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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 11805.24 % in the past year, substantial increase in net sales/revenue by 121.37 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -14.49 %, Marginal decrease of -15.69% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Oil Country Tubular Limited. Profit dropped by -47.6 % Year to Year, Oil Country Tubular Limited’s profitability dropped by -33.02 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -47.75 % Year to Year. EPS decreased by -33.23 % 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. 0.21 Cr | Rs. 11.294 Cr | Rs. 25.001 Cr | + 121.37 % | + 11805.24 % |
| Expenses | Rs. 2.7 Cr | Rs. 7.91 Cr | Rs. 17.68 Cr | + 123.51 % | + 554.81 % |
| Operating Profit | Rs. -2.49 Cr | Rs. 3.38 Cr | Rs. 7.32 Cr | + 116.57 % | + 393.98 % |
| OPM % | -1185.71 % | 29.93 % | 29.28 % | -0.65 % | + 1214.99 % |
| Other Income | Rs. 0.421 Cr | Rs. 0.427 Cr | Rs. 0.36 Cr | -15.69 % | -14.49 % |
| Interest | Rs. 1.29 Cr | Rs. 1.75 Cr | Rs. 1.71 Cr | -2.29 % | + 32.56 % |
| Depreciation | Rs. 17.9 Cr | Rs. 18.08 Cr | Rs. 14.85 Cr | -17.87 % | -17.04 % |
| Profit before tax | Rs. -21.26 Cr | Rs. -16.02 Cr | Rs. -8.88 Cr | + 44.57 % | + 58.23 % |
| Tax % | -11.94 % | -8.56 % | -10.45 % | -1.89 % | + 1.49 % |
| Net Profit | Rs. -18.71 Cr | Rs. -14.64 Cr | Rs. -9.81 Cr | + 32.99 % | + 47.57 % |
| EPS in Rs | Rs. -4.23 | Rs. -3.31 | Rs. -2.21 | + 33.23 % | + 47.75 % |
Today, we’re looking at Oil Country Tubular 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 11805.24 %. However, it did see a marginal increase of 121.37 % from the previous quarter. Expenses ticked up slightly by 123.51 % quarter-on-quarter, aligning with the annual rise of 554.81 %. Operating profit, while up 393.98 % compared to last year, faced a quarter-on-quarter increase of 116.57 %, 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 1214.99 %, but a shrinkage of -0.65 % sequentially. Other income fell by -15.69 % compared to the last quarter, despite an annual decline of -14.49 %. Interest expenses dropped significantly by -2.29 % from the previous quarter, yet the year-over-year increase remains at a moderate 32.56 %. Depreciation costs fell by -17.87 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -17.04 %. Profit before tax grew annually by 58.23 % but saw an increase from the preceding quarter by 44.57 %.
Tax expenses as a percentage of profits increased slightly by 1.49 % compared to last year, with a more notable quarter-on-quarter decrease of -1.89 %. Net profit rose by 47.57 % year-on-year but experienced a 32.99 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 47.75 % but a quarterly rise of 33.23 %. In summary, Oil Country Tubular 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. 0.21 Cr | Rs. 11.294 Cr | Rs. 25.001 Cr | + 121.37 % | + 11805.24 % |
| Expenses | Rs. 2.7 Cr | Rs. 7.91 Cr | Rs. 17.68 Cr | + 123.51 % | + 554.81 % |
| Operating Profit | Rs. -2.49 Cr | Rs. 3.38 Cr | Rs. 7.32 Cr | + 116.57 % | + 393.98 % |
| Net Profit | Rs. -18.71 Cr | Rs. -14.64 Cr | Rs. -9.81 Cr | + 32.99 % | + 47.57 % |
| EPS in Rs | Rs. -4.23 | Rs. -3.31 | Rs. -2.21 | + 33.23 % | + 47.75 % |
In reviewing Oil Country Tubular Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 11805.24 % year-on-year growth, however, there was a minor increase of 121.37 % from the previous quarter. Expenses rose by 554.81 % compared to the previous year, with a 123.51 % increase quarter-on-quarter. Operating Profit surged by 393.98 % annually, and saw a 116.57 % increase from the last quarter.
Net Profit showed yearly increase of 47.57 %, and experienced a 32.99 % increase from the previous quarter. Earnings Per Share (EPS) rose by 47.75 % annually, however rose by 33.23 % compared to the last quarter. In essence, while Oil Country Tubular 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.
