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Laxmi Organic Industries : Q4 2024 Financial Quarterly Report : YoY Sales Up 8.03 %, QoQ Up 14.08 %

May 23, 2024May 23, 2024| adminadmin| 0 Comments| 12:10 pm
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Highlights

  • Sales over the Year and quarter: The company experienced a substantial growth of 8.03 % in the past year, substantial increase in net sales/revenue by 14.08 %.
  • 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 105.73 %. Marginal increase in other income during this quarter, up by 47.94%.
  • Profit over the Year and quarter: Significant improvement in profitability for Laxmi Organic Industries Limited. Notable increase of 82.54 % in net profit Year to Year, Laxmi Organic Industries Limited’s profitability increased by 62.95 % in this quarter.
  • EPS over the Year and quarter: EPS increased by 77.17 % Year to Year. EPS increased by 64.65 % in previous quarter. Positive impact on shareholders.

The comprehensive analytics outlining the performance and outlook of Laxmi Organic Industries 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. 733.19 Cr Rs. 694.297 Cr Rs. 792.06 Cr + 14.08 % + 8.03 %
Expenses Rs. 670.01 Cr Rs. 642.04 Cr Rs. 700.79 Cr + 9.15 % + 4.59 %
Operating Profit Rs. 63.18 Cr Rs. 52.26 Cr Rs. 91.27 Cr + 74.65 % + 44.46 %
OPM % 8.62 % 7.53 % 11.52 % + 3.99 % + 2.9 %
Other Income Rs. 3.84 Cr Rs. 5.34 Cr Rs. 7.9 Cr + 47.94 % + 105.73 %
Interest Rs. 1.24 Cr Rs. 0.52 Cr Rs. 0.63 Cr + 21.15 % -49.19 %
Depreciation Rs. 23.05 Cr Rs. 27.53 Cr Rs. 30.55 Cr + 10.97 % + 32.54 %
Profit before tax Rs. 42.73 Cr Rs. 29.55 Cr Rs. 67.99 Cr + 130.08 % + 59.12 %
Tax % 43.2 % 7.99 % 34.83 % + 26.84 % -8.37 %
Net Profit Rs. 24.27 Cr Rs. 27.19 Cr Rs. 44.31 Cr + 62.96 % + 82.57 %
EPS in Rs Rs. 0.91 Rs. 0.97 Rs. 1.63 + 68.04 % + 79.12 %


Today, we’re looking at Laxmi Organic Industries 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 8.03 %. However, it did see a marginal increase of 14.08 % from the previous quarter. Expenses ticked up slightly by 9.15 % quarter-on-quarter, aligning with the annual rise of 4.59 %. Operating profit, while up 44.46 % compared to last year, faced a quarter-on-quarter increase of 74.65 %, 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 2.9 %, but an expansion of 3.99 % sequentially. Other income rose by 47.94 % compared to the last quarter, despite an annual growth of 105.73 %. Interest expenses surged remarkably by 21.15 % from the previous quarter, yet the year-over-year decrease remains at a moderate -49.19 %. Depreciation costs climbed by 10.97 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 32.54 %. Profit before tax grew annually by 59.12 % but saw an increase from the preceding quarter by 130.08 %.
Tax expenses as a percentage of profits decreased slightly by -8.37 % compared to last year, with a more notable quarter-on-quarter increase of 26.84 %. Net profit rose by 82.57 % year-on-year but experienced a 62.96 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 79.12 % but a quarterly rise of 68.04 %. In summary, Laxmi Organic Industries 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. 733.19 Cr Rs. 694.297 Cr Rs. 792.06 Cr + 14.08 % + 8.03 %
Expenses Rs. 670.01 Cr Rs. 642.04 Cr Rs. 700.79 Cr + 9.15 % + 4.59 %
Operating Profit Rs. 63.18 Cr Rs. 52.26 Cr Rs. 91.27 Cr + 74.65 % + 44.46 %
Net Profit Rs. 24.27 Cr Rs. 27.19 Cr Rs. 44.31 Cr + 62.96 % + 82.57 %
EPS in Rs Rs. 0.91 Rs. 0.97 Rs. 1.63 + 68.04 % + 79.12 %


In reviewing Laxmi Organic Industries Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 8.03 % year-on-year growth, however, there was a minor increase of 14.08 % from the previous quarter. Expenses rose by 4.59 % compared to the previous year, with a 9.15 % increase quarter-on-quarter. Operating Profit surged by 44.46 % annually, and saw a 74.65 % increase from the last quarter.
Net Profit showed yearly increase of 82.57 %, and experienced a 62.96 % increase from the previous quarter. Earnings Per Share (EPS) rose by 79.12 % annually, however rose by 68.04 % compared to the last quarter. In essence, while Laxmi Organic Industries 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.

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