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ICRA : Q4 2024 Financial Quarterly Report : YoY Sales Up 13.64 %, QoQ Up 8.19 %

May 24, 2024May 24, 2024| adminadmin| 0 Comments| 11:30 am
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Highlights

  • Sales over the Year and quarter: The company experienced a substantial growth of 13.64 % in the past year, substantial increase in net sales/revenue by 8.19 %.
  • 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 48.84 %. Marginal increase in other income during this quarter, up by 37.91%.
  • Profit over the Year and quarter: Significant improvement in profitability for ICRA Limited. Notable increase of 21.82 % in net profit Year to Year, ICRA Limited’s profitability increased by 45.19 % in this quarter.
  • EPS over the Year and quarter: EPS increased by 22.14 % Year to Year. EPS increased by 45.78 % in previous quarter. Positive impact on shareholders.

The comprehensive analytics outlining the performance and outlook of ICRA Limited”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. 109.081 Cr Rs. 114.586 Cr Rs. 123.965 Cr + 8.19 % + 13.64 %
Expenses Rs. 71.06 Cr Rs. 84.34 Cr Rs. 74.12 Cr -12.12 % + 4.31 %
Operating Profit Rs. 38.02 Cr Rs. 30.25 Cr Rs. 49.85 Cr + 64.79 % + 31.12 %
OPM % 34.85 % 26.4 % 40.21 % + 13.81 % + 5.36 %
Other Income Rs. 15.91 Cr Rs. 17.17 Cr Rs. 23.68 Cr + 37.91 % + 48.84 %
Interest Rs. 0.33 Cr Rs. 2.85 Cr Rs. 6.93 Cr + 143.16 % + 2000 %
Depreciation Rs. 2.73 Cr Rs. 3.84 Cr Rs. 4.47 Cr + 16.41 % + 63.74 %
Profit before tax Rs. 50.87 Cr Rs. 40.73 Cr Rs. 62.13 Cr + 52.54 % + 22.13 %
Tax % 24.07 % 20.42 % 24.25 % + 3.83 % + 0.18 %
Net Profit Rs. 38.63 Cr Rs. 32.41 Cr Rs. 47.06 Cr + 45.2 % + 21.82 %
EPS in Rs Rs. 39.89 Rs. 33.42 Rs. 48.64 + 45.54 % + 21.94 %


Today, we’re looking at ICRA Limited’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 13.64 %. However, it did see a marginal increase of 8.19 % from the previous quarter. Expenses decreased slightly by -12.12 % quarter-on-quarter, aligning with the annual rise of 4.31 %. Operating profit, while up 31.12 % compared to last year, faced a quarter-on-quarter increase of 64.79 %, 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 5.36 %, but an expansion of 13.81 % sequentially. Other income rose by 37.91 % compared to the last quarter, despite an annual growth of 48.84 %. Interest expenses surged remarkably by 143.16 % from the previous quarter, yet the year-over-year increase remains at a moderate 2000 %. Depreciation costs climbed by 16.41 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 63.74 %. Profit before tax grew annually by 22.13 % but saw an increase from the preceding quarter by 52.54 %.
Tax expenses as a percentage of profits increased slightly by 0.18 % compared to last year, with a more notable quarter-on-quarter increase of 3.83 %. Net profit rose by 21.82 % year-on-year but experienced a 45.2 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 21.94 % but a quarterly rise of 45.54 %. In summary, ICRA 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. 109.081 Cr Rs. 114.586 Cr Rs. 123.965 Cr + 8.19 % + 13.64 %
Expenses Rs. 71.06 Cr Rs. 84.34 Cr Rs. 74.12 Cr -12.12 % + 4.31 %
Operating Profit Rs. 38.02 Cr Rs. 30.25 Cr Rs. 49.85 Cr + 64.79 % + 31.12 %
Net Profit Rs. 38.63 Cr Rs. 32.41 Cr Rs. 47.06 Cr + 45.2 % + 21.82 %
EPS in Rs Rs. 39.89 Rs. 33.42 Rs. 48.64 + 45.54 % + 21.94 %


In reviewing ICRA Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 13.64 % year-on-year growth, however, there was a minor increase of 8.19 % from the previous quarter. Expenses rose by 4.31 % compared to the previous year, with a decrease of -12.12 % quarter-on-quarter. Operating Profit surged by 31.12 % annually, and saw a 64.79 % increase from the last quarter.
Net Profit showed yearly increase of 21.82 %, and experienced a 45.2 % increase from the previous quarter. Earnings Per Share (EPS) rose by 21.94 % annually, however rose by 45.54 % compared to the last quarter. In essence, while ICRA 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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