Highlights
- Sales over the Year and quarter: The company’s sales declined by -53.19 % over the year, decrease in net sales/revenue by -18.34 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -30.36 %, Marginal increase in other income during this quarter, up by 7.5%.
- Profit over the Year and quarter: Challenges in sustaining profitability for Indian Acrylics Ltd. Profit dropped by -164.86 % Year to Year, Indian Acrylics Ltd’s profitability increased by 61.47 % in this quarter.
- EPS over the Year and quarter: EPS declined by -164.54 % Year to Year. EPS increased by 62.5 % in previous quarter. Positive impact on shareholders.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 227.175 Cr | Rs. 130.221 Cr | Rs. 106.338 Cr | -18.34 % | -53.19 % |
Expenses | Rs. 203.83 Cr | Rs. 127.11 Cr | Rs. 110.19 Cr | -13.31 % | -45.94 % |
Operating Profit | Rs. 23.35 Cr | Rs. 3.11 Cr | Rs. -3.85 Cr | -223.79 % | -116.49 % |
OPM % | 10.28 % | 2.39 % | -3.62 % | -6.01 % | -13.9 % |
Other Income | Rs. 2.47 Cr | Rs. 1.6 Cr | Rs. 1.72 Cr | + 7.5 % | -30.36 % |
Interest | Rs. 5.02 Cr | Rs. 8.44 Cr | Rs. 6.45 Cr | -23.58 % | + 28.49 % |
Depreciation | Rs. 1.76 Cr | Rs. 3.91 Cr | Rs. 3.76 Cr | -3.84 % | + 113.64 % |
Profit before tax | Rs. 19.04 Cr | Rs. -7.64 Cr | Rs. -12.34 Cr | -61.52 % | -164.81 % |
Tax % | 0 % | -0 % | -0 % | 0 % | 0 % |
Net Profit | Rs. 19.03 Cr | Rs. -7.65 Cr | Rs. -12.34 Cr | -61.31 % | -164.84 % |
EPS in Rs | Rs. 1.41 | Rs. -0.56 | Rs. -0.91 | -62.5 % | -164.54 % |
Today, we’re looking at Indian Acrylics Ltd’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -53.19 %. However, it did see a marginal slip of -18.34 % from the previous quarter. Expenses decreased slightly by -13.31 % quarter-on-quarter, aligning with the annual decline of -45.94 %. Operating profit, while down -116.49 % compared to last year, faced a quarter-on-quarter dip of -223.79 %, 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 -13.9 %, but a shrinkage of -6.01 % sequentially. Other income rose by 7.5 % compared to the last quarter, despite an annual decline of -30.36 %. Interest expenses dropped significantly by -23.58 % from the previous quarter, yet the year-over-year increase remains at a moderate 28.49 %. Depreciation costs fell by -3.84 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 113.64 %. Profit before tax declined annually by -164.81 % but saw a reduction from the preceding quarter by -61.52 %.
Tax expenses as a percentage of profits decreased slightly by -0.25 % compared to last year, with a more notable quarter-on-quarter decrease of -1.52 %. Net profit fell by -164.84 % year-on-year but witnessed a -61.31 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -164.54 % but a quarterly fall of -62.5 %. In summary, Indian Acrylics Ltd’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. 227.175 Cr | Rs. 130.221 Cr | Rs. 106.338 Cr | -18.34 % | -53.19 % |
Expenses | Rs. 203.83 Cr | Rs. 127.11 Cr | Rs. 110.19 Cr | -13.31 % | -45.94 % |
Operating Profit | Rs. 23.35 Cr | Rs. 3.11 Cr | Rs. -3.85 Cr | -223.79 % | -116.49 % |
Net Profit | Rs. 19.03 Cr | Rs. -7.65 Cr | Rs. -12.34 Cr | -61.31 % | -164.84 % |
EPS in Rs | Rs. 1.41 | Rs. -0.56 | Rs. -0.91 | -62.5 % | -164.54 % |
In reviewing Indian Acrylics Ltd’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -53.19 % year-on-year, although there was a slight dip of -18.34 % from the previous quarter. Expenses decreased by -45.94 % compared to the previous year, with a decrease of -13.31 % quarter-on-quarter. Operating Profit dropped by -116.49 % annually, and saw a -223.79 % decrease from the last quarter.
Net Profit showed yearly decrease of -164.84 %, and experienced a -61.31 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -164.54 % annually, however dipped by -62.5 % compared to the last quarter. In essence, while Indian Acrylics Ltd faces strong annual decline indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.