Share the post "RATHI BARS ‘s Q1 Results: Profit Drops by 2.02% YoY"
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 -13.12 % over the year, substantial increase in net sales/revenue by 7.4 %.
- 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 0.63 %. Marginal increase in other income during this quarter, up by 40.35%.
- Profit over the Year and quarter: Challenges in sustaining profitability for RATHI BARS LIMITED. Profit dropped by -1.93 % Year to Year, RATHI BARS LIMITED’s profitability dropped by -21.64 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -1.67 % Year to Year. EPS decreased by -22.37 % 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. 169.763 Cr | Rs. 137.323 Cr | Rs. 147.483 Cr | + 7.4 % | -13.12 % |
| Expenses | Rs. 165.52 Cr | Rs. 135.29 Cr | Rs. 144.08 Cr | + 6.5 % | -12.95 % |
| Operating Profit | Rs. 4.24 Cr | Rs. 2.03 Cr | Rs. 3.4 Cr | + 67.49 % | -19.81 % |
| OPM % | 2.5 % | 1.48 % | 2.31 % | + 0.83 % | -0.19 % |
| Other Income | Rs. 0.159 Cr | Rs. 0.114 Cr | Rs. 0.16 Cr | + 40.35 % | + 0.63 % |
| Interest | Rs. 1.83 Cr | Rs. 0.33 Cr | Rs. 1.47 Cr | + 345.45 % | -19.67 % |
| Depreciation | Rs. 1.59 Cr | Rs. 0.59 Cr | Rs. 1.12 Cr | + 89.83 % | -29.56 % |
| Profit before tax | Rs. 0.98 Cr | Rs. 1.22 Cr | Rs. 0.97 Cr | -20.49 % | -1.02 % |
| Tax % | 0 % | 0 % | 0 % | 0 % | 0 % |
| Net Profit | Rs. 0.99 Cr | Rs. 1.23 Cr | Rs. 0.97 Cr | -21.14 % | -2.02 % |
| EPS in Rs | Rs. 0.6 | Rs. 0.76 | Rs. 0.59 | -22.37 % | -1.67 % |
Today, we’re looking at RATHI BARS 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 -13.12 %. However, it did see a marginal increase of 7.4 % from the previous quarter. Expenses ticked up slightly by 6.5 % quarter-on-quarter, aligning with the annual decline of -12.95 %. Operating profit, while down -19.81 % compared to last year, faced a quarter-on-quarter increase of 67.49 %, 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 -0.19 %, but an expansion of 0.83 % sequentially. Other income rose by 40.35 % compared to the last quarter, despite an annual growth of 0.63 %. Interest expenses surged remarkably by 345.45 % from the previous quarter, yet the year-over-year decrease remains at a moderate -19.67 %. Depreciation costs climbed by 89.83 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -29.56 %. Profit before tax declined annually by -1.02 % but saw a reduction from the preceding quarter by -20.49 %.
Net profit fell by -2.02 % year-on-year but witnessed a -21.14 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -1.67 % but a quarterly fall of -22.37 %. In summary, RATHI BARS 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. 169.763 Cr | Rs. 137.323 Cr | Rs. 147.483 Cr | + 7.4 % | -13.12 % |
| Expenses | Rs. 165.52 Cr | Rs. 135.29 Cr | Rs. 144.08 Cr | + 6.5 % | -12.95 % |
| Operating Profit | Rs. 4.24 Cr | Rs. 2.03 Cr | Rs. 3.4 Cr | + 67.49 % | -19.81 % |
| Net Profit | Rs. 0.99 Cr | Rs. 1.23 Cr | Rs. 0.97 Cr | -21.14 % | -2.02 % |
| EPS in Rs | Rs. 0.6 | Rs. 0.76 | Rs. 0.59 | -22.37 % | -1.67 % |
In reviewing RATHI BARS LIMITED’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -13.12 % year-on-year, however, there was a minor increase of 7.4 % from the previous quarter. Expenses decreased by -12.95 % compared to the previous year, with a 6.5 % increase quarter-on-quarter. Operating Profit dropped by -19.81 % annually, and saw a 67.49 % increase from the last quarter.
Net Profit showed yearly decrease of -2.02 %, and experienced a -21.14 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -1.67 % annually, however dipped by -22.37 % compared to the last quarter. In essence, while RATHI BARS LIMITED faces strong annual decline 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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