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Ikio Lighting ‘s Q2 Report: Profit Decreases by 29.17% YoY

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Highlights

  • The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
  • Sales over the Year and quarter: The company experienced a substantial growth of 6.04 % in the past year, decrease in net sales/revenue by -1.57 %.
  • Income over the Year and quarter: There has been decline in other income over the past year which is -49.36 %, Marginal decrease of -45.63% in other income during this quarter.
  • Profit over the Year and quarter: Challenges in sustaining profitability for Ikio Lighting Limited. Profit dropped by -29.18 % Year to Year, Ikio Lighting Limited’s profitability increased by 4.45 % in this quarter.
  • EPS over the Year and quarter: EPS declined by -29.24 % Year to Year. EPS increased by 4.37 % in previous quarter. Positive impact on shareholders.

The comprehensive analytics outlining the performance and outlook of Ikio Lighting 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. 117.919 Cr Rs. 127.038 Cr Rs. 125.038 Cr -1.57 % + 6.04 %
Expenses Rs. 91.19 Cr Rs. 110.33 Cr Rs. 102.82 Cr -6.81 % + 12.75 %
Operating Profit Rs. 26.73 Cr Rs. 16.71 Cr Rs. 22.22 Cr + 32.97 % -16.87 %
OPM % 22.67 % 13.15 % 17.77 % + 4.62 % -4.9 %
Other Income Rs. 6.173 Cr Rs. 5.749 Cr Rs. 3.126 Cr -45.63 % -49.36 %
Interest Rs. 3.18 Cr Rs. 2.09 Cr Rs. 2.31 Cr + 10.53 % -27.36 %
Depreciation Rs. 3.65 Cr Rs. 4.64 Cr Rs. 6.52 Cr + 40.52 % + 78.63 %
Profit before tax Rs. 26.07 Cr Rs. 15.73 Cr Rs. 16.52 Cr + 5.02 % -36.63 %
Tax % 30.01 % 21.34 % 21.77 % + 0.43 % -8.24 %
Net Profit Rs. 18.24 Cr Rs. 12.37 Cr Rs. 12.92 Cr + 4.45 % -29.17 %
EPS in Rs Rs. 2.36 Rs. 1.6 Rs. 1.67 + 4.37 % -29.24 %


Today, we’re looking at Ikio Lighting Limited’s financial performance for the Q2(Sep 2024-25).Starting with the top line, the company reported a robust year-over-year sales growth of 6.04 %. However, it did see a marginal slip of -1.57 % from the previous quarter. Expenses decreased slightly by -6.81 % quarter-on-quarter, aligning with the annual rise of 12.75 %. Operating profit, while down -16.87 % compared to last year, faced a quarter-on-quarter increase of 32.97 %, 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 -4.9 %, but an expansion of 4.62 % sequentially. Other income fell by -45.63 % compared to the last quarter, despite an annual decline of -49.36 %. Interest expenses surged remarkably by 10.53 % from the previous quarter, yet the year-over-year decrease remains at a moderate -27.36 %. Depreciation costs climbed by 40.52 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 78.63 %. Profit before tax declined annually by -36.63 % but saw an increase from the preceding quarter by 5.02 %.
Tax expenses as a percentage of profits decreased slightly by -8.24 % compared to last year, with a more notable quarter-on-quarter increase of 0.43 %. Net profit fell by -29.17 % year-on-year but experienced a 4.45 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -29.24 % but a quarterly rise of 4.37 %. In summary, Ikio Lighting 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. 117.919 Cr Rs. 127.038 Cr Rs. 125.038 Cr -1.57 % + 6.04 %
Expenses Rs. 91.19 Cr Rs. 110.33 Cr Rs. 102.82 Cr -6.81 % + 12.75 %
Operating Profit Rs. 26.73 Cr Rs. 16.71 Cr Rs. 22.22 Cr + 32.97 % -16.87 %
Net Profit Rs. 18.24 Cr Rs. 12.37 Cr Rs. 12.92 Cr + 4.45 % -29.17 %
EPS in Rs Rs. 2.36 Rs. 1.6 Rs. 1.67 + 4.37 % -29.24 %


In reviewing Ikio Lighting Limited’s 2024-25(Q2) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 6.04 % year-on-year growth, although there was a slight dip of -1.57 % from the previous quarter. Expenses rose by 12.75 % compared to the previous year, with a decrease of -6.81 % quarter-on-quarter. Operating Profit dropped by -16.87 % annually, and saw a 32.97 % increase from the last quarter.
Net Profit showed yearly decrease of -29.17 %, and experienced a 4.45 % increase from the previous quarter. Earnings Per Share (EPS) fell by -29.24 % annually, however rose by 4.37 % compared to the last quarter. In essence, while Ikio Lighting 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.

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