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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 experienced a substantial growth of 21.35 % in the past year, substantial increase in net sales/revenue by 0.14 %.
- 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 131.65 %. Marginal decrease of -8.43% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Ritco Logistics Limited. Notable increase of 24.54 % in net profit Year to Year, Ritco Logistics Limited’s profitability increased by 1.3 % in this quarter.
- EPS over the Year and quarter: EPS increased by 24.34 % Year to Year. EPS increased by 1.07 % in previous quarter. Positive impact on shareholders.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 207.858 Cr | Rs. 251.881 Cr | Rs. 252.227 Cr | + 0.14 % | + 21.35 % |
Expenses | Rs. 190.73 Cr | Rs. 231.58 Cr | Rs. 231.74 Cr | + 0.07 % | + 21.5 % |
Operating Profit | Rs. 17.13 Cr | Rs. 20.3 Cr | Rs. 20.49 Cr | + 0.94 % | + 19.61 % |
OPM % | 8.24 % | 8.06 % | 8.12 % | + 0.06 % | -0.12 % |
Other Income | Rs. 0.436 Cr | Rs. 1.103 Cr | Rs. 1.01 Cr | -8.43 % | + 131.65 % |
Interest | Rs. 4.96 Cr | Rs. 5.79 Cr | Rs. 5.83 Cr | + 0.69 % | + 17.54 % |
Depreciation | Rs. 2.44 Cr | Rs. 3.43 Cr | Rs. 3.21 Cr | -6.41 % | + 31.56 % |
Profit before tax | Rs. 10.17 Cr | Rs. 12.18 Cr | Rs. 12.46 Cr | + 2.3 % | + 22.52 % |
Tax % | 26.89 % | 24.97 % | 25.67 % | + 0.7 % | -1.22 % |
Net Profit | Rs. 7.44 Cr | Rs. 9.14 Cr | Rs. 9.26 Cr | + 1.31 % | + 24.46 % |
EPS in Rs | Rs. 3.04 | Rs. 3.43 | Rs. 3.46 | + 0.87 % | + 13.82 % |
Today, we’re looking at Ritco Logistics 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 21.35 %. However, it did see a marginal increase of 0.14 % from the previous quarter. Expenses ticked up slightly by 0.07 % quarter-on-quarter, aligning with the annual rise of 21.5 %. Operating profit, while up 19.61 % compared to last year, faced a quarter-on-quarter increase of 0.94 %, 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 -0.12 %, but an expansion of 0.06 % sequentially. Other income fell by -8.43 % compared to the last quarter, despite an annual growth of 131.65 %. Interest expenses surged remarkably by 0.69 % from the previous quarter, yet the year-over-year increase remains at a moderate 17.54 %. Depreciation costs fell by -6.41 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 31.56 %. Profit before tax grew annually by 22.52 % but saw an increase from the preceding quarter by 2.3 %.
Tax expenses as a percentage of profits decreased slightly by -1.22 % compared to last year, with a more notable quarter-on-quarter increase of 0.7 %. Net profit rose by 24.46 % year-on-year but experienced a 1.31 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 13.82 % but a quarterly rise of 0.87 %. In summary, Ritco Logistics 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. 207.858 Cr | Rs. 251.881 Cr | Rs. 252.227 Cr | + 0.14 % | + 21.35 % |
Expenses | Rs. 190.73 Cr | Rs. 231.58 Cr | Rs. 231.74 Cr | + 0.07 % | + 21.5 % |
Operating Profit | Rs. 17.13 Cr | Rs. 20.3 Cr | Rs. 20.49 Cr | + 0.94 % | + 19.61 % |
Net Profit | Rs. 7.44 Cr | Rs. 9.14 Cr | Rs. 9.26 Cr | + 1.31 % | + 24.46 % |
EPS in Rs | Rs. 3.04 | Rs. 3.43 | Rs. 3.46 | + 0.87 % | + 13.82 % |
In reviewing Ritco Logistics Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 21.35 % year-on-year growth, however, there was a minor increase of 0.14 % from the previous quarter. Expenses rose by 21.5 % compared to the previous year, with a 0.07 % increase quarter-on-quarter. Operating Profit surged by 19.61 % annually, and saw a 0.94 % increase from the last quarter.
Net Profit showed yearly increase of 24.46 %, and experienced a 1.31 % increase from the previous quarter. Earnings Per Share (EPS) rose by 13.82 % annually, however rose by 0.87 % compared to the last quarter. In essence, while Ritco Logistics Limited exhibits strong annual growth 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.