Share the post "Rain Industries Limited’s Quarterly Result and Earnings Report for Q4(Mar 2024) : Sales decreased by 30.14 % in YoY and decreased by 10.49 % in QoQ"
Highlights
- Sales over the Year and quarter: The company’s sales declined by -30.14 % over the year, decrease in net sales/revenue by -10.49 %.
- 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 116.37 %. Marginal decrease of -26.58% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Rain Industries Limited. Profit dropped by -182.07 % Year to Year, Rain Industries Limited’s profitability dropped by -89.21 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -238.66 % Year to Year. EPS decreased by -86.95 % 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. 5253.494 Cr | Rs. 4100.58 Cr | Rs. 3670.236 Cr | -10.49 % | -30.14 % |
| Expenses | Rs. 4719.76 Cr | Rs. 4712.35 Cr | Rs. 3327.87 Cr | -29.38 % | -29.49 % |
| Operating Profit | Rs. 533.73 Cr | Rs. -611.77 Cr | Rs. 342.37 Cr | + 155.96 % | -35.85 % |
| OPM % | 10.16 % | -14.92 % | 9.33 % | + 24.25 % | -0.83 % |
| Other Income | Rs. 24.8 Cr | Rs. 73.09 Cr | Rs. 53.66 Cr | -26.58 % | + 116.37 % |
| Interest | Rs. 162.78 Cr | Rs. 245.34 Cr | Rs. 234.98 Cr | -4.22 % | + 44.35 % |
| Depreciation | Rs. 192.73 Cr | Rs. 195.35 Cr | Rs. 194.91 Cr | -0.23 % | + 1.13 % |
| Profit before tax | Rs. 203.02 Cr | Rs. -979.37 Cr | Rs. -33.86 Cr | + 96.54 % | -116.68 % |
| Tax % | 30.12 % | -10.15 % | -243.89 % | -233.74 % | -274.01 % |
| Net Profit | Rs. 141.88 Cr | Rs. -1078.87 Cr | Rs. -116.44 Cr | + 89.21 % | -182.07 % |
| EPS in Rs | Rs. 3.13 | Rs. -33.26 | Rs. -4.34 | + 86.95 % | -238.66 % |
Today, we’re looking at Rain Industries Limited’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -30.14 %. However, it did see a marginal slip of -10.49 % from the previous quarter. Expenses decreased slightly by -29.38 % quarter-on-quarter, aligning with the annual decline of -29.49 %. Operating profit, while down -35.85 % compared to last year, faced a quarter-on-quarter increase of 155.96 %, 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 -0.83 %, but an expansion of 24.25 % sequentially. Other income fell by -26.58 % compared to the last quarter, despite an annual growth of 116.37 %. Interest expenses dropped significantly by -4.22 % from the previous quarter, yet the year-over-year increase remains at a moderate 44.35 %. Depreciation costs fell by -0.23 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 1.13 %. Profit before tax declined annually by -116.68 % but saw an increase from the preceding quarter by 96.54 %.
Tax expenses as a percentage of profits decreased slightly by -274.01 % compared to last year, with a more notable quarter-on-quarter decrease of -233.74 %. Net profit fell by -182.07 % year-on-year but experienced a 89.21 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -238.66 % but a quarterly rise of 86.95 %. In summary, Rain Industries 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. 5253.494 Cr | Rs. 4100.58 Cr | Rs. 3670.236 Cr | -10.49 % | -30.14 % |
| Expenses | Rs. 4719.76 Cr | Rs. 4712.35 Cr | Rs. 3327.87 Cr | -29.38 % | -29.49 % |
| Operating Profit | Rs. 533.73 Cr | Rs. -611.77 Cr | Rs. 342.37 Cr | + 155.96 % | -35.85 % |
| Net Profit | Rs. 141.88 Cr | Rs. -1078.87 Cr | Rs. -116.44 Cr | + 89.21 % | -182.07 % |
| EPS in Rs | Rs. 3.13 | Rs. -33.26 | Rs. -4.34 | + 86.95 % | -238.66 % |
In reviewing Rain Industries Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -30.14 % year-on-year, although there was a slight dip of -10.49 % from the previous quarter. Expenses decreased by -29.49 % compared to the previous year, with a decrease of -29.38 % quarter-on-quarter. Operating Profit dropped by -35.85 % annually, and saw a 155.96 % increase from the last quarter.
Net Profit showed yearly decrease of -182.07 %, and experienced a 89.21 % increase from the previous quarter. Earnings Per Share (EPS) fell by -238.66 % annually, however rose by 86.95 % compared to the last quarter. In essence, while Rain Industries 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.
