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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 experienced a substantial growth of 6.12 % in the past year, substantial increase in net sales/revenue by 11.67 %.
- 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 54.48 %. Marginal increase in other income during this quarter, up by 31.02%.
- Profit over the Year and quarter: Significant improvement in profitability for Rajoo Engineers Ltd.. Notable increase of 47.92 % in net profit Year to Year, Rajoo Engineers Ltd.’s profitability increased by 44.89 % in this quarter.
- EPS over the Year and quarter: EPS declined by -26.44 % Year to Year. EPS decreased by -28.09 % 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. 53.532 Cr | Rs. 50.874 Cr | Rs. 56.809 Cr | + 11.67 % | + 6.12 % |
| Expenses | Rs. 46.36 Cr | Rs. 43.76 Cr | Rs. 47.66 Cr | + 8.91 % | + 2.8 % |
| Operating Profit | Rs. 7.17 Cr | Rs. 7.11 Cr | Rs. 9.15 Cr | + 28.69 % | + 27.62 % |
| OPM % | 13.39 % | 13.98 % | 16.11 % | + 2.13 % | + 2.72 % |
| Other Income | Rs. 0.916 Cr | Rs. 1.08 Cr | Rs. 1.415 Cr | + 31.02 % | + 54.48 % |
| Interest | Rs. 0.15 Cr | Rs. 0.16 Cr | Rs. 0.16 Cr | + 0 % | + 6.67 % |
| Depreciation | Rs. 0.86 Cr | Rs. 0.99 Cr | Rs. 1.05 Cr | + 6.06 % | + 22.09 % |
| Profit before tax | Rs. 7.08 Cr | Rs. 7.04 Cr | Rs. 9.36 Cr | + 32.95 % | + 32.2 % |
| Tax % | 25.29 % | 24.21 % | 22.64 % | -1.57 % | -2.65 % |
| Net Profit | Rs. 5.36 Cr | Rs. 5.48 Cr | Rs. 7.93 Cr | + 44.71 % | + 47.95 % |
| EPS in Rs | Rs. 0.87 | Rs. 0.89 | Rs. 0.64 | -28.09 % | -26.44 % |
Today, we’re looking at Rajoo Engineers Ltd.’s financial performance for the Q2(Sep 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 6.12 %. However, it did see a marginal increase of 11.67 % from the previous quarter. Expenses ticked up slightly by 8.91 % quarter-on-quarter, aligning with the annual rise of 2.8 %. Operating profit, while up 27.62 % compared to last year, faced a quarter-on-quarter increase of 28.69 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 2.72 %, but an expansion of 2.13 % sequentially. Other income rose by 31.02 % compared to the last quarter, despite an annual growth of 54.48 %. Interest expenses surged remarkably by 0 % from the previous quarter, yet the year-over-year increase remains at a moderate 6.67 %. Depreciation costs climbed by 6.06 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 22.09 %. Profit before tax grew annually by 32.2 % but saw an increase from the preceding quarter by 32.95 %.
Tax expenses as a percentage of profits decreased slightly by -2.65 % compared to last year, with a more notable quarter-on-quarter decrease of -1.57 %. Net profit rose by 47.95 % year-on-year but experienced a 44.71 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -26.44 % but a quarterly fall of -28.09 %. 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. 53.532 Cr | Rs. 50.874 Cr | Rs. 56.809 Cr | + 11.67 % | + 6.12 % |
| Expenses | Rs. 46.36 Cr | Rs. 43.76 Cr | Rs. 47.66 Cr | + 8.91 % | + 2.8 % |
| Operating Profit | Rs. 7.17 Cr | Rs. 7.11 Cr | Rs. 9.15 Cr | + 28.69 % | + 27.62 % |
| Net Profit | Rs. 5.36 Cr | Rs. 5.48 Cr | Rs. 7.93 Cr | + 44.71 % | + 47.95 % |
| EPS in Rs | Rs. 0.87 | Rs. 0.89 | Rs. 0.64 | -28.09 % | -26.44 % |
In reviewing Rajoo Engineers Ltd.’s 2024(Q2) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 6.12 % year-on-year growth, however, there was a minor increase of 11.67 % from the previous quarter. Expenses rose by 2.8 % compared to the previous year, with a 8.91 % increase quarter-on-quarter. Operating Profit surged by 27.62 % annually, and saw a 28.69 % increase from the last quarter.
Net Profit showed yearly increase of 47.95 %, and experienced a 44.71 % increase from the previous quarter. Earnings Per Share (EPS) fell by -26.44 % annually, however dipped by -28.09 % compared to the last quarter. In essence, while Rajoo Engineers Ltd. exhibits strong annual growth 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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