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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 experienced a substantial growth of 0.84 % in the past year, decrease in net sales/revenue by -0.6 %.
- 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 70.35 %. Marginal increase in other income during this quarter, up by 213.63%.
- Profit over the Year and quarter: Significant improvement in profitability for IST Limited. Notable increase of 42.82 % in net profit Year to Year, IST Limited’s profitability increased by 114.2 % in this quarter.
- EPS over the Year and quarter: EPS increased by 42.83 % Year to Year. EPS increased by 114.21 % in previous quarter. Positive impact on shareholders.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 28.541 Cr | Rs. 28.954 Cr | Rs. 28.78 Cr | -0.6 % | + 0.84 % |
Expenses | Rs. 5.83 Cr | Rs. 8.51 Cr | Rs. 5.85 Cr | -31.26 % | + 0.34 % |
Operating Profit | Rs. 22.71 Cr | Rs. 20.44 Cr | Rs. 22.93 Cr | + 12.18 % | + 0.97 % |
OPM % | 79.57 % | 70.59 % | 79.67 % | + 9.08 % | + 0.1 % |
Other Income | Rs. 29.138 Cr | Rs. 15.827 Cr | Rs. 49.638 Cr | + 213.63 % | + 70.35 % |
Interest | Rs. 0.78 Cr | Rs. 0.8 Cr | Rs. 2.52 Cr | + 215 % | + 223.08 % |
Depreciation | Rs. 1.24 Cr | Rs. 1.49 Cr | Rs. 1.26 Cr | -15.44 % | + 1.61 % |
Profit before tax | Rs. 49.83 Cr | Rs. 33.98 Cr | Rs. 68.79 Cr | + 102.44 % | + 38.05 % |
Tax % | 25.94 % | 27.63 % | 23.31 % | -4.32 % | -2.63 % |
Net Profit | Rs. 36.93 Cr | Rs. 24.62 Cr | Rs. 52.74 Cr | + 114.22 % | + 42.81 % |
EPS in Rs | Rs. 31.66 | Rs. 21.11 | Rs. 45.22 | + 114.21 % | + 42.83 % |
Today, we’re looking at IST Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 0.84 %. However, it did see a marginal slip of -0.6 % from the previous quarter. Expenses decreased slightly by -31.26 % quarter-on-quarter, aligning with the annual rise of 0.34 %. Operating profit, while up 0.97 % compared to last year, faced a quarter-on-quarter increase of 12.18 %, 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 0.1 %, but an expansion of 9.08 % sequentially. Other income rose by 213.63 % compared to the last quarter, despite an annual growth of 70.35 %. Interest expenses surged remarkably by 215 % from the previous quarter, yet the year-over-year increase remains at a moderate 223.08 %. Depreciation costs fell by -15.44 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 1.61 %. Profit before tax grew annually by 38.05 % but saw an increase from the preceding quarter by 102.44 %.
Tax expenses as a percentage of profits decreased slightly by -2.63 % compared to last year, with a more notable quarter-on-quarter decrease of -4.32 %. Net profit rose by 42.81 % year-on-year but experienced a 114.22 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 42.83 % but a quarterly rise of 114.21 %. In summary, IST 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. 28.541 Cr | Rs. 28.954 Cr | Rs. 28.78 Cr | -0.6 % | + 0.84 % |
Expenses | Rs. 5.83 Cr | Rs. 8.51 Cr | Rs. 5.85 Cr | -31.26 % | + 0.34 % |
Operating Profit | Rs. 22.71 Cr | Rs. 20.44 Cr | Rs. 22.93 Cr | + 12.18 % | + 0.97 % |
Net Profit | Rs. 36.93 Cr | Rs. 24.62 Cr | Rs. 52.74 Cr | + 114.22 % | + 42.81 % |
EPS in Rs | Rs. 31.66 | Rs. 21.11 | Rs. 45.22 | + 114.21 % | + 42.83 % |
In reviewing IST Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 0.84 % year-on-year growth, although there was a slight dip of -0.6 % from the previous quarter. Expenses rose by 0.34 % compared to the previous year, with a decrease of -31.26 % quarter-on-quarter. Operating Profit surged by 0.97 % annually, and saw a 12.18 % increase from the last quarter.
Net Profit showed yearly increase of 42.81 %, and experienced a 114.22 % increase from the previous quarter. Earnings Per Share (EPS) rose by 42.83 % annually, however rose by 114.21 % compared to the last quarter. In essence, while IST 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.
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