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Highlights
- The presented financial data is Standalone to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company’s sales declined by -30.26 % over the year, decrease in net sales/revenue by -21.99 %.
- 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 3496.07 %. Marginal increase in other income during this quarter, up by 509.4%.
- Profit over the Year and quarter: Challenges in sustaining profitability for The India Cements Limited. Profit dropped by -176.34 % Year to Year, The India Cements Limited’s profitability dropped by -295.91 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -176.86 % Year to Year. EPS decreased by -311.36 % 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. 1393.04 Cr | Rs. 1245.38 Cr | Rs. 971.53 Cr | -21.99 % | -30.26 % |
| Expenses | Rs. 1388.02 Cr | Rs. 1198.52 Cr | Rs. 1002.52 Cr | -16.35 % | -27.77 % |
| Operating Profit | Rs. 5.02 Cr | Rs. 46.86 Cr | Rs. -30.99 Cr | -166.13 % | -717.33 % |
| OPM % | 0.36 % | 3.76 % | -3.19 % | -6.95 % | -3.55 % |
| Other Income | Rs. 6.87 Cr | Rs. 40.54 Cr | Rs. 247.05 Cr | + 509.4 % | + 3496.07 % |
| Interest | Rs. 57.83 Cr | Rs. 63.73 Cr | Rs. 82.44 Cr | + 29.36 % | + 42.56 % |
| Depreciation | Rs. 52.97 Cr | Rs. 56.58 Cr | Rs. 55.33 Cr | -2.21 % | + 4.46 % |
| Profit before tax | Rs. -98.91 Cr | Rs. -32.91 Cr | Rs. 78.29 Cr | + 337.89 % | + 179.15 % |
| Tax % | -23.9 % | -10.88 % | 26.61 % | + 37.49 % | + 50.51 % |
| Net Profit | Rs. -75.27 Cr | Rs. -29.33 Cr | Rs. 57.46 Cr | + 295.91 % | + 176.34 % |
| EPS in Rs | Rs. -2.42 | Rs. -0.88 | Rs. 1.86 | + 311.36 % | + 176.86 % |
Today, we’re looking at The India Cements Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -30.26 %. However, it did see a marginal slip of -21.99 % from the previous quarter. Expenses decreased slightly by -16.35 % quarter-on-quarter, aligning with the annual decline of -27.77 %. Operating profit, while down -717.33 % compared to last year, faced a quarter-on-quarter dip of -166.13 %, 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 -3.55 %, but a shrinkage of -6.95 % sequentially. Other income rose by 509.4 % compared to the last quarter, despite an annual growth of 3496.07 %. Interest expenses surged remarkably by 29.36 % from the previous quarter, yet the year-over-year increase remains at a moderate 42.56 %. Depreciation costs fell by -2.21 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 4.46 %. Profit before tax grew annually by 179.15 % but saw an increase from the preceding quarter by 337.89 %.
Tax expenses as a percentage of profits increased slightly by 50.51 % compared to last year, with a more notable quarter-on-quarter increase of 37.49 %. Net profit rose by 176.34 % year-on-year but experienced a 295.91 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 176.86 % but a quarterly rise of 311.36 %. In summary, The India Cements 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. 1393.04 Cr | Rs. 1245.38 Cr | Rs. 971.53 Cr | -21.99 % | -30.26 % |
| Expenses | Rs. 1388.02 Cr | Rs. 1198.52 Cr | Rs. 1002.52 Cr | -16.35 % | -27.77 % |
| Operating Profit | Rs. 5.02 Cr | Rs. 46.86 Cr | Rs. -30.99 Cr | -166.13 % | -717.33 % |
| Net Profit | Rs. -75.27 Cr | Rs. -29.33 Cr | Rs. 57.46 Cr | + 295.91 % | + 176.34 % |
| EPS in Rs | Rs. -2.42 | Rs. -0.88 | Rs. 1.86 | + 311.36 % | + 176.86 % |
In reviewing The India Cements Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -30.26 % year-on-year, although there was a slight dip of -21.99 % from the previous quarter. Expenses decreased by -27.77 % compared to the previous year, with a decrease of -16.35 % quarter-on-quarter. Operating Profit dropped by -717.33 % annually, and saw a -166.13 % decrease from the last quarter.
Net Profit showed yearly increase of 176.34 %, and experienced a 295.91 % increase from the previous quarter. Earnings Per Share (EPS) rose by 176.86 % annually, however rose by 311.36 % compared to the last quarter. In essence, while The India Cements 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.
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