LLOYDS ENGINEERING WORKS : Q1 2024 Financial Quarterly Report : YoY Sales Up 19.72 %, QoQ Down 27.93 %

The comprehensive analytics outlining the performance and outlook of LLOYDS ENGINEERING WORKS 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.

Today, we’re looking at LLOYDS ENGINEERING WORKS LIMITED’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 19.72 %. However, it did see a marginal slip of -27.93 % from the previous quarter. Expenses decreased slightly by -31.56 % quarter-on-quarter, aligning with the annual rise of 11.88 %. Operating profit, while up 72.73 % compared to last year, faced a quarter-on-quarter dip of -6.05 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 5.7 %, but an expansion of 4.32 % sequentially. Other income fell by -37.83 % compared to the last quarter, despite an annual decline of -5.65 %. Interest expenses surged remarkably by 4.69 % from the previous quarter, yet the year-over-year increase remains at a moderate 41.05 %. Depreciation costs climbed by 30.72 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 198.51 %. Profit before tax grew annually by 58.83 % but saw a reduction from the preceding quarter by -12.15 %.
Tax expenses as a percentage of profits decreased slightly by -3.42 % compared to last year, with a more notable quarter-on-quarter decrease of -11.2 %. Net profit rose by 65.26 % year-on-year but experienced a 0.43 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 50 % but a quarterly fall of -5.26 %. In summary, LLOYDS ENGINEERING WORKS LIMITED’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.

In reviewing LLOYDS ENGINEERING WORKS LIMITED’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 19.72 % year-on-year growth, although there was a slight dip of -27.93 % from the previous quarter. Expenses rose by 11.88 % compared to the previous year, with a decrease of -31.56 % quarter-on-quarter. Operating Profit surged by 72.73 % annually, and saw a -6.05 % decrease from the last quarter.
Net Profit showed yearly increase of 65.26 %, and experienced a 0.43 % increase from the previous quarter. Earnings Per Share (EPS) rose by 50 % annually, however dipped by -5.26 % compared to the last quarter. In essence, while LLOYDS ENGINEERING WORKS LIMITED 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.