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Highlights
- Sales over the Year and quarter: The company’s sales declined by -7.88 % over the year, substantial increase in net sales/revenue by 13.61 %.
- 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 0 %. Marginal increase in other income during this quarter, up by 100%.
- Profit over the Year and quarter: Significant improvement in profitability for Nikhil Adhesives Ltd.. Notable increase of 3.64 % in net profit Year to Year, Nikhil Adhesives Ltd.’s profitability increased by 26.92 % in this quarter.
- EPS over the Year and quarter: EPS increased by 3.80 % Year to Year. EPS increased by 26.15 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 160.679 Cr | Rs. 130.289 Cr | Rs. 148.017 Cr | + 13.61 % | -7.88 % |
| Expenses | Rs. 152 Cr | Rs. 122.73 Cr | Rs. 139.13 Cr | + 13.36 % | -8.47 % |
| Operating Profit | Rs. 8.68 Cr | Rs. 7.56 Cr | Rs. 8.89 Cr | + 17.59 % | + 2.42 % |
| OPM % | 5.4 % | 5.8 % | 6.01 % | + 0.21 % | + 0.61 % |
| Other Income | Rs. 0.1 Cr | Rs. 0.05 Cr | Rs. 0.1 Cr | + 100 % | + 0 % |
| Interest | Rs. 1.88 Cr | Rs. 1.77 Cr | Rs. 2.09 Cr | + 18.08 % | + 11.17 % |
| Depreciation | Rs. 1.38 Cr | Rs. 1.67 Cr | Rs. 1.76 Cr | + 5.39 % | + 27.54 % |
| Profit before tax | Rs. 5.52 Cr | Rs. 4.17 Cr | Rs. 5.14 Cr | + 23.26 % | -6.88 % |
| Tax % | 34.2 % | 28.92 % | 26.78 % | -2.14 % | -7.42 % |
| Net Profit | Rs. 3.63 Cr | Rs. 2.96 Cr | Rs. 3.76 Cr | + 27.03 % | + 3.58 % |
| EPS in Rs | Rs. 0.79 | Rs. 0.65 | Rs. 0.82 | + 26.15 % | + 3.8 % |
Today, we’re looking at Nikhil Adhesives 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 -7.88 %. However, it did see a marginal increase of 13.61 % from the previous quarter. Expenses ticked up slightly by 13.36 % quarter-on-quarter, aligning with the annual decline of -8.47 %. Operating profit, while up 2.42 % compared to last year, faced a quarter-on-quarter increase of 17.59 %, 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 0.61 %, but an expansion of 0.21 % sequentially. Other income rose by 100 % compared to the last quarter, despite an annual growth of 0 %. Interest expenses surged remarkably by 18.08 % from the previous quarter, yet the year-over-year increase remains at a moderate 11.17 %. Depreciation costs climbed by 5.39 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 27.54 %. Profit before tax declined annually by -6.88 % but saw an increase from the preceding quarter by 23.26 %.
Tax expenses as a percentage of profits decreased slightly by -7.42 % compared to last year, with a more notable quarter-on-quarter decrease of -2.14 %. Net profit rose by 3.58 % year-on-year but experienced a 27.03 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 3.8 % but a quarterly rise of 26.15 %. In summary, Nikhil Adhesives 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. 160.679 Cr | Rs. 130.289 Cr | Rs. 148.017 Cr | + 13.61 % | -7.88 % |
| Expenses | Rs. 152 Cr | Rs. 122.73 Cr | Rs. 139.13 Cr | + 13.36 % | -8.47 % |
| Operating Profit | Rs. 8.68 Cr | Rs. 7.56 Cr | Rs. 8.89 Cr | + 17.59 % | + 2.42 % |
| Net Profit | Rs. 3.63 Cr | Rs. 2.96 Cr | Rs. 3.76 Cr | + 27.03 % | + 3.58 % |
| EPS in Rs | Rs. 0.79 | Rs. 0.65 | Rs. 0.82 | + 26.15 % | + 3.8 % |
In reviewing Nikhil Adhesives Ltd.’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -7.88 % year-on-year, however, there was a minor increase of 13.61 % from the previous quarter. Expenses decreased by -8.47 % compared to the previous year, with a 13.36 % increase quarter-on-quarter. Operating Profit surged by 2.42 % annually, and saw a 17.59 % increase from the last quarter.
Net Profit showed yearly increase of 3.58 %, and experienced a 27.03 % increase from the previous quarter. Earnings Per Share (EPS) rose by 3.8 % annually, however rose by 26.15 % compared to the last quarter. In essence, while Nikhil Adhesives 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.
