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Share the post "Rain Industries ‘s Q2 Update: Revenue Decreases by 5.43% Year-on-Year"
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 -5.43 % over the year, decrease in net sales/revenue by -3.9 %.
- 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 103.18 %. Marginal increase in other income during this quarter, up by 68.4%.
- Profit over the Year and quarter: Significant improvement in profitability for Rain Industries Limited. Notable increase of 135.63 % in net profit Year to Year, Rain Industries Limited’s profitability increased by 245.33 % in this quarter.
- EPS over the Year and quarter: EPS increased by 98.88 % Year to Year. EPS increased by 130.74 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 4160.264 Cr | Rs. 4094.149 Cr | Rs. 3934.279 Cr | -3.9 % | -5.43 % |
| Expenses | Rs. 3794.25 Cr | Rs. 3724.87 Cr | Rs. 3717.83 Cr | -0.19 % | -2.01 % |
| Operating Profit | Rs. 366.01 Cr | Rs. 369.28 Cr | Rs. 216.45 Cr | -41.39 % | -40.86 % |
| OPM % | 8.8 % | 9.02 % | 5.5 % | -3.52 % | -3.3 % |
| Other Income | Rs. 48.656 Cr | Rs. 58.706 Cr | Rs. 98.858 Cr | + 68.4 % | + 103.18 % |
| Interest | Rs. 241.68 Cr | Rs. 244.68 Cr | Rs. 233.53 Cr | -4.56 % | -3.37 % |
| Depreciation | Rs. 192.52 Cr | Rs. 185.53 Cr | Rs. 189.47 Cr | + 2.12 % | -1.58 % |
| Profit before tax | Rs. -19.53 Cr | Rs. -2.22 Cr | Rs. -107.69 Cr | -4750.9 % | -451.41 % |
| Tax % | -236.56 % | -1914.64 % | -43.88 % | + 1870.76 % | + 192.68 % |
| Net Profit | Rs. -65.75 Cr | Rs. -44.87 Cr | Rs. -154.94 Cr | -245.31 % | -135.65 % |
| EPS in Rs | Rs. -2.68 | Rs. -2.31 | Rs. -5.33 | -130.74 % | -98.88 % |
Today, we’re looking at Rain Industries Limited’s financial performance for the Q2(Sep 2024-25).Starting with the top line, the company reported a significant year-over-year sales decline of -5.43 %. However, it did see a marginal slip of -3.9 % from the previous quarter. Expenses decreased slightly by -0.19 % quarter-on-quarter, aligning with the annual decline of -2.01 %. Operating profit, while down -40.86 % compared to last year, faced a quarter-on-quarter dip of -41.39 %, 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 -3.3 %, but a shrinkage of -3.52 % sequentially. Other income rose by 68.4 % compared to the last quarter, despite an annual growth of 103.18 %. Interest expenses dropped significantly by -4.56 % from the previous quarter, yet the year-over-year decrease remains at a moderate -3.37 %. Depreciation costs climbed by 2.12 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -1.58 %. Profit before tax declined annually by -451.41 % but saw a reduction from the preceding quarter by -4750.9 %.
Tax expenses as a percentage of profits increased slightly by 192.68 % compared to last year, with a more notable quarter-on-quarter increase of 1870.76 %. Net profit fell by -135.65 % year-on-year but witnessed a -245.31 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -98.88 % but a quarterly fall of -130.74 %. 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. 4160.264 Cr | Rs. 4094.149 Cr | Rs. 3934.279 Cr | -3.9 % | -5.43 % |
| Expenses | Rs. 3794.25 Cr | Rs. 3724.87 Cr | Rs. 3717.83 Cr | -0.19 % | -2.01 % |
| Operating Profit | Rs. 366.01 Cr | Rs. 369.28 Cr | Rs. 216.45 Cr | -41.39 % | -40.86 % |
| Net Profit | Rs. -65.75 Cr | Rs. -44.87 Cr | Rs. -154.94 Cr | -245.31 % | -135.65 % |
| EPS in Rs | Rs. -2.68 | Rs. -2.31 | Rs. -5.33 | -130.74 % | -98.88 % |
In reviewing Rain Industries Limited’s 2024-25(Q2) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -5.43 % year-on-year, although there was a slight dip of -3.9 % from the previous quarter. Expenses decreased by -2.01 % compared to the previous year, with a decrease of -0.19 % quarter-on-quarter. Operating Profit dropped by -40.86 % annually, and saw a -41.39 % decrease from the last quarter.
Net Profit showed yearly decrease of -135.65 %, and experienced a -245.31 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -98.88 % annually, however dipped by -130.74 % compared to the last quarter. In essence, while Rain Industries 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.
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