Share the post "Rane Engine Valve : Q1 2024 Financial Quarterly Report : YoY Sales Down 0.64 %, QoQ Down 8.48 %"
Highlights
- The presented financial data is Standalone to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company’s sales declined by -0.64 % over the year, decrease in net sales/revenue by -8.48 %.
- 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 739.34 %. Marginal increase in other income during this quarter, up by 237.81%.
- Profit over the Year and quarter: Significant improvement in profitability for Rane Engine Valve Limited. Notable increase of 37.36 % in net profit Year to Year, Rane Engine Valve Limited’s profitability dropped by -49.58 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 34.01 % Year to Year. EPS decreased by -49.54 % 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. 138.01 Cr | Rs. 149.82 Cr | Rs. 137.12 Cr | -8.48 % | -0.64 % |
| Expenses | Rs. 127.4 Cr | Rs. 133.5 Cr | Rs. 130.34 Cr | -2.37 % | + 2.31 % |
| Operating Profit | Rs. 10.61 Cr | Rs. 16.32 Cr | Rs. 6.78 Cr | -58.46 % | -36.1 % |
| OPM % | 7.69 % | 10.89 % | 4.94 % | -5.95 % | -2.75 % |
| Other Income | Rs. -0.61 Cr | Rs. -2.83 Cr | Rs. 3.9 Cr | + 237.81 % | + 739.34 % |
| Interest | Rs. 2.79 Cr | Rs. 2.46 Cr | Rs. 2.59 Cr | + 5.28 % | -7.17 % |
| Depreciation | Rs. 4.69 Cr | Rs. 5 Cr | Rs. 4.85 Cr | -3 % | + 3.41 % |
| Profit before tax | Rs. 2.52 Cr | Rs. 6.03 Cr | Rs. 3.24 Cr | -46.27 % | + 28.57 % |
| Tax % | 30.95 % | 21.39 % | 31.52 % | + 10.13 % | + 0.57 % |
| Net Profit | Rs. 1.74 Cr | Rs. 4.74 Cr | Rs. 2.39 Cr | -49.58 % | + 37.36 % |
| EPS in Rs | Rs. 2.47 | Rs. 6.56 | Rs. 3.31 | -49.54 % | + 34.01 % |
Today, we’re looking at Rane Engine Valve Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -0.64 %. However, it did see a marginal slip of -8.48 % from the previous quarter. Expenses decreased slightly by -2.37 % quarter-on-quarter, aligning with the annual rise of 2.31 %. Operating profit, while down -36.1 % compared to last year, faced a quarter-on-quarter dip of -58.46 %, 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 -2.75 %, but a shrinkage of -5.95 % sequentially. Other income rose by 237.81 % compared to the last quarter, despite an annual growth of 739.34 %. Interest expenses surged remarkably by 5.28 % from the previous quarter, yet the year-over-year decrease remains at a moderate -7.17 %. Depreciation costs fell by -3 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 3.41 %. Profit before tax grew annually by 28.57 % but saw a reduction from the preceding quarter by -46.27 %.
Tax expenses as a percentage of profits increased slightly by 0.57 % compared to last year, with a more notable quarter-on-quarter increase of 10.13 %. Net profit rose by 37.36 % year-on-year but witnessed a -49.58 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 34.01 % but a quarterly fall of -49.54 %. In summary, Rane Engine Valve Limited’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. 138.01 Cr | Rs. 149.82 Cr | Rs. 137.12 Cr | -8.48 % | -0.64 % |
| Expenses | Rs. 127.4 Cr | Rs. 133.5 Cr | Rs. 130.34 Cr | -2.37 % | + 2.31 % |
| Operating Profit | Rs. 10.61 Cr | Rs. 16.32 Cr | Rs. 6.78 Cr | -58.46 % | -36.1 % |
| Net Profit | Rs. 1.74 Cr | Rs. 4.74 Cr | Rs. 2.39 Cr | -49.58 % | + 37.36 % |
| EPS in Rs | Rs. 2.47 | Rs. 6.56 | Rs. 3.31 | -49.54 % | + 34.01 % |
In reviewing Rane Engine Valve Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -0.64 % year-on-year, although there was a slight dip of -8.48 % from the previous quarter. Expenses rose by 2.31 % compared to the previous year, with a decrease of -2.37 % quarter-on-quarter. Operating Profit dropped by -36.1 % annually, and saw a -58.46 % decrease from the last quarter.
Net Profit showed yearly increase of 37.36 %, and experienced a -49.58 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 34.01 % annually, however dipped by -49.54 % compared to the last quarter. In essence, while Rane Engine Valve Limited 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.
