Share the post "Nirlon announced Financial Results Q1 2024-25"
Highlights
- The presented financial data is Standalone to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company experienced a substantial growth of 5.57 % in the past year, substantial increase in net sales/revenue by 2.05 %.
- 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 71.87 %. Marginal increase in other income during this quarter, up by 39.68%.
- Profit over the Year and quarter: Significant improvement in profitability for Nirlon Limited,. Notable increase of 0.1 % in net profit Year to Year, Nirlon Limited,’s profitability dropped by -2.63 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 0.18 % Year to Year. EPS decreased by -2.64 % 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. 148.256 Cr | Rs. 153.36 Cr | Rs. 156.507 Cr | + 2.05 % | + 5.57 % |
Expenses | Rs. 32.19 Cr | Rs. 31.66 Cr | Rs. 36.22 Cr | + 14.4 % | + 12.52 % |
Operating Profit | Rs. 116.07 Cr | Rs. 121.7 Cr | Rs. 120.29 Cr | -1.16 % | + 3.64 % |
OPM % | 78.29 % | 79.36 % | 76.86 % | -2.5 % | -1.43 % |
Other Income | Rs. 0.807 Cr | Rs. 0.993 Cr | Rs. 1.387 Cr | + 39.68 % | + 71.87 % |
Interest | Rs. 30.15 Cr | Rs. 32.67 Cr | Rs. 29.67 Cr | -9.18 % | -1.59 % |
Depreciation | Rs. 13.84 Cr | Rs. 14.63 Cr | Rs. 14.1 Cr | -3.62 % | + 1.88 % |
Profit before tax | Rs. 72.89 Cr | Rs. 75.39 Cr | Rs. 77.91 Cr | + 3.34 % | + 6.89 % |
Tax % | 31.69 % | 32.11 % | 36.03 % | + 3.92 % | + 4.34 % |
Net Profit | Rs. 49.78 Cr | Rs. 51.18 Cr | Rs. 49.83 Cr | -2.64 % | + 0.1 % |
EPS in Rs | Rs. 5.52 | Rs. 5.68 | Rs. 5.53 | -2.64 % | + 0.18 % |
Today, we’re looking at Nirlon Limited,’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 5.57 %. However, it did see a marginal increase of 2.05 % from the previous quarter. Expenses ticked up slightly by 14.4 % quarter-on-quarter, aligning with the annual rise of 12.52 %. Operating profit, while up 3.64 % compared to last year, faced a quarter-on-quarter dip of -1.16 %, 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 -1.43 %, but a shrinkage of -2.5 % sequentially. Other income rose by 39.68 % compared to the last quarter, despite an annual growth of 71.87 %. Interest expenses dropped significantly by -9.18 % from the previous quarter, yet the year-over-year decrease remains at a moderate -1.59 %. Depreciation costs fell by -3.62 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 1.88 %. Profit before tax grew annually by 6.89 % but saw an increase from the preceding quarter by 3.34 %.
Tax expenses as a percentage of profits increased slightly by 4.34 % compared to last year, with a more notable quarter-on-quarter increase of 3.92 %. Net profit rose by 0.1 % year-on-year but witnessed a -2.64 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 0.18 % but a quarterly fall of -2.64 %. In summary, Nirlon 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. 148.256 Cr | Rs. 153.36 Cr | Rs. 156.507 Cr | + 2.05 % | + 5.57 % |
Expenses | Rs. 32.19 Cr | Rs. 31.66 Cr | Rs. 36.22 Cr | + 14.4 % | + 12.52 % |
Operating Profit | Rs. 116.07 Cr | Rs. 121.7 Cr | Rs. 120.29 Cr | -1.16 % | + 3.64 % |
Net Profit | Rs. 49.78 Cr | Rs. 51.18 Cr | Rs. 49.83 Cr | -2.64 % | + 0.1 % |
EPS in Rs | Rs. 5.52 | Rs. 5.68 | Rs. 5.53 | -2.64 % | + 0.18 % |
In reviewing Nirlon Limited,’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 5.57 % year-on-year growth, however, there was a minor increase of 2.05 % from the previous quarter. Expenses rose by 12.52 % compared to the previous year, with a 14.4 % increase quarter-on-quarter. Operating Profit surged by 3.64 % annually, and saw a -1.16 % decrease from the last quarter.
Net Profit showed yearly increase of 0.1 %, and experienced a -2.64 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 0.18 % annually, however dipped by -2.64 % compared to the last quarter. In essence, while Nirlon 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.
[my_shortcode1 values=”Nirlon “]