Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 9.18% in the past year Substantial increase in net sales/revenue by 2.96%.
- 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 19.05%Marginal increase in other income during this quarter, up by 1350%.
- Profit over the Year and quarter: Challenges in sustaining profitability for Rajratan Global Wire Ltd. Profit dropped by -0.15% Year to YearRajratan Global Wire Ltd’s profitability increased by 2.85% in this quarter.
- EPS over the Year and quarter: EPS increased by 0.00% Year to Year.EPS increased by 2.84%. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 219.43 Cr | Rs. 232.69 Cr | Rs. 239.57 Cr | + 2.96% | + 9.18% |
| Expenses | Rs. 185.63 Cr | Rs. 198.46 Cr | Rs. 205.17 Cr | + 3.38% | + 10.53% |
| Operating Profit | Rs. 33.8 Cr | Rs. 34.23 Cr | Rs. 34.4 Cr | + 0.5% | + 1.78% |
| OPM % | 15.4 % | 14.71 % | 14.36 % | -0.35% | -1.04% |
| Other Income | Rs. 0.84 Cr | Rs. -0.08 Cr | Rs. 1 Cr | + 1350% | + 19.05% |
| Interest | Rs. 3.98 Cr | Rs. 5.03 Cr | Rs. 4.43 Cr | -11.93% | + 11.31% |
| Depreciation | Rs. 4.86 Cr | Rs. 4.64 Cr | Rs. 4.55 Cr | -1.94% | -6.38% |
| Profit before tax | Rs. 25.8 Cr | Rs. 24.48 Cr | Rs. 26.42 Cr | + 7.92% | + 2.4% |
| Tax % | 21.43 % | 19.61 % | 23.39 % | + 3.78% | + 1.96% |
| Net Profit | Rs. 20.27 Cr | Rs. 19.68 Cr | Rs. 20.24 Cr | + 2.85% | -0.15% |
| EPS in Rs | Rs. 3.99 | Rs. 3.88 | Rs. 3.99 | + 2.84% | + 0% |
Today, we’re looking at Rajratan Global Wire Ltd’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 9.18%. However, it did see a marginal increase of 2.96% from the previous quarter.Expenses ticked up slightly by 3.38% quarter-on-quarter, aligning with the annual rise of 10.53%. Operating profit, while up 1.78% compared to last year, faced a quarter-on-quarter increase of 0.5%, 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 -1.04%, but a shrinkage of -0.35% sequentially. Other income rose by 1350% compared to the last quarter,despite an annual growth of 19.05%. Interest expenses dropped significantly by -11.93% from the previous quarter, yet the year-over-year increase remains at a moderate 11.31%. Depreciation costs fell by -1.94% quarter-on-quarter, yet on an annual scale, they experienced a reduction of -6.38%. Profit before tax grew annually by 2.4% but saw an increase from the preceding quarter by 7.92%.
Tax expenses as a percentage of profits increased slightly by 1.96% compared to last year, with a more notable quarter-on-quarter increase of 3.78%. Net profit fell by -0.15% year-on-yearbut experienced a 2.85% expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 0% but a quarterly rise of 2.84%. In summary, Rajratan Global Wire 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. 219.43 Cr | Rs. 232.69 Cr | Rs. 239.57 Cr | + 2.96% | + 9.18% |
| Expenses | Rs. 185.63 Cr | Rs. 198.46 Cr | Rs. 205.17 Cr | + 3.38% | + 10.53% |
| Operating Profit | Rs. 33.8 Cr | Rs. 34.23 Cr | Rs. 34.4 Cr | + 0.5% | + 1.78% |
| Net Profit | Rs. 20.27 Cr | Rs. 19.68 Cr | Rs. 20.24 Cr | + 2.85% | -0.15% |
| EPS in Rs | Rs. 3.99 | Rs. 3.88 | Rs. 3.99 | + 2.84% | + 0% |
In reviewing Rajratan Global Wire Ltd’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 13.62% year-on-year growth, however, there was a minor increase of 2.96% from the previous quarter. Expenses rose by 10.53% compared to the previous year, with a 3.38% increase quarter-on-quarter. Operating Profit surged by 1.78% annually, and saw a 0.5% increase from the last quarter.
Net Profit showed yearly decrease of -0.15%, and experienced a 2.85% increase from the previous quarter. Earnings Per Share (EPS) rose by 0% annually, however rose by 2.84% compared to the last quarter. In essence, while Rajratan Global Wire 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.
