Share the post "Nilachal Refractories announces Q1 Report: Revenue Dropped by 60.74% YoY"
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 -60.74 % over the year, decrease in net sales/revenue by -63.62 %.
- 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 33.33 %. Marginal decrease of -99.12% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Nilachal Refractories Ltd.. Notable increase of 997.52 % in net profit Year to Year, Nilachal Refractories Ltd.’s profitability dropped by -78.05 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -1,183.33 % Year to Year. EPS decreased by -78.11 % 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. 0.405 Cr | Rs. 0.437 Cr | Rs. 0.159 Cr | -63.62 % | -60.74 % |
Expenses | Rs. 0.54 Cr | Rs. 2.06 Cr | Rs. 1.34 Cr | -34.95 % | + 148.15 % |
Operating Profit | Rs. -0.14 Cr | Rs. -1.62 Cr | Rs. -1.18 Cr | + 27.16 % | -742.86 % |
OPM % | -34.57 % | -370.71 % | -742.14 % | -371.43 % | -707.57 % |
Other Income | Rs. 0.012 Cr | Rs. 1.82 Cr | Rs. 0.016 Cr | -99.12 % | + 33.33 % |
Interest | Rs. 0 Cr | Rs. 0.39 Cr | Rs. 0.06 Cr | -84.62 % | 0 % |
Depreciation | Rs. 0 Cr | Rs. 0.57 Cr | Rs. 0.14 Cr | -75.44 % | 0 % |
Profit before tax | Rs. -0.13 Cr | Rs. -0.76 Cr | Rs. -1.36 Cr | -78.95 % | -946.15 % |
Tax % | -0 % | -700.4 % | -2.64 % | + 697.76 % | -2.64 % |
Net Profit | Rs. -0.12 Cr | Rs. -6.05 Cr | Rs. -1.33 Cr | + 78.02 % | -1008.33 % |
EPS in Rs | Rs. -0.06 | Rs. -2.97 | Rs. -0.65 | + 78.11 % | -983.33 % |
Today, we’re looking at Nilachal Refractories Ltd.’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -60.74 %. However, it did see a marginal slip of -63.62 % from the previous quarter. Expenses decreased slightly by -34.95 % quarter-on-quarter, aligning with the annual rise of 148.15 %. Operating profit, while down -742.86 % compared to last year, faced a quarter-on-quarter increase of 27.16 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -707.57 %, but a shrinkage of -371.43 % sequentially. Other income fell by -99.12 % compared to the last quarter, despite an annual growth of 33.33 %. Interest expenses dropped significantly by -84.62 % from the previous quarter, Depreciation costs fell by -75.44 % quarter-on-quarter, Profit before tax declined annually by -946.15 % but saw a reduction from the preceding quarter by -78.95 %.
Tax expenses as a percentage of profits decreased slightly by -2.64 % compared to last year, with a more notable quarter-on-quarter increase of 697.76 %. Net profit fell by -1008.33 % year-on-year but experienced a 78.02 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -983.33 % but a quarterly rise of 78.11 %. In summary, Nilachal Refractories 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. 0.405 Cr | Rs. 0.437 Cr | Rs. 0.159 Cr | -63.62 % | -60.74 % |
Expenses | Rs. 0.54 Cr | Rs. 2.06 Cr | Rs. 1.34 Cr | -34.95 % | + 148.15 % |
Operating Profit | Rs. -0.14 Cr | Rs. -1.62 Cr | Rs. -1.18 Cr | + 27.16 % | -742.86 % |
Net Profit | Rs. -0.12 Cr | Rs. -6.05 Cr | Rs. -1.33 Cr | + 78.02 % | -1008.33 % |
EPS in Rs | Rs. -0.06 | Rs. -2.97 | Rs. -0.65 | + 78.11 % | -983.33 % |
In reviewing Nilachal Refractories Ltd.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -60.74 % year-on-year, although there was a slight dip of -63.62 % from the previous quarter. Expenses rose by 148.15 % compared to the previous year, with a decrease of -34.95 % quarter-on-quarter. Operating Profit dropped by -742.86 % annually, and saw a 27.16 % increase from the last quarter.
Net Profit showed yearly decrease of -1008.33 %, and experienced a 78.02 % increase from the previous quarter. Earnings Per Share (EPS) fell by -983.33 % annually, however rose by 78.11 % compared to the last quarter. In essence, while Nilachal Refractories 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.
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