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Highlights
- Sales over the Year and quarter: The company’s sales declined by -19.26 % over the year, substantial increase in net sales/revenue by 27.88 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -83.78 %, Marginal decrease of -70% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Nirav Commercials Ltd.,. Profit dropped by -1661.16 % Year to Year, Nirav Commercials Ltd.,’s profitability increased by 894.21 % in this quarter.
- EPS over the Year and quarter:
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 3.136 Cr | Rs. 1.98 Cr | Rs. 2.532 Cr | + 27.88 % | -19.26 % |
| Expenses | Rs. 3.29 Cr | Rs. 2.27 Cr | Rs. 4.42 Cr | + 94.71 % | + 34.35 % |
| Operating Profit | Rs. -0.15 Cr | Rs. -0.29 Cr | Rs. -1.89 Cr | -551.72 % | -1160 % |
| OPM % | -4.78 % | -14.65 % | -74.64 % | -59.99 % | -69.86 % |
| Other Income | Rs. 0.37 Cr | Rs. 0.2 Cr | Rs. 0.06 Cr | -70 % | -83.78 % |
| Interest | Rs. 0.03 Cr | Rs. 0.01 Cr | Rs. 0.03 Cr | + 200 % | + 0 % |
| Depreciation | Rs. 0.01 Cr | Rs. 0.03 Cr | Rs. 0.05 Cr | + 66.67 % | + 400 % |
| Profit before tax | Rs. 0.18 Cr | Rs. -0.13 Cr | Rs. -1.91 Cr | -1369.23 % | -1161.11 % |
| Tax % | 30.06 % | -46.15 % | -0.63 % | + 45.52 % | -30.69 % |
| Net Profit | Rs. 0.12 Cr | Rs. -0.19 Cr | Rs. -1.89 Cr | -894.74 % | -1675 % |
| EPS in Rs | Rs. 0 | Rs. 0 | Rs. 0 | 0 % | 0 % |
Today, we’re looking at Nirav Commercials 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 -19.26 %. However, it did see a marginal increase of 27.88 % from the previous quarter. Expenses ticked up slightly by 94.71 % quarter-on-quarter, aligning with the annual rise of 34.35 %. Operating profit, while down -1160 % compared to last year, faced a quarter-on-quarter dip of -551.72 %, 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 -69.86 %, but a shrinkage of -59.99 % sequentially. Other income fell by -70 % compared to the last quarter, despite an annual decline of -83.78 %. Interest expenses surged remarkably by 200 % from the previous quarter, yet the year-over-year increase remains at a moderate 0 %. Depreciation costs climbed by 66.67 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 400 %. Profit before tax declined annually by -1161.11 % but saw a reduction from the preceding quarter by -1369.23 %.
Tax expenses as a percentage of profits decreased slightly by -30.69 % compared to last year, with a more notable quarter-on-quarter increase of 45.52 %. Net profit fell by -1675 % year-on-year but witnessed a -894.74 % contraction from the last quarter. In summary, Nirav Commercials 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. 3.136 Cr | Rs. 1.98 Cr | Rs. 2.532 Cr | + 27.88 % | -19.26 % |
| Expenses | Rs. 3.29 Cr | Rs. 2.27 Cr | Rs. 4.42 Cr | + 94.71 % | + 34.35 % |
| Operating Profit | Rs. -0.15 Cr | Rs. -0.29 Cr | Rs. -1.89 Cr | -551.72 % | -1160 % |
| Net Profit | Rs. 0.12 Cr | Rs. -0.19 Cr | Rs. -1.89 Cr | -894.74 % | -1675 % |
| EPS in Rs | Rs. 0 | Rs. 0 | Rs. 0 | 0 % | 0 % |
In reviewing Nirav Commercials Ltd.,’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -19.26 % year-on-year, however, there was a minor increase of 27.88 % from the previous quarter. Expenses rose by 34.35 % compared to the previous year, with a 94.71 % increase quarter-on-quarter. Operating Profit dropped by -1160 % annually, and saw a -551.72 % decrease from the last quarter.
Net Profit showed yearly decrease of -1675 %, and experienced a -894.74 % decrease from the previous quarter. In essence, while Nirav Commercials Ltd., faces strong annual decline indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.
