Share the post "International Conveyors announced Financial Results Q1 2024-25"
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 -30.5 % over the year, decrease in net sales/revenue by -8.69 %.
- 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 193.01 %. Marginal increase in other income during this quarter, up by 476.43%.
- Profit over the Year and quarter: Significant improvement in profitability for International Conveyors Limited. Notable increase of 115.13 % in net profit Year to Year, International Conveyors Limited’s profitability increased by 403.69 % in this quarter.
- EPS over the Year and quarter: EPS increased by 117.54 % Year to Year. EPS increased by 406.12 % in previous quarter. Positive impact on shareholders.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 41.9 Cr | Rs. 31.89 Cr | Rs. 29.12 Cr | -8.69 % | -30.5 % |
Expenses | Rs. 35.38 Cr | Rs. 28.82 Cr | Rs. 23.76 Cr | -17.56 % | -32.84 % |
Operating Profit | Rs. 6.52 Cr | Rs. 3.07 Cr | Rs. 5.36 Cr | + 74.59 % | -17.79 % |
OPM % | 15.56 % | 9.63 % | 18.41 % | + 8.78 % | + 2.85 % |
Other Income | Rs. 14.44 Cr | Rs. 7.34 Cr | Rs. 42.31 Cr | + 476.43 % | + 193.01 % |
Interest | Rs. 2.3 Cr | Rs. 2.12 Cr | Rs. 2.85 Cr | + 34.43 % | + 23.91 % |
Depreciation | Rs. 0.46 Cr | Rs. 0.51 Cr | Rs. 0.43 Cr | -15.69 % | -6.52 % |
Profit before tax | Rs. 18.2 Cr | Rs. 7.78 Cr | Rs. 44.39 Cr | + 470.57 % | + 143.9 % |
Tax % | 19.73 % | 19.79 % | 29.2 % | + 9.41 % | + 9.47 % |
Net Profit | Rs. 14.61 Cr | Rs. 6.24 Cr | Rs. 31.43 Cr | + 403.69 % | + 115.13 % |
EPS in Rs | Rs. 2.28 | Rs. 0.98 | Rs. 4.96 | + 406.12 % | + 117.54 % |
Today, we’re looking at International Conveyors 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 -30.5 %. However, it did see a marginal slip of -8.69 % from the previous quarter. Expenses decreased slightly by -17.56 % quarter-on-quarter, aligning with the annual decline of -32.84 %. Operating profit, while down -17.79 % compared to last year, faced a quarter-on-quarter increase of 74.59 %, 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 2.85 %, but an expansion of 8.78 % sequentially. Other income rose by 476.43 % compared to the last quarter, despite an annual growth of 193.01 %. Interest expenses surged remarkably by 34.43 % from the previous quarter, yet the year-over-year increase remains at a moderate 23.91 %. Depreciation costs fell by -15.69 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -6.52 %. Profit before tax grew annually by 143.9 % but saw an increase from the preceding quarter by 470.57 %.
Tax expenses as a percentage of profits increased slightly by 9.47 % compared to last year, with a more notable quarter-on-quarter increase of 9.41 %. Net profit rose by 115.13 % year-on-year but experienced a 403.69 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 117.54 % but a quarterly rise of 406.12 %. In summary, International Conveyors 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. 41.9 Cr | Rs. 31.89 Cr | Rs. 29.12 Cr | -8.69 % | -30.5 % |
Expenses | Rs. 35.38 Cr | Rs. 28.82 Cr | Rs. 23.76 Cr | -17.56 % | -32.84 % |
Operating Profit | Rs. 6.52 Cr | Rs. 3.07 Cr | Rs. 5.36 Cr | + 74.59 % | -17.79 % |
Net Profit | Rs. 14.61 Cr | Rs. 6.24 Cr | Rs. 31.43 Cr | + 403.69 % | + 115.13 % |
EPS in Rs | Rs. 2.28 | Rs. 0.98 | Rs. 4.96 | + 406.12 % | + 117.54 % |
In reviewing International Conveyors Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -30.5 % year-on-year, although there was a slight dip of -8.69 % from the previous quarter. Expenses decreased by -32.84 % compared to the previous year, with a decrease of -17.56 % quarter-on-quarter. Operating Profit dropped by -17.79 % annually, and saw a 74.59 % increase from the last quarter.
Net Profit showed yearly increase of 115.13 %, and experienced a 403.69 % increase from the previous quarter. Earnings Per Share (EPS) rose by 117.54 % annually, however rose by 406.12 % compared to the last quarter. In essence, while International Conveyors 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.