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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’s sales declined by -13.05 % over the year, decrease in net sales/revenue by -30.03 %.
- 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 2056.52 %. Marginal increase in other income during this quarter, up by 1396.98%.
- Profit over the Year and quarter: Significant improvement in profitability for National Fittings Limited. Notable increase of 736.71 % in net profit Year to Year, National Fittings Limited’s profitability increased by 261.59 % in this quarter.
- EPS over the Year and quarter: EPS increased by 738.46 % Year to Year. EPS increased by 261.61 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 17.417 Cr | Rs. 21.643 Cr | Rs. 15.144 Cr | -30.03 % | -13.05 % |
| Expenses | Rs. 15.35 Cr | Rs. 18.4 Cr | Rs. 14.23 Cr | -22.66 % | -7.3 % |
| Operating Profit | Rs. 2.07 Cr | Rs. 3.24 Cr | Rs. 0.91 Cr | -71.91 % | -56.04 % |
| OPM % | 11.88 % | 14.97 % | 6.01 % | -8.96 % | -5.87 % |
| Other Income | Rs. 0.345 Cr | Rs. 0.497 Cr | Rs. 7.44 Cr | + 1396.98 % | + 2056.52 % |
| Interest | Rs. 0.34 Cr | Rs. 0.31 Cr | Rs. 0.25 Cr | -19.35 % | -26.47 % |
| Depreciation | Rs. 0.86 Cr | Rs. 0.89 Cr | Rs. 0.81 Cr | -8.99 % | -5.81 % |
| Profit before tax | Rs. 1.22 Cr | Rs. 2.54 Cr | Rs. 7.29 Cr | + 187.01 % | + 497.54 % |
| Tax % | 31.74 % | 24.49 % | 4.94 % | -19.55 % | -26.8 % |
| Net Profit | Rs. 0.83 Cr | Rs. 1.92 Cr | Rs. 6.93 Cr | + 260.94 % | + 734.94 % |
| EPS in Rs | Rs. 0.91 | Rs. 2.11 | Rs. 7.63 | + 261.61 % | + 738.46 % |
Today, we’re looking at National Fittings Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -13.05 %. However, it did see a marginal slip of -30.03 % from the previous quarter. Expenses decreased slightly by -22.66 % quarter-on-quarter, aligning with the annual decline of -7.3 %. Operating profit, while down -56.04 % compared to last year, faced a quarter-on-quarter dip of -71.91 %, 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 -5.87 %, but a shrinkage of -8.96 % sequentially. Other income rose by 1396.98 % compared to the last quarter, despite an annual growth of 2056.52 %. Interest expenses dropped significantly by -19.35 % from the previous quarter, yet the year-over-year decrease remains at a moderate -26.47 %. Depreciation costs fell by -8.99 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -5.81 %. Profit before tax grew annually by 497.54 % but saw an increase from the preceding quarter by 187.01 %.
Tax expenses as a percentage of profits decreased slightly by -26.8 % compared to last year, with a more notable quarter-on-quarter decrease of -19.55 %. Net profit rose by 734.94 % year-on-year but experienced a 260.94 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 738.46 % but a quarterly rise of 261.61 %. In summary, National Fittings 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. 17.417 Cr | Rs. 21.643 Cr | Rs. 15.144 Cr | -30.03 % | -13.05 % |
| Expenses | Rs. 15.35 Cr | Rs. 18.4 Cr | Rs. 14.23 Cr | -22.66 % | -7.3 % |
| Operating Profit | Rs. 2.07 Cr | Rs. 3.24 Cr | Rs. 0.91 Cr | -71.91 % | -56.04 % |
| Net Profit | Rs. 0.83 Cr | Rs. 1.92 Cr | Rs. 6.93 Cr | + 260.94 % | + 734.94 % |
| EPS in Rs | Rs. 0.91 | Rs. 2.11 | Rs. 7.63 | + 261.61 % | + 738.46 % |
In reviewing National Fittings Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -13.05 % year-on-year, although there was a slight dip of -30.03 % from the previous quarter. Expenses decreased by -7.3 % compared to the previous year, with a decrease of -22.66 % quarter-on-quarter. Operating Profit dropped by -56.04 % annually, and saw a -71.91 % decrease from the last quarter.
Net Profit showed yearly increase of 734.94 %, and experienced a 260.94 % increase from the previous quarter. Earnings Per Share (EPS) rose by 738.46 % annually, however rose by 261.61 % compared to the last quarter. In essence, while National Fittings Limited 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.
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