Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 12.67 % in the past year, substantial increase in net sales/revenue by 7.59 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -40.95 %, Marginal increase in other income during this quarter, up by 162.2%.
- Profit over the Year and quarter: Challenges in sustaining profitability for Nahar Spinning Mills Ltd.,. Profit dropped by -103.81 % Year to Year, Nahar Spinning Mills Ltd.,’s profitability dropped by -97.55 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -105.19 % Year to Year. EPS decreased by -94.79 % 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. 723.743 Cr | Rs. 757.874 Cr | Rs. 815.423 Cr | + 7.59 % | + 12.67 % |
| Expenses | Rs. 690.63 Cr | Rs. 739.49 Cr | Rs. 773.65 Cr | + 4.62 % | + 12.02 % |
| Operating Profit | Rs. 33.11 Cr | Rs. 18.38 Cr | Rs. 41.77 Cr | + 127.26 % | + 26.16 % |
| OPM % | 4.57 % | 2.43 % | 5.12 % | + 2.69 % | + 0.55 % |
| Other Income | Rs. 9.28 Cr | Rs. 2.09 Cr | Rs. 5.48 Cr | + 162.2 % | -40.95 % |
| Interest | Rs. 8 Cr | Rs. 16.29 Cr | Rs. 21.57 Cr | + 32.41 % | + 169.63 % |
| Depreciation | Rs. 19.71 Cr | Rs. 22.86 Cr | Rs. 24.08 Cr | + 5.34 % | + 22.17 % |
| Profit before tax | Rs. 14.68 Cr | Rs. -18.68 Cr | Rs. 1.6 Cr | + 108.57 % | -89.1 % |
| Tax % | 33.35 % | -24.48 % | 393.7 % | + 418.18 % | + 360.35 % |
| Net Profit | Rs. 9.79 Cr | Rs. -15.21 Cr | Rs. -0.37 Cr | + 97.57 % | -103.78 % |
| EPS in Rs | Rs. 4.24 | Rs. -4.22 | Rs. -0.22 | + 94.79 % | -105.19 % |
Today, we’re looking at Nahar Spinning Mills Ltd.,’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 12.67 %. However, it did see a marginal increase of 7.59 % from the previous quarter. Expenses ticked up slightly by 4.62 % quarter-on-quarter, aligning with the annual rise of 12.02 %. Operating profit, while up 26.16 % compared to last year, faced a quarter-on-quarter increase of 127.26 %, 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 0.55 %, but an expansion of 2.69 % sequentially. Other income rose by 162.2 % compared to the last quarter, despite an annual decline of -40.95 %. Interest expenses surged remarkably by 32.41 % from the previous quarter, yet the year-over-year increase remains at a moderate 169.63 %. Depreciation costs climbed by 5.34 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 22.17 %. Profit before tax declined annually by -89.1 % but saw an increase from the preceding quarter by 108.57 %.
Tax expenses as a percentage of profits increased slightly by 360.35 % compared to last year, with a more notable quarter-on-quarter increase of 418.18 %. Net profit fell by -103.78 % year-on-year but experienced a 97.57 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -105.19 % but a quarterly rise of 94.79 %. In summary, Nahar Spinning Mills 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. 723.743 Cr | Rs. 757.874 Cr | Rs. 815.423 Cr | + 7.59 % | + 12.67 % |
| Expenses | Rs. 690.63 Cr | Rs. 739.49 Cr | Rs. 773.65 Cr | + 4.62 % | + 12.02 % |
| Operating Profit | Rs. 33.11 Cr | Rs. 18.38 Cr | Rs. 41.77 Cr | + 127.26 % | + 26.16 % |
| Net Profit | Rs. 9.79 Cr | Rs. -15.21 Cr | Rs. -0.37 Cr | + 97.57 % | -103.78 % |
| EPS in Rs | Rs. 4.24 | Rs. -4.22 | Rs. -0.22 | + 94.79 % | -105.19 % |
In reviewing Nahar Spinning Mills Ltd.,’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 12.67 % year-on-year growth, however, there was a minor increase of 7.59 % from the previous quarter. Expenses rose by 12.02 % compared to the previous year, with a 4.62 % increase quarter-on-quarter. Operating Profit surged by 26.16 % annually, and saw a 127.26 % increase from the last quarter.
Net Profit showed yearly decrease of -103.78 %, and experienced a 97.57 % increase from the previous quarter. Earnings Per Share (EPS) fell by -105.19 % annually, however rose by 94.79 % compared to the last quarter. In essence, while Nahar Spinning Mills Ltd., faces strong annual decline 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.
