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IRCON International : Q4 2024 Financial Quarterly Report : YoY Sales Down 1 %, QoQ Up 29.77 %

May 22, 2024May 22, 2024| adminadmin| 0 Comments| 11:15 am
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Highlights

  • Sales over the Year and quarter: The company’s sales declined by -1 % over the year, substantial increase in net sales/revenue by 29.77 %.
  • Income over the Year and quarter: There has been decline in other income over the past year which is -26.17 %, Marginal decrease of -16.45% in other income during this quarter.
  • Profit over the Year and quarter: Challenges in sustaining profitability for IRCON International Ltd. Profit dropped by -3.83 % Year to Year, IRCON International Ltd’s profitability increased by 0.8 % in this quarter.
  • EPS over the Year and quarter: EPS declined by -4.03 % Year to Year. EPS increased by 0.77 % in previous quarter. Positive impact on shareholders.

The comprehensive analytics outlining the performance and outlook of IRCON International 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. 3780.66 Cr Rs. 2884.22 Cr Rs. 3742.71 Cr + 29.77 % -1 %
Expenses Rs. 3597.51 Cr Rs. 2670.85 Cr Rs. 3456.42 Cr + 29.41 % -3.92 %
Operating Profit Rs. 183.15 Cr Rs. 213.37 Cr Rs. 286.29 Cr + 34.18 % + 56.31 %
OPM % 4.84 % 7.4 % 7.65 % + 0.25 % + 2.81 %
Other Income Rs. 186.47 Cr Rs. 164.77 Cr Rs. 137.67 Cr -16.45 % -26.17 %
Interest Rs. 33.22 Cr Rs. 37.24 Cr Rs. 40.92 Cr + 9.88 % + 23.18 %
Depreciation Rs. 35.69 Cr Rs. 27.11 Cr Rs. 27.11 Cr + 0 % -24.04 %
Profit before tax Rs. 300.71 Cr Rs. 313.79 Cr Rs. 355.93 Cr + 13.43 % + 18.36 %
Tax % 15.4 % 24.97 % 29.56 % + 4.59 % + 14.16 %
Net Profit Rs. 256.48 Cr Rs. 244.7 Cr Rs. 246.66 Cr + 0.8 % -3.83 %
EPS in Rs Rs. 2.73 Rs. 2.6 Rs. 2.62 + 0.77 % -4.03 %


Today, we’re looking at IRCON International Ltd’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -1 %. However, it did see a marginal increase of 29.77 % from the previous quarter. Expenses ticked up slightly by 29.41 % quarter-on-quarter, aligning with the annual decline of -3.92 %. Operating profit, while up 56.31 % compared to last year, faced a quarter-on-quarter increase of 34.18 %, 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 2.81 %, but an expansion of 0.25 % sequentially. Other income fell by -16.45 % compared to the last quarter, despite an annual decline of -26.17 %. Interest expenses surged remarkably by 9.88 % from the previous quarter, yet the year-over-year increase remains at a moderate 23.18 %. Depreciation costs climbed by 0 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -24.04 %. Profit before tax grew annually by 18.36 % but saw an increase from the preceding quarter by 13.43 %.
Tax expenses as a percentage of profits increased slightly by 14.16 % compared to last year, with a more notable quarter-on-quarter increase of 4.59 %. Net profit fell by -3.83 % year-on-year but experienced a 0.8 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -4.03 % but a quarterly rise of 0.77 %. In summary, IRCON International 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. 3780.66 Cr Rs. 2884.22 Cr Rs. 3742.71 Cr + 29.77 % -1 %
Expenses Rs. 3597.51 Cr Rs. 2670.85 Cr Rs. 3456.42 Cr + 29.41 % -3.92 %
Operating Profit Rs. 183.15 Cr Rs. 213.37 Cr Rs. 286.29 Cr + 34.18 % + 56.31 %
Net Profit Rs. 256.48 Cr Rs. 244.7 Cr Rs. 246.66 Cr + 0.8 % -3.83 %
EPS in Rs Rs. 2.73 Rs. 2.6 Rs. 2.62 + 0.77 % -4.03 %


In reviewing IRCON International Ltd’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -1 % year-on-year, however, there was a minor increase of 29.77 % from the previous quarter. Expenses decreased by -3.92 % compared to the previous year, with a 29.41 % increase quarter-on-quarter. Operating Profit surged by 56.31 % annually, and saw a 34.18 % increase from the last quarter.
Net Profit showed yearly decrease of -3.83 %, and experienced a 0.8 % increase from the previous quarter. Earnings Per Share (EPS) fell by -4.03 % annually, however rose by 0.77 % compared to the last quarter. In essence, while IRCON International Ltd 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.

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