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Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 16.05 % in the past year, substantial increase in net sales/revenue by 1.1 %.
- 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 48.57 %. Marginal increase in other income during this quarter, up by 1.78%.
- Profit over the Year and quarter: Significant improvement in profitability for L.g.Balkrishnan & Bros. Ltd.. Notable increase of 24.39 % in net profit Year to Year, L.g.Balkrishnan & Bros. Ltd.’s profitability dropped by -6.75 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 24.75 % Year to Year. EPS decreased by -6.45 % 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. 523.022 Cr | Rs. 600.368 Cr | Rs. 606.957 Cr | + 1.1 % | + 16.05 % |
| Expenses | Rs. 433.53 Cr | Rs. 493.84 Cr | Rs. 505.99 Cr | + 2.46 % | + 16.71 % |
| Operating Profit | Rs. 89.49 Cr | Rs. 106.53 Cr | Rs. 100.97 Cr | -5.22 % | + 12.83 % |
| OPM % | 17.11 % | 17.74 % | 16.64 % | -1.1 % | -0.47 % |
| Other Income | Rs. 8.07 Cr | Rs. 11.78 Cr | Rs. 11.99 Cr | + 1.78 % | + 48.57 % |
| Interest | Rs. 2.32 Cr | Rs. 1.84 Cr | Rs. 2.81 Cr | + 52.72 % | + 21.12 % |
| Depreciation | Rs. 20.21 Cr | Rs. 19.6 Cr | Rs. 21.45 Cr | + 9.44 % | + 6.14 % |
| Profit before tax | Rs. 75.03 Cr | Rs. 96.87 Cr | Rs. 88.7 Cr | -8.43 % | + 18.22 % |
| Tax % | 34.36 % | 24.92 % | 27.01 % | + 2.09 % | -7.35 % |
| Net Profit | Rs. 54.52 Cr | Rs. 72.73 Cr | Rs. 67.82 Cr | -6.75 % | + 24.39 % |
| EPS in Rs | Rs. 17.33 | Rs. 23.11 | Rs. 21.62 | -6.45 % | + 24.75 % |
Today, we’re looking at L.g.Balkrishnan & Bros. Ltd.’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 16.05 %. However, it did see a marginal increase of 1.1 % from the previous quarter. Expenses ticked up slightly by 2.46 % quarter-on-quarter, aligning with the annual rise of 16.71 %. Operating profit, while up 12.83 % compared to last year, faced a quarter-on-quarter dip of -5.22 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -0.47 %, but a shrinkage of -1.1 % sequentially. Other income rose by 1.78 % compared to the last quarter, despite an annual growth of 48.57 %. Interest expenses surged remarkably by 52.72 % from the previous quarter, yet the year-over-year increase remains at a moderate 21.12 %. Depreciation costs climbed by 9.44 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 6.14 %. Profit before tax grew annually by 18.22 % but saw a reduction from the preceding quarter by -8.43 %.
Tax expenses as a percentage of profits decreased slightly by -7.35 % compared to last year, with a more notable quarter-on-quarter increase of 2.09 %. Net profit rose by 24.39 % year-on-year but witnessed a -6.75 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 24.75 % but a quarterly fall of -6.45 %. In summary, L.g.Balkrishnan & Bros. 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. 523.022 Cr | Rs. 600.368 Cr | Rs. 606.957 Cr | + 1.1 % | + 16.05 % |
| Expenses | Rs. 433.53 Cr | Rs. 493.84 Cr | Rs. 505.99 Cr | + 2.46 % | + 16.71 % |
| Operating Profit | Rs. 89.49 Cr | Rs. 106.53 Cr | Rs. 100.97 Cr | -5.22 % | + 12.83 % |
| Net Profit | Rs. 54.52 Cr | Rs. 72.73 Cr | Rs. 67.82 Cr | -6.75 % | + 24.39 % |
| EPS in Rs | Rs. 17.33 | Rs. 23.11 | Rs. 21.62 | -6.45 % | + 24.75 % |
In reviewing L.g.Balkrishnan & Bros. Ltd.’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 16.05 % year-on-year growth, however, there was a minor increase of 1.1 % from the previous quarter. Expenses rose by 16.71 % compared to the previous year, with a 2.46 % increase quarter-on-quarter. Operating Profit surged by 12.83 % annually, and saw a -5.22 % decrease from the last quarter.
Net Profit showed yearly increase of 24.39 %, and experienced a -6.75 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 24.75 % annually, however dipped by -6.45 % compared to the last quarter. In essence, while L.g.Balkrishnan & Bros. Ltd. exhibits strong annual growth indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.
