous year, with a 17.76 % increase quarter-on-quarter. Operating Profit surged by 45.45 % annually, and saw a 17.37 % increase from the last quarter.
Net Profit showed yearly decrease of -14.61 %, and experienced a 52 % increase from the previous quarter. Earnings Per Share (EPS) fell by -13.81 % annually, however rose by 51.46 % compared to the last quarter. In essence, while Gujarat Craft 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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