Highlights
- Sales over the Year and quarter: The company’s sales declined by -1.87 % over the year, substantial increase in net sales/revenue by 6.69 %.
- 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 10.31 %. Marginal decrease of -32.45% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for ZF Commercial Vehicle Control Systems India Limited. Profit dropped by -1 % Year to Year, ZF Commercial Vehicle Control Systems India Limited’s profitability dropped by -0.63 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -0.99 % Year to Year. EPS decreased by -0.62 % 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. 976.937 Cr | Rs. 898.506 Cr | Rs. 958.642 Cr | + 6.69 % | -1.87 % |
Expenses | Rs. 832.9 Cr | Rs. 764.93 Cr | Rs. 812.57 Cr | + 6.23 % | -2.44 % |
Operating Profit | Rs. 144.04 Cr | Rs. 133.58 Cr | Rs. 146.07 Cr | + 9.35 % | + 1.41 % |
OPM % | 14.74 % | 14.87 % | 15.24 % | + 0.37 % | + 0.5 % |
Other Income | Rs. 18.04 Cr | Rs. 29.46 Cr | Rs. 19.9 Cr | -32.45 % | + 10.31 % |
Interest | Rs. 0.47 Cr | Rs. 1.38 Cr | Rs. 0.97 Cr | -29.71 % | + 106.38 % |
Depreciation | Rs. 26.74 Cr | Rs. 26.24 Cr | Rs. 28.82 Cr | + 9.83 % | + 7.78 % |
Profit before tax | Rs. 134.87 Cr | Rs. 135.42 Cr | Rs. 136.18 Cr | + 0.56 % | + 0.97 % |
Tax % | 24.95 % | 25.54 % | 26.42 % | + 0.88 % | + 1.47 % |
Net Profit | Rs. 101.21 Cr | Rs. 100.84 Cr | Rs. 100.2 Cr | -0.63 % | -1 % |
EPS in Rs | Rs. 53.36 | Rs. 53.16 | Rs. 52.83 | -0.62 % | -0.99 % |
Today, we’re looking at ZF Commercial Vehicle Control Systems India Limited’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -1.87 %. However, it did see a marginal increase of 6.69 % from the previous quarter. Expenses ticked up slightly by 6.23 % quarter-on-quarter, aligning with the annual decline of -2.44 %. Operating profit, while up 1.41 % compared to last year, faced a quarter-on-quarter increase of 9.35 %, 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 0.5 %, but an expansion of 0.37 % sequentially. Other income fell by -32.45 % compared to the last quarter, despite an annual growth of 10.31 %. Interest expenses dropped significantly by -29.71 % from the previous quarter, yet the year-over-year increase remains at a moderate 106.38 %. Depreciation costs climbed by 9.83 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 7.78 %. Profit before tax grew annually by 0.97 % but saw an increase from the preceding quarter by 0.56 %.
Tax expenses as a percentage of profits increased slightly by 1.47 % compared to last year, with a more notable quarter-on-quarter increase of 0.88 %. Net profit fell by -1 % year-on-year but witnessed a -0.63 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -0.99 % but a quarterly fall of -0.62 %. In summary, ZF Commercial Vehicle Control Systems India 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. 976.937 Cr | Rs. 898.506 Cr | Rs. 958.642 Cr | + 6.69 % | -1.87 % |
Expenses | Rs. 832.9 Cr | Rs. 764.93 Cr | Rs. 812.57 Cr | + 6.23 % | -2.44 % |
Operating Profit | Rs. 144.04 Cr | Rs. 133.58 Cr | Rs. 146.07 Cr | + 9.35 % | + 1.41 % |
Net Profit | Rs. 101.21 Cr | Rs. 100.84 Cr | Rs. 100.2 Cr | -0.63 % | -1 % |
EPS in Rs | Rs. 53.36 | Rs. 53.16 | Rs. 52.83 | -0.62 % | -0.99 % |
In reviewing ZF Commercial Vehicle Control Systems India Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -1.87 % year-on-year, however, there was a minor increase of 6.69 % from the previous quarter. Expenses decreased by -2.44 % compared to the previous year, with a 6.23 % increase quarter-on-quarter. Operating Profit surged by 1.41 % annually, and saw a 9.35 % increase from the last quarter.
Net Profit showed yearly decrease of -1 %, and experienced a -0.63 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -0.99 % annually, however dipped by -0.62 % compared to the last quarter. In essence, while ZF Commercial Vehicle Control Systems India 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.