Highlights
- Sales over the Year and quarter: The company’s sales declined by -3.59 % over the year, decrease in net sales/revenue by -21.4 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -527.27 %, Marginal decrease of -127.33% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for LORENZINI APPARELS LIMITED. Profit dropped by -41.45 % Year to Year, LORENZINI APPARELS LIMITED’s profitability dropped by -86.73 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -96.23 % Year to Year. EPS decreased by -99.15 % 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. 10.337 Cr | Rs. 12.679 Cr | Rs. 9.966 Cr | -21.4 % | -3.59 % |
Expenses | Rs. 8.52 Cr | Rs. 10.42 Cr | Rs. 7.98 Cr | -23.42 % | -6.34 % |
Operating Profit | Rs. 1.82 Cr | Rs. 2.26 Cr | Rs. 1.99 Cr | -11.95 % | + 9.34 % |
OPM % | 17.61 % | 17.82 % | 19.97 % | + 2.15 % | + 2.36 % |
Other Income | Rs. 0.11 Cr | Rs. 1.72 Cr | Rs. -0.47 Cr | -127.33 % | -527.27 % |
Interest | Rs. 0.36 Cr | Rs. 0.38 Cr | Rs. 0.41 Cr | + 7.89 % | + 13.89 % |
Depreciation | Rs. 0.81 Cr | Rs. 0.79 Cr | Rs. 0.84 Cr | + 6.33 % | + 3.7 % |
Profit before tax | Rs. 0.76 Cr | Rs. 2.81 Cr | Rs. 0.27 Cr | -90.39 % | -64.47 % |
Tax % | 28.27 % | 15.4 % | 21.15 % | + 5.75 % | -7.12 % |
Net Profit | Rs. 0.54 Cr | Rs. 2.37 Cr | Rs. 0.32 Cr | -86.5 % | -40.74 % |
EPS in Rs | Rs. 0.53 | Rs. 2.34 | Rs. 0.32 | -86.32 % | -39.62 % |
Today, we’re looking at LORENZINI APPARELS LIMITED’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -3.59 %. However, it did see a marginal slip of -21.4 % from the previous quarter. Expenses decreased slightly by -23.42 % quarter-on-quarter, aligning with the annual decline of -6.34 %. Operating profit, while up 9.34 % compared to last year, faced a quarter-on-quarter dip of -11.95 %, 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 2.36 %, but an expansion of 2.15 % sequentially. Other income fell by -127.33 % compared to the last quarter, despite an annual decline of -527.27 %. Interest expenses surged remarkably by 7.89 % from the previous quarter, yet the year-over-year increase remains at a moderate 13.89 %. Depreciation costs climbed by 6.33 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 3.7 %. Profit before tax declined annually by -64.47 % but saw a reduction from the preceding quarter by -90.39 %.
Tax expenses as a percentage of profits decreased slightly by -7.12 % compared to last year, with a more notable quarter-on-quarter increase of 5.75 %. Net profit fell by -40.74 % year-on-year but witnessed a -86.5 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -39.62 % but a quarterly fall of -86.32 %. In summary, LORENZINI APPARELS 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. 10.337 Cr | Rs. 12.679 Cr | Rs. 9.966 Cr | -21.4 % | -3.59 % |
Expenses | Rs. 8.52 Cr | Rs. 10.42 Cr | Rs. 7.98 Cr | -23.42 % | -6.34 % |
Operating Profit | Rs. 1.82 Cr | Rs. 2.26 Cr | Rs. 1.99 Cr | -11.95 % | + 9.34 % |
Net Profit | Rs. 0.54 Cr | Rs. 2.37 Cr | Rs. 0.32 Cr | -86.5 % | -40.74 % |
EPS in Rs | Rs. 0.53 | Rs. 2.34 | Rs. 0.32 | -86.32 % | -39.62 % |
In reviewing LORENZINI APPARELS LIMITED’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -3.59 % year-on-year, although there was a slight dip of -21.4 % from the previous quarter. Expenses decreased by -6.34 % compared to the previous year, with a decrease of -23.42 % quarter-on-quarter. Operating Profit surged by 9.34 % annually, and saw a -11.95 % decrease from the last quarter.
Net Profit showed yearly decrease of -40.74 %, and experienced a -86.5 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -39.62 % annually, however dipped by -86.32 % compared to the last quarter. In essence, while LORENZINI APPARELS LIMITED faces strong annual decline indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.