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Highlights
- The presented financial data is Standalone to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company experienced a substantial growth of 24.31 % in the past year, decrease in net sales/revenue by -22.17 %.
- 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 25.82 %. Marginal decrease of -23.66% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Lokesh Machines Limited. Notable increase of 35.17 % in net profit Year to Year, Lokesh Machines Limited’s profitability dropped by -78.06 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 30.23 % Year to Year. EPS decreased by -77.95 % 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. 50.299 Cr | Rs. 80.335 Cr | Rs. 62.526 Cr | -22.17 % | + 24.31 % |
Expenses | Rs. 44.57 Cr | Rs. 68.48 Cr | Rs. 54.49 Cr | -20.43 % | + 22.26 % |
Operating Profit | Rs. 5.73 Cr | Rs. 11.86 Cr | Rs. 8.04 Cr | -32.21 % | + 40.31 % |
OPM % | 11.39 % | 14.76 % | 12.86 % | -1.9 % | + 1.47 % |
Other Income | Rs. 0.395 Cr | Rs. 0.651 Cr | Rs. 0.497 Cr | -23.66 % | + 25.82 % |
Interest | Rs. 2.64 Cr | Rs. 2.96 Cr | Rs. 3.69 Cr | + 24.66 % | + 39.77 % |
Depreciation | Rs. 2.39 Cr | Rs. 2.45 Cr | Rs. 3.31 Cr | + 35.1 % | + 38.49 % |
Profit before tax | Rs. 1.1 Cr | Rs. 7.1 Cr | Rs. 1.54 Cr | -78.31 % | + 40 % |
Tax % | 30.03 % | 33.82 % | 32.96 % | -0.86 % | + 2.93 % |
Net Profit | Rs. 0.76 Cr | Rs. 4.69 Cr | Rs. 1.03 Cr | -78.04 % | + 35.53 % |
EPS in Rs | Rs. 0.43 | Rs. 2.54 | Rs. 0.56 | -77.95 % | + 30.23 % |
Today, we’re looking at Lokesh Machines 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 24.31 %. However, it did see a marginal slip of -22.17 % from the previous quarter. Expenses decreased slightly by -20.43 % quarter-on-quarter, aligning with the annual rise of 22.26 %. Operating profit, while up 40.31 % compared to last year, faced a quarter-on-quarter dip of -32.21 %, 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 1.47 %, but a shrinkage of -1.9 % sequentially. Other income fell by -23.66 % compared to the last quarter, despite an annual growth of 25.82 %. Interest expenses surged remarkably by 24.66 % from the previous quarter, yet the year-over-year increase remains at a moderate 39.77 %. Depreciation costs climbed by 35.1 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 38.49 %. Profit before tax grew annually by 40 % but saw a reduction from the preceding quarter by -78.31 %.
Tax expenses as a percentage of profits increased slightly by 2.93 % compared to last year, with a more notable quarter-on-quarter decrease of -0.86 %. Net profit rose by 35.53 % year-on-year but witnessed a -78.04 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 30.23 % but a quarterly fall of -77.95 %. In summary, Lokesh Machines 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. 50.299 Cr | Rs. 80.335 Cr | Rs. 62.526 Cr | -22.17 % | + 24.31 % |
Expenses | Rs. 44.57 Cr | Rs. 68.48 Cr | Rs. 54.49 Cr | -20.43 % | + 22.26 % |
Operating Profit | Rs. 5.73 Cr | Rs. 11.86 Cr | Rs. 8.04 Cr | -32.21 % | + 40.31 % |
Net Profit | Rs. 0.76 Cr | Rs. 4.69 Cr | Rs. 1.03 Cr | -78.04 % | + 35.53 % |
EPS in Rs | Rs. 0.43 | Rs. 2.54 | Rs. 0.56 | -77.95 % | + 30.23 % |
In reviewing Lokesh Machines Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 24.31 % year-on-year growth, although there was a slight dip of -22.17 % from the previous quarter. Expenses rose by 22.26 % compared to the previous year, with a decrease of -20.43 % quarter-on-quarter. Operating Profit surged by 40.31 % annually, and saw a -32.21 % decrease from the last quarter.
Net Profit showed yearly increase of 35.53 %, and experienced a -78.04 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 30.23 % annually, however dipped by -77.95 % compared to the last quarter. In essence, while Lokesh Machines 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.
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