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Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 2.74 % in the past year, decrease in net sales/revenue by -3.83 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -71.77 %, Marginal decrease of -66.67% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Indo Rama Synthetics (India) Limited. Profit dropped by -2598.77 % Year to Year, Indo Rama Synthetics (India) Limited’s profitability dropped by -59.12 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -2,683.33 % Year to Year. EPS decreased by -59.1 % 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. 880.01 Cr | Rs. 940.1 Cr | Rs. 904.14 Cr | -3.83 % | + 2.74 % |
| Expenses | Rs. 857.2 Cr | Rs. 996.6 Cr | Rs. 894.54 Cr | -10.24 % | + 4.36 % |
| Operating Profit | Rs. 22.81 Cr | Rs. -56.5 Cr | Rs. 9.6 Cr | + 116.99 % | -57.91 % |
| OPM % | 2.59 % | -6.01 % | 1.06 % | + 7.07 % | -1.53 % |
| Other Income | Rs. 5.03 Cr | Rs. 4.26 Cr | Rs. 1.42 Cr | -66.67 % | -71.77 % |
| Interest | Rs. 20.1 Cr | Rs. 36.65 Cr | Rs. 40.65 Cr | + 10.91 % | + 102.24 % |
| Depreciation | Rs. 7.63 Cr | Rs. 10.12 Cr | Rs. 10.85 Cr | + 7.21 % | + 42.2 % |
| Profit before tax | Rs. 0.11 Cr | Rs. -99.01 Cr | Rs. -40.48 Cr | + 59.12 % | -36900 % |
| Tax % | 1372.73 % | -0 % | -0 % | 0 % | -1372.73 % |
| Net Profit | Rs. 1.62 Cr | Rs. -99.01 Cr | Rs. -40.48 Cr | + 59.12 % | -2598.77 % |
| EPS in Rs | Rs. 0.06 | Rs. -3.79 | Rs. -1.55 | + 59.1 % | -2683.33 % |
Today, we’re looking at Indo Rama Synthetics (India) 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 2.74 %. However, it did see a marginal slip of -3.83 % from the previous quarter. Expenses decreased slightly by -10.24 % quarter-on-quarter, aligning with the annual rise of 4.36 %. Operating profit, while down -57.91 % compared to last year, faced a quarter-on-quarter increase of 116.99 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -1.53 %, but an expansion of 7.07 % sequentially. Other income fell by -66.67 % compared to the last quarter, despite an annual decline of -71.77 %. Interest expenses surged remarkably by 10.91 % from the previous quarter, yet the year-over-year increase remains at a moderate 102.24 %. Depreciation costs climbed by 7.21 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 42.2 %. Profit before tax declined annually by -36900 % but saw an increase from the preceding quarter by 59.12 %.
Tax expenses as a percentage of profits decreased slightly by -1372.73 % compared to last year, Net profit fell by -2598.77 % year-on-year but experienced a 59.12 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -2683.33 % but a quarterly rise of 59.1 %. In summary, Indo Rama Synthetics (India) 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. 880.01 Cr | Rs. 940.1 Cr | Rs. 904.14 Cr | -3.83 % | + 2.74 % |
| Expenses | Rs. 857.2 Cr | Rs. 996.6 Cr | Rs. 894.54 Cr | -10.24 % | + 4.36 % |
| Operating Profit | Rs. 22.81 Cr | Rs. -56.5 Cr | Rs. 9.6 Cr | + 116.99 % | -57.91 % |
| Net Profit | Rs. 1.62 Cr | Rs. -99.01 Cr | Rs. -40.48 Cr | + 59.12 % | -2598.77 % |
| EPS in Rs | Rs. 0.06 | Rs. -3.79 | Rs. -1.55 | + 59.1 % | -2683.33 % |
In reviewing Indo Rama Synthetics (India) Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 2.74 % year-on-year growth, although there was a slight dip of -3.83 % from the previous quarter. Expenses rose by 4.36 % compared to the previous year, with a decrease of -10.24 % quarter-on-quarter. Operating Profit dropped by -57.91 % annually, and saw a 116.99 % increase from the last quarter.
Net Profit showed yearly decrease of -2598.77 %, and experienced a 59.12 % increase from the previous quarter. Earnings Per Share (EPS) fell by -2683.33 % annually, however rose by 59.1 % compared to the last quarter. In essence, while Indo Rama Synthetics (India) Limited faces strong annual decline 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.
