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Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 17.65 % in the past year, substantial increase in net sales/revenue by 3.74 %.
- 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 28.9 %. Marginal increase in other income during this quarter, up by 132.99%.
- Profit over the Year and quarter: Significant improvement in profitability for Sportking India Limited. Notable increase of 75.08 % in net profit Year to Year, Sportking India Limited’s profitability increased by 39.21 % in this quarter.
- EPS over the Year and quarter: EPS increased by 76.66 % Year to Year. EPS increased by 41.37 % in previous quarter. Positive impact on shareholders.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 538.925 Cr | Rs. 611.176 Cr | Rs. 634.046 Cr | + 3.74 % | + 17.65 % |
Expenses | Rs. 489.13 Cr | Rs. 544.05 Cr | Rs. 560.21 Cr | + 2.97 % | + 14.53 % |
Operating Profit | Rs. 49.8 Cr | Rs. 67.13 Cr | Rs. 73.84 Cr | + 10 % | + 48.27 % |
OPM % | 9.24 % | 10.98 % | 11.65 % | + 0.67 % | + 2.41 % |
Other Income | Rs. 5.26 Cr | Rs. 2.91 Cr | Rs. 6.78 Cr | + 132.99 % | + 28.9 % |
Interest | Rs. 10.42 Cr | Rs. 16.6 Cr | Rs. 15.25 Cr | -8.13 % | + 46.35 % |
Depreciation | Rs. 20.26 Cr | Rs. 21.85 Cr | Rs. 21.82 Cr | -0.14 % | + 7.7 % |
Profit before tax | Rs. 24.38 Cr | Rs. 31.59 Cr | Rs. 43.55 Cr | + 37.86 % | + 78.63 % |
Tax % | 25.43 % | 27.6 % | 26.91 % | -0.69 % | + 1.48 % |
Net Profit | Rs. 18.18 Cr | Rs. 22.86 Cr | Rs. 31.83 Cr | + 39.24 % | + 75.08 % |
EPS in Rs | Rs. 14.18 | Rs. 17.72 | Rs. 25.05 | + 41.37 % | + 76.66 % |
Today, we’re looking at Sportking India Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 17.65 %. However, it did see a marginal increase of 3.74 % from the previous quarter. Expenses ticked up slightly by 2.97 % quarter-on-quarter, aligning with the annual rise of 14.53 %. Operating profit, while up 48.27 % compared to last year, faced a quarter-on-quarter increase of 10 %, 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 2.41 %, but an expansion of 0.67 % sequentially. Other income rose by 132.99 % compared to the last quarter, despite an annual growth of 28.9 %. Interest expenses dropped significantly by -8.13 % from the previous quarter, yet the year-over-year increase remains at a moderate 46.35 %. Depreciation costs fell by -0.14 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 7.7 %. Profit before tax grew annually by 78.63 % but saw an increase from the preceding quarter by 37.86 %.
Tax expenses as a percentage of profits increased slightly by 1.48 % compared to last year, with a more notable quarter-on-quarter decrease of -0.69 %. Net profit rose by 75.08 % year-on-year but experienced a 39.24 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 76.66 % but a quarterly rise of 41.37 %. In summary, Sportking 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. 538.925 Cr | Rs. 611.176 Cr | Rs. 634.046 Cr | + 3.74 % | + 17.65 % |
Expenses | Rs. 489.13 Cr | Rs. 544.05 Cr | Rs. 560.21 Cr | + 2.97 % | + 14.53 % |
Operating Profit | Rs. 49.8 Cr | Rs. 67.13 Cr | Rs. 73.84 Cr | + 10 % | + 48.27 % |
Net Profit | Rs. 18.18 Cr | Rs. 22.86 Cr | Rs. 31.83 Cr | + 39.24 % | + 75.08 % |
EPS in Rs | Rs. 14.18 | Rs. 17.72 | Rs. 25.05 | + 41.37 % | + 76.66 % |
In reviewing Sportking India Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 17.65 % year-on-year growth, however, there was a minor increase of 3.74 % from the previous quarter. Expenses rose by 14.53 % compared to the previous year, with a 2.97 % increase quarter-on-quarter. Operating Profit surged by 48.27 % annually, and saw a 10 % increase from the last quarter.
Net Profit showed yearly increase of 75.08 %, and experienced a 39.24 % increase from the previous quarter. Earnings Per Share (EPS) rose by 76.66 % annually, however rose by 41.37 % compared to the last quarter. In essence, while Sportking 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.