Share the post "ramkrishna forgings : Q1 2024 Financial Quarterly Report : YoY Sales Up 12.63 %, QoQ Down 1.78 %"
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 12.63 % in the past year, decrease in net sales/revenue by -1.78 %.
- 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 83.46 %. Marginal decrease of -53.48% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for ramkrishna forgings Ltd.. Notable increase of 3.02 % in net profit Year to Year, ramkrishna forgings Ltd.’s profitability dropped by -13.8 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -8.76 % Year to Year. EPS decreased by -13.68 % 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. 892.336 Cr | Rs. 1023.265 Cr | Rs. 1005.021 Cr | -1.78 % | + 12.63 % |
| Expenses | Rs. 700.36 Cr | Rs. 805.8 Cr | Rs. 797.2 Cr | -1.07 % | + 13.83 % |
| Operating Profit | Rs. 191.98 Cr | Rs. 217.47 Cr | Rs. 207.82 Cr | -4.44 % | + 8.25 % |
| OPM % | 21.51 % | 21.25 % | 20.68 % | -0.57 % | -0.83 % |
| Other Income | Rs. 4.661 Cr | Rs. 18.382 Cr | Rs. 8.551 Cr | -53.48 % | + 83.46 % |
| Interest | Rs. 35.86 Cr | Rs. 35.69 Cr | Rs. 37.79 Cr | + 5.88 % | + 5.38 % |
| Depreciation | Rs. 57.15 Cr | Rs. 71.9 Cr | Rs. 62.47 Cr | -13.12 % | + 9.31 % |
| Profit before tax | Rs. 103.63 Cr | Rs. 128.26 Cr | Rs. 116.11 Cr | -9.47 % | + 12.04 % |
| Tax % | 24.22 % | 26.83 % | 30.32 % | + 3.49 % | + 6.1 % |
| Net Profit | Rs. 78.53 Cr | Rs. 93.85 Cr | Rs. 80.9 Cr | -13.8 % | + 3.02 % |
| EPS in Rs | Rs. 4.85 | Rs. 5.19 | Rs. 4.47 | -13.87 % | -7.84 % |
Today, we’re looking at ramkrishna forgings 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 12.63 %. However, it did see a marginal slip of -1.78 % from the previous quarter. Expenses decreased slightly by -1.07 % quarter-on-quarter, aligning with the annual rise of 13.83 %. Operating profit, while up 8.25 % compared to last year, faced a quarter-on-quarter dip of -4.44 %, 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 -0.83 %, but a shrinkage of -0.57 % sequentially. Other income fell by -53.48 % compared to the last quarter, despite an annual growth of 83.46 %. Interest expenses surged remarkably by 5.88 % from the previous quarter, yet the year-over-year increase remains at a moderate 5.38 %. Depreciation costs fell by -13.12 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 9.31 %. Profit before tax grew annually by 12.04 % but saw a reduction from the preceding quarter by -9.47 %.
Tax expenses as a percentage of profits increased slightly by 6.1 % compared to last year, with a more notable quarter-on-quarter increase of 3.49 %. Net profit rose by 3.02 % year-on-year but witnessed a -13.8 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -7.84 % but a quarterly fall of -13.87 %. In summary, ramkrishna forgings 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. 892.336 Cr | Rs. 1023.265 Cr | Rs. 1005.021 Cr | -1.78 % | + 12.63 % |
| Expenses | Rs. 700.36 Cr | Rs. 805.8 Cr | Rs. 797.2 Cr | -1.07 % | + 13.83 % |
| Operating Profit | Rs. 191.98 Cr | Rs. 217.47 Cr | Rs. 207.82 Cr | -4.44 % | + 8.25 % |
| Net Profit | Rs. 78.53 Cr | Rs. 93.85 Cr | Rs. 80.9 Cr | -13.8 % | + 3.02 % |
| EPS in Rs | Rs. 4.85 | Rs. 5.19 | Rs. 4.47 | -13.87 % | -7.84 % |
In reviewing ramkrishna forgings Ltd.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 12.63 % year-on-year growth, although there was a slight dip of -1.78 % from the previous quarter. Expenses rose by 13.83 % compared to the previous year, with a decrease of -1.07 % quarter-on-quarter. Operating Profit surged by 8.25 % annually, and saw a -4.44 % decrease from the last quarter.
Net Profit showed yearly increase of 3.02 %, and experienced a -13.8 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -7.84 % annually, however dipped by -13.87 % compared to the last quarter. In essence, while ramkrishna forgings 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.
