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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 -35.07 % over the year, decrease in net sales/revenue by -5.8 %.
- 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 210.11 %. Marginal decrease of -65.24% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Rasandik Engg. Industries India Ltd. Profit dropped by -173.65 % Year to Year, Rasandik Engg. Industries India Ltd’s profitability dropped by -88.52 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -173.80 % Year to Year. EPS decreased by -88.5 % 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. 27.513 Cr | Rs. 18.963 Cr | Rs. 17.863 Cr | -5.8 % | -35.07 % |
| Expenses | Rs. 27.32 Cr | Rs. 21.9 Cr | Rs. 20.24 Cr | -7.58 % | -25.92 % |
| Operating Profit | Rs. 0.19 Cr | Rs. -2.94 Cr | Rs. -2.38 Cr | + 19.05 % | -1352.63 % |
| OPM % | 0.69 % | -15.5 % | -13.32 % | + 2.18 % | -14.01 % |
| Other Income | Rs. 2.106 Cr | Rs. 18.788 Cr | Rs. 6.531 Cr | -65.24 % | + 210.11 % |
| Interest | Rs. 3.07 Cr | Rs. 1.51 Cr | Rs. 0.95 Cr | -37.09 % | -69.06 % |
| Depreciation | Rs. 1.61 Cr | Rs. 1.19 Cr | Rs. 1.48 Cr | + 24.37 % | -8.07 % |
| Profit before tax | Rs. -2.38 Cr | Rs. 13.15 Cr | Rs. 1.72 Cr | -86.92 % | + 172.27 % |
| Tax % | -16.74 % | 3.24 % | 15.69 % | + 12.45 % | + 32.43 % |
| Net Profit | Rs. -1.99 Cr | Rs. 12.73 Cr | Rs. 1.46 Cr | -88.53 % | + 173.37 % |
| EPS in Rs | Rs. -3.32 | Rs. 21.31 | Rs. 2.45 | -88.5 % | + 173.8 % |
Today, we’re looking at Rasandik Engg. Industries India Ltd’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -35.07 %. However, it did see a marginal slip of -5.8 % from the previous quarter. Expenses decreased slightly by -7.58 % quarter-on-quarter, aligning with the annual decline of -25.92 %. Operating profit, while down -1352.63 % compared to last year, faced a quarter-on-quarter increase of 19.05 %, 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 -14.01 %, but an expansion of 2.18 % sequentially. Other income fell by -65.24 % compared to the last quarter, despite an annual growth of 210.11 %. Interest expenses dropped significantly by -37.09 % from the previous quarter, yet the year-over-year decrease remains at a moderate -69.06 %. Depreciation costs climbed by 24.37 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -8.07 %. Profit before tax grew annually by 172.27 % but saw a reduction from the preceding quarter by -86.92 %.
Tax expenses as a percentage of profits increased slightly by 32.43 % compared to last year, with a more notable quarter-on-quarter increase of 12.45 %. Net profit rose by 173.37 % year-on-year but witnessed a -88.53 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 173.8 % but a quarterly fall of -88.5 %. In summary, Rasandik Engg. Industries India 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. 27.513 Cr | Rs. 18.963 Cr | Rs. 17.863 Cr | -5.8 % | -35.07 % |
| Expenses | Rs. 27.32 Cr | Rs. 21.9 Cr | Rs. 20.24 Cr | -7.58 % | -25.92 % |
| Operating Profit | Rs. 0.19 Cr | Rs. -2.94 Cr | Rs. -2.38 Cr | + 19.05 % | -1352.63 % |
| Net Profit | Rs. -1.99 Cr | Rs. 12.73 Cr | Rs. 1.46 Cr | -88.53 % | + 173.37 % |
| EPS in Rs | Rs. -3.32 | Rs. 21.31 | Rs. 2.45 | -88.5 % | + 173.8 % |
In reviewing Rasandik Engg. Industries India Ltd’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -35.07 % year-on-year, although there was a slight dip of -5.8 % from the previous quarter. Expenses decreased by -25.92 % compared to the previous year, with a decrease of -7.58 % quarter-on-quarter. Operating Profit dropped by -1352.63 % annually, and saw a 19.05 % increase from the last quarter.
Net Profit showed yearly increase of 173.37 %, and experienced a -88.53 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 173.8 % annually, however dipped by -88.5 % compared to the last quarter. In essence, while Rasandik Engg. Industries India 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.
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