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Ratnamani Metals & Tubes : Q4 2024 Financial Quarterly Report : YoY Sales Down 0.22 %, QoQ Up 18.97 %

May 17, 2024May 17, 2024| adminadmin| 0 Comments| 4:23 pm
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Highlights

  • Sales over the Year and quarter: The company’s sales declined by -0.22 % over the year, substantial increase in net sales/revenue by 18.97 %.
  • 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 490.72 %. Marginal increase in other income during this quarter, up by 155.16%.
  • Profit over the Year and quarter: Significant improvement in profitability for Ratnamani Metals & Tubes Ltd. Notable increase of 0.28 % in net profit Year to Year, Ratnamani Metals & Tubes Ltd’s profitability increased by 45.43 % in this quarter.
  • EPS over the Year and quarter: EPS increased by 0.29 % Year to Year. EPS increased by 45.46 % in previous quarter. Positive impact on shareholders.

The comprehensive analytics outlining the performance and outlook of Ratnamani Metals & Tubes Ltd”s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

Metrics Previous Year Previous Quarter Current Quarter Quarter to Quarter Difference Year to Year Difference
Sales Rs. 1499.076 Cr Rs. 1257.257 Cr Rs. 1495.705 Cr + 18.97 % -0.22 %
Expenses Rs. 1198.52 Cr Rs. 1056.93 Cr Rs. 1250.04 Cr + 18.27 % + 4.3 %
Operating Profit Rs. 300.56 Cr Rs. 200.33 Cr Rs. 245.67 Cr + 22.63 % -18.26 %
OPM % 20.05 % 15.93 % 16.43 % + 0.5 % -3.62 %
Other Income Rs. 6.57 Cr Rs. 15.21 Cr Rs. 38.81 Cr + 155.16 % + 490.72 %
Interest Rs. 13.93 Cr Rs. 12.71 Cr Rs. 11.73 Cr -7.71 % -15.79 %
Depreciation Rs. 25.27 Cr Rs. 24.7 Cr Rs. 24.96 Cr + 1.05 % -1.23 %
Profit before tax Rs. 267.93 Cr Rs. 178.13 Cr Rs. 247.79 Cr + 39.11 % -7.52 %
Tax % 28.12 % 25.45 % 22.07 % -3.38 % -6.05 %
Net Profit Rs. 192.58 Cr Rs. 132.79 Cr Rs. 193.12 Cr + 45.43 % + 0.28 %
EPS in Rs Rs. 27.47 Rs. 18.94 Rs. 27.55 + 45.46 % + 0.29 %


Today, we’re looking at Ratnamani Metals & Tubes Ltd’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -0.22 %. However, it did see a marginal increase of 18.97 % from the previous quarter. Expenses ticked up slightly by 18.27 % quarter-on-quarter, aligning with the annual rise of 4.3 %. Operating profit, while down -18.26 % compared to last year, faced a quarter-on-quarter increase of 22.63 %, 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 -3.62 %, but an expansion of 0.5 % sequentially. Other income rose by 155.16 % compared to the last quarter, despite an annual growth of 490.72 %. Interest expenses dropped significantly by -7.71 % from the previous quarter, yet the year-over-year decrease remains at a moderate -15.79 %. Depreciation costs climbed by 1.05 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -1.23 %. Profit before tax declined annually by -7.52 % but saw an increase from the preceding quarter by 39.11 %.
Tax expenses as a percentage of profits decreased slightly by -6.05 % compared to last year, with a more notable quarter-on-quarter decrease of -3.38 %. Net profit rose by 0.28 % year-on-year but experienced a 45.43 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 0.29 % but a quarterly rise of 45.46 %. In summary, Ratnamani Metals & Tubes 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. 1499.076 Cr Rs. 1257.257 Cr Rs. 1495.705 Cr + 18.97 % -0.22 %
Expenses Rs. 1198.52 Cr Rs. 1056.93 Cr Rs. 1250.04 Cr + 18.27 % + 4.3 %
Operating Profit Rs. 300.56 Cr Rs. 200.33 Cr Rs. 245.67 Cr + 22.63 % -18.26 %
Net Profit Rs. 192.58 Cr Rs. 132.79 Cr Rs. 193.12 Cr + 45.43 % + 0.28 %
EPS in Rs Rs. 27.47 Rs. 18.94 Rs. 27.55 + 45.46 % + 0.29 %


In reviewing Ratnamani Metals & Tubes Ltd’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -0.22 % year-on-year, however, there was a minor increase of 18.97 % from the previous quarter. Expenses rose by 4.3 % compared to the previous year, with a 18.27 % increase quarter-on-quarter. Operating Profit dropped by -18.26 % annually, and saw a 22.63 % increase from the last quarter.
Net Profit showed yearly increase of 0.28 %, and experienced a 45.43 % increase from the previous quarter. Earnings Per Share (EPS) rose by 0.29 % annually, however rose by 45.46 % compared to the last quarter. In essence, while Ratnamani Metals & Tubes Ltd 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.

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