Highlights
- Sales over the Year and quarter: The company’s sales declined by -2.09 % over the year, substantial increase in net sales/revenue by 21.41 %.
- 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 27.43 %. Marginal increase in other income during this quarter, up by 33.53%.
- Profit over the Year and quarter: Significant improvement in profitability for Neogen Chemicals Limited. Notable increase of 18.31 % in net profit Year to Year, Neogen Chemicals Limited’s profitability increased by 1497.17 % in this quarter.
- EPS over the Year and quarter: EPS increased by 11.85 % Year to Year. EPS increased by 1465.85 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 203.92 Cr | Rs. 164.44 Cr | Rs. 199.65 Cr | + 21.41 % | -2.09 % |
| Expenses | Rs. 171.33 Cr | Rs. 144.15 Cr | Rs. 163.86 Cr | + 13.67 % | -4.36 % |
| Operating Profit | Rs. 32.59 Cr | Rs. 20.29 Cr | Rs. 35.79 Cr | + 76.39 % | + 9.82 % |
| OPM % | 15.98 % | 12.34 % | 17.93 % | + 5.59 % | + 1.95 % |
| Other Income | Rs. 1.75 Cr | Rs. 1.67 Cr | Rs. 2.23 Cr | + 33.53 % | + 27.43 % |
| Interest | Rs. 9.34 Cr | Rs. 10.52 Cr | Rs. 9.69 Cr | -7.89 % | + 3.75 % |
| Depreciation | Rs. 4.29 Cr | Rs. 5.74 Cr | Rs. 5.86 Cr | + 2.09 % | + 36.6 % |
| Profit before tax | Rs. 20.71 Cr | Rs. 5.7 Cr | Rs. 22.47 Cr | + 294.21 % | + 8.5 % |
| Tax % | 30.93 % | 82.71 % | 24.68 % | -58.03 % | -6.25 % |
| Net Profit | Rs. 14.31 Cr | Rs. 1.06 Cr | Rs. 16.93 Cr | + 1497.17 % | + 18.31 % |
| EPS in Rs | Rs. 5.74 | Rs. 0.41 | Rs. 6.42 | + 1465.85 % | + 11.85 % |
Today, we’re looking at Neogen Chemicals 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 -2.09 %. However, it did see a marginal increase of 21.41 % from the previous quarter. Expenses ticked up slightly by 13.67 % quarter-on-quarter, aligning with the annual decline of -4.36 %. Operating profit, while up 9.82 % compared to last year, faced a quarter-on-quarter increase of 76.39 %, 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 1.95 %, but an expansion of 5.59 % sequentially. Other income rose by 33.53 % compared to the last quarter, despite an annual growth of 27.43 %. Interest expenses dropped significantly by -7.89 % from the previous quarter, yet the year-over-year increase remains at a moderate 3.75 %. Depreciation costs climbed by 2.09 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 36.6 %. Profit before tax grew annually by 8.5 % but saw an increase from the preceding quarter by 294.21 %.
Tax expenses as a percentage of profits decreased slightly by -6.25 % compared to last year, with a more notable quarter-on-quarter decrease of -58.03 %. Net profit rose by 18.31 % year-on-year but experienced a 1497.17 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 11.85 % but a quarterly rise of 1465.85 %. In summary, Neogen Chemicals 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. 203.92 Cr | Rs. 164.44 Cr | Rs. 199.65 Cr | + 21.41 % | -2.09 % |
| Expenses | Rs. 171.33 Cr | Rs. 144.15 Cr | Rs. 163.86 Cr | + 13.67 % | -4.36 % |
| Operating Profit | Rs. 32.59 Cr | Rs. 20.29 Cr | Rs. 35.79 Cr | + 76.39 % | + 9.82 % |
| Net Profit | Rs. 14.31 Cr | Rs. 1.06 Cr | Rs. 16.93 Cr | + 1497.17 % | + 18.31 % |
| EPS in Rs | Rs. 5.74 | Rs. 0.41 | Rs. 6.42 | + 1465.85 % | + 11.85 % |
In reviewing Neogen Chemicals Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -2.09 % year-on-year, however, there was a minor increase of 21.41 % from the previous quarter. Expenses decreased by -4.36 % compared to the previous year, with a 13.67 % increase quarter-on-quarter. Operating Profit surged by 9.82 % annually, and saw a 76.39 % increase from the last quarter.
Net Profit showed yearly increase of 18.31 %, and experienced a 1497.17 % increase from the previous quarter. Earnings Per Share (EPS) rose by 11.85 % annually, however rose by 1465.85 % compared to the last quarter. In essence, while Neogen Chemicals 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.
