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Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 5.63 % in the past year, substantial increase in net sales/revenue by 15.74 %.
- 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 1624 %. Marginal decrease of -5.69% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Rolex Rings Limited. Profit dropped by -49.1 % Year to Year, Rolex Rings Limited’s profitability dropped by -36.19 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -49.12 % Year to Year. EPS decreased by -36.2 % 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. 299.484 Cr | Rs. 273.314 Cr | Rs. 316.338 Cr | + 15.74 % | + 5.63 % |
| Expenses | Rs. 234.9 Cr | Rs. 220.66 Cr | Rs. 244.44 Cr | + 10.78 % | + 4.06 % |
| Operating Profit | Rs. 64.58 Cr | Rs. 52.65 Cr | Rs. 71.9 Cr | + 36.56 % | + 11.33 % |
| OPM % | 21.56 % | 19.26 % | 22.73 % | + 3.47 % | + 1.17 % |
| Other Income | Rs. 0.25 Cr | Rs. 4.57 Cr | Rs. 4.31 Cr | -5.69 % | + 1624 % |
| Interest | Rs. 0.4 Cr | Rs. 0.37 Cr | Rs. 0.51 Cr | + 37.84 % | + 27.5 % |
| Depreciation | Rs. 7.35 Cr | Rs. 6.82 Cr | Rs. 12.33 Cr | + 80.79 % | + 67.76 % |
| Profit before tax | Rs. 57.08 Cr | Rs. 50.03 Cr | Rs. 63.37 Cr | + 26.66 % | + 11.02 % |
| Tax % | 18.71 % | 26.01 % | 24.7 % | -1.31 % | + 5.99 % |
| Net Profit | Rs. 46.41 Cr | Rs. 37.02 Cr | Rs. 23.62 Cr | -36.2 % | -49.11 % |
| EPS in Rs | Rs. 17.04 | Rs. 13.59 | Rs. 8.67 | -36.2 % | -49.12 % |
Today, we’re looking at Rolex Rings 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 5.63 %. However, it did see a marginal increase of 15.74 % from the previous quarter. Expenses ticked up slightly by 10.78 % quarter-on-quarter, aligning with the annual rise of 4.06 %. Operating profit, while up 11.33 % compared to last year, faced a quarter-on-quarter increase of 36.56 %, 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 1.17 %, but an expansion of 3.47 % sequentially. Other income fell by -5.69 % compared to the last quarter, despite an annual growth of 1624 %. Interest expenses surged remarkably by 37.84 % from the previous quarter, yet the year-over-year increase remains at a moderate 27.5 %. Depreciation costs climbed by 80.79 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 67.76 %. Profit before tax grew annually by 11.02 % but saw an increase from the preceding quarter by 26.66 %.
Tax expenses as a percentage of profits increased slightly by 5.99 % compared to last year, with a more notable quarter-on-quarter decrease of -1.31 %. Net profit fell by -49.11 % year-on-year but witnessed a -36.2 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -49.12 % but a quarterly fall of -36.2 %. In summary, Rolex Rings 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. 299.484 Cr | Rs. 273.314 Cr | Rs. 316.338 Cr | + 15.74 % | + 5.63 % |
| Expenses | Rs. 234.9 Cr | Rs. 220.66 Cr | Rs. 244.44 Cr | + 10.78 % | + 4.06 % |
| Operating Profit | Rs. 64.58 Cr | Rs. 52.65 Cr | Rs. 71.9 Cr | + 36.56 % | + 11.33 % |
| Net Profit | Rs. 46.41 Cr | Rs. 37.02 Cr | Rs. 23.62 Cr | -36.2 % | -49.11 % |
| EPS in Rs | Rs. 17.04 | Rs. 13.59 | Rs. 8.67 | -36.2 % | -49.12 % |
In reviewing Rolex Rings Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 5.63 % year-on-year growth, however, there was a minor increase of 15.74 % from the previous quarter. Expenses rose by 4.06 % compared to the previous year, with a 10.78 % increase quarter-on-quarter. Operating Profit surged by 11.33 % annually, and saw a 36.56 % increase from the last quarter.
Net Profit showed yearly decrease of -49.11 %, and experienced a -36.2 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -49.12 % annually, however dipped by -36.2 % compared to the last quarter. In essence, while Rolex Rings 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.
