Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 10 % in the past year, substantial increase in net sales/revenue by 2.23 %.
- 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 127.65 %. Marginal increase in other income during this quarter, up by 12.31%.
- Profit over the Year and quarter: Challenges in sustaining profitability for Indian Metals & Ferro Alloys Limited. Profit dropped by -0.94 % Year to Year, Indian Metals & Ferro Alloys Limited’s profitability dropped by -41.65 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 34.71 % Year to Year. EPS decreased by -20.65 % 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. 636.9 Cr | Rs. 685.27 Cr | Rs. 700.56 Cr | + 2.23 % | + 10 % |
| Expenses | Rs. 497.98 Cr | Rs. 526.32 Cr | Rs. 595.73 Cr | + 13.19 % | + 19.63 % |
| Operating Profit | Rs. 138.92 Cr | Rs. 158.95 Cr | Rs. 104.83 Cr | -34.05 % | -24.54 % |
| OPM % | 21.81 % | 23.2 % | 14.96 % | -8.24 % | -6.85 % |
| Other Income | Rs. 4.81 Cr | Rs. 9.75 Cr | Rs. 10.95 Cr | + 12.31 % | + 127.65 % |
| Interest | Rs. 9.08 Cr | Rs. 8.4 Cr | Rs. 5.23 Cr | -37.74 % | -42.4 % |
| Depreciation | Rs. 29.03 Cr | Rs. 14.72 Cr | Rs. 12.61 Cr | -14.33 % | -56.56 % |
| Profit before tax | Rs. 105.62 Cr | Rs. 145.58 Cr | Rs. 97.94 Cr | -32.72 % | -7.27 % |
| Tax % | 35.46 % | 25.16 % | 35.09 % | + 9.93 % | -0.37 % |
| Net Profit | Rs. 64.17 Cr | Rs. 108.95 Cr | Rs. 63.57 Cr | -41.65 % | -0.94 % |
| EPS in Rs | Rs. 11.87 | Rs. 20.15 | Rs. 15.99 | -20.65 % | + 34.71 % |
Today, we’re looking at Indian Metals & Ferro Alloys 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 10 %. However, it did see a marginal increase of 2.23 % from the previous quarter. Expenses ticked up slightly by 13.19 % quarter-on-quarter, aligning with the annual rise of 19.63 %. Operating profit, while down -24.54 % compared to last year, faced a quarter-on-quarter dip of -34.05 %, 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 -6.85 %, but a shrinkage of -8.24 % sequentially. Other income rose by 12.31 % compared to the last quarter, despite an annual growth of 127.65 %. Interest expenses dropped significantly by -37.74 % from the previous quarter, yet the year-over-year decrease remains at a moderate -42.4 %. Depreciation costs fell by -14.33 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -56.56 %. Profit before tax declined annually by -7.27 % but saw a reduction from the preceding quarter by -32.72 %.
Tax expenses as a percentage of profits decreased slightly by -0.37 % compared to last year, with a more notable quarter-on-quarter increase of 9.93 %. Net profit fell by -0.94 % year-on-year but witnessed a -41.65 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 34.71 % but a quarterly fall of -20.65 %. In summary, Indian Metals & Ferro Alloys 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. 636.9 Cr | Rs. 685.27 Cr | Rs. 700.56 Cr | + 2.23 % | + 10 % |
| Expenses | Rs. 497.98 Cr | Rs. 526.32 Cr | Rs. 595.73 Cr | + 13.19 % | + 19.63 % |
| Operating Profit | Rs. 138.92 Cr | Rs. 158.95 Cr | Rs. 104.83 Cr | -34.05 % | -24.54 % |
| Net Profit | Rs. 64.17 Cr | Rs. 108.95 Cr | Rs. 63.57 Cr | -41.65 % | -0.94 % |
| EPS in Rs | Rs. 11.87 | Rs. 20.15 | Rs. 15.99 | -20.65 % | + 34.71 % |
In reviewing Indian Metals & Ferro Alloys Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 10 % year-on-year growth, however, there was a minor increase of 2.23 % from the previous quarter. Expenses rose by 19.63 % compared to the previous year, with a 13.19 % increase quarter-on-quarter. Operating Profit dropped by -24.54 % annually, and saw a -34.05 % decrease from the last quarter.
Net Profit showed yearly decrease of -0.94 %, and experienced a -41.65 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 34.71 % annually, however dipped by -20.65 % compared to the last quarter. In essence, while Indian Metals & Ferro Alloys 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.
