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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 29.84 % in the past year, substantial increase in net sales/revenue by 10.49 %.
- 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 2.34 %. Marginal increase in other income during this quarter, up by 15.18%.
- Profit over the Year and quarter: Significant improvement in profitability for Welspun Enterprises Limited. Notable increase of 18.24 % in net profit Year to Year, Welspun Enterprises Limited’s profitability increased by 41.28 % in this quarter.
- EPS over the Year and quarter: EPS increased by 8.95 % Year to Year. EPS increased by 40.51 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 698.73 Cr | Rs. 821.11 Cr | Rs. 907.25 Cr | + 10.49 % | + 29.84 % |
| Expenses | Rs. 593.54 Cr | Rs. 709.97 Cr | Rs. 767.01 Cr | + 8.03 % | + 29.23 % |
| Operating Profit | Rs. 105.19 Cr | Rs. 111.14 Cr | Rs. 140.24 Cr | + 26.18 % | + 33.32 % |
| OPM % | 15.05 % | 13.54 % | 15.46 % | + 1.92 % | + 0.41 % |
| Other Income | Rs. 51.31 Cr | Rs. 45.59 Cr | Rs. 52.51 Cr | + 15.18 % | + 2.34 % |
| Interest | Rs. 26.71 Cr | Rs. 28.34 Cr | Rs. 30.11 Cr | + 6.25 % | + 12.73 % |
| Depreciation | Rs. 3.29 Cr | Rs. 9.08 Cr | Rs. 8.7 Cr | -4.19 % | + 164.44 % |
| Profit before tax | Rs. 126.5 Cr | Rs. 119.31 Cr | Rs. 153.94 Cr | + 29.03 % | + 21.69 % |
| Tax % | 25.97 % | 28.74 % | 24.54 % | -4.2 % | -1.43 % |
| Net Profit | Rs. 92.8 Cr | Rs. 77.67 Cr | Rs. 109.73 Cr | + 41.28 % | + 18.24 % |
| EPS in Rs | Rs. 6.54 | Rs. 5.03 | Rs. 7.08 | + 40.76 % | + 8.26 % |
Today, we’re looking at Welspun Enterprises 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 29.84 %. However, it did see a marginal increase of 10.49 % from the previous quarter. Expenses ticked up slightly by 8.03 % quarter-on-quarter, aligning with the annual rise of 29.23 %. Operating profit, while up 33.32 % compared to last year, faced a quarter-on-quarter increase of 26.18 %, 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 0.41 %, but an expansion of 1.92 % sequentially. Other income rose by 15.18 % compared to the last quarter, despite an annual growth of 2.34 %. Interest expenses surged remarkably by 6.25 % from the previous quarter, yet the year-over-year increase remains at a moderate 12.73 %. Depreciation costs fell by -4.19 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 164.44 %. Profit before tax grew annually by 21.69 % but saw an increase from the preceding quarter by 29.03 %.
Tax expenses as a percentage of profits decreased slightly by -1.43 % compared to last year, with a more notable quarter-on-quarter decrease of -4.2 %. Net profit rose by 18.24 % year-on-year but experienced a 41.28 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 8.26 % but a quarterly rise of 40.76 %. In summary, Welspun Enterprises 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. 698.73 Cr | Rs. 821.11 Cr | Rs. 907.25 Cr | + 10.49 % | + 29.84 % |
| Expenses | Rs. 593.54 Cr | Rs. 709.97 Cr | Rs. 767.01 Cr | + 8.03 % | + 29.23 % |
| Operating Profit | Rs. 105.19 Cr | Rs. 111.14 Cr | Rs. 140.24 Cr | + 26.18 % | + 33.32 % |
| Net Profit | Rs. 92.8 Cr | Rs. 77.67 Cr | Rs. 109.73 Cr | + 41.28 % | + 18.24 % |
| EPS in Rs | Rs. 6.54 | Rs. 5.03 | Rs. 7.08 | + 40.76 % | + 8.26 % |
In reviewing Welspun Enterprises Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 29.84 % year-on-year growth, however, there was a minor increase of 10.49 % from the previous quarter. Expenses rose by 29.23 % compared to the previous year, with a 8.03 % increase quarter-on-quarter. Operating Profit surged by 33.32 % annually, and saw a 26.18 % increase from the last quarter.
Net Profit showed yearly increase of 18.24 %, and experienced a 41.28 % increase from the previous quarter. Earnings Per Share (EPS) rose by 8.26 % annually, however rose by 40.76 % compared to the last quarter. In essence, while Welspun Enterprises 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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