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Ion Exchange (India) : Q4 2024 Financial Quarterly Report : YoY Sales Up 20.75 %, QoQ Up 41.16 %

June 1, 2024June 1, 2024| adminadmin| 0 Comments| 12:25 pm
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Highlights

  • Sales over the Year and quarter: The company experienced a substantial growth of 20.75 % in the past year, substantial increase in net sales/revenue by 41.16 %.
  • 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 196.61 %. Marginal increase in other income during this quarter, up by 76.27%.
  • Profit over the Year and quarter: Challenges in sustaining profitability for Ion Exchange (India) Ltd. Profit dropped by -10.76 % Year to Year, Ion Exchange (India) Ltd’s profitability increased by 53.37 % in this quarter.
  • EPS over the Year and quarter: EPS declined by -91.09 % Year to Year. EPS increased by 53.5 % in previous quarter. Positive impact on shareholders.

The comprehensive analytics outlining the performance and outlook of Ion Exchange (India) Ltd”s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

Metrics Previous Year Previous Quarter Current Quarter Quarter to Quarter Difference Year to Year Difference
Sales Rs. 647.48 Cr Rs. 553.85 Cr Rs. 781.81 Cr + 41.16 % + 20.75 %
Expenses Rs. 541.11 Cr Rs. 483.27 Cr Rs. 689.61 Cr + 42.7 % + 27.44 %
Operating Profit Rs. 106.37 Cr Rs. 70.58 Cr Rs. 92.2 Cr + 30.63 % -13.32 %
OPM % 16.43 % 12.74 % 11.79 % -0.95 % -4.64 %
Other Income Rs. 5.61 Cr Rs. 9.44 Cr Rs. 16.64 Cr + 76.27 % + 196.61 %
Interest Rs. 2.31 Cr Rs. 3.22 Cr Rs. 3.23 Cr + 0.31 % + 39.83 %
Depreciation Rs. 7.36 Cr Rs. 9.62 Cr Rs. 10.42 Cr + 8.32 % + 41.58 %
Profit before tax Rs. 102.31 Cr Rs. 67.18 Cr Rs. 95.19 Cr + 41.69 % -6.96 %
Tax % 20.67 % 29.96 % 23.84 % -6.12 % + 3.17 %
Net Profit Rs. 81.19 Cr Rs. 47.24 Cr Rs. 72.45 Cr + 53.37 % -10.76 %
EPS in Rs Rs. 68.9 Rs. 4 Rs. 6.14 + 53.5 % -91.09 %


Today, we’re looking at Ion Exchange (India) Ltd’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 20.75 %. However, it did see a marginal increase of 41.16 % from the previous quarter. Expenses ticked up slightly by 42.7 % quarter-on-quarter, aligning with the annual rise of 27.44 %. Operating profit, while down -13.32 % compared to last year, faced a quarter-on-quarter increase of 30.63 %, 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 -4.64 %, but a shrinkage of -0.95 % sequentially. Other income rose by 76.27 % compared to the last quarter, despite an annual growth of 196.61 %. Interest expenses surged remarkably by 0.31 % from the previous quarter, yet the year-over-year increase remains at a moderate 39.83 %. Depreciation costs climbed by 8.32 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 41.58 %. Profit before tax declined annually by -6.96 % but saw an increase from the preceding quarter by 41.69 %.
Tax expenses as a percentage of profits increased slightly by 3.17 % compared to last year, with a more notable quarter-on-quarter decrease of -6.12 %. Net profit fell by -10.76 % year-on-year but experienced a 53.37 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -91.09 % but a quarterly rise of 53.5 %. In summary, Ion Exchange (India) 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. 647.48 Cr Rs. 553.85 Cr Rs. 781.81 Cr + 41.16 % + 20.75 %
Expenses Rs. 541.11 Cr Rs. 483.27 Cr Rs. 689.61 Cr + 42.7 % + 27.44 %
Operating Profit Rs. 106.37 Cr Rs. 70.58 Cr Rs. 92.2 Cr + 30.63 % -13.32 %
Net Profit Rs. 81.19 Cr Rs. 47.24 Cr Rs. 72.45 Cr + 53.37 % -10.76 %
EPS in Rs Rs. 68.9 Rs. 4 Rs. 6.14 + 53.5 % -91.09 %


In reviewing Ion Exchange (India) Ltd’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 20.75 % year-on-year growth, however, there was a minor increase of 41.16 % from the previous quarter. Expenses rose by 27.44 % compared to the previous year, with a 42.7 % increase quarter-on-quarter. Operating Profit dropped by -13.32 % annually, and saw a 30.63 % increase from the last quarter.
Net Profit showed yearly decrease of -10.76 %, and experienced a 53.37 % increase from the previous quarter. Earnings Per Share (EPS) fell by -91.09 % annually, however rose by 53.5 % compared to the last quarter. In essence, while Ion Exchange (India) 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.

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