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Highlights
- The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company’s sales declined by -47.07 % over the year, decrease in net sales/revenue by -64.05 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -94.15 %, Marginal decrease of -12.02% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Raymond Limited. Notable increase of 590.6 % in net profit Year to Year, Raymond Limited’s profitability increased by 3105.92 % in this quarter.
- EPS over the Year and quarter: EPS increased by 591.76 % Year to Year. EPS increased by 3113 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 1771.46 Cr | Rs. 2608.5 Cr | Rs. 937.65 Cr | -64.05 % | -47.07 % |
| Expenses | Rs. 1574.83 Cr | Rs. 2173.18 Cr | Rs. 849.66 Cr | -60.9 % | -46.05 % |
| Operating Profit | Rs. 196.63 Cr | Rs. 435.32 Cr | Rs. 87.99 Cr | -79.79 % | -55.25 % |
| OPM % | 11.1 % | 16.69 % | 9.38 % | -7.31 % | -1.72 % |
| Other Income | Rs. 1036.04 Cr | Rs. 68.9 Cr | Rs. 60.62 Cr | -12.02 % | -94.15 % |
| Interest | Rs. 79.47 Cr | Rs. 103.54 Cr | Rs. 30.63 Cr | -70.42 % | -61.46 % |
| Depreciation | Rs. 59.72 Cr | Rs. 88.29 Cr | Rs. 39.39 Cr | -55.39 % | -34.04 % |
| Profit before tax | Rs. 1093.48 Cr | Rs. 312.39 Cr | Rs. 78.59 Cr | -74.84 % | -92.81 % |
| Tax % | 25.95 % | 26.39 % | 23.45 % | -2.94 % | -2.5 % |
| Net Profit | Rs. 1066.74 Cr | Rs. 229.79 Cr | Rs. 7366.88 Cr | + 3105.92 % | + 590.6 % |
| EPS in Rs | Rs. 160.01 | Rs. 34.45 | Rs. 1100.16 | + 3093.5 % | + 587.56 % |
Today, we’re looking at Raymond 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 -47.07 %. However, it did see a marginal slip of -64.05 % from the previous quarter. Expenses decreased slightly by -60.9 % quarter-on-quarter, aligning with the annual decline of -46.05 %. Operating profit, while down -55.25 % compared to last year, faced a quarter-on-quarter dip of -79.79 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -1.72 %, but a shrinkage of -7.31 % sequentially. Other income fell by -12.02 % compared to the last quarter, despite an annual decline of -94.15 %. Interest expenses dropped significantly by -70.42 % from the previous quarter, yet the year-over-year decrease remains at a moderate -61.46 %. Depreciation costs fell by -55.39 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -34.04 %. Profit before tax declined annually by -92.81 % but saw a reduction from the preceding quarter by -74.84 %.
Tax expenses as a percentage of profits decreased slightly by -2.5 % compared to last year, with a more notable quarter-on-quarter decrease of -2.94 %. Net profit rose by 590.6 % year-on-year but experienced a 3105.92 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 587.56 % but a quarterly rise of 3093.5 %. In summary, Raymond 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. 1771.46 Cr | Rs. 2608.5 Cr | Rs. 937.65 Cr | -64.05 % | -47.07 % |
| Expenses | Rs. 1574.83 Cr | Rs. 2173.18 Cr | Rs. 849.66 Cr | -60.9 % | -46.05 % |
| Operating Profit | Rs. 196.63 Cr | Rs. 435.32 Cr | Rs. 87.99 Cr | -79.79 % | -55.25 % |
| Net Profit | Rs. 1066.74 Cr | Rs. 229.79 Cr | Rs. 7366.88 Cr | + 3105.92 % | + 590.6 % |
| EPS in Rs | Rs. 160.01 | Rs. 34.45 | Rs. 1100.16 | + 3093.5 % | + 587.56 % |
In reviewing Raymond Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -47.07 % year-on-year, although there was a slight dip of -64.05 % from the previous quarter. Expenses decreased by -46.05 % compared to the previous year, with a decrease of -60.9 % quarter-on-quarter. Operating Profit dropped by -55.25 % annually, and saw a -79.79 % decrease from the last quarter.
Net Profit showed yearly increase of 590.6 %, and experienced a 3105.92 % increase from the previous quarter. Earnings Per Share (EPS) rose by 587.56 % annually, however rose by 3093.5 % compared to the last quarter. In essence, while Raymond Limited 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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