Share the post "Thermax Ltd. : .Q4 .2024 .Quarterly Earnings: .YoY Sales Up .19.6. %, QoQ Up .18.9. %"
Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 19.6 % in the past year, substantial increase in net sales/revenue by 18.9 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -4.17 %, Marginal decrease of -4.6% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Thermax Ltd.. Notable increase of 20.08 % in net profit Year to Year, Thermax Ltd.’s profitability dropped by -20.87 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 22.02 % Year to Year. EPS decreased by -20.17 % 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. 2310.82 Cr | Rs. 2324.36 Cr | Rs. 2763.68 Cr | + 18.9 % | + 19.6 % |
Expenses | Rs. 2110.92 Cr | Rs. 2136.94 Cr | Rs. 2490.53 Cr | + 16.55 % | + 17.98 % |
Operating Profit | Rs. 199.9 Cr | Rs. 187.42 Cr | Rs. 273.15 Cr | + 45.74 % | + 36.64 % |
OPM % | 8.65 % | 8.06 % | 9.88 % | + 1.82 % | + 1.23 % |
Other Income | Rs. 57.81 Cr | Rs. 58.07 Cr | Rs. 55.4 Cr | -4.6 % | -4.17 % |
Interest | Rs. 13.92 Cr | Rs. 26.61 Cr | Rs. 27.81 Cr | + 4.51 % | + 99.78 % |
Depreciation | Rs. 29.44 Cr | Rs. 35.84 Cr | Rs. 49.88 Cr | + 39.17 % | + 69.43 % |
Profit before tax | Rs. 214.35 Cr | Rs. 183.04 Cr | Rs. 250.86 Cr | + 37.05 % | + 17.03 % |
Tax % | 27.16 % | 23.3 % | 25.24 % | + 1.94 % | -1.92 % |
Net Profit | Rs. 156.21 Cr | Rs. 237.06 Cr | Rs. 187.58 Cr | -20.87 % | + 20.08 % |
EPS in Rs | Rs. 13.85 | Rs. 21.17 | Rs. 16.9 | -20.17 % | + 22.02 % |
Today, we’re looking at Thermax 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 19.6 %. However, it did see a marginal increase of 18.9 % from the previous quarter. Expenses ticked up slightly by 16.55 % quarter-on-quarter, aligning with the annual rise of 17.98 %. Operating profit, while up 36.64 % compared to last year, faced a quarter-on-quarter increase of 45.74 %, 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 1.23 %, but an expansion of 1.82 % sequentially. Other income fell by -4.6 % compared to the last quarter, despite an annual decline of -4.17 %. Interest expenses surged remarkably by 4.51 % from the previous quarter, yet the year-over-year increase remains at a moderate 99.78 %. Depreciation costs climbed by 39.17 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 69.43 %. Profit before tax grew annually by 17.03 % but saw an increase from the preceding quarter by 37.05 %.
Tax expenses as a percentage of profits decreased slightly by -1.92 % compared to last year, with a more notable quarter-on-quarter increase of 1.94 %. Net profit rose by 20.08 % year-on-year but witnessed a -20.87 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 22.02 % but a quarterly fall of -20.17 %. In summary, Thermax 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. 2310.82 Cr | Rs. 2324.36 Cr | Rs. 2763.68 Cr | + 18.9 % | + 19.6 % |
Expenses | Rs. 2110.92 Cr | Rs. 2136.94 Cr | Rs. 2490.53 Cr | + 16.55 % | + 17.98 % |
Operating Profit | Rs. 199.9 Cr | Rs. 187.42 Cr | Rs. 273.15 Cr | + 45.74 % | + 36.64 % |
Net Profit | Rs. 156.21 Cr | Rs. 237.06 Cr | Rs. 187.58 Cr | -20.87 % | + 20.08 % |
EPS in Rs | Rs. 13.85 | Rs. 21.17 | Rs. 16.9 | -20.17 % | + 22.02 % |
In reviewing Thermax Ltd.’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 19.6 % year-on-year growth, however, there was a minor increase of 18.9 % from the previous quarter. Expenses rose by 17.98 % compared to the previous year, with a 16.55 % increase quarter-on-quarter. Operating Profit surged by 36.64 % annually, and saw a 45.74 % increase from the last quarter.
Net Profit showed yearly increase of 20.08 %, and experienced a -20.87 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 22.02 % annually, however dipped by -20.17 % compared to the last quarter. In essence, while Thermax 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.