Highlights
- Sales over the Year and quarter: The company’s sales declined by -10.86 % over the year, decrease in net sales/revenue by -12.56 %.
- 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 111.85 %. Marginal increase in other income during this quarter, up by 2109.15%.
- Profit over the Year and quarter: Challenges in sustaining profitability for INOX GREEN ENERGY SERVICES LIMITED. Profit dropped by -1379.5 % Year to Year, INOX GREEN ENERGY SERVICES LIMITED’s profitability dropped by -1625.93 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -771.43 % Year to Year. EPS decreased by -1275 % 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. 58.82 Cr | Rs. 59.96 Cr | Rs. 52.43 Cr | -12.56 % | -10.86 % |
| Expenses | Rs. 50.25 Cr | Rs. 40.14 Cr | Rs. 40.89 Cr | + 1.87 % | -18.63 % |
| Operating Profit | Rs. 8.57 Cr | Rs. 19.82 Cr | Rs. 11.54 Cr | -41.78 % | + 34.66 % |
| OPM % | 14.57 % | 33.06 % | 22.01 % | -11.05 % | + 7.44 % |
| Other Income | Rs. 14.51 Cr | Rs. -1.53 Cr | Rs. 30.74 Cr | + 2109.15 % | + 111.85 % |
| Interest | Rs. 12.51 Cr | Rs. 4.85 Cr | Rs. 9.32 Cr | + 92.16 % | -25.5 % |
| Depreciation | Rs. 16.64 Cr | Rs. 13.28 Cr | Rs. 13.16 Cr | -0.9 % | -20.91 % |
| Profit before tax | Rs. -6.07 Cr | Rs. 0.16 Cr | Rs. 19.8 Cr | + 12275 % | + 426.19 % |
| Tax % | -73.48 % | 66.52 % | 3.86 % | -62.66 % | + 77.34 % |
| Net Profit | Rs. -1.61 Cr | Rs. -1.35 Cr | Rs. 20.6 Cr | + 1625.93 % | + 1379.5 % |
| EPS in Rs | Rs. -0.07 | Rs. -0.04 | Rs. 0.47 | + 1275 % | + 771.43 % |
Today, we’re looking at INOX GREEN ENERGY SERVICES LIMITED’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -10.86 %. However, it did see a marginal slip of -12.56 % from the previous quarter. Expenses ticked up slightly by 1.87 % quarter-on-quarter, aligning with the annual decline of -18.63 %. Operating profit, while up 34.66 % compared to last year, faced a quarter-on-quarter dip of -41.78 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 7.44 %, but a shrinkage of -11.05 % sequentially. Other income rose by 2109.15 % compared to the last quarter, despite an annual growth of 111.85 %. Interest expenses surged remarkably by 92.16 % from the previous quarter, yet the year-over-year decrease remains at a moderate -25.5 %. Depreciation costs fell by -0.9 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -20.91 %. Profit before tax grew annually by 426.19 % but saw an increase from the preceding quarter by 12275 %.
Tax expenses as a percentage of profits increased slightly by 77.34 % compared to last year, with a more notable quarter-on-quarter decrease of -62.66 %. Net profit rose by 1379.5 % year-on-year but experienced a 1625.93 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 771.43 % but a quarterly rise of 1275 %. In summary, INOX GREEN ENERGY SERVICES 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. 58.82 Cr | Rs. 59.96 Cr | Rs. 52.43 Cr | -12.56 % | -10.86 % |
| Expenses | Rs. 50.25 Cr | Rs. 40.14 Cr | Rs. 40.89 Cr | + 1.87 % | -18.63 % |
| Operating Profit | Rs. 8.57 Cr | Rs. 19.82 Cr | Rs. 11.54 Cr | -41.78 % | + 34.66 % |
| Net Profit | Rs. -1.61 Cr | Rs. -1.35 Cr | Rs. 20.6 Cr | + 1625.93 % | + 1379.5 % |
| EPS in Rs | Rs. -0.07 | Rs. -0.04 | Rs. 0.47 | + 1275 % | + 771.43 % |
In reviewing INOX GREEN ENERGY SERVICES LIMITED’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -10.86 % year-on-year, although there was a slight dip of -12.56 % from the previous quarter. Expenses decreased by -18.63 % compared to the previous year, with a 1.87 % increase quarter-on-quarter. Operating Profit surged by 34.66 % annually, and saw a -41.78 % decrease from the last quarter.
Net Profit showed yearly increase of 1379.5 %, and experienced a 1625.93 % increase from the previous quarter. Earnings Per Share (EPS) rose by 771.43 % annually, however rose by 1275 % compared to the last quarter. In essence, while INOX GREEN ENERGY SERVICES 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.
