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Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 9.61 % in the past year, decrease in net sales/revenue by -6.07 %.
- 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 96.36 %. Marginal increase in other income during this quarter, up by 188.71%.
- Profit over the Year and quarter: Significant improvement in profitability for Welspun Corp Limited. Notable increase of 19.66 % in net profit Year to Year, Welspun Corp Limited’s profitability dropped by -2.19 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 13.75 % Year to Year. EPS decreased by -8.06 % 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. 4070.15 Cr | Rs. 4749.71 Cr | Rs. 4461.17 Cr | -6.07 % | + 9.61 % |
Expenses | Rs. 3649.6 Cr | Rs. 4286.74 Cr | Rs. 4131.02 Cr | -3.63 % | + 13.19 % |
Operating Profit | Rs. 420.55 Cr | Rs. 462.97 Cr | Rs. 330.15 Cr | -28.69 % | -21.5 % |
OPM % | 10.33 % | 9.75 % | 7.4 % | -2.35 % | -2.93 % |
Other Income | Rs. 90.81 Cr | Rs. 61.76 Cr | Rs. 178.31 Cr | + 188.71 % | + 96.36 % |
Interest | Rs. 94.71 Cr | Rs. 62.5 Cr | Rs. 74.58 Cr | + 19.33 % | -21.25 % |
Depreciation | Rs. 91.24 Cr | Rs. 89.55 Cr | Rs. 86.77 Cr | -3.1 % | -4.9 % |
Profit before tax | Rs. 325.41 Cr | Rs. 372.68 Cr | Rs. 347.11 Cr | -6.86 % | + 6.67 % |
Tax % | 28.75 % | 24.73 % | 23.81 % | -0.92 % | -4.94 % |
Net Profit | Rs. 240.08 Cr | Rs. 293.7 Cr | Rs. 287.28 Cr | -2.19 % | + 19.66 % |
EPS in Rs | Rs. 9 | Rs. 11.13 | Rs. 10.23 | -8.09 % | + 13.67 % |
Today, we’re looking at Welspun Corp Limited’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 9.61 %. However, it did see a marginal slip of -6.07 % from the previous quarter. Expenses decreased slightly by -3.63 % quarter-on-quarter, aligning with the annual rise of 13.19 %. Operating profit, while down -21.5 % compared to last year, faced a quarter-on-quarter dip of -28.69 %, 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 -2.93 %, but a shrinkage of -2.35 % sequentially. Other income rose by 188.71 % compared to the last quarter, despite an annual growth of 96.36 %. Interest expenses surged remarkably by 19.33 % from the previous quarter, yet the year-over-year decrease remains at a moderate -21.25 %. Depreciation costs fell by -3.1 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -4.9 %. Profit before tax grew annually by 6.67 % but saw a reduction from the preceding quarter by -6.86 %.
Tax expenses as a percentage of profits decreased slightly by -4.94 % compared to last year, with a more notable quarter-on-quarter decrease of -0.92 %. Net profit rose by 19.66 % year-on-year but witnessed a -2.19 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 13.67 % but a quarterly fall of -8.09 %. In summary, Welspun Corp 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. 4070.15 Cr | Rs. 4749.71 Cr | Rs. 4461.17 Cr | -6.07 % | + 9.61 % |
Expenses | Rs. 3649.6 Cr | Rs. 4286.74 Cr | Rs. 4131.02 Cr | -3.63 % | + 13.19 % |
Operating Profit | Rs. 420.55 Cr | Rs. 462.97 Cr | Rs. 330.15 Cr | -28.69 % | -21.5 % |
Net Profit | Rs. 240.08 Cr | Rs. 293.7 Cr | Rs. 287.28 Cr | -2.19 % | + 19.66 % |
EPS in Rs | Rs. 9 | Rs. 11.13 | Rs. 10.23 | -8.09 % | + 13.67 % |
In reviewing Welspun Corp Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 9.61 % year-on-year growth, although there was a slight dip of -6.07 % from the previous quarter. Expenses rose by 13.19 % compared to the previous year, with a decrease of -3.63 % quarter-on-quarter. Operating Profit dropped by -21.5 % annually, and saw a -28.69 % decrease from the last quarter.
Net Profit showed yearly increase of 19.66 %, and experienced a -2.19 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 13.67 % annually, however dipped by -8.09 % compared to the last quarter. In essence, while Welspun Corp Limited 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.