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.
| 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.
