Highlights
- Sales over the Year and quarter: The company’s sales declined by -1.08 % over the year, substantial increase in net sales/revenue by 27.16 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -104.44 %, Marginal decrease of -531.47% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Jain Irrigation Systems Ltd.,. Profit dropped by -100.92 % Year to Year, Jain Irrigation Systems Ltd.,’s profitability dropped by -224.33 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -100.89 % Year to Year. EPS decreased by -200 % in previous quarter. Analysis needed for shareholder value.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 1745.41 Cr | Rs. 1357.77 Cr | Rs. 1726.57 Cr | + 27.16 % | -1.08 % |
Expenses | Rs. 1603.31 Cr | Rs. 1192.71 Cr | Rs. 1502.59 Cr | + 25.98 % | -6.28 % |
Operating Profit | Rs. 142.1 Cr | Rs. 165.06 Cr | Rs. 223.98 Cr | + 35.7 % | + 57.62 % |
OPM % | 8.14 % | 12.16 % | 12.97 % | + 0.81 % | + 4.83 % |
Other Income | Rs. 1251.79 Cr | Rs. 12.87 Cr | Rs. -55.53 Cr | -531.47 % | -104.44 % |
Interest | Rs. 153.68 Cr | Rs. 107.89 Cr | Rs. 106.37 Cr | -1.41 % | -30.78 % |
Depreciation | Rs. 60.8 Cr | Rs. 59.11 Cr | Rs. 64.97 Cr | + 9.91 % | + 6.86 % |
Profit before tax | Rs. 1179.41 Cr | Rs. 10.93 Cr | Rs. -2.89 Cr | -126.44 % | -100.25 % |
Tax % | -13.42 % | 55.58 % | 17.19 % | -38.39 % | + 30.61 % |
Net Profit | Rs. 1162.06 Cr | Rs. 8.59 Cr | Rs. -10.68 Cr | -224.33 % | -100.92 % |
EPS in Rs | Rs. -1.69 | Rs. 0.14 | Rs. 0.58 | + 314.29 % | + 134.32 % |
Today, we’re looking at Jain Irrigation Systems 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 -1.08 %. However, it did see a marginal increase of 27.16 % from the previous quarter. Expenses ticked up slightly by 25.98 % quarter-on-quarter, aligning with the annual decline of -6.28 %. Operating profit, while up 57.62 % compared to last year, faced a quarter-on-quarter increase of 35.7 %, 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 4.83 %, but an expansion of 0.81 % sequentially. Other income fell by -531.47 % compared to the last quarter, despite an annual decline of -104.44 %. Interest expenses dropped significantly by -1.41 % from the previous quarter, yet the year-over-year decrease remains at a moderate -30.78 %. Depreciation costs climbed by 9.91 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 6.86 %. Profit before tax declined annually by -100.25 % but saw a reduction from the preceding quarter by -126.44 %.
Tax expenses as a percentage of profits increased slightly by 30.61 % compared to last year, with a more notable quarter-on-quarter decrease of -38.39 %. Net profit fell by -100.92 % year-on-year but witnessed a -224.33 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 134.32 % but a quarterly rise of 314.29 %. In summary, Jain Irrigation Systems 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. 1745.41 Cr | Rs. 1357.77 Cr | Rs. 1726.57 Cr | + 27.16 % | -1.08 % |
Expenses | Rs. 1603.31 Cr | Rs. 1192.71 Cr | Rs. 1502.59 Cr | + 25.98 % | -6.28 % |
Operating Profit | Rs. 142.1 Cr | Rs. 165.06 Cr | Rs. 223.98 Cr | + 35.7 % | + 57.62 % |
Net Profit | Rs. 1162.06 Cr | Rs. 8.59 Cr | Rs. -10.68 Cr | -224.33 % | -100.92 % |
EPS in Rs | Rs. -1.69 | Rs. 0.14 | Rs. 0.58 | + 314.29 % | + 134.32 % |
In reviewing Jain Irrigation Systems Ltd.,’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -1.08 % year-on-year, however, there was a minor increase of 27.16 % from the previous quarter. Expenses decreased by -6.28 % compared to the previous year, with a 25.98 % increase quarter-on-quarter. Operating Profit surged by 57.62 % annually, and saw a 35.7 % increase from the last quarter.
Net Profit showed yearly decrease of -100.92 %, and experienced a -224.33 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 134.32 % annually, however rose by 314.29 % compared to the last quarter. In essence, while Jain Irrigation Systems 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.