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Nilachal Refractories announces Q1 Report: Revenue Dropped by 60.74% YoY

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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 -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.

The comprehensive analytics outlining the performance and outlook of Nilachal Refractories Ltd.‘s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

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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