Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 59.95 % in the past year, decrease in net sales/revenue by -15.75 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is %, Marginal decrease of % in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Norben Tea & Exports Ltd. Notable increase of 116.53 % in net profit Year to Year, Norben Tea & Exports Ltd’s profitability dropped by -29.54 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 114.63 % Year to Year. EPS decreased by -29.6 % 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. 0.739 Cr | Rs. 1.403 Cr | Rs. 1.182 Cr | -15.75 % | + 59.95 % |
| Expenses | Rs. 0.67 Cr | Rs. 2.37 Cr | Rs. 1.78 Cr | -24.89 % | + 165.67 % |
| Operating Profit | Rs. 0.07 Cr | Rs. -0.97 Cr | Rs. -0.6 Cr | + 38.14 % | -957.14 % |
| OPM % | 9.47 % | -69.14 % | -50.76 % | + 18.38 % | -60.23 % |
| Other Income | Rs. 0.03 Cr | Rs. 0.01 Cr | Rs. 0 Cr | 0 % | 0 % |
| Interest | Rs. 0.29 Cr | Rs. 0.37 Cr | Rs. 0.27 Cr | -27.03 % | -6.9 % |
| Depreciation | Rs. 0.16 Cr | Rs. 0.15 Cr | Rs. 0.15 Cr | + 0 % | -6.25 % |
| Profit before tax | Rs. -0.35 Cr | Rs. -1.48 Cr | Rs. -1.02 Cr | + 31.08 % | -191.43 % |
| Tax % | -35.69 % | -0 % | -1.67 % | -1.67 % | + 34.02 % |
| Net Profit | Rs. -0.48 Cr | Rs. -1.47 Cr | Rs. -1.04 Cr | + 29.25 % | -116.67 % |
| EPS in Rs | Rs. -0.41 | Rs. -1.25 | Rs. -0.88 | + 29.6 % | -114.63 % |
Today, we’re looking at Norben Tea & Exports Ltd’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 59.95 %. However, it did see a marginal slip of -15.75 % from the previous quarter. Expenses decreased slightly by -24.89 % quarter-on-quarter, aligning with the annual rise of 165.67 %. Operating profit, while down -957.14 % compared to last year, faced a quarter-on-quarter increase of 38.14 %, 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 -60.23 %, but an expansion of 18.38 % sequentially. Interest expenses dropped significantly by -27.03 % from the previous quarter, yet the year-over-year decrease remains at a moderate -6.9 %. Depreciation costs climbed by 0 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -6.25 %. Profit before tax declined annually by -191.43 % but saw an increase from the preceding quarter by 31.08 %.
Tax expenses as a percentage of profits increased slightly by 34.02 % compared to last year, with a more notable quarter-on-quarter decrease of -1.67 %. Net profit fell by -116.67 % year-on-year but experienced a 29.25 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -114.63 % but a quarterly rise of 29.6 %. In summary, Norben Tea & Exports 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. 0.739 Cr | Rs. 1.403 Cr | Rs. 1.182 Cr | -15.75 % | + 59.95 % |
| Expenses | Rs. 0.67 Cr | Rs. 2.37 Cr | Rs. 1.78 Cr | -24.89 % | + 165.67 % |
| Operating Profit | Rs. 0.07 Cr | Rs. -0.97 Cr | Rs. -0.6 Cr | + 38.14 % | -957.14 % |
| Net Profit | Rs. -0.48 Cr | Rs. -1.47 Cr | Rs. -1.04 Cr | + 29.25 % | -116.67 % |
| EPS in Rs | Rs. -0.41 | Rs. -1.25 | Rs. -0.88 | + 29.6 % | -114.63 % |
In reviewing Norben Tea & Exports Ltd’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 59.95 % year-on-year growth, although there was a slight dip of -15.75 % from the previous quarter. Expenses rose by 165.67 % compared to the previous year, with a decrease of -24.89 % quarter-on-quarter. Operating Profit dropped by -957.14 % annually, and saw a 38.14 % increase from the last quarter.
Net Profit showed yearly decrease of -116.67 %, and experienced a 29.25 % increase from the previous quarter. Earnings Per Share (EPS) fell by -114.63 % annually, however rose by 29.6 % compared to the last quarter. In essence, while Norben Tea & Exports 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.
