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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 26.97 % in the past year, decrease in net sales/revenue by -13.89 %.
- 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 62.32 %. Marginal increase in other income during this quarter, up by 3472.38%.
- Profit over the Year and quarter: Significant improvement in profitability for Indo Count Industries Ltd. Notable increase of 5.5 % in net profit Year to Year, Indo Count Industries Ltd’s profitability dropped by -15.38 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 5.65 % Year to Year. EPS decreased by -15.3 % 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. 741.43 Cr | Rs. 1093.259 Cr | Rs. 941.428 Cr | -13.89 % | + 26.97 % |
Expenses | Rs. 616.47 Cr | Rs. 927.96 Cr | Rs. 796.35 Cr | -14.18 % | + 29.18 % |
Operating Profit | Rs. 124.96 Cr | Rs. 165.3 Cr | Rs. 145.08 Cr | -12.23 % | + 16.1 % |
OPM % | 16.85 % | 15.12 % | 15.41 % | + 0.29 % | -1.44 % |
Other Income | Rs. 5.26 Cr | Rs. 0.239 Cr | Rs. 8.538 Cr | + 3472.38 % | + 62.32 % |
Interest | Rs. 14.52 Cr | Rs. 19.65 Cr | Rs. 21 Cr | + 6.87 % | + 44.63 % |
Depreciation | Rs. 18.7 Cr | Rs. 22.03 Cr | Rs. 25.01 Cr | + 13.53 % | + 33.74 % |
Profit before tax | Rs. 97 Cr | Rs. 123.86 Cr | Rs. 107.61 Cr | -13.12 % | + 10.94 % |
Tax % | 23.98 % | 25.77 % | 27.71 % | + 1.94 % | + 3.73 % |
Net Profit | Rs. 73.74 Cr | Rs. 91.94 Cr | Rs. 77.8 Cr | -15.38 % | + 5.51 % |
EPS in Rs | Rs. 3.72 | Rs. 4.64 | Rs. 3.93 | -15.3 % | + 5.65 % |
Today, we’re looking at Indo Count Industries Ltd’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 26.97 %. However, it did see a marginal slip of -13.89 % from the previous quarter. Expenses decreased slightly by -14.18 % quarter-on-quarter, aligning with the annual rise of 29.18 %. Operating profit, while up 16.1 % compared to last year, faced a quarter-on-quarter dip of -12.23 %, 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 -1.44 %, but an expansion of 0.29 % sequentially. Other income rose by 3472.38 % compared to the last quarter, despite an annual growth of 62.32 %. Interest expenses surged remarkably by 6.87 % from the previous quarter, yet the year-over-year increase remains at a moderate 44.63 %. Depreciation costs climbed by 13.53 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 33.74 %. Profit before tax grew annually by 10.94 % but saw a reduction from the preceding quarter by -13.12 %.
Tax expenses as a percentage of profits increased slightly by 3.73 % compared to last year, with a more notable quarter-on-quarter increase of 1.94 %. Net profit rose by 5.51 % year-on-year but witnessed a -15.38 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 5.65 % but a quarterly fall of -15.3 %. In summary, Indo Count Industries 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. 741.43 Cr | Rs. 1093.259 Cr | Rs. 941.428 Cr | -13.89 % | + 26.97 % |
Expenses | Rs. 616.47 Cr | Rs. 927.96 Cr | Rs. 796.35 Cr | -14.18 % | + 29.18 % |
Operating Profit | Rs. 124.96 Cr | Rs. 165.3 Cr | Rs. 145.08 Cr | -12.23 % | + 16.1 % |
Net Profit | Rs. 73.74 Cr | Rs. 91.94 Cr | Rs. 77.8 Cr | -15.38 % | + 5.51 % |
EPS in Rs | Rs. 3.72 | Rs. 4.64 | Rs. 3.93 | -15.3 % | + 5.65 % |
In reviewing Indo Count Industries Ltd’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 26.97 % year-on-year growth, although there was a slight dip of -13.89 % from the previous quarter. Expenses rose by 29.18 % compared to the previous year, with a decrease of -14.18 % quarter-on-quarter. Operating Profit surged by 16.1 % annually, and saw a -12.23 % decrease from the last quarter.
Net Profit showed yearly increase of 5.51 %, and experienced a -15.38 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 5.65 % annually, however dipped by -15.3 % compared to the last quarter. In essence, while Indo Count Industries 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.