Share the post "NGIndustries ‘s Q1 Report: Revenue Falls by 18.35% YoY"
Highlights
- The presented financial data is Standalone to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company’s sales declined by -18.35 % over the year, decrease in net sales/revenue by -9.09 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -84.18 %, Marginal decrease of -82.92% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for N.G.Industries Ltd.. Profit dropped by -75.49 % Year to Year, N.G.Industries Ltd.’s profitability dropped by -74.38 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -75.54 % Year to Year. EPS decreased by -74.44 % 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. 4.533 Cr | Rs. 4.071 Cr | Rs. 3.701 Cr | -9.09 % | -18.35 % |
| Expenses | Rs. 4.01 Cr | Rs. 3.56 Cr | Rs. 3.31 Cr | -7.02 % | -17.46 % |
| Operating Profit | Rs. 0.52 Cr | Rs. 0.51 Cr | Rs. 0.39 Cr | -23.53 % | -25 % |
| OPM % | 11.47 % | 12.53 % | 10.54 % | -1.99 % | -0.93 % |
| Other Income | Rs. 2.023 Cr | Rs. 1.874 Cr | Rs. 0.32 Cr | -82.92 % | -84.18 % |
| Interest | Rs. 0.01 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Depreciation | Rs. 0.12 Cr | Rs. 0.13 Cr | Rs. 0.14 Cr | + 7.69 % | + 16.67 % |
| Profit before tax | Rs. 2.41 Cr | Rs. 2.25 Cr | Rs. 0.57 Cr | -74.67 % | -76.35 % |
| Tax % | 16.16 % | 14.09 % | 12.35 % | -1.74 % | -3.81 % |
| Net Profit | Rs. 2.03 Cr | Rs. 1.94 Cr | Rs. 0.5 Cr | -74.23 % | -75.37 % |
| EPS in Rs | Rs. 6.05 | Rs. 5.79 | Rs. 1.48 | -74.44 % | -75.54 % |
Today, we’re looking at N.G.Industries Ltd.’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -18.35 %. However, it did see a marginal slip of -9.09 % from the previous quarter. Expenses decreased slightly by -7.02 % quarter-on-quarter, aligning with the annual decline of -17.46 %. Operating profit, while down -25 % compared to last year, faced a quarter-on-quarter dip of -23.53 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -0.93 %, but a shrinkage of -1.99 % sequentially. Other income fell by -82.92 % compared to the last quarter, despite an annual decline of -84.18 %. Depreciation costs climbed by 7.69 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 16.67 %. Profit before tax declined annually by -76.35 % but saw a reduction from the preceding quarter by -74.67 %.
Tax expenses as a percentage of profits decreased slightly by -3.81 % compared to last year, with a more notable quarter-on-quarter decrease of -1.74 %. Net profit fell by -75.37 % year-on-year but witnessed a -74.23 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -75.54 % but a quarterly fall of -74.44 %. In summary, N.G.Industries Ltd.’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. 4.533 Cr | Rs. 4.071 Cr | Rs. 3.701 Cr | -9.09 % | -18.35 % |
| Expenses | Rs. 4.01 Cr | Rs. 3.56 Cr | Rs. 3.31 Cr | -7.02 % | -17.46 % |
| Operating Profit | Rs. 0.52 Cr | Rs. 0.51 Cr | Rs. 0.39 Cr | -23.53 % | -25 % |
| Net Profit | Rs. 2.03 Cr | Rs. 1.94 Cr | Rs. 0.5 Cr | -74.23 % | -75.37 % |
| EPS in Rs | Rs. 6.05 | Rs. 5.79 | Rs. 1.48 | -74.44 % | -75.54 % |
In reviewing N.G.Industries Ltd.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -18.35 % year-on-year, although there was a slight dip of -9.09 % from the previous quarter. Expenses decreased by -17.46 % compared to the previous year, with a decrease of -7.02 % quarter-on-quarter. Operating Profit dropped by -25 % annually, and saw a -23.53 % decrease from the last quarter.
Net Profit showed yearly decrease of -75.37 %, and experienced a -74.23 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -75.54 % annually, however dipped by -74.44 % compared to the last quarter. In essence, while N.G.Industries Ltd. 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.
