Share the post "Indo Euro Indchem announces Q1 results: Profit Rises by 340% YoY"
Highlights
- The presented financial data is Standalone to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company experienced a substantial growth of 245.07 % in the past year, decrease in net sales/revenue by -33.43 %.
- 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 54.55 %. Marginal decrease of -41.13% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Indo Euro Indchem Limited. Notable increase of 305.66 % in net profit Year to Year, Indo Euro Indchem Limited’s profitability increased by 1164.71 % in this quarter.
- EPS over the Year and quarter: EPS increased by 300.00 % Year to Year. EPS increased by 1100 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 1.429 Cr | Rs. 7.407 Cr | Rs. 4.931 Cr | -33.43 % | + 245.07 % |
| Expenses | Rs. 1.43 Cr | Rs. 7.59 Cr | Rs. 4.76 Cr | -37.29 % | + 232.87 % |
| Operating Profit | Rs. -0 Cr | Rs. -0.18 Cr | Rs. 0.17 Cr | + 194.44 % | 0 % |
| OPM % | -0 % | -2.43 % | 3.45 % | + 5.88 % | + 3.45 % |
| Other Income | Rs. 0.088 Cr | Rs. 0.231 Cr | Rs. 0.136 Cr | -41.13 % | + 54.55 % |
| Interest | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Depreciation | Rs. 0.02 Cr | Rs. 0.01 Cr | Rs. 0.02 Cr | + 100 % | + 0 % |
| Profit before tax | Rs. 0.07 Cr | Rs. 0.04 Cr | Rs. 0.29 Cr | + 625 % | + 314.29 % |
| Tax % | 25.35 % | 51.43 % | 25.86 % | -25.57 % | + 0.51 % |
| Net Profit | Rs. 0.05 Cr | Rs. 0.02 Cr | Rs. 0.22 Cr | + 1000 % | + 340 % |
| EPS in Rs | Rs. 0.06 | Rs. 0.02 | Rs. 0.24 | + 1100 % | + 300 % |
Today, we’re looking at Indo Euro Indchem Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 245.07 %. However, it did see a marginal slip of -33.43 % from the previous quarter. Expenses decreased slightly by -37.29 % quarter-on-quarter, aligning with the annual rise of 232.87 %. faced a quarter-on-quarter increase of 194.44 %, 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 3.45 %, but an expansion of 5.88 % sequentially. Other income fell by -41.13 % compared to the last quarter, despite an annual growth of 54.55 %. Depreciation costs climbed by 100 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 0 %. Profit before tax grew annually by 314.29 % but saw an increase from the preceding quarter by 625 %.
Tax expenses as a percentage of profits increased slightly by 0.51 % compared to last year, with a more notable quarter-on-quarter decrease of -25.57 %. Net profit rose by 340 % year-on-year but experienced a 1000 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 300 % but a quarterly rise of 1100 %. In summary, Indo Euro Indchem 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. 1.429 Cr | Rs. 7.407 Cr | Rs. 4.931 Cr | -33.43 % | + 245.07 % |
| Expenses | Rs. 1.43 Cr | Rs. 7.59 Cr | Rs. 4.76 Cr | -37.29 % | + 232.87 % |
| Operating Profit | Rs. -0 Cr | Rs. -0.18 Cr | Rs. 0.17 Cr | + 194.44 % | 0 % |
| Net Profit | Rs. 0.05 Cr | Rs. 0.02 Cr | Rs. 0.22 Cr | + 1000 % | + 340 % |
| EPS in Rs | Rs. 0.06 | Rs. 0.02 | Rs. 0.24 | + 1100 % | + 300 % |
In reviewing Indo Euro Indchem Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 245.07 % year-on-year growth, although there was a slight dip of -33.43 % from the previous quarter. Expenses rose by 232.87 % compared to the previous year, with a decrease of -37.29 % quarter-on-quarter. and saw a 194.44 % increase from the last quarter.
Net Profit showed yearly increase of 340 %, and experienced a 1000 % increase from the previous quarter. Earnings Per Share (EPS) rose by 300 % annually, however rose by 1100 % compared to the last quarter. In essence, while Indo Euro Indchem 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.
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