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Highlights
- The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company experienced a substantial growth of 51.78 % in the past year, decrease in net sales/revenue by -2.43 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -41.28 %, Marginal decrease of -26.9% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for RIR POWER ELECTRONICS LIMITED. Notable increase of 67.28 % in net profit Year to Year, RIR POWER ELECTRONICS LIMITED’s profitability dropped by -17.87 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 65.66 % Year to Year. EPS decreased by -18 % in previous quarter. Analysis needed for shareholder value.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 13.869 Cr | Rs. 21.574 Cr | Rs. 21.05 Cr | -2.43 % | + 51.78 % |
Expenses | Rs. 12.08 Cr | Rs. 17.64 Cr | Rs. 17.75 Cr | + 0.62 % | + 46.94 % |
Operating Profit | Rs. 1.79 Cr | Rs. 3.93 Cr | Rs. 3.3 Cr | -16.03 % | + 84.36 % |
OPM % | 12.91 % | 18.22 % | 15.68 % | -2.54 % | + 2.77 % |
Other Income | Rs. 0.671 Cr | Rs. 0.539 Cr | Rs. 0.394 Cr | -26.9 % | -41.28 % |
Interest | Rs. 0.32 Cr | Rs. 0.31 Cr | Rs. 0.61 Cr | + 96.77 % | + 90.63 % |
Depreciation | Rs. 0.26 Cr | Rs. 0.28 Cr | Rs. 0.17 Cr | -39.29 % | -34.62 % |
Profit before tax | Rs. 1.88 Cr | Rs. 3.88 Cr | Rs. 2.91 Cr | -25 % | + 54.79 % |
Tax % | 27.63 % | 28.47 % | 21.92 % | -6.55 % | -5.71 % |
Net Profit | Rs. 1.36 Cr | Rs. 2.78 Cr | Rs. 2.28 Cr | -17.99 % | + 67.65 % |
EPS in Rs | Rs. 1.98 | Rs. 4 | Rs. 3.28 | -18 % | + 65.66 % |
Today, we’re looking at RIR POWER ELECTRONICS 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 51.78 %. However, it did see a marginal slip of -2.43 % from the previous quarter. Expenses ticked up slightly by 0.62 % quarter-on-quarter, aligning with the annual rise of 46.94 %. Operating profit, while up 84.36 % compared to last year, faced a quarter-on-quarter dip of -16.03 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 2.77 %, but a shrinkage of -2.54 % sequentially. Other income fell by -26.9 % compared to the last quarter, despite an annual decline of -41.28 %. Interest expenses surged remarkably by 96.77 % from the previous quarter, yet the year-over-year increase remains at a moderate 90.63 %. Depreciation costs fell by -39.29 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -34.62 %. Profit before tax grew annually by 54.79 % but saw a reduction from the preceding quarter by -25 %.
Tax expenses as a percentage of profits decreased slightly by -5.71 % compared to last year, with a more notable quarter-on-quarter decrease of -6.55 %. Net profit rose by 67.65 % year-on-year but witnessed a -17.99 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 65.66 % but a quarterly fall of -18 %. In summary, RIR POWER ELECTRONICS LIMITED’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. 13.869 Cr | Rs. 21.574 Cr | Rs. 21.05 Cr | -2.43 % | + 51.78 % |
Expenses | Rs. 12.08 Cr | Rs. 17.64 Cr | Rs. 17.75 Cr | + 0.62 % | + 46.94 % |
Operating Profit | Rs. 1.79 Cr | Rs. 3.93 Cr | Rs. 3.3 Cr | -16.03 % | + 84.36 % |
Net Profit | Rs. 1.36 Cr | Rs. 2.78 Cr | Rs. 2.28 Cr | -17.99 % | + 67.65 % |
EPS in Rs | Rs. 1.98 | Rs. 4 | Rs. 3.28 | -18 % | + 65.66 % |
In reviewing RIR POWER ELECTRONICS LIMITED’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 51.78 % year-on-year growth, although there was a slight dip of -2.43 % from the previous quarter. Expenses rose by 46.94 % compared to the previous year, with a 0.62 % increase quarter-on-quarter. Operating Profit surged by 84.36 % annually, and saw a -16.03 % decrease from the last quarter.
Net Profit showed yearly increase of 67.65 %, and experienced a -17.99 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 65.66 % annually, however dipped by -18 % compared to the last quarter. In essence, while RIR POWER ELECTRONICS LIMITED exhibits strong annual growth indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.