Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 90.74 % in the past year, substantial increase in net sales/revenue by 25.94 %.
- 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 566.67 %. Marginal decrease of -92.45% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for United Drilling Tools Ltd.,. Notable increase of 9.18 % in net profit Year to Year, United Drilling Tools Ltd.,’s profitability increased by 28.28 % in this quarter.
- EPS over the Year and quarter: EPS increased by 13.77 % Year to Year. EPS increased by 31.93 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 22.419 Cr | Rs. 33.954 Cr | Rs. 42.761 Cr | + 25.94 % | + 90.74 % |
| Expenses | Rs. 16.63 Cr | Rs. 31.71 Cr | Rs. 36.44 Cr | + 14.92 % | + 119.12 % |
| Operating Profit | Rs. 5.79 Cr | Rs. 2.24 Cr | Rs. 6.32 Cr | + 182.14 % | + 9.15 % |
| OPM % | 25.83 % | 6.6 % | 14.78 % | + 8.18 % | -11.05 % |
| Other Income | Rs. -0.06 Cr | Rs. 3.71 Cr | Rs. 0.28 Cr | -92.45 % | + 566.67 % |
| Interest | Rs. 0.05 Cr | Rs. 1.22 Cr | Rs. 0.58 Cr | -52.46 % | + 1060 % |
| Depreciation | Rs. 1.42 Cr | Rs. 1.24 Cr | Rs. 1.46 Cr | + 17.74 % | + 2.82 % |
| Profit before tax | Rs. 4.26 Cr | Rs. 3.49 Cr | Rs. 4.56 Cr | + 30.66 % | + 7.04 % |
| Tax % | 33.02 % | 30.36 % | 31.68 % | + 1.32 % | -1.34 % |
| Net Profit | Rs. 2.85 Cr | Rs. 2.43 Cr | Rs. 3.12 Cr | + 28.4 % | + 9.47 % |
| EPS in Rs | Rs. 1.38 | Rs. 1.19 | Rs. 1.57 | + 31.93 % | + 13.77 % |
Today, we’re looking at United Drilling Tools 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 90.74 %. However, it did see a marginal increase of 25.94 % from the previous quarter. Expenses ticked up slightly by 14.92 % quarter-on-quarter, aligning with the annual rise of 119.12 %. Operating profit, while up 9.15 % compared to last year, faced a quarter-on-quarter increase of 182.14 %, 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 -11.05 %, but an expansion of 8.18 % sequentially. Other income fell by -92.45 % compared to the last quarter, despite an annual growth of 566.67 %. Interest expenses dropped significantly by -52.46 % from the previous quarter, yet the year-over-year increase remains at a moderate 1060 %. Depreciation costs climbed by 17.74 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 2.82 %. Profit before tax grew annually by 7.04 % but saw an increase from the preceding quarter by 30.66 %.
Tax expenses as a percentage of profits decreased slightly by -1.34 % compared to last year, with a more notable quarter-on-quarter increase of 1.32 %. Net profit rose by 9.47 % year-on-year but experienced a 28.4 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 13.77 % but a quarterly rise of 31.93 %. In summary, United Drilling Tools 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. 22.419 Cr | Rs. 33.954 Cr | Rs. 42.761 Cr | + 25.94 % | + 90.74 % |
| Expenses | Rs. 16.63 Cr | Rs. 31.71 Cr | Rs. 36.44 Cr | + 14.92 % | + 119.12 % |
| Operating Profit | Rs. 5.79 Cr | Rs. 2.24 Cr | Rs. 6.32 Cr | + 182.14 % | + 9.15 % |
| Net Profit | Rs. 2.85 Cr | Rs. 2.43 Cr | Rs. 3.12 Cr | + 28.4 % | + 9.47 % |
| EPS in Rs | Rs. 1.38 | Rs. 1.19 | Rs. 1.57 | + 31.93 % | + 13.77 % |
In reviewing United Drilling Tools Ltd.,’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 90.74 % year-on-year growth, however, there was a minor increase of 25.94 % from the previous quarter. Expenses rose by 119.12 % compared to the previous year, with a 14.92 % increase quarter-on-quarter. Operating Profit surged by 9.15 % annually, and saw a 182.14 % increase from the last quarter.
Net Profit showed yearly increase of 9.47 %, and experienced a 28.4 % increase from the previous quarter. Earnings Per Share (EPS) rose by 13.77 % annually, however rose by 31.93 % compared to the last quarter. In essence, while United Drilling Tools 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.
