Share the post "Ratnaveer Precision Engineering ‘s Latest Q2 Report: Profit Up by 53.88% Year-on-Year"
Highlights
- The presented financial data is Standalone to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company experienced a substantial growth of 61.41 % in the past year, substantial increase in net sales/revenue by 12.62 %.
- 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 49.48 %. Marginal increase in other income during this quarter, up by 111.07%.
- Profit over the Year and quarter: Significant improvement in profitability for Ratnaveer Precision Engineering Limited. Notable increase of 54.01 % in net profit Year to Year, Ratnaveer Precision Engineering Limited’s profitability dropped by -1.79 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 25.13 % Year to Year. EPS decreased by -20.26 % 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. 142.492 Cr | Rs. 204.22 Cr | Rs. 229.993 Cr | + 12.62 % | + 61.41 % |
Expenses | Rs. 129.31 Cr | Rs. 179.63 Cr | Rs. 205.5 Cr | + 14.4 % | + 58.92 % |
Operating Profit | Rs. 13.18 Cr | Rs. 24.59 Cr | Rs. 24.49 Cr | -0.41 % | + 85.81 % |
OPM % | 9.25 % | 12.04 % | 10.65 % | -1.39 % | + 1.4 % |
Other Income | Rs. 0.867 Cr | Rs. 0.614 Cr | Rs. 1.296 Cr | + 111.07 % | + 49.48 % |
Interest | Rs. 3.24 Cr | Rs. 4.77 Cr | Rs. 4.11 Cr | -13.84 % | + 26.85 % |
Depreciation | Rs. 1.39 Cr | Rs. 2.99 Cr | Rs. 3.48 Cr | + 16.39 % | + 150.36 % |
Profit before tax | Rs. 9.42 Cr | Rs. 17.44 Cr | Rs. 18.2 Cr | + 4.36 % | + 93.21 % |
Tax % | 15.35 % | 28.31 % | 32.5 % | + 4.19 % | + 17.15 % |
Net Profit | Rs. 7.98 Cr | Rs. 12.51 Cr | Rs. 12.28 Cr | -1.84 % | + 53.88 % |
EPS in Rs | Rs. 1.95 | Rs. 3.06 | Rs. 2.44 | -20.26 % | + 25.13 % |
Today, we’re looking at Ratnaveer Precision Engineering Limited’s financial performance for the Q2(Sep 2024-25).Starting with the top line, the company reported a robust year-over-year sales growth of 61.41 %. However, it did see a marginal increase of 12.62 % from the previous quarter. Expenses ticked up slightly by 14.4 % quarter-on-quarter, aligning with the annual rise of 58.92 %. Operating profit, while up 85.81 % compared to last year, faced a quarter-on-quarter dip of -0.41 %, 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 1.4 %, but a shrinkage of -1.39 % sequentially. Other income rose by 111.07 % compared to the last quarter, despite an annual growth of 49.48 %. Interest expenses dropped significantly by -13.84 % from the previous quarter, yet the year-over-year increase remains at a moderate 26.85 %. Depreciation costs climbed by 16.39 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 150.36 %. Profit before tax grew annually by 93.21 % but saw an increase from the preceding quarter by 4.36 %.
Tax expenses as a percentage of profits increased slightly by 17.15 % compared to last year, with a more notable quarter-on-quarter increase of 4.19 %. Net profit rose by 53.88 % year-on-year but witnessed a -1.84 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 25.13 % but a quarterly fall of -20.26 %. In summary, Ratnaveer Precision Engineering 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. 142.492 Cr | Rs. 204.22 Cr | Rs. 229.993 Cr | + 12.62 % | + 61.41 % |
Expenses | Rs. 129.31 Cr | Rs. 179.63 Cr | Rs. 205.5 Cr | + 14.4 % | + 58.92 % |
Operating Profit | Rs. 13.18 Cr | Rs. 24.59 Cr | Rs. 24.49 Cr | -0.41 % | + 85.81 % |
Net Profit | Rs. 7.98 Cr | Rs. 12.51 Cr | Rs. 12.28 Cr | -1.84 % | + 53.88 % |
EPS in Rs | Rs. 1.95 | Rs. 3.06 | Rs. 2.44 | -20.26 % | + 25.13 % |
In reviewing Ratnaveer Precision Engineering Limited’s 2024-25(Q2) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 61.41 % year-on-year growth, however, there was a minor increase of 12.62 % from the previous quarter. Expenses rose by 58.92 % compared to the previous year, with a 14.4 % increase quarter-on-quarter. Operating Profit surged by 85.81 % annually, and saw a -0.41 % decrease from the last quarter.
Net Profit showed yearly increase of 53.88 %, and experienced a -1.84 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 25.13 % annually, however dipped by -20.26 % compared to the last quarter. In essence, while Ratnaveer Precision Engineering 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.
[my_shortcode1 values=”Ratnaveer Precision Engineering Limited”]