NIFTY 50 23185.85 ▼ (0.68%)
NIFTY NEXT 50 64097.4 ▼ (1.55%)
NIFTY 100 23847.25 ▼ (0.84%)
NIFTY MIDCAP 100 54298.65 ▼ (1.47%)
NIFTY SMALLCAP 100 17598.4 ▼ (1.49%)
NIFTY SMALLCAP 250 16606.5 ▼ (1.39%)
NIFTY MIDCAP SELECT 12122 ▼ (1.9%)
NIFTY TOTAL MARKET 12184.45 ▼ (0.98%)
NIFTY BANK 48830.5 ▼ (1.05%)
SENSEX 76472.22 ▼ (0.78%)
BSE BANKEX 55424.64 ▼ (1.09%)

Riba Textiles : Q4 2024 Financial Quarterly Report : YoY Sales Up 9.57 %, QoQ Up 31.35 %

July 1, 2024July 1, 2024| adminadmin| 0 Comments| 4:00 pm
Image is loading
Categories:

Share the post "Riba Textiles : Q4 2024 Financial Quarterly Report : YoY Sales Up 9.57 %, QoQ Up 31.35 %"

  • Facebook
  • LinkedIn
  • X
  • Tumblr
  • WhatsApp
  • TelegramTelegram
  • Email

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.

The comprehensive analytics outlining the performance and outlook of Riba Textiles Ltd.”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.

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.

[my_shortcode1 values=”Riba Textiles “]

Related Post