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Highlights
- Sales over the Year and quarter: The company’s sales declined by -21.94 % over the year, substantial increase in net sales/revenue by 14.33 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -98.78 %, Marginal decrease of -75% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Sibar Auto Parts Ltd.. Profit dropped by -623.6 % Year to Year, Sibar Auto Parts Ltd.’s profitability dropped by -14.81 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -400.00 % Year to Year. EPS decreased by -90.91 % 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. 6.254 Cr | Rs. 4.27 Cr | Rs. 4.882 Cr | + 14.33 % | -21.94 % |
Expenses | Rs. 6.75 Cr | Rs. 4.58 Cr | Rs. 5.12 Cr | + 11.79 % | -24.15 % |
Operating Profit | Rs. -0.5 Cr | Rs. -0.31 Cr | Rs. -0.24 Cr | + 22.58 % | + 52 % |
OPM % | -7.99 % | -7.26 % | -4.92 % | + 2.34 % | + 3.07 % |
Other Income | Rs. 0.82 Cr | Rs. 0.04 Cr | Rs. 0.01 Cr | -75 % | -98.78 % |
Interest | Rs. 0.14 Cr | Rs. 0.14 Cr | Rs. 0.12 Cr | -14.29 % | -14.29 % |
Depreciation | Rs. 0.14 Cr | Rs. 0.14 Cr | Rs. 0.14 Cr | + 0 % | + 0 % |
Profit before tax | Rs. 0.04 Cr | Rs. -0.55 Cr | Rs. -0.49 Cr | + 10.91 % | -1325 % |
Tax % | 61.82 % | -0 % | -4.32 % | -4.32 % | -66.14 % |
Net Profit | Rs. 0.09 Cr | Rs. -0.55 Cr | Rs. -0.47 Cr | + 14.55 % | -622.22 % |
EPS in Rs | Rs. 0.01 | Rs. -0.33 | Rs. -0.03 | + 90.91 % | -400 % |
Today, we’re looking at Sibar Auto Parts Ltd.’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -21.94 %. However, it did see a marginal increase of 14.33 % from the previous quarter. Expenses ticked up slightly by 11.79 % quarter-on-quarter, aligning with the annual decline of -24.15 %. Operating profit, while up 52 % compared to last year, faced a quarter-on-quarter increase of 22.58 %, 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 3.07 %, but an expansion of 2.34 % sequentially. Other income fell by -75 % compared to the last quarter, despite an annual decline of -98.78 %. Interest expenses dropped significantly by -14.29 % from the previous quarter, yet the year-over-year decrease remains at a moderate -14.29 %. Depreciation costs climbed by 0 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 0 %. Profit before tax declined annually by -1325 % but saw an increase from the preceding quarter by 10.91 %.
Tax expenses as a percentage of profits decreased slightly by -66.14 % compared to last year, with a more notable quarter-on-quarter decrease of -4.32 %. Net profit fell by -622.22 % year-on-year but experienced a 14.55 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -400 % but a quarterly rise of 90.91 %. In summary, Sibar Auto Parts Ltd.’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. 6.254 Cr | Rs. 4.27 Cr | Rs. 4.882 Cr | + 14.33 % | -21.94 % |
Expenses | Rs. 6.75 Cr | Rs. 4.58 Cr | Rs. 5.12 Cr | + 11.79 % | -24.15 % |
Operating Profit | Rs. -0.5 Cr | Rs. -0.31 Cr | Rs. -0.24 Cr | + 22.58 % | + 52 % |
Net Profit | Rs. 0.09 Cr | Rs. -0.55 Cr | Rs. -0.47 Cr | + 14.55 % | -622.22 % |
EPS in Rs | Rs. 0.01 | Rs. -0.33 | Rs. -0.03 | + 90.91 % | -400 % |
In reviewing Sibar Auto Parts Ltd.’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -21.94 % year-on-year, however, there was a minor increase of 14.33 % from the previous quarter. Expenses decreased by -24.15 % compared to the previous year, with a 11.79 % increase quarter-on-quarter. Operating Profit surged by 52 % annually, and saw a 22.58 % increase from the last quarter.
Net Profit showed yearly decrease of -622.22 %, and experienced a 14.55 % increase from the previous quarter. Earnings Per Share (EPS) fell by -400 % annually, however rose by 90.91 % compared to the last quarter. In essence, while Sibar Auto Parts Ltd. 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.