Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 7.01 % in the past year, substantial increase in net sales/revenue by 7.58 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -6.96 %, Marginal increase in other income during this quarter, up by 73.56%.
- Profit over the Year and quarter: Challenges in sustaining profitability for IFGL Refractories Limited. Profit dropped by -57.38 % Year to Year, IFGL Refractories Limited’s profitability increased by 725 % in this quarter.
- EPS over the Year and quarter: EPS declined by -57.35 % Year to Year. EPS increased by 728.57 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 368.13 Cr | Rs. 366.18 Cr | Rs. 393.94 Cr | + 7.58 % | + 7.01 % |
| Expenses | Rs. 319.76 Cr | Rs. 370.36 Cr | Rs. 359.16 Cr | -3.02 % | + 12.32 % |
| Operating Profit | Rs. 48.37 Cr | Rs. -4.18 Cr | Rs. 34.78 Cr | + 932.06 % | -28.1 % |
| OPM % | 13.14 % | -1.14 % | 8.83 % | + 9.97 % | -4.31 % |
| Other Income | Rs. 7.76 Cr | Rs. 4.16 Cr | Rs. 7.22 Cr | + 73.56 % | -6.96 % |
| Interest | Rs. 0.69 Cr | Rs. 2.72 Cr | Rs. 3.35 Cr | + 23.16 % | + 385.51 % |
| Depreciation | Rs. 15.85 Cr | Rs. 15.7 Cr | Rs. 17.45 Cr | + 11.15 % | + 10.09 % |
| Profit before tax | Rs. 39.59 Cr | Rs. -18.44 Cr | Rs. 21.2 Cr | + 214.97 % | -46.45 % |
| Tax % | 25.69 % | -108.24 % | 40.85 % | + 149.09 % | + 15.16 % |
| Net Profit | Rs. 29.42 Cr | Rs. 1.52 Cr | Rs. 12.54 Cr | + 725 % | -57.38 % |
| EPS in Rs | Rs. 8.16 | Rs. 0.42 | Rs. 3.48 | + 728.57 % | -57.35 % |
Today, we’re looking at IFGL Refractories 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 7.01 %. However, it did see a marginal increase of 7.58 % from the previous quarter. Expenses decreased slightly by -3.02 % quarter-on-quarter, aligning with the annual rise of 12.32 %. Operating profit, while down -28.1 % compared to last year, faced a quarter-on-quarter increase of 932.06 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -4.31 %, but an expansion of 9.97 % sequentially. Other income rose by 73.56 % compared to the last quarter, despite an annual decline of -6.96 %. Interest expenses surged remarkably by 23.16 % from the previous quarter, yet the year-over-year increase remains at a moderate 385.51 %. Depreciation costs climbed by 11.15 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 10.09 %. Profit before tax declined annually by -46.45 % but saw an increase from the preceding quarter by 214.97 %.
Tax expenses as a percentage of profits increased slightly by 15.16 % compared to last year, with a more notable quarter-on-quarter increase of 149.09 %. Net profit fell by -57.38 % year-on-year but experienced a 725 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -57.35 % but a quarterly rise of 728.57 %. In summary, IFGL Refractories 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. 368.13 Cr | Rs. 366.18 Cr | Rs. 393.94 Cr | + 7.58 % | + 7.01 % |
| Expenses | Rs. 319.76 Cr | Rs. 370.36 Cr | Rs. 359.16 Cr | -3.02 % | + 12.32 % |
| Operating Profit | Rs. 48.37 Cr | Rs. -4.18 Cr | Rs. 34.78 Cr | + 932.06 % | -28.1 % |
| Net Profit | Rs. 29.42 Cr | Rs. 1.52 Cr | Rs. 12.54 Cr | + 725 % | -57.38 % |
| EPS in Rs | Rs. 8.16 | Rs. 0.42 | Rs. 3.48 | + 728.57 % | -57.35 % |
In reviewing IFGL Refractories Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 7.01 % year-on-year growth, however, there was a minor increase of 7.58 % from the previous quarter. Expenses rose by 12.32 % compared to the previous year, with a decrease of -3.02 % quarter-on-quarter. Operating Profit dropped by -28.1 % annually, and saw a 932.06 % increase from the last quarter.
Net Profit showed yearly decrease of -57.38 %, and experienced a 725 % increase from the previous quarter. Earnings Per Share (EPS) fell by -57.35 % annually, however rose by 728.57 % compared to the last quarter. In essence, while IFGL Refractories Limited 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.
