Cenlub Industries Q1 Results Gain a Total Revenue of ₹19.09 crores & Net Income ₹2.46 crores

Cenlub Industries Growth Comparison

Cenlub Industries Q1 Results: Cenlub Industries recently reported its financial results for the first quarter ending June 2024. The total revenue for this quarter is ₹19.09 crores, showing a significant year-over-year (YoY) increase of 56.34% compared to ₹12.21 crores in June 2023. However, there was a slight decline of 3.59% in revenue when compared to the previous quarter (QoQ) of ₹11.13 crores. Selling, general, and administrative expenses totaled ₹3.08 crores, which is a 31.86% increase YoY from ₹2.33 crores last year. In contrast, these expenses decreased by 17.12% compared to the last quarter's ₹2.40 crores. 

Cenlub Industries’ total operating expenses also rose to ₹16.14 crores, up 57.59% YoY from ₹10.24 crores last June. This increase in total expenses contributed to an operating income of ₹2.95 crores, marking a 49.83% increase YoY. The net income reached ₹2.46 crores, reflecting a strong YoY growth of 65.61% from ₹1.48 crores last year. Overall, Cenlub Industries shows strong performance in year-over-year (YoY) comparisons, despite some fluctuations in quarter-on-quarter (QoQ) results, indicating good growth and financial health.

Here’s a summary of the Q1 results for Cenlub Industries presented in a simple table format:

(All figures in crores except per share values)

Source: Here 

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Cenlub Industries Q1 Results

Cenlub Industries released its unaudited financial results for the quarter ending on June 30, 2024. In this period, the company earned ₹1,909.38 lakhs from its operations, which is an increase from ₹1,221.32 lakhs in the same quarter last year. The total expenses for this quarter were ₹1,618.82 lakhs, which included costs like materials, employee benefits, and finance costs. After subtracting these expenses from the revenue, the company made a profit of ₹328.12 lakhs before tax. After paying taxes of ₹82.59 lakhs, the profit after tax came to ₹245.53 lakhs, which is higher than ₹148.26 lakhs from the previous year.

The company also reported other comprehensive income, which included adjustments not directly related to profit. This resulted in a total comprehensive income of ₹245.53 lakhs for this quarter. The paid-up equity share capital remained stable at ₹466.29 lakhs, indicating no changes in the number of shares. The earnings per share (EPS) for this quarter were ₹5.27, showing an increase from ₹4.52 in the same quarter last year. Overall, Cenlub Industries has shown good financial growth compared to the previous year

Here's a simplified version of the unaudited financial results for Cenlub Industries for the quarter ended June 30, 2024, presented in a table format:

(Rs.ln Lakhs)

Cenlub Industries Stock Metrics

Cenlub Industries is a company with a market capitalization of ₹213 crores, meaning this is the total value of its shares. The current stock price is ₹457, with a high of ₹609 and a low of ₹280 in recent trading. The stock's Price-to-Earnings (P/E) ratio is 21.4, which helps investors assess its value compared to earnings. The book value per share is ₹120, indicating the value of the company's assets. Cenlub does not offer dividends, as shown by the 0.00% dividend yield.

Here’s the financial data presented in a table format for clarity:

Quarterly Results 

Cenlub Industries showed steady performance in the financial quarters of December 2023, March 2024, and June 2024. In December 2023, the company had sales of ₹20.14 crores, with expenses of ₹16.79 crores, resulting in an operating profit of ₹3.35 crores and a profit margin of 16.63%. However, in March 2024, sales slightly decreased to ₹19.81 crores, and expenses increased to ₹16.95 crores, leading to an operating profit of ₹2.86 crores. By June 2024, sales fell further to ₹19.09 crores, but operating profit rose to ₹3.12 crores, indicating effective cost management. 

Here’s the data for December 2023, March 2024, and June 2024 with the particulars:

(Standalone Figures in Rs. Crores)

About Cenlub Industries 

Cenlub Industries, founded in 1990, has become a trusted name in the lubrication industry in India. The company specializes in providing lubrication solutions and manufacturing lubrication equipment. It was established under the leadership of Mr. R. K. Mittal, the CEO, and Mr. S.K. Mittal, the COO. Over the years, Cenlub has grown significantly by increasing its business with Original Equipment Manufacturers (OEMs) and expanding its product range.

The management team at Cenlub is a mix of experienced professionals and young talent. Mr. R.K. Mittal has over 30 years of experience in designing and developing new products in lubrication and hydraulics, while Mr. S.K. Mittal ensures the smooth daily operations of the company. Mr. Abhinay Mittal, the Chief Marketing Officer, has over 11 years of experience and has introduced new IT systems to improve efficiency. The youngest member, Mr. Nimit Mittal, the Chief Materials Officer, brings fresh ideas and questions existing practices to foster innovation. Cenlub Industries is committed to quality and performance, making it a leader in the lubrication solutions market in India, focused on meeting the evolving needs of its customers.