Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 9.57 % in the past year, substantial increase in net sales/revenue by 31.35 %.
- 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 102.7 %. Marginal decrease of -85.71% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Riba Textiles Ltd.. Profit dropped by -39.3 % Year to Year, Riba Textiles Ltd.’s profitability increased by 26.6 % in this quarter.
- EPS over the Year and quarter: EPS declined by -39.35 % Year to Year. EPS increased by 26.7 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 67.549 Cr | Rs. 56.349 Cr | Rs. 74.016 Cr | + 31.35 % | + 9.57 % |
| Expenses | Rs. 59.95 Cr | Rs. 51.35 Cr | Rs. 68.65 Cr | + 33.69 % | + 14.51 % |
| Operating Profit | Rs. 7.6 Cr | Rs. 5 Cr | Rs. 5.37 Cr | + 7.4 % | -29.34 % |
| OPM % | 11.25 % | 8.87 % | 7.26 % | -1.61 % | -3.99 % |
| Other Income | Rs. -0.37 Cr | Rs. 0.07 Cr | Rs. 0.01 Cr | -85.71 % | + 102.7 % |
| Interest | Rs. 1.2 Cr | Rs. 1 Cr | Rs. 1.24 Cr | + 24 % | + 3.33 % |
| Depreciation | Rs. 1.01 Cr | Rs. 1.6 Cr | Rs. 0.91 Cr | -43.13 % | -9.9 % |
| Profit before tax | Rs. 5.02 Cr | Rs. 2.47 Cr | Rs. 3.23 Cr | + 30.77 % | -35.66 % |
| Tax % | 23.31 % | 25.07 % | 27.69 % | + 2.62 % | + 4.38 % |
| Net Profit | Rs. 3.85 Cr | Rs. 1.85 Cr | Rs. 2.34 Cr | + 26.49 % | -39.22 % |
| EPS in Rs | Rs. 3.99 | Rs. 1.91 | Rs. 2.42 | + 26.7 % | -39.35 % |
Today, we’re looking at Riba Textiles Ltd.’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 9.57 %. However, it did see a marginal increase of 31.35 % from the previous quarter. Expenses ticked up slightly by 33.69 % quarter-on-quarter, aligning with the annual rise of 14.51 %. Operating profit, while down -29.34 % compared to last year, faced a quarter-on-quarter increase of 7.4 %, 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 -3.99 %, but a shrinkage of -1.61 % sequentially. Other income fell by -85.71 % compared to the last quarter, despite an annual growth of 102.7 %. Interest expenses surged remarkably by 24 % from the previous quarter, yet the year-over-year increase remains at a moderate 3.33 %. Depreciation costs fell by -43.13 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -9.9 %. Profit before tax declined annually by -35.66 % but saw an increase from the preceding quarter by 30.77 %.
Tax expenses as a percentage of profits increased slightly by 4.38 % compared to last year, with a more notable quarter-on-quarter increase of 2.62 %. Net profit fell by -39.22 % year-on-year but experienced a 26.49 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -39.35 % but a quarterly rise of 26.7 %. In summary, Riba Textiles Ltd.’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. 67.549 Cr | Rs. 56.349 Cr | Rs. 74.016 Cr | + 31.35 % | + 9.57 % |
| Expenses | Rs. 59.95 Cr | Rs. 51.35 Cr | Rs. 68.65 Cr | + 33.69 % | + 14.51 % |
| Operating Profit | Rs. 7.6 Cr | Rs. 5 Cr | Rs. 5.37 Cr | + 7.4 % | -29.34 % |
| Net Profit | Rs. 3.85 Cr | Rs. 1.85 Cr | Rs. 2.34 Cr | + 26.49 % | -39.22 % |
| EPS in Rs | Rs. 3.99 | Rs. 1.91 | Rs. 2.42 | + 26.7 % | -39.35 % |
In reviewing Riba Textiles Ltd.’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 9.57 % year-on-year growth, however, there was a minor increase of 31.35 % from the previous quarter. Expenses rose by 14.51 % compared to the previous year, with a 33.69 % increase quarter-on-quarter. Operating Profit dropped by -29.34 % annually, and saw a 7.4 % increase from the last quarter.
Net Profit showed yearly decrease of -39.22 %, and experienced a 26.49 % increase from the previous quarter. Earnings Per Share (EPS) fell by -39.35 % annually, however rose by 26.7 % compared to the last quarter. In essence, while Riba Textiles Ltd. faces strong annual decline 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.
