NIFTY 50 22795.9 ▼ (0.51%)
NIFTY NEXT 50 60466.8 ▼ (0.94%)
NIFTY 100 23274.05 ▼ (0.59%)
NIFTY MIDCAP 100 50486.2 ▼ (1.32%)
NIFTY SMALLCAP 100 15636.9 ▼ (0.7%)
NIFTY SMALLCAP 250 14683.4 ▼ (0.57%)
NIFTY MIDCAP SELECT 11198.9 ▼ (1.69%)
NIFTY TOTAL MARKET 11634.25 ▼ (0.67%)
NIFTY BANK 48981.2 ▼ (0.72%)
SENSEX 75311.06 ▼ (0.56%)
BSE BANKEX 55718.18 ▼ (0.82%)

RICO Auto Industries : Q4 2024 Financial Quarterly Report : YoY Sales Down 9.05 %, QoQ Up 4.75 %

June 13, 2024June 13, 2024| adminadmin| 0 Comments| 2:40 pm
Image is loading
Categories:

Share the post "RICO Auto Industries : Q4 2024 Financial Quarterly Report : YoY Sales Down 9.05 %, QoQ Up 4.75 %"

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

Highlights

  • Sales over the Year and quarter: The company’s sales declined by -9.05 % over the year, substantial increase in net sales/revenue by 4.75 %.
  • Income over the Year and quarter: There has been decline in other income over the past year which is -17.66 %, Marginal increase in other income during this quarter, up by 11.28%.
  • Profit over the Year and quarter: Challenges in sustaining profitability for RICO Auto Industries Ltd.. Profit dropped by -37.13 % Year to Year, RICO Auto Industries Ltd.’s profitability increased by 55.14 % in this quarter.
  • EPS over the Year and quarter: EPS declined by -37.17 % Year to Year. EPS increased by 62.16 % in previous quarter. Positive impact on shareholders.

The comprehensive analytics outlining the performance and outlook of RICO Auto Industries 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. 602.98 Cr Rs. 523.52 Cr Rs. 548.41 Cr + 4.75 % -9.05 %
Expenses Rs. 536.09 Cr Rs. 465.27 Cr Rs. 489.35 Cr + 5.18 % -8.72 %
Operating Profit Rs. 66.89 Cr Rs. 58.25 Cr Rs. 59.06 Cr + 1.39 % -11.71 %
OPM % 11.09 % 11.13 % 10.77 % -0.36 % -0.32 %
Other Income Rs. 6.23 Cr Rs. 4.61 Cr Rs. 5.13 Cr + 11.28 % -17.66 %
Interest Rs. 15.07 Cr Rs. 16.23 Cr Rs. 13.15 Cr -18.98 % -12.74 %
Depreciation Rs. 30.93 Cr Rs. 30.08 Cr Rs. 28.14 Cr -6.45 % -9.02 %
Profit before tax Rs. 27.12 Cr Rs. 16.55 Cr Rs. 22.9 Cr + 38.37 % -15.56 %
Tax % 4.04 % 34.29 % 31.26 % -3.03 % + 27.22 %
Net Profit Rs. 25.91 Cr Rs. 10.5 Cr Rs. 16.29 Cr + 55.14 % -37.13 %
EPS in Rs Rs. 1.91 Rs. 0.74 Rs. 1.2 + 62.16 % -37.17 %


Today, we’re looking at RICO Auto Industries Ltd.’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -9.05 %. However, it did see a marginal increase of 4.75 % from the previous quarter. Expenses ticked up slightly by 5.18 % quarter-on-quarter, aligning with the annual decline of -8.72 %. Operating profit, while down -11.71 % compared to last year, faced a quarter-on-quarter increase of 1.39 %, 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 -0.32 %, but a shrinkage of -0.36 % sequentially. Other income rose by 11.28 % compared to the last quarter, despite an annual decline of -17.66 %. Interest expenses dropped significantly by -18.98 % from the previous quarter, yet the year-over-year decrease remains at a moderate -12.74 %. Depreciation costs fell by -6.45 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -9.02 %. Profit before tax declined annually by -15.56 % but saw an increase from the preceding quarter by 38.37 %.
Tax expenses as a percentage of profits increased slightly by 27.22 % compared to last year, with a more notable quarter-on-quarter decrease of -3.03 %. Net profit fell by -37.13 % year-on-year but experienced a 55.14 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -37.17 % but a quarterly rise of 62.16 %. In summary, RICO Auto Industries 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. 602.98 Cr Rs. 523.52 Cr Rs. 548.41 Cr + 4.75 % -9.05 %
Expenses Rs. 536.09 Cr Rs. 465.27 Cr Rs. 489.35 Cr + 5.18 % -8.72 %
Operating Profit Rs. 66.89 Cr Rs. 58.25 Cr Rs. 59.06 Cr + 1.39 % -11.71 %
Net Profit Rs. 25.91 Cr Rs. 10.5 Cr Rs. 16.29 Cr + 55.14 % -37.13 %
EPS in Rs Rs. 1.91 Rs. 0.74 Rs. 1.2 + 62.16 % -37.17 %


In reviewing RICO Auto Industries Ltd.’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -9.05 % year-on-year, however, there was a minor increase of 4.75 % from the previous quarter. Expenses decreased by -8.72 % compared to the previous year, with a 5.18 % increase quarter-on-quarter. Operating Profit dropped by -11.71 % annually, and saw a 1.39 % increase from the last quarter.
Net Profit showed yearly decrease of -37.13 %, and experienced a 55.14 % increase from the previous quarter. Earnings Per Share (EPS) fell by -37.17 % annually, however rose by 62.16 % compared to the last quarter. In essence, while RICO Auto Industries 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=”RICO Auto Industries “]

Related Post