Share the post "Lakshmi Electrical Control Systems : Q4 2024 Financial Quarterly Report : YoY Sales Down 35.32 %, QoQ Down 23.73 %"
Highlights
- Sales over the Year and quarter: The company’s sales declined by -35.32 % over the year, decrease in net sales/revenue by -23.73 %.
- 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 47.06 %. Marginal increase in other income during this quarter, up by 14.68%.
- Profit over the Year and quarter: Challenges in sustaining profitability for Lakshmi Electrical Control Systems. Profit dropped by -48.62 % Year to Year, Lakshmi Electrical Control Systems’s profitability increased by 8.49 % in this quarter.
- EPS over the Year and quarter: EPS declined by -48.64 % Year to Year. EPS increased by 8.45 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 95.778 Cr | Rs. 81.226 Cr | Rs. 61.951 Cr | -23.73 % | -35.32 % |
| Expenses | Rs. 90.04 Cr | Rs. 78.82 Cr | Rs. 59.41 Cr | -24.63 % | -34.02 % |
| Operating Profit | Rs. 5.74 Cr | Rs. 2.41 Cr | Rs. 2.54 Cr | + 5.39 % | -55.75 % |
| OPM % | 5.99 % | 2.97 % | 4.1 % | + 1.13 % | -1.89 % |
| Other Income | Rs. 0.85 Cr | Rs. 1.09 Cr | Rs. 1.25 Cr | + 14.68 % | + 47.06 % |
| Interest | Rs. 0.16 Cr | Rs. 0.16 Cr | Rs. 0.1 Cr | -37.5 % | -37.5 % |
| Depreciation | Rs. 0.7 Cr | Rs. 0.8 Cr | Rs. 0.85 Cr | + 6.25 % | + 21.43 % |
| Profit before tax | Rs. 5.73 Cr | Rs. 2.54 Cr | Rs. 2.84 Cr | + 11.81 % | -50.44 % |
| Tax % | 29.39 % | 24.12 % | 27.13 % | + 3.01 % | -2.26 % |
| Net Profit | Rs. 4.05 Cr | Rs. 1.92 Cr | Rs. 2.08 Cr | + 8.33 % | -48.64 % |
| EPS in Rs | Rs. 16.49 | Rs. 7.81 | Rs. 8.47 | + 8.45 % | -48.64 % |
Today, we’re looking at Lakshmi Electrical Control Systems’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -35.32 %. However, it did see a marginal slip of -23.73 % from the previous quarter. Expenses decreased slightly by -24.63 % quarter-on-quarter, aligning with the annual decline of -34.02 %. Operating profit, while down -55.75 % compared to last year, faced a quarter-on-quarter increase of 5.39 %, 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 -1.89 %, but an expansion of 1.13 % sequentially. Other income rose by 14.68 % compared to the last quarter, despite an annual growth of 47.06 %. Interest expenses dropped significantly by -37.5 % from the previous quarter, yet the year-over-year decrease remains at a moderate -37.5 %. Depreciation costs climbed by 6.25 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 21.43 %. Profit before tax declined annually by -50.44 % but saw an increase from the preceding quarter by 11.81 %.
Tax expenses as a percentage of profits decreased slightly by -2.26 % compared to last year, with a more notable quarter-on-quarter increase of 3.01 %. Net profit fell by -48.64 % year-on-year but experienced a 8.33 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -48.64 % but a quarterly rise of 8.45 %. In summary, Lakshmi Electrical Control Systems’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. 95.778 Cr | Rs. 81.226 Cr | Rs. 61.951 Cr | -23.73 % | -35.32 % |
| Expenses | Rs. 90.04 Cr | Rs. 78.82 Cr | Rs. 59.41 Cr | -24.63 % | -34.02 % |
| Operating Profit | Rs. 5.74 Cr | Rs. 2.41 Cr | Rs. 2.54 Cr | + 5.39 % | -55.75 % |
| Net Profit | Rs. 4.05 Cr | Rs. 1.92 Cr | Rs. 2.08 Cr | + 8.33 % | -48.64 % |
| EPS in Rs | Rs. 16.49 | Rs. 7.81 | Rs. 8.47 | + 8.45 % | -48.64 % |
In reviewing Lakshmi Electrical Control Systems’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -35.32 % year-on-year, although there was a slight dip of -23.73 % from the previous quarter. Expenses decreased by -34.02 % compared to the previous year, with a decrease of -24.63 % quarter-on-quarter. Operating Profit dropped by -55.75 % annually, and saw a 5.39 % increase from the last quarter.
Net Profit showed yearly decrease of -48.64 %, and experienced a 8.33 % increase from the previous quarter. Earnings Per Share (EPS) fell by -48.64 % annually, however rose by 8.45 % compared to the last quarter. In essence, while Lakshmi Electrical Control Systems 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.
