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Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 14.2 % in the past year, substantial increase in net sales/revenue by 24.49 %.
- 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 208.7 %. Marginal increase in other income during this quarter, up by 67.06%.
- Profit over the Year and quarter: Significant improvement in profitability for Rungta Irrigation Ltd.. Notable increase of 13.18 % in net profit Year to Year, Rungta Irrigation Ltd.’s profitability dropped by -24.02 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 52.56 % Year to Year. EPS increased by 275.63 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 44.865 Cr | Rs. 41.157 Cr | Rs. 51.237 Cr | + 24.49 % | + 14.2 % |
| Expenses | Rs. 42.87 Cr | Rs. 39.17 Cr | Rs. 50.08 Cr | + 27.85 % | + 16.82 % |
| Operating Profit | Rs. 2 Cr | Rs. 1.99 Cr | Rs. 1.16 Cr | -41.71 % | -42 % |
| OPM % | 4.46 % | 4.84 % | 2.26 % | -2.58 % | -2.2 % |
| Other Income | Rs. 0.46 Cr | Rs. 0.85 Cr | Rs. 1.42 Cr | + 67.06 % | + 208.7 % |
| Interest | Rs. 0.72 Cr | Rs. 0.32 Cr | Rs. 0.33 Cr | + 3.13 % | -54.17 % |
| Depreciation | Rs. 0.37 Cr | Rs. 0.51 Cr | Rs. 0.66 Cr | + 29.41 % | + 78.38 % |
| Profit before tax | Rs. 1.37 Cr | Rs. 2.01 Cr | Rs. 1.59 Cr | -20.9 % | + 16.06 % |
| Tax % | 26.33 % | 25.2 % | 28.45 % | + 3.25 % | + 2.12 % |
| Net Profit | Rs. 1.01 Cr | Rs. 1.5 Cr | Rs. 1.14 Cr | -24 % | + 12.87 % |
| EPS in Rs | Rs. 2.93 | Rs. 1.19 | Rs. 4.47 | + 275.63 % | + 52.56 % |
Today, we’re looking at Rungta Irrigation 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 14.2 %. However, it did see a marginal increase of 24.49 % from the previous quarter. Expenses ticked up slightly by 27.85 % quarter-on-quarter, aligning with the annual rise of 16.82 %. Operating profit, while down -42 % compared to last year, faced a quarter-on-quarter dip of -41.71 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -2.2 %, but a shrinkage of -2.58 % sequentially. Other income rose by 67.06 % compared to the last quarter, despite an annual growth of 208.7 %. Interest expenses surged remarkably by 3.13 % from the previous quarter, yet the year-over-year decrease remains at a moderate -54.17 %. Depreciation costs climbed by 29.41 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 78.38 %. Profit before tax grew annually by 16.06 % but saw a reduction from the preceding quarter by -20.9 %.
Tax expenses as a percentage of profits increased slightly by 2.12 % compared to last year, with a more notable quarter-on-quarter increase of 3.25 %. Net profit rose by 12.87 % year-on-year but witnessed a -24 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 52.56 % but a quarterly rise of 275.63 %. 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. 44.865 Cr | Rs. 41.157 Cr | Rs. 51.237 Cr | + 24.49 % | + 14.2 % |
| Expenses | Rs. 42.87 Cr | Rs. 39.17 Cr | Rs. 50.08 Cr | + 27.85 % | + 16.82 % |
| Operating Profit | Rs. 2 Cr | Rs. 1.99 Cr | Rs. 1.16 Cr | -41.71 % | -42 % |
| Net Profit | Rs. 1.01 Cr | Rs. 1.5 Cr | Rs. 1.14 Cr | -24 % | + 12.87 % |
| EPS in Rs | Rs. 2.93 | Rs. 1.19 | Rs. 4.47 | + 275.63 % | + 52.56 % |
In reviewing Rungta Irrigation Ltd.’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 14.2 % year-on-year growth, however, there was a minor increase of 24.49 % from the previous quarter. Expenses rose by 16.82 % compared to the previous year, with a 27.85 % increase quarter-on-quarter. Operating Profit dropped by -42 % annually, and saw a -41.71 % decrease from the last quarter.
Net Profit showed yearly increase of 12.87 %, and experienced a -24 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 52.56 % annually, however rose by 275.63 % compared to the last quarter. In essence, while Rungta Irrigation 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.
