Responsive Industries Reports Q2: Revenue Up by 30.25% Year-on-Year

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 Q2(Sep 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 30.25 %. However, it did see a marginal increase of 9.26 % from the previous quarter. Expenses ticked up slightly by 11.41 % quarter-on-quarter, aligning with the annual rise of 33.69 %. Operating profit, while up 18.6 % compared to last year, faced a quarter-on-quarter increase of 1.74 %, 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 -2.03 %, but a shrinkage of -1.53 % sequentially. Other income rose by 11.02 % compared to the last quarter, despite an annual decline of -59.02 %. Interest expenses dropped significantly by -3.57 % from the previous quarter, yet the year-over-year decrease remains at a moderate -35.47 %. Depreciation costs climbed by 1.98 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 13.11 %. Profit before tax grew annually by 20.71 % but saw an increase from the preceding quarter by 2.6 %.
Tax expenses as a percentage of profits decreased slightly by -0.33 % compared to last year, with a more notable quarter-on-quarter increase of 0.7 %. Net profit rose by 21.17 % year-on-year but experienced a 1.86 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 20.92 % but a quarterly rise of 2.21 %. 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(Q2) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 30.25 % year-on-year growth, however, there was a minor increase of 9.26 % from the previous quarter. Expenses rose by 33.69 % compared to the previous year, with a 11.41 % increase quarter-on-quarter. Operating Profit surged by 18.6 % annually, and saw a 1.74 % increase from the last quarter.
Net Profit showed yearly increase of 21.17 %, and experienced a 1.86 % increase from the previous quarter. Earnings Per Share (EPS) rose by 20.92 % annually, however rose by 2.21 % 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.