Share the post "Nureca : Q4 2024 Financial Quarterly Report : YoY Sales Down 20.05 %, QoQ Down 24.15 %"
Highlights
- Sales over the Year and quarter: The company’s sales declined by -20.05 % over the year, decrease in net sales/revenue by -24.15 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -158.6 %, Marginal decrease of -121.32% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Nureca Limited. Notable increase of 170.98 % in net profit Year to Year, Nureca Limited’s profitability dropped by -2612.73 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 171.24 % Year to Year. EPS decreased by -2693.75 % 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. 21.226 Cr | Rs. 22.374 Cr | Rs. 16.97 Cr | -24.15 % | -20.05 % |
| Expenses | Rs. 24.69 Cr | Rs. 26.63 Cr | Rs. 21.4 Cr | -19.64 % | -13.33 % |
| Operating Profit | Rs. -3.46 Cr | Rs. -4.26 Cr | Rs. -4.43 Cr | -3.99 % | -28.03 % |
| OPM % | -16.3 % | -19.04 % | -26.1 % | -7.06 % | -9.8 % |
| Other Income | Rs. 2.15 Cr | Rs. 5.91 Cr | Rs. -1.26 Cr | -121.32 % | -158.6 % |
| Interest | Rs. 0.1 Cr | Rs. 0.11 Cr | Rs. 0.18 Cr | + 63.64 % | + 80 % |
| Depreciation | Rs. 0.56 Cr | Rs. 0.59 Cr | Rs. 0.6 Cr | + 1.69 % | + 7.14 % |
| Profit before tax | Rs. -1.97 Cr | Rs. 0.95 Cr | Rs. -6.47 Cr | -781.05 % | -228.43 % |
| Tax % | -22.45 % | 82.54 % | -35.94 % | -118.48 % | -13.49 % |
| Net Profit | Rs. -1.53 Cr | Rs. 0.17 Cr | Rs. -4.15 Cr | -2541.18 % | -171.24 % |
| EPS in Rs | Rs. -1.53 | Rs. 0.16 | Rs. -4.15 | -2693.75 % | -171.24 % |
Today, we’re looking at Nureca Limited’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -20.05 %. However, it did see a marginal slip of -24.15 % from the previous quarter. Expenses decreased slightly by -19.64 % quarter-on-quarter, aligning with the annual decline of -13.33 %. Operating profit, while down -28.03 % compared to last year, faced a quarter-on-quarter dip of -3.99 %, 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 -9.8 %, but a shrinkage of -7.06 % sequentially. Other income fell by -121.32 % compared to the last quarter, despite an annual decline of -158.6 %. Interest expenses surged remarkably by 63.64 % from the previous quarter, yet the year-over-year increase remains at a moderate 80 %. Depreciation costs climbed by 1.69 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 7.14 %. Profit before tax declined annually by -228.43 % but saw a reduction from the preceding quarter by -781.05 %.
Tax expenses as a percentage of profits decreased slightly by -13.49 % compared to last year, with a more notable quarter-on-quarter decrease of -118.48 %. Net profit fell by -171.24 % year-on-year but witnessed a -2541.18 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -171.24 % but a quarterly fall of -2693.75 %. In summary, Nureca 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. 21.226 Cr | Rs. 22.374 Cr | Rs. 16.97 Cr | -24.15 % | -20.05 % |
| Expenses | Rs. 24.69 Cr | Rs. 26.63 Cr | Rs. 21.4 Cr | -19.64 % | -13.33 % |
| Operating Profit | Rs. -3.46 Cr | Rs. -4.26 Cr | Rs. -4.43 Cr | -3.99 % | -28.03 % |
| Net Profit | Rs. -1.53 Cr | Rs. 0.17 Cr | Rs. -4.15 Cr | -2541.18 % | -171.24 % |
| EPS in Rs | Rs. -1.53 | Rs. 0.16 | Rs. -4.15 | -2693.75 % | -171.24 % |
In reviewing Nureca Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -20.05 % year-on-year, although there was a slight dip of -24.15 % from the previous quarter. Expenses decreased by -13.33 % compared to the previous year, with a decrease of -19.64 % quarter-on-quarter. Operating Profit dropped by -28.03 % annually, and saw a -3.99 % decrease from the last quarter.
Net Profit showed yearly decrease of -171.24 %, and experienced a -2541.18 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -171.24 % annually, however dipped by -2693.75 % compared to the last quarter. In essence, while Nureca Limited 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.
