Share the post "Wockhardt announced Financial Results Q1 2024"
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 14.75 % in the past year, substantial increase in net sales/revenue by 5.57 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is %, Marginal decrease of -44.44% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Wockhardt Limited. Profit dropped by -88.24 % Year to Year, Wockhardt Limited’s profitability dropped by -90.96 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -89.76 % Year to Year. EPS decreased by -91.84 % 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. 644 Cr | Rs. 700 Cr | Rs. 739 Cr | + 5.57 % | + 14.75 % |
| Expenses | Rs. 628 Cr | Rs. 803 Cr | Rs. 648 Cr | -19.3 % | + 3.18 % |
| Operating Profit | Rs. 16 Cr | Rs. -103 Cr | Rs. 91 Cr | + 188.35 % | + 468.75 % |
| OPM % | 2.48 % | -14.71 % | 12.31 % | + 27.02 % | + 9.83 % |
| Other Income | Rs. 0 Cr | Rs. 54 Cr | Rs. 30 Cr | -44.44 % | 0 % |
| Interest | Rs. 79 Cr | Rs. 73 Cr | Rs. 73 Cr | + 0 % | -7.59 % |
| Depreciation | Rs. 55 Cr | Rs. 58 Cr | Rs. 54 Cr | -6.9 % | -1.82 % |
| Profit before tax | Rs. -118 Cr | Rs. -180 Cr | Rs. -6 Cr | + 96.67 % | + 94.92 % |
| Tax % | -15.25 % | -1.67 % | -166.67 % | -165 % | -151.42 % |
| Net Profit | Rs. -136 Cr | Rs. -177 Cr | Rs. -16 Cr | + 90.96 % | + 88.24 % |
| EPS in Rs | Rs. -9.28 | Rs. -11.64 | Rs. -0.95 | + 91.84 % | + 89.76 % |
Today, we’re looking at Wockhardt 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 14.75 %. However, it did see a marginal increase of 5.57 % from the previous quarter. Expenses decreased slightly by -19.3 % quarter-on-quarter, aligning with the annual rise of 3.18 %. Operating profit, while up 468.75 % compared to last year, faced a quarter-on-quarter increase of 188.35 %, 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 9.83 %, but an expansion of 27.02 % sequentially. Other income fell by -44.44 % compared to the last quarter, Interest expenses surged remarkably by 0 % from the previous quarter, yet the year-over-year decrease remains at a moderate -7.59 %. Depreciation costs fell by -6.9 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -1.82 %. Profit before tax grew annually by 94.92 % but saw an increase from the preceding quarter by 96.67 %.
Tax expenses as a percentage of profits decreased slightly by -151.42 % compared to last year, with a more notable quarter-on-quarter decrease of -165 %. Net profit rose by 88.24 % year-on-year but experienced a 90.96 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 89.76 % but a quarterly rise of 91.84 %. In summary, Wockhardt 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. 644 Cr | Rs. 700 Cr | Rs. 739 Cr | + 5.57 % | + 14.75 % |
| Expenses | Rs. 628 Cr | Rs. 803 Cr | Rs. 648 Cr | -19.3 % | + 3.18 % |
| Operating Profit | Rs. 16 Cr | Rs. -103 Cr | Rs. 91 Cr | + 188.35 % | + 468.75 % |
| Net Profit | Rs. -136 Cr | Rs. -177 Cr | Rs. -16 Cr | + 90.96 % | + 88.24 % |
| EPS in Rs | Rs. -9.28 | Rs. -11.64 | Rs. -0.95 | + 91.84 % | + 89.76 % |
In reviewing Wockhardt Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 14.75 % year-on-year growth, however, there was a minor increase of 5.57 % from the previous quarter. Expenses rose by 3.18 % compared to the previous year, with a decrease of -19.3 % quarter-on-quarter. Operating Profit surged by 468.75 % annually, and saw a 188.35 % increase from the last quarter.
Net Profit showed yearly increase of 88.24 %, and experienced a 90.96 % increase from the previous quarter. Earnings Per Share (EPS) rose by 89.76 % annually, however rose by 91.84 % compared to the last quarter. In essence, while Wockhardt 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.
[my_shortcode1 values=”Wockhardt “]
