Share the post "Ritesh International : Q4 2024 Financial Quarterly Report : YoY Sales Up 24.48 %, QoQ Up 40.55 %"
Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 24.48 % in the past year, substantial increase in net sales/revenue by 40.55 %.
- 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 80 %. Marginal decrease of % in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Ritesh International Ltd. Profit dropped by -98.77 % Year to Year, Ritesh International Ltd’s profitability dropped by -133.87 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -98.50 % Year to Year. EPS decreased by -142.86 % 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. 19.765 Cr | Rs. 17.505 Cr | Rs. 24.604 Cr | + 40.55 % | + 24.48 % |
| Expenses | Rs. 20.88 Cr | Rs. 17.11 Cr | Rs. 24.26 Cr | + 41.79 % | + 16.19 % |
| Operating Profit | Rs. -1.12 Cr | Rs. 0.4 Cr | Rs. 0.34 Cr | -15 % | + 130.36 % |
| OPM % | -5.67 % | 2.29 % | 1.38 % | -0.91 % | + 7.05 % |
| Other Income | Rs. 0.05 Cr | Rs. -0 Cr | Rs. 0.09 Cr | 0 % | + 80 % |
| Interest | Rs. 0.13 Cr | Rs. 0.16 Cr | Rs. 0.13 Cr | -18.75 % | + 0 % |
| Depreciation | Rs. 0.1 Cr | Rs. 0.17 Cr | Rs. 0.16 Cr | -5.88 % | + 60 % |
| Profit before tax | Rs. -1.3 Cr | Rs. 0.07 Cr | Rs. 0.14 Cr | + 100 % | + 110.77 % |
| Tax % | -4.74 % | 0 % | 117.95 % | + 117.95 % | + 122.69 % |
| Net Profit | Rs. -1.71 Cr | Rs. 0.06 Cr | Rs. -0.02 Cr | -133.33 % | + 98.83 % |
| EPS in Rs | Rs. -2 | Rs. 0.07 | Rs. -0.03 | -142.86 % | + 98.5 % |
Today, we’re looking at Ritesh International Ltd’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 24.48 %. However, it did see a marginal increase of 40.55 % from the previous quarter. Expenses ticked up slightly by 41.79 % quarter-on-quarter, aligning with the annual rise of 16.19 %. Operating profit, while up 130.36 % compared to last year, faced a quarter-on-quarter dip of -15 %, 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 7.05 %, but a shrinkage of -0.91 % sequentially. despite an annual growth of 80 %. Interest expenses dropped significantly by -18.75 % from the previous quarter, yet the year-over-year increase remains at a moderate 0 %. Depreciation costs fell by -5.88 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 60 %. Profit before tax grew annually by 110.77 % but saw an increase from the preceding quarter by 100 %.
Tax expenses as a percentage of profits increased slightly by 122.69 % compared to last year, with a more notable quarter-on-quarter increase of 117.95 %. Net profit rose by 98.83 % year-on-year but witnessed a -133.33 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 98.5 % but a quarterly fall of -142.86 %. In summary, Ritesh International 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. 19.765 Cr | Rs. 17.505 Cr | Rs. 24.604 Cr | + 40.55 % | + 24.48 % |
| Expenses | Rs. 20.88 Cr | Rs. 17.11 Cr | Rs. 24.26 Cr | + 41.79 % | + 16.19 % |
| Operating Profit | Rs. -1.12 Cr | Rs. 0.4 Cr | Rs. 0.34 Cr | -15 % | + 130.36 % |
| Net Profit | Rs. -1.71 Cr | Rs. 0.06 Cr | Rs. -0.02 Cr | -133.33 % | + 98.83 % |
| EPS in Rs | Rs. -2 | Rs. 0.07 | Rs. -0.03 | -142.86 % | + 98.5 % |
In reviewing Ritesh International Ltd’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 24.48 % year-on-year growth, however, there was a minor increase of 40.55 % from the previous quarter. Expenses rose by 16.19 % compared to the previous year, with a 41.79 % increase quarter-on-quarter. Operating Profit surged by 130.36 % annually, and saw a -15 % decrease from the last quarter.
Net Profit showed yearly increase of 98.83 %, and experienced a -133.33 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 98.5 % annually, however dipped by -142.86 % compared to the last quarter. In essence, while Ritesh International Ltd 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.
