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Highlights
- The presented financial data is Standalone to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company’s sales declined by -9.49 % over the year, substantial increase in net sales/revenue by 9.45 %.
- 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 8.59 %. Marginal decrease of -3.73% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Indo Borax & Chemicals Limited. Notable increase of 35.25 % in net profit Year to Year, Indo Borax & Chemicals Limited’s profitability increased by 22.73 % in this quarter.
- EPS over the Year and quarter: EPS increased by 35.42 % Year to Year. EPS increased by 22.73 % in previous quarter. Positive impact on shareholders.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 54.978 Cr | Rs. 45.465 Cr | Rs. 49.763 Cr | + 9.45 % | -9.49 % |
Expenses | Rs. 43.14 Cr | Rs. 33.9 Cr | Rs. 33.31 Cr | -1.74 % | -22.79 % |
Operating Profit | Rs. 11.84 Cr | Rs. 11.57 Cr | Rs. 16.45 Cr | + 42.18 % | + 38.94 % |
OPM % | 21.54 % | 25.45 % | 33.06 % | + 7.61 % | + 11.52 % |
Other Income | Rs. 2.805 Cr | Rs. 3.164 Cr | Rs. 3.046 Cr | -3.73 % | + 8.59 % |
Interest | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
Depreciation | Rs. 0.56 Cr | Rs. 0.59 Cr | Rs. 0.5 Cr | -15.25 % | -10.71 % |
Profit before tax | Rs. 14.09 Cr | Rs. 14.14 Cr | Rs. 19 Cr | + 34.37 % | + 34.85 % |
Tax % | 27.24 % | 20.14 % | 27.07 % | + 6.93 % | -0.17 % |
Net Profit | Rs. 10.25 Cr | Rs. 11.29 Cr | Rs. 13.86 Cr | + 22.76 % | + 35.22 % |
EPS in Rs | Rs. 3.19 | Rs. 3.52 | Rs. 4.32 | + 22.73 % | + 35.42 % |
Today, we’re looking at Indo Borax & Chemicals Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -9.49 %. However, it did see a marginal increase of 9.45 % from the previous quarter. Expenses decreased slightly by -1.74 % quarter-on-quarter, aligning with the annual decline of -22.79 %. Operating profit, while up 38.94 % compared to last year, faced a quarter-on-quarter increase of 42.18 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 11.52 %, but an expansion of 7.61 % sequentially. Other income fell by -3.73 % compared to the last quarter, despite an annual growth of 8.59 %. Depreciation costs fell by -15.25 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -10.71 %. Profit before tax grew annually by 34.85 % but saw an increase from the preceding quarter by 34.37 %.
Tax expenses as a percentage of profits decreased slightly by -0.17 % compared to last year, with a more notable quarter-on-quarter increase of 6.93 %. Net profit rose by 35.22 % year-on-year but experienced a 22.76 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 35.42 % but a quarterly rise of 22.73 %. In summary, Indo Borax & Chemicals 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. 54.978 Cr | Rs. 45.465 Cr | Rs. 49.763 Cr | + 9.45 % | -9.49 % |
Expenses | Rs. 43.14 Cr | Rs. 33.9 Cr | Rs. 33.31 Cr | -1.74 % | -22.79 % |
Operating Profit | Rs. 11.84 Cr | Rs. 11.57 Cr | Rs. 16.45 Cr | + 42.18 % | + 38.94 % |
Net Profit | Rs. 10.25 Cr | Rs. 11.29 Cr | Rs. 13.86 Cr | + 22.76 % | + 35.22 % |
EPS in Rs | Rs. 3.19 | Rs. 3.52 | Rs. 4.32 | + 22.73 % | + 35.42 % |
In reviewing Indo Borax & Chemicals Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -9.49 % year-on-year, however, there was a minor increase of 9.45 % from the previous quarter. Expenses decreased by -22.79 % compared to the previous year, with a decrease of -1.74 % quarter-on-quarter. Operating Profit surged by 38.94 % annually, and saw a 42.18 % increase from the last quarter.
Net Profit showed yearly increase of 35.22 %, and experienced a 22.76 % increase from the previous quarter. Earnings Per Share (EPS) rose by 35.42 % annually, however rose by 22.73 % compared to the last quarter. In essence, while Indo Borax & Chemicals 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.