The audited financial results for Q4 of FY 2024-25 have been released. These results pertain to both the quarter and the financial year ended. Alongside the results, the company has recommended a final dividend of ₹10 per equity share, The dividend if approved will be paid within 30 days of the approval of the shareholders at the ensuing 94th Annual General Meeting.
Let’s move on to the financial highlights. The figures reported are in lakhs but will be discussed here in crores for better clarity.
- Revenue from Operations: ₹454 crores, compared to ₹470.5 crores in the previous quarter and ₹476 crores in the same quarter last year. Revenue has declined both on a quarter-on-quarter (QoQ) and year-on-year (YoY) basis.
- Other Income: ₹10 crores, reflecting a sharp YoY decline.
- Total Income: ₹463.8 crores, down from ₹478.4 crores last quarter and ₹505 crores in the same period last year, indicating a downward trend both QoQ and YoY.
- Expenses: ₹397 crores, lower than ₹413 crores in the previous quarter but higher than ₹390 crores last year. While expenses have decreased QoQ, they have increased YoY, even as income fell, leading to pressure on profitability.
- Exceptional Items: In the previous quarter, the company had booked an exceptional gain of ₹100.5 crores. No such gains were recorded this quarter, which has further impacted profits. So while comparing the results of this quarter with previous quarter, we need to exclude this one time Exceptional gain from Operating Profit, Net Profit.
- Operating Profit: ₹67 crores, down sharply from ₹165.6 crores last quarter and ₹115 crores last year.
- Net Profit: ₹53 crores, compared to ₹136 crores in the previous quarter and ₹88 crores a year ago, showing a steep decline both sequentially and annually.
- Earnings Per Share (EPS): ₹3.13, versus ₹8 in Q3 and ₹5.2 a year ago, again highlighting the deteriorating financial performance.
Overall, the quarterly results reflect a significant weakening in both revenue and profitability.
Full-Year Performance (FY 2024-25)
- Revenue from Operations: ₹1,809 crores, down from ₹1,837.5 crores in FY 2023-24.
- Other Income: ₹35 crores, showing a decline YoY.
- Total Income: ₹1,844 crores, compared to ₹1,917 crores in the previous year, marking a consistent drop.
- Expenses: ₹1,575 crores, rising from ₹1,522 crores last year. Higher expenses, coupled with lower income, have weighed on margins.
- Operating Profit: ₹369.6 crores, lower than ₹394.7 crores last year.
- Net Profit: ₹290 crores, down from ₹301.6 crores.
- EPS: ₹17.1, compared to ₹17.7 last year.
Both quarterly and annual performance indicate a clear weakening in financial strength, adversely affecting investor sentiment.
Following the results announcement, the stock price crashed by 7.9%, closing at ₹304.4. Despite this sharp fall, the stock still delivered a 2.5% gain over the past five days and a 13.7% return over the past month.
Key Reasons for the Stock Crash:
- Disappointing quarterly and annual results, with sharp declines in both revenue and profitability.
- Broader market weakness and profit-booking activities by investors.
Given the poor performance and overall market conditions, there remains a possibility of further downside in the stock price.
Note: This is not an AI generated content. I’ve created all the content and before posting took AI’s help to improve the Vocabulary.