Share the post "Wim Plast : Q4 2024 Financial Quarterly Report : YoY Sales Up 8.36 %, QoQ Up 12.61 %"
Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 8.36 % in the past year, substantial increase in net sales/revenue by 12.61 %.
- 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 90.65 %. Marginal increase in other income during this quarter, up by 22.14%.
- Profit over the Year and quarter: Significant improvement in profitability for Wim Plast Ltd.. Notable increase of 23.29 % in net profit Year to Year, Wim Plast Ltd.’s profitability increased by 26.58 % in this quarter.
- EPS over the Year and quarter: EPS increased by 23.36 % Year to Year. EPS increased by 26.59 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 90.518 Cr | Rs. 87.106 Cr | Rs. 98.088 Cr | + 12.61 % | + 8.36 % |
| Expenses | Rs. 73.38 Cr | Rs. 72.44 Cr | Rs. 80.43 Cr | + 11.03 % | + 9.61 % |
| Operating Profit | Rs. 17.14 Cr | Rs. 14.67 Cr | Rs. 17.66 Cr | + 20.38 % | + 3.03 % |
| OPM % | 18.94 % | 16.84 % | 18 % | + 1.16 % | -0.94 % |
| Other Income | Rs. 3.53 Cr | Rs. 5.51 Cr | Rs. 6.73 Cr | + 22.14 % | + 90.65 % |
| Interest | Rs. 0.02 Cr | Rs. 0.03 Cr | Rs. 0.01 Cr | -66.67 % | -50 % |
| Depreciation | Rs. 3.36 Cr | Rs. 2.97 Cr | Rs. 2.97 Cr | + 0 % | -11.61 % |
| Profit before tax | Rs. 17.29 Cr | Rs. 17.18 Cr | Rs. 21.41 Cr | + 24.62 % | + 23.83 % |
| Tax % | 23.57 % | 25.12 % | 23.94 % | -1.18 % | + 0.37 % |
| Net Profit | Rs. 13.21 Cr | Rs. 12.86 Cr | Rs. 16.28 Cr | + 26.59 % | + 23.24 % |
| EPS in Rs | Rs. 11 | Rs. 10.72 | Rs. 13.57 | + 26.59 % | + 23.36 % |
Today, we’re looking at Wim Plast 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 8.36 %. However, it did see a marginal increase of 12.61 % from the previous quarter. Expenses ticked up slightly by 11.03 % quarter-on-quarter, aligning with the annual rise of 9.61 %. Operating profit, while up 3.03 % compared to last year, faced a quarter-on-quarter increase of 20.38 %, 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 -0.94 %, but an expansion of 1.16 % sequentially. Other income rose by 22.14 % compared to the last quarter, despite an annual growth of 90.65 %. Interest expenses dropped significantly by -66.67 % from the previous quarter, yet the year-over-year decrease remains at a moderate -50 %. Depreciation costs climbed by 0 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -11.61 %. Profit before tax grew annually by 23.83 % but saw an increase from the preceding quarter by 24.62 %.
Tax expenses as a percentage of profits increased slightly by 0.37 % compared to last year, with a more notable quarter-on-quarter decrease of -1.18 %. Net profit rose by 23.24 % year-on-year but experienced a 26.59 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 23.36 % but a quarterly rise of 26.59 %. In summary, Wim Plast 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. 90.518 Cr | Rs. 87.106 Cr | Rs. 98.088 Cr | + 12.61 % | + 8.36 % |
| Expenses | Rs. 73.38 Cr | Rs. 72.44 Cr | Rs. 80.43 Cr | + 11.03 % | + 9.61 % |
| Operating Profit | Rs. 17.14 Cr | Rs. 14.67 Cr | Rs. 17.66 Cr | + 20.38 % | + 3.03 % |
| Net Profit | Rs. 13.21 Cr | Rs. 12.86 Cr | Rs. 16.28 Cr | + 26.59 % | + 23.24 % |
| EPS in Rs | Rs. 11 | Rs. 10.72 | Rs. 13.57 | + 26.59 % | + 23.36 % |
In reviewing Wim Plast Ltd.’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 8.36 % year-on-year growth, however, there was a minor increase of 12.61 % from the previous quarter. Expenses rose by 9.61 % compared to the previous year, with a 11.03 % increase quarter-on-quarter. Operating Profit surged by 3.03 % annually, and saw a 20.38 % increase from the last quarter.
Net Profit showed yearly increase of 23.24 %, and experienced a 26.59 % increase from the previous quarter. Earnings Per Share (EPS) rose by 23.36 % annually, however rose by 26.59 % compared to the last quarter. In essence, while Wim Plast 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.
