Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 28.03 % in the past year, substantial increase in net sales/revenue by 5.42 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -5.17 %, Marginal decrease of -16.67% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Ritco Logistics Limited. Notable increase of 47.25 % in net profit Year to Year, Ritco Logistics Limited’s profitability increased by 0.1 % in this quarter.
- EPS over the Year and quarter: EPS increased by 47.50 % Year to Year. EPS increased by 0.28 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 196.735 Cr | Rs. 238.923 Cr | Rs. 251.881 Cr | + 5.42 % | + 28.03 % |
| Expenses | Rs. 182.48 Cr | Rs. 219.33 Cr | Rs. 232.07 Cr | + 5.81 % | + 27.18 % |
| Operating Profit | Rs. 14.26 Cr | Rs. 19.59 Cr | Rs. 19.81 Cr | + 1.12 % | + 38.92 % |
| OPM % | 7.25 % | 8.2 % | 7.86 % | -0.34 % | + 0.61 % |
| Other Income | Rs. 1.16 Cr | Rs. 1.32 Cr | Rs. 1.1 Cr | -16.67 % | -5.17 % |
| Interest | Rs. 4.8 Cr | Rs. 5.59 Cr | Rs. 5.79 Cr | + 3.58 % | + 20.63 % |
| Depreciation | Rs. 1.43 Cr | Rs. 3.32 Cr | Rs. 3.43 Cr | + 3.31 % | + 139.86 % |
| Profit before tax | Rs. 9.19 Cr | Rs. 12 Cr | Rs. 11.69 Cr | -2.58 % | + 27.2 % |
| Tax % | 36 % | 27.9 % | 26.01 % | -1.89 % | -9.99 % |
| Net Profit | Rs. 5.88 Cr | Rs. 8.65 Cr | Rs. 8.65 Cr | + 0 % | + 47.11 % |
| EPS in Rs | Rs. 2.4 | Rs. 3.53 | Rs. 3.5 | -0.85 % | + 45.83 % |
Today, we’re looking at Ritco Logistics Limited’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 28.03 %. However, it did see a marginal increase of 5.42 % from the previous quarter. Expenses ticked up slightly by 5.81 % quarter-on-quarter, aligning with the annual rise of 27.18 %. Operating profit, while up 38.92 % compared to last year, faced a quarter-on-quarter increase of 1.12 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 0.61 %, but a shrinkage of -0.34 % sequentially. Other income fell by -16.67 % compared to the last quarter, despite an annual decline of -5.17 %. Interest expenses surged remarkably by 3.58 % from the previous quarter, yet the year-over-year increase remains at a moderate 20.63 %. Depreciation costs climbed by 3.31 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 139.86 %. Profit before tax grew annually by 27.2 % but saw a reduction from the preceding quarter by -2.58 %.
Tax expenses as a percentage of profits decreased slightly by -9.99 % compared to last year, with a more notable quarter-on-quarter decrease of -1.89 %. Net profit rose by 47.11 % year-on-year but experienced a 0 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 45.83 % but a quarterly fall of -0.85 %. 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. 196.735 Cr | Rs. 238.923 Cr | Rs. 251.881 Cr | + 5.42 % | + 28.03 % |
| Expenses | Rs. 182.48 Cr | Rs. 219.33 Cr | Rs. 232.07 Cr | + 5.81 % | + 27.18 % |
| Operating Profit | Rs. 14.26 Cr | Rs. 19.59 Cr | Rs. 19.81 Cr | + 1.12 % | + 38.92 % |
| Net Profit | Rs. 5.88 Cr | Rs. 8.65 Cr | Rs. 8.65 Cr | + 0 % | + 47.11 % |
| EPS in Rs | Rs. 2.4 | Rs. 3.53 | Rs. 3.5 | -0.85 % | + 45.83 % |
In reviewing Ritco Logistics Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 28.03 % year-on-year growth, however, there was a minor increase of 5.42 % from the previous quarter. Expenses rose by 27.18 % compared to the previous year, with a 5.81 % increase quarter-on-quarter. Operating Profit surged by 38.92 % annually, and saw a 1.12 % increase from the last quarter.
Net Profit showed yearly increase of 47.11 %, and experienced a 0 % increase from the previous quarter. Earnings Per Share (EPS) rose by 45.83 % annually, however dipped by -0.85 % compared to the last quarter. In essence, while Ritco Logistics 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.
