Syrma Sgs Technology announced Financial Results Q1 2024

The comprehensive analytics outlining the performance and outlook of Syrma Sgs Technology 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 Syrma Sgs Technology 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 164.69 %. However, it did see a marginal increase of 12.2 % from the previous quarter. Expenses ticked up slightly by 11.63 % quarter-on-quarter, aligning with the annual rise of 165.7 %. Operating profit, while up 115.47 % compared to last year, faced a quarter-on-quarter increase of 60.45 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -0.37 %, but an expansion of 0.5 % sequentially. Other income fell by -8.7 % compared to the last quarter, despite an annual decline of -41.21 %. Interest expenses surged remarkably by 14.62 % from the previous quarter, yet the year-over-year increase remains at a moderate 120.08 %. Depreciation costs climbed by 8.05 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 75.61 %. Profit before tax declined annually by -75.21 % but saw an increase from the preceding quarter by 85.1 %.
Tax expenses as a percentage of profits decreased slightly by -6.47 % compared to last year, with a more notable quarter-on-quarter decrease of -3.26 %. Net profit fell by -72.65 % year-on-year but experienced a 95 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -73.21 % but a quarterly rise of 87.5 %. In summary, Syrma Sgs Technology Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.

In reviewing Syrma Sgs Technology Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 164.69 % year-on-year growth, however, there was a minor increase of 12.2 % from the previous quarter. Expenses rose by 165.7 % compared to the previous year, with a 11.63 % increase quarter-on-quarter. Operating Profit surged by 115.47 % annually, and saw a 60.45 % increase from the last quarter.
Net Profit showed yearly decrease of -72.65 %, and experienced a 95 % increase from the previous quarter. Earnings Per Share (EPS) fell by -73.21 % annually, however rose by 87.5 % compared to the last quarter. In essence, while Syrma Sgs Technology Limited faces strong annual decline 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.