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India Motor Parts and Accessories : Q1 2024 Financial Quarterly Report : YoY Sales Up 1.73 %, QoQ Up 10.83 %

July 30, 2024July 30, 2024| adminadmin| 0 Comments| 9:25 pm
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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 1.73 % in the past year, substantial increase in net sales/revenue by 10.83 %.
  • 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 59.88 %. Marginal increase in other income during this quarter, up by 2.86%.
  • Profit over the Year and quarter: Significant improvement in profitability for India Motor Parts and Accessories Limited. Notable increase of 16.82 % in net profit Year to Year, India Motor Parts and Accessories Limited’s profitability increased by 5.15 % in this quarter.
  • EPS over the Year and quarter: EPS increased by 16.78 % Year to Year. EPS increased by 5.16 % in previous quarter. Positive impact on shareholders.

The comprehensive analytics outlining the performance and outlook of India Motor Parts and Accessories 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. 194.53 Cr Rs. 178.56 Cr Rs. 197.89 Cr + 10.83 % + 1.73 %
Expenses Rs. 179.96 Cr Rs. 163.76 Cr Rs. 183.17 Cr + 11.85 % + 1.78 %
Operating Profit Rs. 14.57 Cr Rs. 14.8 Cr Rs. 14.72 Cr -0.54 % + 1.03 %
OPM % 7.49 % 8.29 % 7.44 % -0.85 % -0.05 %
Other Income Rs. 6.53 Cr Rs. 10.15 Cr Rs. 10.44 Cr + 2.86 % + 59.88 %
Interest Rs. 0 Cr Rs. 0.01 Cr Rs. 0 Cr 0 % 0 %
Depreciation Rs. 0 Cr Rs. 0.31 Cr Rs. 0.3 Cr -3.23 % 0 %
Profit before tax Rs. 21.1 Cr Rs. 24.63 Cr Rs. 24.86 Cr + 0.93 % + 17.82 %
Tax % 15.45 % 19.53 % 16.17 % -3.36 % + 0.72 %
Net Profit Rs. 17.84 Cr Rs. 19.82 Cr Rs. 20.84 Cr + 5.15 % + 16.82 %
EPS in Rs Rs. 14.3 Rs. 15.88 Rs. 16.7 + 5.16 % + 16.78 %


Today, we’re looking at India Motor Parts and Accessories Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 1.73 %. However, it did see a marginal increase of 10.83 % from the previous quarter. Expenses ticked up slightly by 11.85 % quarter-on-quarter, aligning with the annual rise of 1.78 %. Operating profit, while up 1.03 % compared to last year, faced a quarter-on-quarter dip of -0.54 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -0.05 %, but a shrinkage of -0.85 % sequentially. Other income rose by 2.86 % compared to the last quarter, despite an annual growth of 59.88 %. Depreciation costs fell by -3.23 % quarter-on-quarter, Profit before tax grew annually by 17.82 % but saw an increase from the preceding quarter by 0.93 %.
Tax expenses as a percentage of profits increased slightly by 0.72 % compared to last year, with a more notable quarter-on-quarter decrease of -3.36 %. Net profit rose by 16.82 % year-on-year but experienced a 5.15 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 16.78 % but a quarterly rise of 5.16 %. In summary, India Motor Parts and Accessories 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. 194.53 Cr Rs. 178.56 Cr Rs. 197.89 Cr + 10.83 % + 1.73 %
Expenses Rs. 179.96 Cr Rs. 163.76 Cr Rs. 183.17 Cr + 11.85 % + 1.78 %
Operating Profit Rs. 14.57 Cr Rs. 14.8 Cr Rs. 14.72 Cr -0.54 % + 1.03 %
Net Profit Rs. 17.84 Cr Rs. 19.82 Cr Rs. 20.84 Cr + 5.15 % + 16.82 %
EPS in Rs Rs. 14.3 Rs. 15.88 Rs. 16.7 + 5.16 % + 16.78 %


In reviewing India Motor Parts and Accessories Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 1.73 % year-on-year growth, however, there was a minor increase of 10.83 % from the previous quarter. Expenses rose by 1.78 % compared to the previous year, with a 11.85 % increase quarter-on-quarter. Operating Profit surged by 1.03 % annually, and saw a -0.54 % decrease from the last quarter.
Net Profit showed yearly increase of 16.82 %, and experienced a 5.15 % increase from the previous quarter. Earnings Per Share (EPS) rose by 16.78 % annually, however rose by 5.16 % compared to the last quarter. In essence, while India Motor Parts and Accessories 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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