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Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 30.93 % in the past year, substantial increase in net sales/revenue by 16.12 %.
- 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 236.36 %. Marginal decrease of -46.38% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Nitin Castings Limited. Notable increase of 233.77 % in net profit Year to Year, Nitin Castings Limited’s profitability dropped by -22.95 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 208.22 % Year to Year. EPS decreased by -22.95 % 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. 29.898 Cr | Rs. 33.712 Cr | Rs. 39.146 Cr | + 16.12 % | + 30.93 % |
| Expenses | Rs. 28.03 Cr | Rs. 30.76 Cr | Rs. 34.07 Cr | + 10.76 % | + 21.55 % |
| Operating Profit | Rs. 1.87 Cr | Rs. 2.95 Cr | Rs. 5.08 Cr | + 72.2 % | + 171.66 % |
| OPM % | 6.25 % | 8.75 % | 12.98 % | + 4.23 % | + 6.73 % |
| Other Income | Rs. 0.22 Cr | Rs. 1.38 Cr | Rs. 0.74 Cr | -46.38 % | + 236.36 % |
| Interest | Rs. 0.04 Cr | Rs. 0.04 Cr | Rs. 0.09 Cr | + 125 % | + 125 % |
| Depreciation | Rs. 0.4 Cr | Rs. 0.43 Cr | Rs. 0.47 Cr | + 9.3 % | + 17.5 % |
| Profit before tax | Rs. 1.65 Cr | Rs. 3.86 Cr | Rs. 5.26 Cr | + 36.27 % | + 218.79 % |
| Tax % | 57.87 % | 22.29 % | 19.88 % | -2.41 % | -37.99 % |
| Net Profit | Rs. 0.69 Cr | Rs. 3 Cr | Rs. 2.31 Cr | -23 % | + 234.78 % |
| EPS in Rs | Rs. 1.46 | Rs. 5.84 | Rs. 4.5 | -22.95 % | + 208.22 % |
Today, we’re looking at Nitin Castings Limited’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 30.93 %. However, it did see a marginal increase of 16.12 % from the previous quarter. Expenses ticked up slightly by 10.76 % quarter-on-quarter, aligning with the annual rise of 21.55 %. Operating profit, while up 171.66 % compared to last year, faced a quarter-on-quarter increase of 72.2 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 6.73 %, but an expansion of 4.23 % sequentially. Other income fell by -46.38 % compared to the last quarter, despite an annual growth of 236.36 %. Interest expenses surged remarkably by 125 % from the previous quarter, yet the year-over-year increase remains at a moderate 125 %. Depreciation costs climbed by 9.3 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 17.5 %. Profit before tax grew annually by 218.79 % but saw an increase from the preceding quarter by 36.27 %.
Tax expenses as a percentage of profits decreased slightly by -37.99 % compared to last year, with a more notable quarter-on-quarter decrease of -2.41 %. Net profit rose by 234.78 % year-on-year but witnessed a -23 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 208.22 % but a quarterly fall of -22.95 %. In summary, Nitin Castings 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. 29.898 Cr | Rs. 33.712 Cr | Rs. 39.146 Cr | + 16.12 % | + 30.93 % |
| Expenses | Rs. 28.03 Cr | Rs. 30.76 Cr | Rs. 34.07 Cr | + 10.76 % | + 21.55 % |
| Operating Profit | Rs. 1.87 Cr | Rs. 2.95 Cr | Rs. 5.08 Cr | + 72.2 % | + 171.66 % |
| Net Profit | Rs. 0.69 Cr | Rs. 3 Cr | Rs. 2.31 Cr | -23 % | + 234.78 % |
| EPS in Rs | Rs. 1.46 | Rs. 5.84 | Rs. 4.5 | -22.95 % | + 208.22 % |
In reviewing Nitin Castings Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 30.93 % year-on-year growth, however, there was a minor increase of 16.12 % from the previous quarter. Expenses rose by 21.55 % compared to the previous year, with a 10.76 % increase quarter-on-quarter. Operating Profit surged by 171.66 % annually, and saw a 72.2 % increase from the last quarter.
Net Profit showed yearly increase of 234.78 %, and experienced a -23 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 208.22 % annually, however dipped by -22.95 % compared to the last quarter. In essence, while Nitin Castings 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.
