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Winsome Textile Industries : Q4 2024 Financial Quarterly Report : YoY Sales Up 2.35 %, QoQ Up 12 %

June 3, 2024June 3, 2024| adminadmin| 0 Comments| 4:50 pm
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Highlights

  • Sales over the Year and quarter: The company experienced a substantial growth of 2.35 % in the past year, substantial increase in net sales/revenue by 12 %.
  • 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 27.45 %. Marginal increase in other income during this quarter, up by 32.65%.
  • Profit over the Year and quarter: Significant improvement in profitability for Winsome Textile Industries Ltd. Notable increase of 17.54 % in net profit Year to Year, Winsome Textile Industries Ltd’s profitability increased by 147.16 % in this quarter.
  • EPS over the Year and quarter: EPS increased by 26.04 % Year to Year. EPS increased by 157.45 % in previous quarter. Positive impact on shareholders.

The comprehensive analytics outlining the performance and outlook of Winsome Textile Industries Ltd”s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

Metrics Previous Year Previous Quarter Current Quarter Quarter to Quarter Difference Year to Year Difference
Sales Rs. 213.6 Cr Rs. 195.2 Cr Rs. 218.62 Cr + 12 % + 2.35 %
Expenses Rs. 194.21 Cr Rs. 174.63 Cr Rs. 193.61 Cr + 10.87 % -0.31 %
Operating Profit Rs. 19.39 Cr Rs. 20.57 Cr Rs. 25.01 Cr + 21.58 % + 28.98 %
OPM % 9.08 % 10.54 % 11.44 % + 0.9 % + 2.36 %
Other Income Rs. 0.51 Cr Rs. 0.49 Cr Rs. 0.65 Cr + 32.65 % + 27.45 %
Interest Rs. 8.36 Cr Rs. 12.01 Cr Rs. 11.07 Cr -7.83 % + 32.42 %
Depreciation Rs. 5.27 Cr Rs. 5.39 Cr Rs. 5.31 Cr -1.48 % + 0.76 %
Profit before tax Rs. 6.27 Cr Rs. 3.66 Cr Rs. 9.28 Cr + 153.55 % + 48.01 %
Tax % 5.42 % 22.95 % 24.89 % + 1.94 % + 19.47 %
Net Profit Rs. 5.93 Cr Rs. 2.82 Cr Rs. 6.97 Cr + 147.16 % + 17.54 %
EPS in Rs Rs. 2.88 Rs. 1.41 Rs. 3.63 + 157.45 % + 26.04 %


Today, we’re looking at Winsome Textile Industries 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 2.35 %. However, it did see a marginal increase of 12 % from the previous quarter. Expenses ticked up slightly by 10.87 % quarter-on-quarter, aligning with the annual decline of -0.31 %. Operating profit, while up 28.98 % compared to last year, faced a quarter-on-quarter increase of 21.58 %, 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 2.36 %, but an expansion of 0.9 % sequentially. Other income rose by 32.65 % compared to the last quarter, despite an annual growth of 27.45 %. Interest expenses dropped significantly by -7.83 % from the previous quarter, yet the year-over-year increase remains at a moderate 32.42 %. Depreciation costs fell by -1.48 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 0.76 %. Profit before tax grew annually by 48.01 % but saw an increase from the preceding quarter by 153.55 %.
Tax expenses as a percentage of profits increased slightly by 19.47 % compared to last year, with a more notable quarter-on-quarter increase of 1.94 %. Net profit rose by 17.54 % year-on-year but experienced a 147.16 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 26.04 % but a quarterly rise of 157.45 %. In summary, Winsome Textile Industries 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. 213.6 Cr Rs. 195.2 Cr Rs. 218.62 Cr + 12 % + 2.35 %
Expenses Rs. 194.21 Cr Rs. 174.63 Cr Rs. 193.61 Cr + 10.87 % -0.31 %
Operating Profit Rs. 19.39 Cr Rs. 20.57 Cr Rs. 25.01 Cr + 21.58 % + 28.98 %
Net Profit Rs. 5.93 Cr Rs. 2.82 Cr Rs. 6.97 Cr + 147.16 % + 17.54 %
EPS in Rs Rs. 2.88 Rs. 1.41 Rs. 3.63 + 157.45 % + 26.04 %


In reviewing Winsome Textile Industries Ltd’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 2.35 % year-on-year growth, however, there was a minor increase of 12 % from the previous quarter. Expenses decreased by -0.31 % compared to the previous year, with a 10.87 % increase quarter-on-quarter. Operating Profit surged by 28.98 % annually, and saw a 21.58 % increase from the last quarter.
Net Profit showed yearly increase of 17.54 %, and experienced a 147.16 % increase from the previous quarter. Earnings Per Share (EPS) rose by 26.04 % annually, however rose by 157.45 % compared to the last quarter. In essence, while Winsome Textile Industries 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.

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