Share the post "Rane (Madras) ‘s Q2 Update: Revenue Decreases by 13.45% Year-on-Year"
Highlights
- The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company’s sales declined by -13.45 % over the year, substantial increase in net sales/revenue by 1.34 %.
- 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 101.85 %. Marginal increase in other income during this quarter, up by 8.28%.
- Profit over the Year and quarter: Challenges in sustaining profitability for Rane (Madras) Limited. Profit dropped by -103.83 % Year to Year, Rane (Madras) Limited’s profitability dropped by -119.94 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -103.84 % Year to Year. EPS decreased by -120 % 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. 611.24 Cr | Rs. 522.01 Cr | Rs. 529.02 Cr | + 1.34 % | -13.45 % |
Expenses | Rs. 579.36 Cr | Rs. 481.49 Cr | Rs. 493.26 Cr | + 2.44 % | -14.86 % |
Operating Profit | Rs. 31.88 Cr | Rs. 40.52 Cr | Rs. 35.76 Cr | -11.75 % | + 12.17 % |
OPM % | 5.22 % | 7.76 % | 6.76 % | -1 % | + 1.54 % |
Other Income | Rs. -84.82 Cr | Rs. 1.45 Cr | Rs. 1.57 Cr | + 8.28 % | + 101.85 % |
Interest | Rs. 13.46 Cr | Rs. 14.83 Cr | Rs. 15.63 Cr | + 5.39 % | + 16.12 % |
Depreciation | Rs. 23.94 Cr | Rs. 21.14 Cr | Rs. 21.31 Cr | + 0.8 % | -10.99 % |
Profit before tax | Rs. -90.34 Cr | Rs. 6 Cr | Rs. 0.39 Cr | -93.5 % | + 100.43 % |
Tax % | -119.67 % | 43.17 % | 274.36 % | + 231.19 % | + 394.03 % |
Net Profit | Rs. 17.77 Cr | Rs. 3.41 Cr | Rs. -0.68 Cr | -119.94 % | -103.83 % |
EPS in Rs | Rs. 10.93 | Rs. 2.1 | Rs. -0.42 | -120 % | -103.84 % |
Today, we’re looking at Rane (Madras) Limited’s financial performance for the Q2(Sep 2024-25).Starting with the top line, the company reported a significant year-over-year sales decline of -13.45 %. However, it did see a marginal increase of 1.34 % from the previous quarter. Expenses ticked up slightly by 2.44 % quarter-on-quarter, aligning with the annual decline of -14.86 %. Operating profit, while up 12.17 % compared to last year, faced a quarter-on-quarter dip of -11.75 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 1.54 %, but a shrinkage of -1 % sequentially. Other income rose by 8.28 % compared to the last quarter, despite an annual growth of 101.85 %. Interest expenses surged remarkably by 5.39 % from the previous quarter, yet the year-over-year increase remains at a moderate 16.12 %. Depreciation costs climbed by 0.8 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -10.99 %. Profit before tax grew annually by 100.43 % but saw a reduction from the preceding quarter by -93.5 %.
Tax expenses as a percentage of profits increased slightly by 394.03 % compared to last year, with a more notable quarter-on-quarter increase of 231.19 %. Net profit fell by -103.83 % year-on-year but witnessed a -119.94 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -103.84 % but a quarterly fall of -120 %. In summary, Rane (Madras) 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. 611.24 Cr | Rs. 522.01 Cr | Rs. 529.02 Cr | + 1.34 % | -13.45 % |
Expenses | Rs. 579.36 Cr | Rs. 481.49 Cr | Rs. 493.26 Cr | + 2.44 % | -14.86 % |
Operating Profit | Rs. 31.88 Cr | Rs. 40.52 Cr | Rs. 35.76 Cr | -11.75 % | + 12.17 % |
Net Profit | Rs. 17.77 Cr | Rs. 3.41 Cr | Rs. -0.68 Cr | -119.94 % | -103.83 % |
EPS in Rs | Rs. 10.93 | Rs. 2.1 | Rs. -0.42 | -120 % | -103.84 % |
In reviewing Rane (Madras) Limited’s 2024-25(Q2) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -13.45 % year-on-year, however, there was a minor increase of 1.34 % from the previous quarter. Expenses decreased by -14.86 % compared to the previous year, with a 2.44 % increase quarter-on-quarter. Operating Profit surged by 12.17 % annually, and saw a -11.75 % decrease from the last quarter.
Net Profit showed yearly decrease of -103.83 %, and experienced a -119.94 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -103.84 % annually, however dipped by -120 % compared to the last quarter. In essence, while Rane (Madras) 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.
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