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Highlights
- The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company’s sales declined by -85.03 % over the year, decrease in net sales/revenue by -84.92 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -82.39 %, Marginal decrease of -89.6% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Oriental Carbon & Chemicals Limited. Profit dropped by -52.75 % Year to Year, Oriental Carbon & Chemicals Limited’s profitability dropped by -46.26 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -52.24 % Year to Year. EPS decreased by -45.26 % 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. 124.8 Cr | Rs. 123.885 Cr | Rs. 18.683 Cr | -84.92 % | -85.03 % |
Expenses | Rs. 90.9 Cr | Rs. 97.11 Cr | Rs. 17.07 Cr | -82.42 % | -81.22 % |
Operating Profit | Rs. 33.9 Cr | Rs. 26.78 Cr | Rs. 1.61 Cr | -93.99 % | -95.25 % |
OPM % | 27.16 % | 21.62 % | 8.62 % | -13 % | -18.54 % |
Other Income | Rs. 1.834 Cr | Rs. 3.105 Cr | Rs. 0.323 Cr | -89.6 % | -82.39 % |
Interest | Rs. 3.13 Cr | Rs. 2.49 Cr | Rs. 0.01 Cr | -99.6 % | -99.68 % |
Depreciation | Rs. 7.46 Cr | Rs. 7.61 Cr | Rs. 0.84 Cr | -88.96 % | -88.74 % |
Profit before tax | Rs. 25.14 Cr | Rs. 19.79 Cr | Rs. 1.08 Cr | -94.54 % | -95.7 % |
Tax % | 31.22 % | 23.14 % | 37.14 % | + 14 % | + 5.92 % |
Net Profit | Rs. 17.3 Cr | Rs. 15.21 Cr | Rs. 8.17 Cr | -46.29 % | -52.77 % |
EPS in Rs | Rs. 16.31 | Rs. 14.23 | Rs. 7.79 | -45.26 % | -52.24 % |
Today, we’re looking at Oriental Carbon & Chemicals Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -85.03 %. However, it did see a marginal slip of -84.92 % from the previous quarter. Expenses decreased slightly by -82.42 % quarter-on-quarter, aligning with the annual decline of -81.22 %. Operating profit, while down -95.25 % compared to last year, faced a quarter-on-quarter dip of -93.99 %, 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 -18.54 %, but a shrinkage of -13 % sequentially. Other income fell by -89.6 % compared to the last quarter, despite an annual decline of -82.39 %. Interest expenses dropped significantly by -99.6 % from the previous quarter, yet the year-over-year decrease remains at a moderate -99.68 %. Depreciation costs fell by -88.96 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -88.74 %. Profit before tax declined annually by -95.7 % but saw a reduction from the preceding quarter by -94.54 %.
Tax expenses as a percentage of profits increased slightly by 5.92 % compared to last year, with a more notable quarter-on-quarter increase of 14 %. Net profit fell by -52.77 % year-on-year but witnessed a -46.29 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -52.24 % but a quarterly fall of -45.26 %. In summary, Oriental Carbon & Chemicals 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. 124.8 Cr | Rs. 123.885 Cr | Rs. 18.683 Cr | -84.92 % | -85.03 % |
Expenses | Rs. 90.9 Cr | Rs. 97.11 Cr | Rs. 17.07 Cr | -82.42 % | -81.22 % |
Operating Profit | Rs. 33.9 Cr | Rs. 26.78 Cr | Rs. 1.61 Cr | -93.99 % | -95.25 % |
Net Profit | Rs. 17.3 Cr | Rs. 15.21 Cr | Rs. 8.17 Cr | -46.29 % | -52.77 % |
EPS in Rs | Rs. 16.31 | Rs. 14.23 | Rs. 7.79 | -45.26 % | -52.24 % |
In reviewing Oriental Carbon & Chemicals Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -85.03 % year-on-year, although there was a slight dip of -84.92 % from the previous quarter. Expenses decreased by -81.22 % compared to the previous year, with a decrease of -82.42 % quarter-on-quarter. Operating Profit dropped by -95.25 % annually, and saw a -93.99 % decrease from the last quarter.
Net Profit showed yearly decrease of -52.77 %, and experienced a -46.29 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -52.24 % annually, however dipped by -45.26 % compared to the last quarter. In essence, while Oriental Carbon & Chemicals 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.