Share the post "JTEKT India : Q4 2024 Financial Quarterly Report : YoY Sales Up 17.67 %, QoQ Up 14.51 %"
Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 17.67 % in the past year, substantial increase in net sales/revenue by 14.51 %.
- 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 156.29 %. Marginal increase in other income during this quarter, up by 195.17%.
- Profit over the Year and quarter: Significant improvement in profitability for JTEKT India Limited. Notable increase of 43.55 % in net profit Year to Year, JTEKT India Limited’s profitability increased by 44.39 % in this quarter.
- EPS over the Year and quarter: EPS increased by 37.76 % Year to Year. EPS increased by 39.18 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 537.174 Cr | Rs. 552.004 Cr | Rs. 632.084 Cr | + 14.51 % | + 17.67 % |
| Expenses | Rs. 491.01 Cr | Rs. 501.01 Cr | Rs. 562.39 Cr | + 12.25 % | + 14.54 % |
| Operating Profit | Rs. 46.16 Cr | Rs. 50.99 Cr | Rs. 69.69 Cr | + 36.67 % | + 50.97 % |
| OPM % | 8.59 % | 9.24 % | 11.03 % | + 1.79 % | + 2.44 % |
| Other Income | Rs. 1.67 Cr | Rs. 1.45 Cr | Rs. 4.28 Cr | + 195.17 % | + 156.29 % |
| Interest | Rs. 1.22 Cr | Rs. 1.47 Cr | Rs. 2.14 Cr | + 45.58 % | + 75.41 % |
| Depreciation | Rs. 17.75 Cr | Rs. 19.89 Cr | Rs. 22.98 Cr | + 15.54 % | + 29.46 % |
| Profit before tax | Rs. 28.86 Cr | Rs. 31.08 Cr | Rs. 48.85 Cr | + 57.18 % | + 69.27 % |
| Tax % | 17.22 % | 23.61 % | 29.8 % | + 6.19 % | + 12.58 % |
| Net Profit | Rs. 23.89 Cr | Rs. 23.75 Cr | Rs. 34.3 Cr | + 44.42 % | + 43.57 % |
| EPS in Rs | Rs. 0.98 | Rs. 0.97 | Rs. 1.35 | + 39.18 % | + 37.76 % |
Today, we’re looking at JTEKT India Limited’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 17.67 %. However, it did see a marginal increase of 14.51 % from the previous quarter. Expenses ticked up slightly by 12.25 % quarter-on-quarter, aligning with the annual rise of 14.54 %. Operating profit, while up 50.97 % compared to last year, faced a quarter-on-quarter increase of 36.67 %, 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 2.44 %, but an expansion of 1.79 % sequentially. Other income rose by 195.17 % compared to the last quarter, despite an annual growth of 156.29 %. Interest expenses surged remarkably by 45.58 % from the previous quarter, yet the year-over-year increase remains at a moderate 75.41 %. Depreciation costs climbed by 15.54 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 29.46 %. Profit before tax grew annually by 69.27 % but saw an increase from the preceding quarter by 57.18 %.
Tax expenses as a percentage of profits increased slightly by 12.58 % compared to last year, with a more notable quarter-on-quarter increase of 6.19 %. Net profit rose by 43.57 % year-on-year but experienced a 44.42 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 37.76 % but a quarterly rise of 39.18 %. In summary, JTEKT India 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. 537.174 Cr | Rs. 552.004 Cr | Rs. 632.084 Cr | + 14.51 % | + 17.67 % |
| Expenses | Rs. 491.01 Cr | Rs. 501.01 Cr | Rs. 562.39 Cr | + 12.25 % | + 14.54 % |
| Operating Profit | Rs. 46.16 Cr | Rs. 50.99 Cr | Rs. 69.69 Cr | + 36.67 % | + 50.97 % |
| Net Profit | Rs. 23.89 Cr | Rs. 23.75 Cr | Rs. 34.3 Cr | + 44.42 % | + 43.57 % |
| EPS in Rs | Rs. 0.98 | Rs. 0.97 | Rs. 1.35 | + 39.18 % | + 37.76 % |
In reviewing JTEKT India Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 17.67 % year-on-year growth, however, there was a minor increase of 14.51 % from the previous quarter. Expenses rose by 14.54 % compared to the previous year, with a 12.25 % increase quarter-on-quarter. Operating Profit surged by 50.97 % annually, and saw a 36.67 % increase from the last quarter.
Net Profit showed yearly increase of 43.57 %, and experienced a 44.42 % increase from the previous quarter. Earnings Per Share (EPS) rose by 37.76 % annually, however rose by 39.18 % compared to the last quarter. In essence, while JTEKT India 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.
