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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’s sales declined by -11.18 % over the year, substantial increase in net sales/revenue by 3.27 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -85.2 %, Marginal decrease of -57.22% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Investment & Precision Castings Ltd. Profit dropped by -30.78 % Year to Year, Investment & Precision Castings Ltd’s profitability increased by 224.14 % in this quarter.
- EPS over the Year and quarter: EPS declined by -30.83 % Year to Year. EPS increased by 224.46 % in previous quarter. Positive impact on shareholders.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 46.221 Cr | Rs. 39.756 Cr | Rs. 41.055 Cr | + 3.27 % | -11.18 % |
Expenses | Rs. 38.59 Cr | Rs. 34.55 Cr | Rs. 34.21 Cr | -0.98 % | -11.35 % |
Operating Profit | Rs. 7.63 Cr | Rs. 5.21 Cr | Rs. 6.85 Cr | + 31.48 % | -10.22 % |
OPM % | 16.51 % | 13.1 % | 16.68 % | + 3.58 % | + 0.17 % |
Other Income | Rs. 0.561 Cr | Rs. 0.194 Cr | Rs. 0.083 Cr | -57.22 % | -85.2 % |
Interest | Rs. 1.79 Cr | Rs. 2.07 Cr | Rs. 1.71 Cr | -17.39 % | -4.47 % |
Depreciation | Rs. 1.86 Cr | Rs. 2 Cr | Rs. 2 Cr | + 0 % | + 7.53 % |
Profit before tax | Rs. 4.54 Cr | Rs. 1.33 Cr | Rs. 3.22 Cr | + 142.11 % | -29.07 % |
Tax % | 28.36 % | 47.79 % | 29.94 % | -17.85 % | + 1.58 % |
Net Profit | Rs. 3.26 Cr | Rs. 0.7 Cr | Rs. 2.26 Cr | + 222.86 % | -30.67 % |
EPS in Rs | Rs. 6.52 | Rs. 1.39 | Rs. 4.51 | + 224.46 % | -30.83 % |
Today, we’re looking at Investment & Precision Castings Ltd’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -11.18 %. However, it did see a marginal increase of 3.27 % from the previous quarter. Expenses decreased slightly by -0.98 % quarter-on-quarter, aligning with the annual decline of -11.35 %. Operating profit, while down -10.22 % compared to last year, faced a quarter-on-quarter increase of 31.48 %, 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 0.17 %, but an expansion of 3.58 % sequentially. Other income fell by -57.22 % compared to the last quarter, despite an annual decline of -85.2 %. Interest expenses dropped significantly by -17.39 % from the previous quarter, yet the year-over-year decrease remains at a moderate -4.47 %. Depreciation costs climbed by 0 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 7.53 %. Profit before tax declined annually by -29.07 % but saw an increase from the preceding quarter by 142.11 %.
Tax expenses as a percentage of profits increased slightly by 1.58 % compared to last year, with a more notable quarter-on-quarter decrease of -17.85 %. Net profit fell by -30.67 % year-on-year but experienced a 222.86 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -30.83 % but a quarterly rise of 224.46 %. In summary, Investment & Precision Castings 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. 46.221 Cr | Rs. 39.756 Cr | Rs. 41.055 Cr | + 3.27 % | -11.18 % |
Expenses | Rs. 38.59 Cr | Rs. 34.55 Cr | Rs. 34.21 Cr | -0.98 % | -11.35 % |
Operating Profit | Rs. 7.63 Cr | Rs. 5.21 Cr | Rs. 6.85 Cr | + 31.48 % | -10.22 % |
Net Profit | Rs. 3.26 Cr | Rs. 0.7 Cr | Rs. 2.26 Cr | + 222.86 % | -30.67 % |
EPS in Rs | Rs. 6.52 | Rs. 1.39 | Rs. 4.51 | + 224.46 % | -30.83 % |
In reviewing Investment & Precision Castings Ltd’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -11.18 % year-on-year, however, there was a minor increase of 3.27 % from the previous quarter. Expenses decreased by -11.35 % compared to the previous year, with a decrease of -0.98 % quarter-on-quarter. Operating Profit dropped by -10.22 % annually, and saw a 31.48 % increase from the last quarter.
Net Profit showed yearly decrease of -30.67 %, and experienced a 222.86 % increase from the previous quarter. Earnings Per Share (EPS) fell by -30.83 % annually, however rose by 224.46 % compared to the last quarter. In essence, while Investment & Precision Castings Ltd 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.