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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 -8.6 % over the year, decrease in net sales/revenue by -22.67 %.
- 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 27.27 %. Marginal increase in other income during this quarter, up by 250%.
- Profit over the Year and quarter: Challenges in sustaining profitability for Raw Edge Industrial Solutions Limited. Profit dropped by -34.34 % Year to Year, Raw Edge Industrial Solutions Limited’s profitability dropped by -122.53 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -35.00 % Year to Year. EPS decreased by -122.81 % 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. 11.098 Cr | Rs. 13.118 Cr | Rs. 10.144 Cr | -22.67 % | -8.6 % |
| Expenses | Rs. 10.72 Cr | Rs. 11.4 Cr | Rs. 9.42 Cr | -17.37 % | -12.13 % |
| Operating Profit | Rs. 0.38 Cr | Rs. 1.72 Cr | Rs. 0.72 Cr | -58.14 % | + 89.47 % |
| OPM % | 3.42 % | 13.11 % | 7.1 % | -6.01 % | + 3.68 % |
| Other Income | Rs. 0.011 Cr | Rs. 0.004 Cr | Rs. 0.014 Cr | + 250 % | + 27.27 % |
| Interest | Rs. 0.58 Cr | Rs. 0.56 Cr | Rs. 0.47 Cr | -16.07 % | -18.97 % |
| Depreciation | Rs. 0.42 Cr | Rs. 0.42 Cr | Rs. 0.44 Cr | + 4.76 % | + 4.76 % |
| Profit before tax | Rs. -0.61 Cr | Rs. 0.74 Cr | Rs. -0.18 Cr | -124.32 % | + 70.49 % |
| Tax % | -67.8 % | 22.06 % | -23.53 % | -45.59 % | + 44.27 % |
| Net Profit | Rs. -0.2 Cr | Rs. 0.58 Cr | Rs. -0.13 Cr | -122.41 % | + 35 % |
| EPS in Rs | Rs. -0.2 | Rs. 0.57 | Rs. -0.13 | -122.81 % | + 35 % |
Today, we’re looking at Raw Edge Industrial Solutions 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 -8.6 %. However, it did see a marginal slip of -22.67 % from the previous quarter. Expenses decreased slightly by -17.37 % quarter-on-quarter, aligning with the annual decline of -12.13 %. Operating profit, while up 89.47 % compared to last year, faced a quarter-on-quarter dip of -58.14 %, 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 3.68 %, but a shrinkage of -6.01 % sequentially. Other income rose by 250 % compared to the last quarter, despite an annual growth of 27.27 %. Interest expenses dropped significantly by -16.07 % from the previous quarter, yet the year-over-year decrease remains at a moderate -18.97 %. Depreciation costs climbed by 4.76 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 4.76 %. Profit before tax grew annually by 70.49 % but saw a reduction from the preceding quarter by -124.32 %.
Tax expenses as a percentage of profits increased slightly by 44.27 % compared to last year, with a more notable quarter-on-quarter decrease of -45.59 %. Net profit rose by 35 % year-on-year but witnessed a -122.41 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 35 % but a quarterly fall of -122.81 %. In summary, Raw Edge Industrial Solutions 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. 11.098 Cr | Rs. 13.118 Cr | Rs. 10.144 Cr | -22.67 % | -8.6 % |
| Expenses | Rs. 10.72 Cr | Rs. 11.4 Cr | Rs. 9.42 Cr | -17.37 % | -12.13 % |
| Operating Profit | Rs. 0.38 Cr | Rs. 1.72 Cr | Rs. 0.72 Cr | -58.14 % | + 89.47 % |
| Net Profit | Rs. -0.2 Cr | Rs. 0.58 Cr | Rs. -0.13 Cr | -122.41 % | + 35 % |
| EPS in Rs | Rs. -0.2 | Rs. 0.57 | Rs. -0.13 | -122.81 % | + 35 % |
In reviewing Raw Edge Industrial Solutions Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -8.6 % year-on-year, although there was a slight dip of -22.67 % from the previous quarter. Expenses decreased by -12.13 % compared to the previous year, with a decrease of -17.37 % quarter-on-quarter. Operating Profit surged by 89.47 % annually, and saw a -58.14 % decrease from the last quarter.
Net Profit showed yearly increase of 35 %, and experienced a -122.41 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 35 % annually, however dipped by -122.81 % compared to the last quarter. In essence, while Raw Edge Industrial Solutions 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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