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Highlights
- The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company’s sales declined by -18.02 % over the year, decrease in net sales/revenue by -5.99 %.
- 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 597.6 %. Marginal increase in other income during this quarter, up by 998.62%.
- Profit over the Year and quarter: Significant improvement in profitability for Nitco Limited. Notable increase of 9.36 % in net profit Year to Year, Nitco Limited’s profitability dropped by -20.48 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 9.55 % Year to Year. EPS decreased by -20.46 % 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. 80.528 Cr | Rs. 70.222 Cr | Rs. 66.013 Cr | -5.99 % | -18.02 % |
| Expenses | Rs. 82.7 Cr | Rs. 81.02 Cr | Rs. 78.78 Cr | -2.76 % | -4.74 % |
| Operating Profit | Rs. -2.17 Cr | Rs. -10.8 Cr | Rs. -12.77 Cr | -18.24 % | -488.48 % |
| OPM % | -2.69 % | -15.38 % | -19.34 % | -3.96 % | -16.65 % |
| Other Income | Rs. 1.83 Cr | Rs. 1.162 Cr | Rs. 12.766 Cr | + 998.62 % | + 597.6 % |
| Interest | Rs. 23.97 Cr | Rs. 26.74 Cr | Rs. 27.39 Cr | + 2.43 % | + 14.27 % |
| Depreciation | Rs. 7.33 Cr | Rs. 7.15 Cr | Rs. 7.22 Cr | + 0.98 % | -1.5 % |
| Profit before tax | Rs. -31.64 Cr | Rs. -43.53 Cr | Rs. -34.61 Cr | + 20.49 % | -9.39 % |
| Tax % | -0 % | -0 % | -0 % | 0 % | 0 % |
| Net Profit | Rs. -31.65 Cr | Rs. -43.52 Cr | Rs. -34.61 Cr | + 20.47 % | -9.35 % |
| EPS in Rs | Rs. -4.4 | Rs. -6.06 | Rs. -4.82 | + 20.46 % | -9.55 % |
Today, we’re looking at Nitco Limited’s financial performance for the Q2(Sep 2024-25).Starting with the top line, the company reported a significant year-over-year sales decline of -18.02 %. However, it did see a marginal slip of -5.99 % from the previous quarter. Expenses decreased slightly by -2.76 % quarter-on-quarter, aligning with the annual decline of -4.74 %. Operating profit, while down -488.48 % compared to last year, faced a quarter-on-quarter dip of -18.24 %, 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 -16.65 %, but a shrinkage of -3.96 % sequentially. Other income rose by 998.62 % compared to the last quarter, despite an annual growth of 597.6 %. Interest expenses surged remarkably by 2.43 % from the previous quarter, yet the year-over-year increase remains at a moderate 14.27 %. Depreciation costs climbed by 0.98 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -1.5 %. Profit before tax declined annually by -9.39 % but saw an increase from the preceding quarter by 20.49 %.
Net profit fell by -9.35 % year-on-year but experienced a 20.47 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -9.55 % but a quarterly rise of 20.46 %. In summary, Nitco 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. 80.528 Cr | Rs. 70.222 Cr | Rs. 66.013 Cr | -5.99 % | -18.02 % |
| Expenses | Rs. 82.7 Cr | Rs. 81.02 Cr | Rs. 78.78 Cr | -2.76 % | -4.74 % |
| Operating Profit | Rs. -2.17 Cr | Rs. -10.8 Cr | Rs. -12.77 Cr | -18.24 % | -488.48 % |
| Net Profit | Rs. -31.65 Cr | Rs. -43.52 Cr | Rs. -34.61 Cr | + 20.47 % | -9.35 % |
| EPS in Rs | Rs. -4.4 | Rs. -6.06 | Rs. -4.82 | + 20.46 % | -9.55 % |
In reviewing Nitco Limited’s 2024-25(Q2) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -18.02 % year-on-year, although there was a slight dip of -5.99 % from the previous quarter. Expenses decreased by -4.74 % compared to the previous year, with a decrease of -2.76 % quarter-on-quarter. Operating Profit dropped by -488.48 % annually, and saw a -18.24 % decrease from the last quarter.
Net Profit showed yearly decrease of -9.35 %, and experienced a 20.47 % increase from the previous quarter. Earnings Per Share (EPS) fell by -9.55 % annually, however rose by 20.46 % compared to the last quarter. In essence, while Nitco Limited 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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