Satin Creditcare Network : Q1 2024 Financial Quarterly Report : YoY Sales Up 36.84 %, QoQ Down 1.47 %

The comprehensive analytics outlining the performance and outlook of Satin Creditcare Network Limited”s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

Today, we’re looking at Satin Creditcare Network 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 36.84 %. However, it did see a marginal slip of -1.47 % from the previous quarter. Expenses ticked up slightly by 8.82 % quarter-on-quarter, aligning with the annual rise of 51.38 %. Operating profit, while up 29.41 % compared to last year, faced a quarter-on-quarter dip of -6.74 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -3.59 %, but a shrinkage of -3.53 % sequentially. Other income fell by -64.54 % compared to the last quarter, despite an annual growth of 22.42 %. Interest expenses dropped significantly by -0.38 % from the previous quarter, yet the year-over-year increase remains at a moderate 35.32 %. Depreciation costs fell by -10.95 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 30.21 %. Profit before tax grew annually by 19.97 % but saw a reduction from the preceding quarter by -17.57 %.
Tax expenses as a percentage of profits increased slightly by 0.1 % compared to last year, with a more notable quarter-on-quarter increase of 0.29 %. Net profit rose by 19.81 % year-on-year but witnessed a -17.89 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -3.43 % but a quarterly fall of -17.92 %. In summary, Satin Creditcare Network Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.

In reviewing Satin Creditcare Network Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 36.84 % year-on-year growth, although there was a slight dip of -1.47 % from the previous quarter. Expenses rose by 51.38 % compared to the previous year, with a 8.82 % increase quarter-on-quarter. Operating Profit surged by 29.41 % annually, and saw a -6.74 % decrease from the last quarter.
Net Profit showed yearly increase of 19.81 %, and experienced a -17.89 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -3.43 % annually, however dipped by -17.92 % compared to the last quarter. In essence, while Satin Creditcare Network Limited exhibits strong annual growth indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.