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Highlights
- The presented financial data is Standalone to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company’s sales declined by -32.7 % over the year, decrease in net sales/revenue by -13.63 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -56.29 %, Marginal decrease of -95.02% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Shiva Texyarn Limited. Profit dropped by -121.17 % Year to Year, Shiva Texyarn Limited’s profitability dropped by -75.54 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -121.21 % Year to Year. EPS decreased by -75.5 % 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. 90.156 Cr | Rs. 70.252 Cr | Rs. 60.679 Cr | -13.63 % | -32.7 % |
| Expenses | Rs. 90.41 Cr | Rs. 70.56 Cr | Rs. 52.92 Cr | -25 % | -41.47 % |
| Operating Profit | Rs. -0.25 Cr | Rs. -0.31 Cr | Rs. 7.76 Cr | + 2603.23 % | + 3204 % |
| OPM % | -0.28 % | -0.44 % | 12.79 % | + 13.23 % | + 13.07 % |
| Other Income | Rs. 0.421 Cr | Rs. 3.697 Cr | Rs. 0.184 Cr | -95.02 % | -56.29 % |
| Interest | Rs. 2.91 Cr | Rs. 2.51 Cr | Rs. 2.51 Cr | + 0 % | -13.75 % |
| Depreciation | Rs. 3.71 Cr | Rs. 3.73 Cr | Rs. 3.65 Cr | -2.14 % | -1.62 % |
| Profit before tax | Rs. -6.45 Cr | Rs. -2.85 Cr | Rs. 1.78 Cr | + 162.46 % | + 127.6 % |
| Tax % | -7.12 % | -281.89 % | 29.04 % | + 310.93 % | + 36.16 % |
| Net Profit | Rs. -5.99 Cr | Rs. 5.18 Cr | Rs. 1.27 Cr | -75.48 % | + 121.2 % |
| EPS in Rs | Rs. -4.62 | Rs. 4 | Rs. 0.98 | -75.5 % | + 121.21 % |
Today, we’re looking at Shiva Texyarn Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -32.7 %. However, it did see a marginal slip of -13.63 % from the previous quarter. Expenses decreased slightly by -25 % quarter-on-quarter, aligning with the annual decline of -41.47 %. Operating profit, while up 3204 % compared to last year, faced a quarter-on-quarter increase of 2603.23 %, 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 13.07 %, but an expansion of 13.23 % sequentially. Other income fell by -95.02 % compared to the last quarter, despite an annual decline of -56.29 %. Interest expenses surged remarkably by 0 % from the previous quarter, yet the year-over-year decrease remains at a moderate -13.75 %. Depreciation costs fell by -2.14 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -1.62 %. Profit before tax grew annually by 127.6 % but saw an increase from the preceding quarter by 162.46 %.
Tax expenses as a percentage of profits increased slightly by 36.16 % compared to last year, with a more notable quarter-on-quarter increase of 310.93 %. Net profit rose by 121.2 % year-on-year but witnessed a -75.48 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 121.21 % but a quarterly fall of -75.5 %. In summary, Shiva Texyarn 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. 90.156 Cr | Rs. 70.252 Cr | Rs. 60.679 Cr | -13.63 % | -32.7 % |
| Expenses | Rs. 90.41 Cr | Rs. 70.56 Cr | Rs. 52.92 Cr | -25 % | -41.47 % |
| Operating Profit | Rs. -0.25 Cr | Rs. -0.31 Cr | Rs. 7.76 Cr | + 2603.23 % | + 3204 % |
| Net Profit | Rs. -5.99 Cr | Rs. 5.18 Cr | Rs. 1.27 Cr | -75.48 % | + 121.2 % |
| EPS in Rs | Rs. -4.62 | Rs. 4 | Rs. 0.98 | -75.5 % | + 121.21 % |
In reviewing Shiva Texyarn Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -32.7 % year-on-year, although there was a slight dip of -13.63 % from the previous quarter. Expenses decreased by -41.47 % compared to the previous year, with a decrease of -25 % quarter-on-quarter. Operating Profit surged by 3204 % annually, and saw a 2603.23 % increase from the last quarter.
Net Profit showed yearly increase of 121.2 %, and experienced a -75.48 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 121.21 % annually, however dipped by -75.5 % compared to the last quarter. In essence, while Shiva Texyarn 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.
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