Share the post "Rungta Irrigation ‘s Q1 Results: Profit Drops by 35.86% YoY"
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 17.33 % in the past year, decrease in net sales/revenue by -40.66 %.
- 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 12.15 %. Marginal decrease of -46.73% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Rungta Irrigation Ltd.. Profit dropped by -36.09 % Year to Year, Rungta Irrigation Ltd.’s profitability increased by 10.86 % in this quarter.
- EPS over the Year and quarter: EPS declined by -59.24 % Year to Year. EPS decreased by -85.68 % 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. 25.911 Cr | Rs. 51.237 Cr | Rs. 30.402 Cr | -40.66 % | + 17.33 % |
| Expenses | Rs. 23.25 Cr | Rs. 50.08 Cr | Rs. 28.69 Cr | -42.71 % | + 23.4 % |
| Operating Profit | Rs. 2.66 Cr | Rs. 1.16 Cr | Rs. 1.71 Cr | + 47.41 % | -35.71 % |
| OPM % | 10.27 % | 2.26 % | 5.62 % | + 3.36 % | -4.65 % |
| Other Income | Rs. 0.675 Cr | Rs. 1.421 Cr | Rs. 0.757 Cr | -46.73 % | + 12.15 % |
| Interest | Rs. 0.29 Cr | Rs. 0.33 Cr | Rs. 0.25 Cr | -24.24 % | -13.79 % |
| Depreciation | Rs. 0.4 Cr | Rs. 0.66 Cr | Rs. 0.53 Cr | -19.7 % | + 32.5 % |
| Profit before tax | Rs. 2.65 Cr | Rs. 1.59 Cr | Rs. 1.69 Cr | + 6.29 % | -36.23 % |
| Tax % | 25.13 % | 28.45 % | 25.18 % | -3.27 % | + 0.05 % |
| Net Profit | Rs. 1.98 Cr | Rs. 1.14 Cr | Rs. 1.27 Cr | + 11.4 % | -35.86 % |
| EPS in Rs | Rs. 1.57 | Rs. 4.47 | Rs. 0.64 | -85.68 % | -59.24 % |
Today, we’re looking at Rungta Irrigation Ltd.’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 17.33 %. However, it did see a marginal slip of -40.66 % from the previous quarter. Expenses decreased slightly by -42.71 % quarter-on-quarter, aligning with the annual rise of 23.4 %. Operating profit, while down -35.71 % compared to last year, faced a quarter-on-quarter increase of 47.41 %, 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 -4.65 %, but an expansion of 3.36 % sequentially. Other income fell by -46.73 % compared to the last quarter, despite an annual growth of 12.15 %. Interest expenses dropped significantly by -24.24 % from the previous quarter, yet the year-over-year decrease remains at a moderate -13.79 %. Depreciation costs fell by -19.7 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 32.5 %. Profit before tax declined annually by -36.23 % but saw an increase from the preceding quarter by 6.29 %.
Tax expenses as a percentage of profits increased slightly by 0.05 % compared to last year, with a more notable quarter-on-quarter decrease of -3.27 %. Net profit fell by -35.86 % year-on-year but experienced a 11.4 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -59.24 % but a quarterly fall of -85.68 %. In summary, Rungta Irrigation 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. 25.911 Cr | Rs. 51.237 Cr | Rs. 30.402 Cr | -40.66 % | + 17.33 % |
| Expenses | Rs. 23.25 Cr | Rs. 50.08 Cr | Rs. 28.69 Cr | -42.71 % | + 23.4 % |
| Operating Profit | Rs. 2.66 Cr | Rs. 1.16 Cr | Rs. 1.71 Cr | + 47.41 % | -35.71 % |
| Net Profit | Rs. 1.98 Cr | Rs. 1.14 Cr | Rs. 1.27 Cr | + 11.4 % | -35.86 % |
| EPS in Rs | Rs. 1.57 | Rs. 4.47 | Rs. 0.64 | -85.68 % | -59.24 % |
In reviewing Rungta Irrigation Ltd.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 17.33 % year-on-year growth, although there was a slight dip of -40.66 % from the previous quarter. Expenses rose by 23.4 % compared to the previous year, with a decrease of -42.71 % quarter-on-quarter. Operating Profit dropped by -35.71 % annually, and saw a 47.41 % increase from the last quarter.
Net Profit showed yearly decrease of -35.86 %, and experienced a 11.4 % increase from the previous quarter. Earnings Per Share (EPS) fell by -59.24 % annually, however dipped by -85.68 % compared to the last quarter. In essence, while Rungta Irrigation Ltd. faces strong annual decline 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.
[my_shortcode1]
