Electrotherm India Q1 Results Total Income ₹1,059.38 Crores & PAT ₹108.8 Crores

Electrotherm India Quarterly Comparison 

Electrotherm India Q1 Results: In the June 2024 results for Electrotherm India, several key financial metrics are compared both year-over-year (YoY) and quarter-on-quarter (QoQ). Year-over-year, or YoY, compares this quarter’s figures with the same quarter from the previous year. The revenue saw a slight decrease of 2.99% QoQ, indicating a small drop compared to the previous quarter, March 2024.

Electrotherm India’s Operating income shows a dramatic improvement of 103.12% YoY, reflecting a substantial rise in profitability compared to the same quarter last year. This increase is notable, considering the quarter-on-quarter rise was also impressive at 107.12%. On the other hand, net income grew by 181.31% YoY, showcasing exceptional growth in profit compared to June 2023. This growth is slightly higher than the quarter-on-quarter increase of 4.62%.

Electrotherm India’s revenue had a minor QoQ decrease, the YoY comparisons highlight strong year-over-year growth across key metrics, indicating a successful financial performance over the past year.

Here's a simple summary of Electrotherm India's Q1 Results for June 2024:

(All figures in crores except per share values)

Source: Here 

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Electrotherm India Q1 Results

Electrotherm India’s Revenue from Operations shows how much money the company made from its core business activities. For the quarter ending June 30, 2024, the company earned ₹1,059.38 crores. This is a slight decrease from ₹1,217.57 crores in the previous quarter but an increase from ₹931.45 crores a year ago. Over the entire financial year ending March 31, 2024, the revenue was ₹4,271.50 crores.

Electrotherm India’s Other Income includes earnings not from main business operations. It was ₹0.88 crores for the recent quarter, up from ₹0.46 crores a year ago. Total income, combining revenue and other income, was ₹1,060.26 crores for the recent quarter and ₹4,275.84 crores for the year.

Electrotherm India’s Expenses cover various costs like materials, employee wages, and finance costs. Major expenses included ₹705.23 crores for materials and ₹52.28 crores for wages in the recent quarter. Total expenses were ₹951.45 crores for the quarter and ₹3,956.41 crores for the year.

Electrotherm India’s Profit Before Tax and Net Profit reflect the company's profitability. The recent quarter's net profit was ₹108.81 crores, showing a strong performance compared to ₹39.22 crores a year ago. The company had no exceptional items or tax expenses during this period.

Electrotherm India’s Other Comprehensive Income includes adjustments like gains or losses on benefit plans. The total comprehensive income for the recent quarter was ₹108.25 crores. The Earnings per Share (EPS) shows the profit allocated to each share. For the recent quarter, EPS was ₹85.41, indicating a solid return on investment.

Here's the financial data presented in a simplified table format:

(Rs. in Crores except Earnings per Share)

Electrotherm India Financial Metrics

The table provides financial details for Electrotherm India. The company's market capitalization is ₹1,251 Crores, meaning the total value of all its shares is this amount. The current stock price is ₹982, with the highest price recorded at ₹1,025 and the lowest at ₹110. The Price to Earnings (P/E) ratio is 3.24, which suggests the stock is relatively cheap compared to its earnings. The book value is -₹613, indicating negative equity. 

Here’s the financial information in table format:

Quarterly Results 

The table shows the quarterly financial results for Electrotherm India, with data for December 2023, March 2024, and June 2024. In December 2023, the company had sales of Rs. 1,137 crores and expenses of Rs. 1,011 crores, resulting in an operating profit of Rs. 126 crores and a net profit of Rs. 107 crores. By March 2024, sales increased to Rs. 1,218 crores, and expenses rose to Rs. 1,087 crores, with operating profit reaching Rs. 131 crores and a net profit of Rs. 104 crores. 

Here's the table with data for Dec 2023, Mar 2024, and Jun 2024:

(Figures in Rs. Crores)

About Electrotherm India 

Electrotherm India is a well-established company founded in 1983 and is certified with ISO 9001:2015. The company specializes in a range of industries, including steel, foundries, and heat treatment. It is known for its diverse business operations, which span engineering, transformer manufacturing, steel production, ductile iron pipe manufacturing, battery-operated vehicles, renewable energy, transmission line towers, and education.

Electrotherm India’s Engineering & Technologies (E&T) division is particularly notable for its expertise in designing and manufacturing equipment used in steel production and heat treatment. This includes Induction Melting Furnaces, Electric Arc Furnaces, and Metal Refining Konverters, among others. Electrotherm is recognized for its ability to provide complete solutions for steel plants, handling everything from the initial iron ore processing to producing finished steel products. 

Electrotherm India’s machinery is known for being durable and efficient, and they offer excellent support before and after sales. Electrotherm is a leading maker of mini steel plants, with capacities reaching up to 1 million tons per year. It is also the only Indian company with CE marking for its Induction Furnaces, certified by UL Laboratories in the USA, reflecting its high standards and global recognition.