Share the post "IFB Industries : Q4 2024 Financial Quarterly Report : YoY Sales Up 7.92 %, QoQ Down 6.08 %"
Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 7.92 % in the past year, decrease in net sales/revenue by -6.08 %.
- 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 1.31 %. Marginal increase in other income during this quarter, up by 1582.98%.
- Profit over the Year and quarter: Challenges in sustaining profitability for IFB Industries Limited. Profit dropped by -220.72 % Year to Year, IFB Industries Limited’s profitability dropped by -31.23 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -220.82 % Year to Year. EPS decreased by -31.32 % 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. 1010.15 Cr | Rs. 1160.83 Cr | Rs. 1090.2 Cr | -6.08 % | + 7.92 % |
| Expenses | Rs. 981.32 Cr | Rs. 1095.51 Cr | Rs. 1043.66 Cr | -4.73 % | + 6.35 % |
| Operating Profit | Rs. 28.83 Cr | Rs. 65.32 Cr | Rs. 46.54 Cr | -28.75 % | + 61.43 % |
| OPM % | 2.85 % | 5.63 % | 4.27 % | -1.36 % | + 1.42 % |
| Other Income | Rs. 6.88 Cr | Rs. -0.47 Cr | Rs. 6.97 Cr | + 1582.98 % | + 1.31 % |
| Interest | Rs. 7.68 Cr | Rs. 6.77 Cr | Rs. 6.74 Cr | -0.44 % | -12.24 % |
| Depreciation | Rs. 33.81 Cr | Rs. 31.8 Cr | Rs. 32 Cr | + 0.63 % | -5.35 % |
| Profit before tax | Rs. -5.78 Cr | Rs. 26.28 Cr | Rs. 14.77 Cr | -43.8 % | + 355.54 % |
| Tax % | -123.44 % | 26.11 % | 14.4 % | -11.71 % | + 137.84 % |
| Net Profit | Rs. -9.94 Cr | Rs. 17.45 Cr | Rs. 12 Cr | -31.23 % | + 220.72 % |
| EPS in Rs | Rs. -2.45 | Rs. 4.31 | Rs. 2.96 | -31.32 % | + 220.82 % |
Today, we’re looking at IFB Industries 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 7.92 %. However, it did see a marginal slip of -6.08 % from the previous quarter. Expenses decreased slightly by -4.73 % quarter-on-quarter, aligning with the annual rise of 6.35 %. Operating profit, while up 61.43 % compared to last year, faced a quarter-on-quarter dip of -28.75 %, 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 1.42 %, but a shrinkage of -1.36 % sequentially. Other income rose by 1582.98 % compared to the last quarter, despite an annual growth of 1.31 %. Interest expenses dropped significantly by -0.44 % from the previous quarter, yet the year-over-year decrease remains at a moderate -12.24 %. Depreciation costs climbed by 0.63 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -5.35 %. Profit before tax grew annually by 355.54 % but saw a reduction from the preceding quarter by -43.8 %.
Tax expenses as a percentage of profits increased slightly by 137.84 % compared to last year, with a more notable quarter-on-quarter decrease of -11.71 %. Net profit rose by 220.72 % year-on-year but witnessed a -31.23 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 220.82 % but a quarterly fall of -31.32 %. In summary, IFB Industries 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. 1010.15 Cr | Rs. 1160.83 Cr | Rs. 1090.2 Cr | -6.08 % | + 7.92 % |
| Expenses | Rs. 981.32 Cr | Rs. 1095.51 Cr | Rs. 1043.66 Cr | -4.73 % | + 6.35 % |
| Operating Profit | Rs. 28.83 Cr | Rs. 65.32 Cr | Rs. 46.54 Cr | -28.75 % | + 61.43 % |
| Net Profit | Rs. -9.94 Cr | Rs. 17.45 Cr | Rs. 12 Cr | -31.23 % | + 220.72 % |
| EPS in Rs | Rs. -2.45 | Rs. 4.31 | Rs. 2.96 | -31.32 % | + 220.82 % |
In reviewing IFB Industries Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 7.92 % year-on-year growth, although there was a slight dip of -6.08 % from the previous quarter. Expenses rose by 6.35 % compared to the previous year, with a decrease of -4.73 % quarter-on-quarter. Operating Profit surged by 61.43 % annually, and saw a -28.75 % decrease from the last quarter.
Net Profit showed yearly increase of 220.72 %, and experienced a -31.23 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 220.82 % annually, however dipped by -31.32 % compared to the last quarter. In essence, while IFB Industries 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.
