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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 6.98 % in the past year, decrease in net sales/revenue by -4.16 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -13.64 %, Marginal decrease of -50.99% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Orient Electric Limited. Profit dropped by -27.17 % Year to Year, Orient Electric Limited’s profitability increased by 12.03 % in this quarter.
- EPS over the Year and quarter: EPS declined by -27.17 % Year to Year. EPS increased by 11.67 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 705.63 Cr | Rs. 787.66 Cr | Rs. 754.86 Cr | -4.16 % | + 6.98 % |
| Expenses | Rs. 661.64 Cr | Rs. 756.92 Cr | Rs. 714.8 Cr | -5.56 % | + 8.03 % |
| Operating Profit | Rs. 43.99 Cr | Rs. 30.74 Cr | Rs. 40.06 Cr | + 30.32 % | -8.93 % |
| OPM % | 6.23 % | 3.9 % | 5.31 % | + 1.41 % | -0.92 % |
| Other Income | Rs. 2.86 Cr | Rs. 5.04 Cr | Rs. 2.47 Cr | -50.99 % | -13.64 % |
| Interest | Rs. 5.93 Cr | Rs. 6.81 Cr | Rs. 5.73 Cr | -15.86 % | -3.37 % |
| Depreciation | Rs. 14.32 Cr | Rs. 15.48 Cr | Rs. 17.54 Cr | + 13.31 % | + 22.49 % |
| Profit before tax | Rs. 26.6 Cr | Rs. 13.49 Cr | Rs. 19.26 Cr | + 42.77 % | -27.59 % |
| Tax % | 25.98 % | 5.11 % | 25.55 % | + 20.44 % | -0.43 % |
| Net Profit | Rs. 19.69 Cr | Rs. 12.8 Cr | Rs. 14.34 Cr | + 12.03 % | -27.17 % |
| EPS in Rs | Rs. 0.92 | Rs. 0.6 | Rs. 0.67 | + 11.67 % | -27.17 % |
Today, we’re looking at Orient Electric 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 6.98 %. However, it did see a marginal slip of -4.16 % from the previous quarter. Expenses decreased slightly by -5.56 % quarter-on-quarter, aligning with the annual rise of 8.03 %. Operating profit, while down -8.93 % compared to last year, faced a quarter-on-quarter increase of 30.32 %, 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 -0.92 %, but an expansion of 1.41 % sequentially. Other income fell by -50.99 % compared to the last quarter, despite an annual decline of -13.64 %. Interest expenses dropped significantly by -15.86 % from the previous quarter, yet the year-over-year decrease remains at a moderate -3.37 %. Depreciation costs climbed by 13.31 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 22.49 %. Profit before tax declined annually by -27.59 % but saw an increase from the preceding quarter by 42.77 %.
Tax expenses as a percentage of profits decreased slightly by -0.43 % compared to last year, with a more notable quarter-on-quarter increase of 20.44 %. Net profit fell by -27.17 % year-on-year but experienced a 12.03 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -27.17 % but a quarterly rise of 11.67 %. In summary, Orient Electric 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. 705.63 Cr | Rs. 787.66 Cr | Rs. 754.86 Cr | -4.16 % | + 6.98 % |
| Expenses | Rs. 661.64 Cr | Rs. 756.92 Cr | Rs. 714.8 Cr | -5.56 % | + 8.03 % |
| Operating Profit | Rs. 43.99 Cr | Rs. 30.74 Cr | Rs. 40.06 Cr | + 30.32 % | -8.93 % |
| Net Profit | Rs. 19.69 Cr | Rs. 12.8 Cr | Rs. 14.34 Cr | + 12.03 % | -27.17 % |
| EPS in Rs | Rs. 0.92 | Rs. 0.6 | Rs. 0.67 | + 11.67 % | -27.17 % |
In reviewing Orient Electric Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 6.98 % year-on-year growth, although there was a slight dip of -4.16 % from the previous quarter. Expenses rose by 8.03 % compared to the previous year, with a decrease of -5.56 % quarter-on-quarter. Operating Profit dropped by -8.93 % annually, and saw a 30.32 % increase from the last quarter.
Net Profit showed yearly decrease of -27.17 %, and experienced a 12.03 % increase from the previous quarter. Earnings Per Share (EPS) fell by -27.17 % annually, however rose by 11.67 % compared to the last quarter. In essence, while Orient Electric Limited 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.
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