Responsive Industries announced Financial Results Q1 2024

The comprehensive analytics outlining the performance and outlook of Responsive Industries Limited‘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.

Today, we’re looking at Responsive Industries Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 21.56 %. However, it did see a marginal increase of 11.01 % from the previous quarter. Expenses ticked up slightly by 12.27 % quarter-on-quarter, aligning with the annual rise of 15.82 %. Operating profit, while up 46.95 % compared to last year, faced a quarter-on-quarter increase of 6.8 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 3.85 %, but a shrinkage of -0.88 % sequentially. Other income fell by -77.65 % compared to the last quarter, despite an annual decline of -18.82 %. Interest expenses surged remarkably by 5.14 % from the previous quarter, yet the year-over-year increase remains at a moderate 15.9 %. Depreciation costs fell by -17.57 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 19.07 %. Profit before tax grew annually by 58.87 % but saw an increase from the preceding quarter by 1.89 %.
Tax expenses as a percentage of profits decreased slightly by -1.37 % compared to last year, with a more notable quarter-on-quarter decrease of -3.24 %. Net profit rose by 61.21 % year-on-year but experienced a 5.47 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 58.77 % but a quarterly rise of 5.23 %. In summary, Responsive Industries Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.

In reviewing Responsive Industries Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 21.56 % year-on-year growth, however, there was a minor increase of 11.01 % from the previous quarter. Expenses rose by 15.82 % compared to the previous year, with a 12.27 % increase quarter-on-quarter. Operating Profit surged by 46.95 % annually, and saw a 6.8 % increase from the last quarter.
Net Profit showed yearly increase of 61.21 %, and experienced a 5.47 % increase from the previous quarter. Earnings Per Share (EPS) rose by 58.77 % annually, however rose by 5.23 % compared to the last quarter. In essence, while Responsive Industries 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.