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Highlights
- The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company experienced a substantial growth of 7.4 % in the past year, decrease in net sales/revenue by -4.19 %.
- 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 729.27 %. Marginal decrease of -57.5% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for United Spirits Limited. Notable increase of 1.74 % in net profit Year to Year, United Spirits Limited’s profitability increased by 101.24 % in this quarter.
- EPS over the Year and quarter: EPS increased by 1.79 % Year to Year. EPS increased by 100.88 % in previous quarter. Positive impact on shareholders.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 5808.4 Cr | Rs. 6511 Cr | Rs. 6238 Cr | -4.19 % | + 7.4 % |
Expenses | Rs. 5094.9 Cr | Rs. 6177 Cr | Rs. 5525 Cr | -10.56 % | + 8.44 % |
Operating Profit | Rs. 713.5 Cr | Rs. 334 Cr | Rs. 713 Cr | + 113.47 % | -0.07 % |
OPM % | 12.28 % | 5.13 % | 11.43 % | + 6.3 % | -0.85 % |
Other Income | Rs. 4.1 Cr | Rs. 80 Cr | Rs. 34 Cr | -57.5 % | + 729.27 % |
Interest | Rs. 4.3 Cr | Rs. 29 Cr | Rs. 22 Cr | -24.14 % | + 411.63 % |
Depreciation | Rs. 74.3 Cr | Rs. 73 Cr | Rs. 72 Cr | -1.37 % | -3.1 % |
Profit before tax | Rs. 639 Cr | Rs. 312 Cr | Rs. 653 Cr | + 109.29 % | + 2.19 % |
Tax % | 25.38 % | 22.76 % | 25.69 % | + 2.93 % | + 0.31 % |
Net Profit | Rs. 476.7 Cr | Rs. 241 Cr | Rs. 485 Cr | + 101.24 % | + 1.74 % |
EPS in Rs | Rs. 6.71 | Rs. 3.4 | Rs. 6.83 | + 100.88 % | + 1.79 % |
Today, we’re looking at United Spirits Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 7.4 %. However, it did see a marginal slip of -4.19 % from the previous quarter. Expenses decreased slightly by -10.56 % quarter-on-quarter, aligning with the annual rise of 8.44 %. Operating profit, while down -0.07 % compared to last year, faced a quarter-on-quarter increase of 113.47 %, 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 -0.85 %, but an expansion of 6.3 % sequentially. Other income fell by -57.5 % compared to the last quarter, despite an annual growth of 729.27 %. Interest expenses dropped significantly by -24.14 % from the previous quarter, yet the year-over-year increase remains at a moderate 411.63 %. Depreciation costs fell by -1.37 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -3.1 %. Profit before tax grew annually by 2.19 % but saw an increase from the preceding quarter by 109.29 %.
Tax expenses as a percentage of profits increased slightly by 0.31 % compared to last year, with a more notable quarter-on-quarter increase of 2.93 %. Net profit rose by 1.74 % year-on-year but experienced a 101.24 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 1.79 % but a quarterly rise of 100.88 %. In summary, United Spirits 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. 5808.4 Cr | Rs. 6511 Cr | Rs. 6238 Cr | -4.19 % | + 7.4 % |
Expenses | Rs. 5094.9 Cr | Rs. 6177 Cr | Rs. 5525 Cr | -10.56 % | + 8.44 % |
Operating Profit | Rs. 713.5 Cr | Rs. 334 Cr | Rs. 713 Cr | + 113.47 % | -0.07 % |
Net Profit | Rs. 476.7 Cr | Rs. 241 Cr | Rs. 485 Cr | + 101.24 % | + 1.74 % |
EPS in Rs | Rs. 6.71 | Rs. 3.4 | Rs. 6.83 | + 100.88 % | + 1.79 % |
In reviewing United Spirits Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 7.4 % year-on-year growth, although there was a slight dip of -4.19 % from the previous quarter. Expenses rose by 8.44 % compared to the previous year, with a decrease of -10.56 % quarter-on-quarter. Operating Profit dropped by -0.07 % annually, and saw a 113.47 % increase from the last quarter.
Net Profit showed yearly increase of 1.74 %, and experienced a 101.24 % increase from the previous quarter. Earnings Per Share (EPS) rose by 1.79 % annually, however rose by 100.88 % compared to the last quarter. In essence, while United Spirits 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.