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Highlights
- The presented financial data is Standalone to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company’s sales declined by -6.5 % over the year, decrease in net sales/revenue by -14.15 %.
- 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 17.55 %. Marginal increase in other income during this quarter, up by 24.88%.
- Profit over the Year and quarter: Significant improvement in profitability for Gujarat Industries Power Company Limited. Notable increase of 18.14 % in net profit Year to Year, Gujarat Industries Power Company Limited’s profitability increased by 2.43 % in this quarter.
- EPS over the Year and quarter: EPS increased by 18.21 % Year to Year. EPS increased by 2.28 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 342.208 Cr | Rs. 372.694 Cr | Rs. 319.961 Cr | -14.15 % | -6.5 % |
| Expenses | Rs. 236.3 Cr | Rs. 253.89 Cr | Rs. 203.88 Cr | -19.7 % | -13.72 % |
| Operating Profit | Rs. 105.91 Cr | Rs. 118.8 Cr | Rs. 116.08 Cr | -2.29 % | + 9.6 % |
| OPM % | 30.95 % | 31.88 % | 36.28 % | + 4.4 % | + 5.33 % |
| Other Income | Rs. 18.007 Cr | Rs. 16.951 Cr | Rs. 21.168 Cr | + 24.88 % | + 17.55 % |
| Interest | Rs. 9.42 Cr | Rs. 8.67 Cr | Rs. 8.83 Cr | + 1.85 % | -6.26 % |
| Depreciation | Rs. 41.51 Cr | Rs. 41.93 Cr | Rs. 42.22 Cr | + 0.69 % | + 1.71 % |
| Profit before tax | Rs. 72.99 Cr | Rs. 85.15 Cr | Rs. 86.2 Cr | + 1.23 % | + 18.1 % |
| Tax % | 21.39 % | 22.28 % | 21.37 % | -0.91 % | -0.02 % |
| Net Profit | Rs. 57.37 Cr | Rs. 66.18 Cr | Rs. 67.78 Cr | + 2.42 % | + 18.15 % |
| EPS in Rs | Rs. 3.79 | Rs. 4.38 | Rs. 4.48 | + 2.28 % | + 18.21 % |
Today, we’re looking at Gujarat Industries Power Company Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -6.5 %. However, it did see a marginal slip of -14.15 % from the previous quarter. Expenses decreased slightly by -19.7 % quarter-on-quarter, aligning with the annual decline of -13.72 %. Operating profit, while up 9.6 % compared to last year, faced a quarter-on-quarter dip of -2.29 %, 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 5.33 %, but an expansion of 4.4 % sequentially. Other income rose by 24.88 % compared to the last quarter, despite an annual growth of 17.55 %. Interest expenses surged remarkably by 1.85 % from the previous quarter, yet the year-over-year decrease remains at a moderate -6.26 %. Depreciation costs climbed by 0.69 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 1.71 %. Profit before tax grew annually by 18.1 % but saw an increase from the preceding quarter by 1.23 %.
Tax expenses as a percentage of profits decreased slightly by -0.02 % compared to last year, with a more notable quarter-on-quarter decrease of -0.91 %. Net profit rose by 18.15 % year-on-year but experienced a 2.42 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 18.21 % but a quarterly rise of 2.28 %. In summary, Gujarat Industries Power Company 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. 342.208 Cr | Rs. 372.694 Cr | Rs. 319.961 Cr | -14.15 % | -6.5 % |
| Expenses | Rs. 236.3 Cr | Rs. 253.89 Cr | Rs. 203.88 Cr | -19.7 % | -13.72 % |
| Operating Profit | Rs. 105.91 Cr | Rs. 118.8 Cr | Rs. 116.08 Cr | -2.29 % | + 9.6 % |
| Net Profit | Rs. 57.37 Cr | Rs. 66.18 Cr | Rs. 67.78 Cr | + 2.42 % | + 18.15 % |
| EPS in Rs | Rs. 3.79 | Rs. 4.38 | Rs. 4.48 | + 2.28 % | + 18.21 % |
In reviewing Gujarat Industries Power Company Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -6.5 % year-on-year, although there was a slight dip of -14.15 % from the previous quarter. Expenses decreased by -13.72 % compared to the previous year, with a decrease of -19.7 % quarter-on-quarter. Operating Profit surged by 9.6 % annually, and saw a -2.29 % decrease from the last quarter.
Net Profit showed yearly increase of 18.15 %, and experienced a 2.42 % increase from the previous quarter. Earnings Per Share (EPS) rose by 18.21 % annually, however rose by 2.28 % compared to the last quarter. In essence, while Gujarat Industries Power Company Limited 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.
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