Highlights
- Sales over the Year and quarter: The company’s sales declined by -3.07 % over the year, substantial increase in net sales/revenue by 3.12 %.
- 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 62.61 %. Marginal increase in other income during this quarter, up by 619.23%.
- Profit over the Year and quarter: Significant improvement in profitability for N.G.Industries Ltd.. Notable increase of 68.99 % in net profit Year to Year, N.G.Industries Ltd.’s profitability increased by 356.47 % in this quarter.
- EPS over the Year and quarter: EPS increased by 68.80 % Year to Year. EPS increased by 355.91 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 4.2 Cr | Rs. 3.948 Cr | Rs. 4.071 Cr | + 3.12 % | -3.07 % |
| Expenses | Rs. 3.87 Cr | Rs. 3.55 Cr | Rs. 3.56 Cr | + 0.28 % | -8.01 % |
| Operating Profit | Rs. 0.33 Cr | Rs. 0.4 Cr | Rs. 0.51 Cr | + 27.5 % | + 54.55 % |
| OPM % | 7.86 % | 10.13 % | 12.53 % | + 2.4 % | + 4.67 % |
| Other Income | Rs. 1.15 Cr | Rs. 0.26 Cr | Rs. 1.87 Cr | + 619.23 % | + 62.61 % |
| Interest | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Depreciation | Rs. 0.13 Cr | Rs. 0.18 Cr | Rs. 0.13 Cr | -27.78 % | + 0 % |
| Profit before tax | Rs. 1.35 Cr | Rs. 0.48 Cr | Rs. 2.25 Cr | + 368.75 % | + 66.67 % |
| Tax % | 14.52 % | 11.83 % | 14.09 % | + 2.26 % | -0.43 % |
| Net Profit | Rs. 1.15 Cr | Rs. 0.43 Cr | Rs. 1.94 Cr | + 351.16 % | + 68.7 % |
| EPS in Rs | Rs. 3.43 | Rs. 1.27 | Rs. 5.79 | + 355.91 % | + 68.8 % |
Today, we’re looking at N.G.Industries Ltd.’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -3.07 %. However, it did see a marginal increase of 3.12 % from the previous quarter. Expenses ticked up slightly by 0.28 % quarter-on-quarter, aligning with the annual decline of -8.01 %. Operating profit, while up 54.55 % compared to last year, faced a quarter-on-quarter increase of 27.5 %, 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 4.67 %, but an expansion of 2.4 % sequentially. Other income rose by 619.23 % compared to the last quarter, despite an annual growth of 62.61 %. Depreciation costs fell by -27.78 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 0 %. Profit before tax grew annually by 66.67 % but saw an increase from the preceding quarter by 368.75 %.
Tax expenses as a percentage of profits decreased slightly by -0.43 % compared to last year, with a more notable quarter-on-quarter increase of 2.26 %. Net profit rose by 68.7 % year-on-year but experienced a 351.16 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 68.8 % but a quarterly rise of 355.91 %. 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. 4.2 Cr | Rs. 3.948 Cr | Rs. 4.071 Cr | + 3.12 % | -3.07 % |
| Expenses | Rs. 3.87 Cr | Rs. 3.55 Cr | Rs. 3.56 Cr | + 0.28 % | -8.01 % |
| Operating Profit | Rs. 0.33 Cr | Rs. 0.4 Cr | Rs. 0.51 Cr | + 27.5 % | + 54.55 % |
| Net Profit | Rs. 1.15 Cr | Rs. 0.43 Cr | Rs. 1.94 Cr | + 351.16 % | + 68.7 % |
| EPS in Rs | Rs. 3.43 | Rs. 1.27 | Rs. 5.79 | + 355.91 % | + 68.8 % |
In reviewing N.G.Industries Ltd.’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -3.07 % year-on-year, however, there was a minor increase of 3.12 % from the previous quarter. Expenses decreased by -8.01 % compared to the previous year, with a 0.28 % increase quarter-on-quarter. Operating Profit surged by 54.55 % annually, and saw a 27.5 % increase from the last quarter.
Net Profit showed yearly increase of 68.7 %, and experienced a 351.16 % increase from the previous quarter. Earnings Per Share (EPS) rose by 68.8 % annually, however rose by 355.91 % compared to the last quarter. In essence, while N.G.Industries Ltd. 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.
