Share the post "Rajoo Engineers : Q1 2024 Financial Quarterly Report : YoY Sales Up 63.01 %, QoQ Down 3.42 %"
Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 63.01 % in the past year, decrease in net sales/revenue by -3.42 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -0.81 %, Marginal decrease of -19.74% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Rajoo Engineers Ltd.. Notable increase of 122.47 % in net profit Year to Year, Rajoo Engineers Ltd.’s profitability dropped by -22.72 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 122.50 % Year to Year. EPS decreased by -22.61 % 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. 31.21 Cr | Rs. 52.676 Cr | Rs. 50.874 Cr | -3.42 % | + 63.01 % |
| Expenses | Rs. 28.29 Cr | Rs. 43.71 Cr | Rs. 43.76 Cr | + 0.11 % | + 54.68 % |
| Operating Profit | Rs. 2.92 Cr | Rs. 8.97 Cr | Rs. 7.11 Cr | -20.74 % | + 143.49 % |
| OPM % | 9.36 % | 17.03 % | 13.98 % | -3.05 % | + 4.62 % |
| Other Income | Rs. 1.23 Cr | Rs. 1.52 Cr | Rs. 1.22 Cr | -19.74 % | -0.81 % |
| Interest | Rs. 0.09 Cr | Rs. 0.26 Cr | Rs. 0.16 Cr | -38.46 % | + 77.78 % |
| Depreciation | Rs. 0.87 Cr | Rs. 0.91 Cr | Rs. 0.99 Cr | + 8.79 % | + 13.79 % |
| Profit before tax | Rs. 3.19 Cr | Rs. 9.32 Cr | Rs. 7.18 Cr | -22.96 % | + 125.08 % |
| Tax % | 22.94 % | 26.2 % | 24.21 % | -1.99 % | + 1.27 % |
| Net Profit | Rs. 2.46 Cr | Rs. 7.09 Cr | Rs. 5.48 Cr | -22.71 % | + 122.76 % |
| EPS in Rs | Rs. 0.4 | Rs. 1.15 | Rs. 0.89 | -22.61 % | + 122.5 % |
Today, we’re looking at Rajoo Engineers 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 63.01 %. However, it did see a marginal slip of -3.42 % from the previous quarter. Expenses ticked up slightly by 0.11 % quarter-on-quarter, aligning with the annual rise of 54.68 %. Operating profit, while up 143.49 % compared to last year, faced a quarter-on-quarter dip of -20.74 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 4.62 %, but a shrinkage of -3.05 % sequentially. Other income fell by -19.74 % compared to the last quarter, despite an annual decline of -0.81 %. Interest expenses dropped significantly by -38.46 % from the previous quarter, yet the year-over-year increase remains at a moderate 77.78 %. Depreciation costs climbed by 8.79 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 13.79 %. Profit before tax grew annually by 125.08 % but saw a reduction from the preceding quarter by -22.96 %.
Tax expenses as a percentage of profits increased slightly by 1.27 % compared to last year, with a more notable quarter-on-quarter decrease of -1.99 %. Net profit rose by 122.76 % year-on-year but witnessed a -22.71 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 122.5 % but a quarterly fall of -22.61 %. In summary, Rajoo Engineers 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. 31.21 Cr | Rs. 52.676 Cr | Rs. 50.874 Cr | -3.42 % | + 63.01 % |
| Expenses | Rs. 28.29 Cr | Rs. 43.71 Cr | Rs. 43.76 Cr | + 0.11 % | + 54.68 % |
| Operating Profit | Rs. 2.92 Cr | Rs. 8.97 Cr | Rs. 7.11 Cr | -20.74 % | + 143.49 % |
| Net Profit | Rs. 2.46 Cr | Rs. 7.09 Cr | Rs. 5.48 Cr | -22.71 % | + 122.76 % |
| EPS in Rs | Rs. 0.4 | Rs. 1.15 | Rs. 0.89 | -22.61 % | + 122.5 % |
In reviewing Rajoo Engineers Ltd.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 63.01 % year-on-year growth, although there was a slight dip of -3.42 % from the previous quarter. Expenses rose by 54.68 % compared to the previous year, with a 0.11 % increase quarter-on-quarter. Operating Profit surged by 143.49 % annually, and saw a -20.74 % decrease from the last quarter.
Net Profit showed yearly increase of 122.76 %, and experienced a -22.71 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 122.5 % annually, however dipped by -22.61 % compared to the last quarter. In essence, while Rajoo Engineers Ltd. exhibits strong annual growth indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.
