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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 100.83 % in the past year, substantial increase in net sales/revenue by 44.52 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -68.75 %, Marginal increase in other income during this quarter, up by 87.5%.
- Profit over the Year and quarter: Challenges in sustaining profitability for Organic Coatings Ltd.. Profit dropped by -203.66 % Year to Year, Organic Coatings Ltd.’s profitability increased by 13.84 % in this quarter.
- EPS over the Year and quarter: EPS declined by -203.13 % Year to Year. EPS increased by 13.79 % in previous quarter. Positive impact on shareholders.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 6.504 Cr | Rs. 9.038 Cr | Rs. 13.062 Cr | + 44.52 % | + 100.83 % |
Expenses | Rs. 6.14 Cr | Rs. 8.26 Cr | Rs. 12.27 Cr | + 48.55 % | + 99.84 % |
Operating Profit | Rs. 0.36 Cr | Rs. 0.78 Cr | Rs. 0.79 Cr | + 1.28 % | + 119.44 % |
OPM % | 5.54 % | 8.63 % | 6.05 % | -2.58 % | + 0.51 % |
Other Income | Rs. 0.048 Cr | Rs. 0.008 Cr | Rs. 0.015 Cr | + 87.5 % | -68.75 % |
Interest | Rs. 0.41 Cr | Rs. 0.34 Cr | Rs. 0.33 Cr | -2.94 % | -19.51 % |
Depreciation | Rs. 0.25 Cr | Rs. 0.22 Cr | Rs. 0.23 Cr | + 4.55 % | -8 % |
Profit before tax | Rs. -0.25 Cr | Rs. 0.23 Cr | Rs. 0.25 Cr | + 8.7 % | + 200 % |
Tax % | -0 % | 0 % | 0 % | 0 % | 0 % |
Net Profit | Rs. -0.25 Cr | Rs. 0.22 Cr | Rs. 0.26 Cr | + 18.18 % | + 204 % |
EPS in Rs | Rs. -0.32 | Rs. 0.29 | Rs. 0.33 | + 13.79 % | + 203.13 % |
Today, we’re looking at Organic Coatings Ltd.’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 100.83 %. However, it did see a marginal increase of 44.52 % from the previous quarter. Expenses ticked up slightly by 48.55 % quarter-on-quarter, aligning with the annual rise of 99.84 %. Operating profit, while up 119.44 % compared to last year, faced a quarter-on-quarter increase of 1.28 %, 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 0.51 %, but a shrinkage of -2.58 % sequentially. Other income rose by 87.5 % compared to the last quarter, despite an annual decline of -68.75 %. Interest expenses dropped significantly by -2.94 % from the previous quarter, yet the year-over-year decrease remains at a moderate -19.51 %. Depreciation costs climbed by 4.55 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -8 %. Profit before tax grew annually by 200 % but saw an increase from the preceding quarter by 8.7 %.
Net profit rose by 204 % year-on-year but experienced a 18.18 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 203.13 % but a quarterly rise of 13.79 %. In summary, Organic Coatings 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. 6.504 Cr | Rs. 9.038 Cr | Rs. 13.062 Cr | + 44.52 % | + 100.83 % |
Expenses | Rs. 6.14 Cr | Rs. 8.26 Cr | Rs. 12.27 Cr | + 48.55 % | + 99.84 % |
Operating Profit | Rs. 0.36 Cr | Rs. 0.78 Cr | Rs. 0.79 Cr | + 1.28 % | + 119.44 % |
Net Profit | Rs. -0.25 Cr | Rs. 0.22 Cr | Rs. 0.26 Cr | + 18.18 % | + 204 % |
EPS in Rs | Rs. -0.32 | Rs. 0.29 | Rs. 0.33 | + 13.79 % | + 203.13 % |
In reviewing Organic Coatings Ltd.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 100.83 % year-on-year growth, however, there was a minor increase of 44.52 % from the previous quarter. Expenses rose by 99.84 % compared to the previous year, with a 48.55 % increase quarter-on-quarter. Operating Profit surged by 119.44 % annually, and saw a 1.28 % increase from the last quarter.
Net Profit showed yearly increase of 204 %, and experienced a 18.18 % increase from the previous quarter. Earnings Per Share (EPS) rose by 203.13 % annually, however rose by 13.79 % compared to the last quarter. In essence, while Organic Coatings 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.