Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 14.76 % in the past year, decrease in net sales/revenue by -3.26 %.
- 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 937.43 %. Marginal increase in other income during this quarter, up by 1113.73%.
- Profit over the Year and quarter: Significant improvement in profitability for ramkrishna forgings Ltd.. Notable increase of 37.1 % in net profit Year to Year, ramkrishna forgings Ltd.’s profitability increased by 8.04 % in this quarter.
- EPS over the Year and quarter: EPS increased by 21.26 % Year to Year. EPS increased by 3.39 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 891.642 Cr | Rs. 1057.791 Cr | Rs. 1023.265 Cr | -3.26 % | + 14.76 % |
| Expenses | Rs. 697.64 Cr | Rs. 833.29 Cr | Rs. 805.8 Cr | -3.3 % | + 15.5 % |
| Operating Profit | Rs. 194 Cr | Rs. 224.5 Cr | Rs. 217.47 Cr | -3.13 % | + 12.1 % |
| OPM % | 21.76 % | 21.22 % | 21.25 % | + 0.03 % | -0.51 % |
| Other Income | Rs. 1.79 Cr | Rs. 1.53 Cr | Rs. 18.57 Cr | + 1113.73 % | + 937.43 % |
| Interest | Rs. 33.55 Cr | Rs. 41.04 Cr | Rs. 35.69 Cr | -13.04 % | + 6.38 % |
| Depreciation | Rs. 55.8 Cr | Rs. 67.63 Cr | Rs. 71.9 Cr | + 6.31 % | + 28.85 % |
| Profit before tax | Rs. 106.44 Cr | Rs. 117.36 Cr | Rs. 128.45 Cr | + 9.45 % | + 20.68 % |
| Tax % | 35.7 % | 25.99 % | 26.83 % | + 0.84 % | -8.87 % |
| Net Profit | Rs. 68.45 Cr | Rs. 86.86 Cr | Rs. 93.85 Cr | + 8.05 % | + 37.11 % |
| EPS in Rs | Rs. 4.28 | Rs. 5.02 | Rs. 5.19 | + 3.39 % | + 21.26 % |
Today, we’re looking at ramkrishna forgings 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 14.76 %. However, it did see a marginal slip of -3.26 % from the previous quarter. Expenses decreased slightly by -3.3 % quarter-on-quarter, aligning with the annual rise of 15.5 %. Operating profit, while up 12.1 % compared to last year, faced a quarter-on-quarter dip of -3.13 %, 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 -0.51 %, but an expansion of 0.03 % sequentially. Other income rose by 1113.73 % compared to the last quarter, despite an annual growth of 937.43 %. Interest expenses dropped significantly by -13.04 % from the previous quarter, yet the year-over-year increase remains at a moderate 6.38 %. Depreciation costs climbed by 6.31 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 28.85 %. Profit before tax grew annually by 20.68 % but saw an increase from the preceding quarter by 9.45 %.
Tax expenses as a percentage of profits decreased slightly by -8.87 % compared to last year, with a more notable quarter-on-quarter increase of 0.84 %. Net profit rose by 37.11 % year-on-year but experienced a 8.05 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 21.26 % but a quarterly rise of 3.39 %. 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. 891.642 Cr | Rs. 1057.791 Cr | Rs. 1023.265 Cr | -3.26 % | + 14.76 % |
| Expenses | Rs. 697.64 Cr | Rs. 833.29 Cr | Rs. 805.8 Cr | -3.3 % | + 15.5 % |
| Operating Profit | Rs. 194 Cr | Rs. 224.5 Cr | Rs. 217.47 Cr | -3.13 % | + 12.1 % |
| Net Profit | Rs. 68.45 Cr | Rs. 86.86 Cr | Rs. 93.85 Cr | + 8.05 % | + 37.11 % |
| EPS in Rs | Rs. 4.28 | Rs. 5.02 | Rs. 5.19 | + 3.39 % | + 21.26 % |
In reviewing ramkrishna forgings Ltd.’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 14.76 % year-on-year growth, although there was a slight dip of -3.26 % from the previous quarter. Expenses rose by 15.5 % compared to the previous year, with a decrease of -3.3 % quarter-on-quarter. Operating Profit surged by 12.1 % annually, and saw a -3.13 % decrease from the last quarter.
Net Profit showed yearly increase of 37.11 %, and experienced a 8.05 % increase from the previous quarter. Earnings Per Share (EPS) rose by 21.26 % annually, however rose by 3.39 % compared to the last quarter. In essence, while ramkrishna forgings 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.
