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Jubilant Ingrevia : Q1 2024 Financial Quarterly Report : YoY Sales Down 4.71 %, QoQ Down 4.66 %

July 17, 2024July 17, 2024| adminadmin| 0 Comments| 7:55 pm
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Highlights

  • Sales over the Year and quarter: The company’s sales declined by -4.71 % over the year, decrease in net sales/revenue by -4.66 %.
  • 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 14.61 %. Marginal increase in other income during this quarter, up by 2.12%.
  • Profit over the Year and quarter: Challenges in sustaining profitability for Jubilant Ingrevia Limited. Profit dropped by -15.37 % Year to Year, Jubilant Ingrevia Limited’s profitability increased by 66.63 % in this quarter.
  • EPS over the Year and quarter: EPS declined by -15.15 % Year to Year. EPS increased by 66.49 % in previous quarter. Positive impact on shareholders.

The comprehensive analytics outlining the performance and outlook of Jubilant Ingrevia Limited”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. 1075.02 Cr Rs. 1074.44 Cr Rs. 1024.34 Cr -4.66 % -4.71 %
Expenses Rs. 958.37 Cr Rs. 983.2 Cr Rs. 914.81 Cr -6.96 % -4.55 %
Operating Profit Rs. 116.65 Cr Rs. 91.24 Cr Rs. 109.53 Cr + 20.05 % -6.1 %
OPM % 10.85 % 8.49 % 10.69 % + 2.2 % -0.16 %
Other Income Rs. 8.42 Cr Rs. 9.45 Cr Rs. 9.65 Cr + 2.12 % + 14.61 %
Interest Rs. 11.46 Cr Rs. 13.62 Cr Rs. 14.27 Cr + 4.77 % + 24.52 %
Depreciation Rs. 32.3 Cr Rs. 35.72 Cr Rs. 38.88 Cr + 8.85 % + 20.37 %
Profit before tax Rs. 81.31 Cr Rs. 51.35 Cr Rs. 66.03 Cr + 28.59 % -18.79 %
Tax % 29.14 % 43 % 26.22 % -16.78 % -2.92 %
Net Profit Rs. 57.59 Cr Rs. 29.25 Cr Rs. 48.74 Cr + 66.63 % -15.37 %
EPS in Rs Rs. 3.63 Rs. 1.85 Rs. 3.08 + 66.49 % -15.15 %


Today, we’re looking at Jubilant Ingrevia Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -4.71 %. However, it did see a marginal slip of -4.66 % from the previous quarter. Expenses decreased slightly by -6.96 % quarter-on-quarter, aligning with the annual decline of -4.55 %. Operating profit, while down -6.1 % compared to last year, faced a quarter-on-quarter increase of 20.05 %, 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 -0.16 %, but an expansion of 2.2 % sequentially. Other income rose by 2.12 % compared to the last quarter, despite an annual growth of 14.61 %. Interest expenses surged remarkably by 4.77 % from the previous quarter, yet the year-over-year increase remains at a moderate 24.52 %. Depreciation costs climbed by 8.85 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 20.37 %. Profit before tax declined annually by -18.79 % but saw an increase from the preceding quarter by 28.59 %.
Tax expenses as a percentage of profits decreased slightly by -2.92 % compared to last year, with a more notable quarter-on-quarter decrease of -16.78 %. Net profit fell by -15.37 % year-on-year but experienced a 66.63 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -15.15 % but a quarterly rise of 66.49 %. In summary, Jubilant Ingrevia 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. 1075.02 Cr Rs. 1074.44 Cr Rs. 1024.34 Cr -4.66 % -4.71 %
Expenses Rs. 958.37 Cr Rs. 983.2 Cr Rs. 914.81 Cr -6.96 % -4.55 %
Operating Profit Rs. 116.65 Cr Rs. 91.24 Cr Rs. 109.53 Cr + 20.05 % -6.1 %
Net Profit Rs. 57.59 Cr Rs. 29.25 Cr Rs. 48.74 Cr + 66.63 % -15.37 %
EPS in Rs Rs. 3.63 Rs. 1.85 Rs. 3.08 + 66.49 % -15.15 %


In reviewing Jubilant Ingrevia Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -4.71 % year-on-year, although there was a slight dip of -4.66 % from the previous quarter. Expenses decreased by -4.55 % compared to the previous year, with a decrease of -6.96 % quarter-on-quarter. Operating Profit dropped by -6.1 % annually, and saw a 20.05 % increase from the last quarter.
Net Profit showed yearly decrease of -15.37 %, and experienced a 66.63 % increase from the previous quarter. Earnings Per Share (EPS) fell by -15.15 % annually, however rose by 66.49 % compared to the last quarter. In essence, while Jubilant Ingrevia Limited 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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