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Olympia Industries : Q4 2024 Financial Quarterly Report : YoY Sales Up 6.2 %, QoQ Down 8.21 %

July 1, 2024July 1, 2024| adminadmin| 0 Comments| 1:10 am
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Highlights

  • Sales over the Year and quarter: The company experienced a substantial growth of 6.2 % in the past year, decrease in net sales/revenue by -8.21 %.
  • 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 183.33 %. Marginal increase in other income during this quarter, up by 70%.
  • Profit over the Year and quarter: Challenges in sustaining profitability for Olympia Industries Ltd.. Profit dropped by -41.72 % Year to Year, Olympia Industries Ltd.’s profitability dropped by -19.59 % Quarter to Quarter.
  • EPS over the Year and quarter: EPS declined by -41.07 % Year to Year. EPS decreased by -19.51 % in previous quarter. Analysis needed for shareholder value.

The comprehensive analytics outlining the performance and outlook of Olympia Industries Ltd.”s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

Metrics Previous Year Previous Quarter Current Quarter Quarter to Quarter Difference Year to Year Difference
Sales Rs. 50.001 Cr Rs. 57.847 Cr Rs. 53.099 Cr -8.21 % + 6.2 %
Expenses Rs. 48.47 Cr Rs. 56.21 Cr Rs. 51.46 Cr -8.45 % + 6.17 %
Operating Profit Rs. 1.53 Cr Rs. 1.64 Cr Rs. 1.64 Cr + 0 % + 7.19 %
OPM % 3.06 % 2.84 % 3.09 % + 0.25 % + 0.03 %
Other Income Rs. 0.06 Cr Rs. 0.1 Cr Rs. 0.17 Cr + 70 % + 183.33 %
Interest Rs. 1 Cr Rs. 1.07 Cr Rs. 1.12 Cr + 4.67 % + 12 %
Depreciation Rs. 0.26 Cr Rs. 0.28 Cr Rs. 0.29 Cr + 3.57 % + 11.54 %
Profit before tax Rs. 0.33 Cr Rs. 0.39 Cr Rs. 0.4 Cr + 2.56 % + 21.21 %
Tax % 4.97 % 34.57 % 51 % + 16.43 % + 46.03 %
Net Profit Rs. 0.34 Cr Rs. 0.25 Cr Rs. 0.2 Cr -20 % -41.18 %
EPS in Rs Rs. 0.56 Rs. 0.41 Rs. 0.33 -19.51 % -41.07 %


Today, we’re looking at Olympia Industries 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 6.2 %. However, it did see a marginal slip of -8.21 % from the previous quarter. Expenses decreased slightly by -8.45 % quarter-on-quarter, aligning with the annual rise of 6.17 %. Operating profit, while up 7.19 % compared to last year, faced a quarter-on-quarter increase of 0 %, 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 0.03 %, but an expansion of 0.25 % sequentially. Other income rose by 70 % compared to the last quarter, despite an annual growth of 183.33 %. Interest expenses surged remarkably by 4.67 % from the previous quarter, yet the year-over-year increase remains at a moderate 12 %. Depreciation costs climbed by 3.57 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 11.54 %. Profit before tax grew annually by 21.21 % but saw an increase from the preceding quarter by 2.56 %.
Tax expenses as a percentage of profits increased slightly by 46.03 % compared to last year, with a more notable quarter-on-quarter increase of 16.43 %. Net profit fell by -41.18 % year-on-year but witnessed a -20 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -41.07 % but a quarterly fall of -19.51 %. In summary, Olympia Industries 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. 50.001 Cr Rs. 57.847 Cr Rs. 53.099 Cr -8.21 % + 6.2 %
Expenses Rs. 48.47 Cr Rs. 56.21 Cr Rs. 51.46 Cr -8.45 % + 6.17 %
Operating Profit Rs. 1.53 Cr Rs. 1.64 Cr Rs. 1.64 Cr + 0 % + 7.19 %
Net Profit Rs. 0.34 Cr Rs. 0.25 Cr Rs. 0.2 Cr -20 % -41.18 %
EPS in Rs Rs. 0.56 Rs. 0.41 Rs. 0.33 -19.51 % -41.07 %


In reviewing Olympia Industries Ltd.’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 6.2 % year-on-year growth, although there was a slight dip of -8.21 % from the previous quarter. Expenses rose by 6.17 % compared to the previous year, with a decrease of -8.45 % quarter-on-quarter. Operating Profit surged by 7.19 % annually, and saw a 0 % increase from the last quarter.
Net Profit showed yearly decrease of -41.18 %, and experienced a -20 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -41.07 % annually, however dipped by -19.51 % compared to the last quarter. In essence, while Olympia Industries Ltd. 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.

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