Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 10.4 % in the past year, substantial increase in net sales/revenue by 9.82 %.
- 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 69.14 %. Marginal increase in other income during this quarter, up by 179.59%.
- Profit over the Year and quarter: Challenges in sustaining profitability for Rane Engine Valve Limited. Profit dropped by -2.47 % Year to Year, Rane Engine Valve Limited’s profitability increased by 35.43 % in this quarter.
- EPS over the Year and quarter: EPS declined by -7.74 % Year to Year. EPS increased by 35.54 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 135.71 Cr | Rs. 136.42 Cr | Rs. 149.82 Cr | + 9.82 % | + 10.4 % |
| Expenses | Rs. 119.92 Cr | Rs. 124.63 Cr | Rs. 133.5 Cr | + 7.12 % | + 11.32 % |
| Operating Profit | Rs. 15.79 Cr | Rs. 11.79 Cr | Rs. 16.32 Cr | + 38.42 % | + 3.36 % |
| OPM % | 11.64 % | 8.64 % | 10.89 % | + 2.25 % | -0.75 % |
| Other Income | Rs. 0.81 Cr | Rs. 0.49 Cr | Rs. 1.37 Cr | + 179.59 % | + 69.14 % |
| Interest | Rs. 2.84 Cr | Rs. 2.47 Cr | Rs. 2.46 Cr | -0.4 % | -13.38 % |
| Depreciation | Rs. 5.07 Cr | Rs. 4.69 Cr | Rs. 5 Cr | + 6.61 % | -1.38 % |
| Profit before tax | Rs. 8.69 Cr | Rs. 5.12 Cr | Rs. 10.23 Cr | + 99.8 % | + 17.72 % |
| Tax % | 27.46 % | 31.64 % | 21.39 % | -10.25 % | -6.07 % |
| Net Profit | Rs. 4.86 Cr | Rs. 3.5 Cr | Rs. 4.74 Cr | + 35.43 % | -2.47 % |
| EPS in Rs | Rs. 7.11 | Rs. 4.84 | Rs. 6.56 | + 35.54 % | -7.74 % |
Today, we’re looking at Rane Engine Valve Limited’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 10.4 %. However, it did see a marginal increase of 9.82 % from the previous quarter. Expenses ticked up slightly by 7.12 % quarter-on-quarter, aligning with the annual rise of 11.32 %. Operating profit, while up 3.36 % compared to last year, faced a quarter-on-quarter increase of 38.42 %, 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 -0.75 %, but an expansion of 2.25 % sequentially. Other income rose by 179.59 % compared to the last quarter, despite an annual growth of 69.14 %. Interest expenses dropped significantly by -0.4 % from the previous quarter, yet the year-over-year decrease remains at a moderate -13.38 %. Depreciation costs climbed by 6.61 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -1.38 %. Profit before tax grew annually by 17.72 % but saw an increase from the preceding quarter by 99.8 %.
Tax expenses as a percentage of profits decreased slightly by -6.07 % compared to last year, with a more notable quarter-on-quarter decrease of -10.25 %. Net profit fell by -2.47 % year-on-year but experienced a 35.43 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -7.74 % but a quarterly rise of 35.54 %. 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. 135.71 Cr | Rs. 136.42 Cr | Rs. 149.82 Cr | + 9.82 % | + 10.4 % |
| Expenses | Rs. 119.92 Cr | Rs. 124.63 Cr | Rs. 133.5 Cr | + 7.12 % | + 11.32 % |
| Operating Profit | Rs. 15.79 Cr | Rs. 11.79 Cr | Rs. 16.32 Cr | + 38.42 % | + 3.36 % |
| Net Profit | Rs. 4.86 Cr | Rs. 3.5 Cr | Rs. 4.74 Cr | + 35.43 % | -2.47 % |
| EPS in Rs | Rs. 7.11 | Rs. 4.84 | Rs. 6.56 | + 35.54 % | -7.74 % |
In reviewing Rane Engine Valve Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 10.4 % year-on-year growth, however, there was a minor increase of 9.82 % from the previous quarter. Expenses rose by 11.32 % compared to the previous year, with a 7.12 % increase quarter-on-quarter. Operating Profit surged by 3.36 % annually, and saw a 38.42 % increase from the last quarter.
Net Profit showed yearly decrease of -2.47 %, and experienced a 35.43 % increase from the previous quarter. Earnings Per Share (EPS) fell by -7.74 % annually, however rose by 35.54 % compared to the last quarter. In essence, while Rane Engine Valve Limited 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.
