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Highlights
- The presented financial data is Standalone to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company’s sales declined by -4.49 % over the year, substantial increase in net sales/revenue by 7.02 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -73.51 %, Marginal decrease of -68.63% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Rishi Laser Ltd.. Profit dropped by -23.84 % Year to Year, Rishi Laser Ltd.’s profitability dropped by -53.48 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -23.71 % Year to Year. EPS decreased by -53.42 % 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. 38.747 Cr | Rs. 34.578 Cr | Rs. 37.006 Cr | + 7.02 % | -4.49 % |
Expenses | Rs. 35.4 Cr | Rs. 31.65 Cr | Rs. 34.12 Cr | + 7.8 % | -3.62 % |
Operating Profit | Rs. 3.35 Cr | Rs. 2.93 Cr | Rs. 2.89 Cr | -1.37 % | -13.73 % |
OPM % | 8.65 % | 8.47 % | 7.81 % | -0.66 % | -0.84 % |
Other Income | Rs. 0.302 Cr | Rs. 0.255 Cr | Rs. 0.08 Cr | -68.63 % | -73.51 % |
Interest | Rs. 0.66 Cr | Rs. 0.47 Cr | Rs. 0.63 Cr | + 34.04 % | -4.55 % |
Depreciation | Rs. 0.65 Cr | Rs. 0.54 Cr | Rs. 0.63 Cr | + 16.67 % | -3.08 % |
Profit before tax | Rs. 2.34 Cr | Rs. 2.18 Cr | Rs. 1.71 Cr | -21.56 % | -26.92 % |
Tax % | 8.84 % | 60.69 % | 5.08 % | -55.61 % | -3.76 % |
Net Profit | Rs. 2.14 Cr | Rs. 3.5 Cr | Rs. 1.63 Cr | -53.43 % | -23.83 % |
EPS in Rs | Rs. 2.32 | Rs. 3.8 | Rs. 1.77 | -53.42 % | -23.71 % |
Today, we’re looking at Rishi Laser Ltd.’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -4.49 %. However, it did see a marginal increase of 7.02 % from the previous quarter. Expenses ticked up slightly by 7.8 % quarter-on-quarter, aligning with the annual decline of -3.62 %. Operating profit, while down -13.73 % compared to last year, faced a quarter-on-quarter dip of -1.37 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -0.84 %, but a shrinkage of -0.66 % sequentially. Other income fell by -68.63 % compared to the last quarter, despite an annual decline of -73.51 %. Interest expenses surged remarkably by 34.04 % from the previous quarter, yet the year-over-year decrease remains at a moderate -4.55 %. Depreciation costs climbed by 16.67 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -3.08 %. Profit before tax declined annually by -26.92 % but saw a reduction from the preceding quarter by -21.56 %.
Tax expenses as a percentage of profits decreased slightly by -3.76 % compared to last year, with a more notable quarter-on-quarter decrease of -55.61 %. Net profit fell by -23.83 % year-on-year but witnessed a -53.43 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -23.71 % but a quarterly fall of -53.42 %. In summary, Rishi Laser 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. 38.747 Cr | Rs. 34.578 Cr | Rs. 37.006 Cr | + 7.02 % | -4.49 % |
Expenses | Rs. 35.4 Cr | Rs. 31.65 Cr | Rs. 34.12 Cr | + 7.8 % | -3.62 % |
Operating Profit | Rs. 3.35 Cr | Rs. 2.93 Cr | Rs. 2.89 Cr | -1.37 % | -13.73 % |
Net Profit | Rs. 2.14 Cr | Rs. 3.5 Cr | Rs. 1.63 Cr | -53.43 % | -23.83 % |
EPS in Rs | Rs. 2.32 | Rs. 3.8 | Rs. 1.77 | -53.42 % | -23.71 % |
In reviewing Rishi Laser Ltd.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -4.49 % year-on-year, however, there was a minor increase of 7.02 % from the previous quarter. Expenses decreased by -3.62 % compared to the previous year, with a 7.8 % increase quarter-on-quarter. Operating Profit dropped by -13.73 % annually, and saw a -1.37 % decrease from the last quarter.
Net Profit showed yearly decrease of -23.83 %, and experienced a -53.43 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -23.71 % annually, however dipped by -53.42 % compared to the last quarter. In essence, while Rishi Laser Ltd. faces strong annual decline indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.
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