Sri Ramakrishna Mills (Coimbatore) : Q4 2024 Financial Quarterly Report : YoY Sales Up 64.67 %, QoQ Up 116.67 %

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 Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 64.67 %. However, it did see a marginal increase of 116.67 % from the previous quarter. Expenses ticked up slightly by 98.04 % quarter-on-quarter, aligning with the annual rise of 74.52 %. Operating profit, while up 35.45 % compared to last year, faced a quarter-on-quarter increase of 238.64 %, 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 -4.45 %, but an expansion of 7.43 % sequentially. Other income rose by 146.15 % compared to the last quarter, despite an annual growth of 146.15 %. Interest expenses surged remarkably by 62.35 % from the previous quarter, yet the year-over-year increase remains at a moderate 46.81 %. Depreciation costs climbed by 350 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 50 %. Profit before tax grew annually by 33.33 % but saw an increase from the preceding quarter by 519.05 %.
Tax expenses as a percentage of profits increased slightly by 20.88 % compared to last year, with a more notable quarter-on-quarter decrease of -14.96 %. Net profit rose by 0.53 % year-on-year but experienced a 267.31 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 0.37 % but a quarterly rise of 272.22 %. 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(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 64.67 % year-on-year growth, however, there was a minor increase of 116.67 % from the previous quarter. Expenses rose by 74.52 % compared to the previous year, with a 98.04 % increase quarter-on-quarter. Operating Profit surged by 35.45 % annually, and saw a 238.64 % increase from the last quarter.
Net Profit showed yearly increase of 0.53 %, and experienced a 267.31 % increase from the previous quarter. Earnings Per Share (EPS) rose by 0.37 % annually, however rose by 272.22 % 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.