Sri Ramakrishna Mills (Coimbatore) ‘s Q1 Financial results: Revenue Grows by 59.52% YoY

The comprehensive analytics outlining the performance and outlook of Sri Ramakrishna Mills (Coimbatore) Ltd.‘s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

Today, we’re looking at Sri Ramakrishna Mills (Coimbatore) 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 59.52 %. However, it did see a marginal slip of -0.65 % from the previous quarter. Expenses decreased slightly by -21.99 % quarter-on-quarter, aligning with the annual rise of 19.63 %. Operating profit, while up 255.7 % compared to last year, faced a quarter-on-quarter increase of 81.43 %, 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 20.79 %, but an expansion of 17.05 % sequentially. Other income fell by -53.51 % compared to the last quarter, despite an annual growth of 0 %. Interest expenses dropped significantly by -45.65 % from the previous quarter, yet the year-over-year decrease remains at a moderate -10.71 %. Depreciation costs fell by -28.4 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 132 %. Profit before tax grew annually by 430 % but saw an increase from the preceding quarter by 174.5 %.
Tax expenses as a percentage of profits decreased slightly by -0.04 % compared to last year, with a more notable quarter-on-quarter increase of 1.29 %. Net profit rose by 430.93 % year-on-year but experienced a 169.63 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 432.35 % but a quarterly rise of 170.15 %. In summary, Sri Ramakrishna Mills (Coimbatore) Ltd.’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.

In reviewing Sri Ramakrishna Mills (Coimbatore) Ltd.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 59.52 % year-on-year growth, although there was a slight dip of -0.65 % from the previous quarter. Expenses rose by 19.63 % compared to the previous year, with a decrease of -21.99 % quarter-on-quarter. Operating Profit surged by 255.7 % annually, and saw a 81.43 % increase from the last quarter.
Net Profit showed yearly increase of 430.93 %, and experienced a 169.63 % increase from the previous quarter. Earnings Per Share (EPS) rose by 432.35 % annually, however rose by 170.15 % compared to the last quarter. In essence, while Sri Ramakrishna Mills (Coimbatore) Ltd. 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.