Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 19.66 % in the past year, substantial increase in net sales/revenue by 3.26 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -16.88 %, Marginal decrease of -28.36% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Indian Railway Catering & Tourism Corporation Ltd. Notable increase of 2 % in net profit Year to Year, Indian Railway Catering & Tourism Corporation Ltd’s profitability dropped by -5.21 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 2.01 % Year to Year. EPS decreased by -5.33 % 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. 965.016 Cr | Rs. 1118.302 Cr | Rs. 1154.773 Cr | + 3.26 % | + 19.66 % |
| Expenses | Rs. 640.41 Cr | Rs. 724.34 Cr | Rs. 792.09 Cr | + 9.35 % | + 23.68 % |
| Operating Profit | Rs. 324.61 Cr | Rs. 393.96 Cr | Rs. 362.68 Cr | -7.94 % | + 11.73 % |
| OPM % | 33.64 % | 35.23 % | 31.41 % | -3.82 % | -2.23 % |
| Other Income | Rs. 39.27 Cr | Rs. 45.56 Cr | Rs. 32.64 Cr | -28.36 % | -16.88 % |
| Interest | Rs. 3.9 Cr | Rs. 4.75 Cr | Rs. 5.35 Cr | + 12.63 % | + 37.18 % |
| Depreciation | Rs. 11.22 Cr | Rs. 13.9 Cr | Rs. 15.62 Cr | + 12.37 % | + 39.22 % |
| Profit before tax | Rs. 348.76 Cr | Rs. 420.87 Cr | Rs. 374.35 Cr | -11.05 % | + 7.34 % |
| Tax % | 25.58 % | 26.17 % | 25.6 % | -0.57 % | + 0.02 % |
| Net Profit | Rs. 278.8 Cr | Rs. 300 Cr | Rs. 284.37 Cr | -5.21 % | + 2 % |
| EPS in Rs | Rs. 3.48 | Rs. 3.75 | Rs. 3.55 | -5.33 % | + 2.01 % |
Today, we’re looking at Indian Railway Catering & Tourism Corporation Ltd’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 19.66 %. However, it did see a marginal increase of 3.26 % from the previous quarter. Expenses ticked up slightly by 9.35 % quarter-on-quarter, aligning with the annual rise of 23.68 %. Operating profit, while up 11.73 % compared to last year, faced a quarter-on-quarter dip of -7.94 %, 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 -2.23 %, but a shrinkage of -3.82 % sequentially. Other income fell by -28.36 % compared to the last quarter, despite an annual decline of -16.88 %. Interest expenses surged remarkably by 12.63 % from the previous quarter, yet the year-over-year increase remains at a moderate 37.18 %. Depreciation costs climbed by 12.37 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 39.22 %. Profit before tax grew annually by 7.34 % but saw a reduction from the preceding quarter by -11.05 %.
Tax expenses as a percentage of profits increased slightly by 0.02 % compared to last year, with a more notable quarter-on-quarter decrease of -0.57 %. Net profit rose by 2 % year-on-year but witnessed a -5.21 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 2.01 % but a quarterly fall of -5.33 %. In summary, Indian Railway Catering & Tourism Corporation 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. 965.016 Cr | Rs. 1118.302 Cr | Rs. 1154.773 Cr | + 3.26 % | + 19.66 % |
| Expenses | Rs. 640.41 Cr | Rs. 724.34 Cr | Rs. 792.09 Cr | + 9.35 % | + 23.68 % |
| Operating Profit | Rs. 324.61 Cr | Rs. 393.96 Cr | Rs. 362.68 Cr | -7.94 % | + 11.73 % |
| Net Profit | Rs. 278.8 Cr | Rs. 300 Cr | Rs. 284.37 Cr | -5.21 % | + 2 % |
| EPS in Rs | Rs. 3.48 | Rs. 3.75 | Rs. 3.55 | -5.33 % | + 2.01 % |
In reviewing Indian Railway Catering & Tourism Corporation Ltd’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 19.66 % year-on-year growth, however, there was a minor increase of 3.26 % from the previous quarter. Expenses rose by 23.68 % compared to the previous year, with a 9.35 % increase quarter-on-quarter. Operating Profit surged by 11.73 % annually, and saw a -7.94 % decrease from the last quarter.
Net Profit showed yearly increase of 2 %, and experienced a -5.21 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 2.01 % annually, however dipped by -5.33 % compared to the last quarter. In essence, while Indian Railway Catering & Tourism Corporation Ltd 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.
