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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 -26.23 % over the year, decrease in net sales/revenue by -38.1 %.
- 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 26.77 %. Marginal decrease of -12.31% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for SPL Industries Limited. Profit dropped by -22.52 % Year to Year, SPL Industries Limited’s profitability dropped by -39.16 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -22.61 % Year to Year. EPS decreased by -39.04 % 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. 57.577 Cr | Rs. 68.621 Cr | Rs. 42.474 Cr | -38.1 % | -26.23 % |
| Expenses | Rs. 53.63 Cr | Rs. 64.9 Cr | Rs. 40.54 Cr | -37.53 % | -24.41 % |
| Operating Profit | Rs. 3.95 Cr | Rs. 3.72 Cr | Rs. 1.93 Cr | -48.12 % | -51.14 % |
| OPM % | 6.86 % | 5.42 % | 4.54 % | -0.88 % | -2.32 % |
| Other Income | Rs. 2.462 Cr | Rs. 3.559 Cr | Rs. 3.121 Cr | -12.31 % | + 26.77 % |
| Interest | Rs. 1.04 Cr | Rs. 0.51 Cr | Rs. 0.54 Cr | + 5.88 % | -48.08 % |
| Depreciation | Rs. 0.74 Cr | Rs. 0.86 Cr | Rs. 0.75 Cr | -12.79 % | + 1.35 % |
| Profit before tax | Rs. 4.63 Cr | Rs. 5.91 Cr | Rs. 3.76 Cr | -36.38 % | -18.79 % |
| Tax % | 28.01 % | 28.22 % | 31.34 % | + 3.12 % | + 3.33 % |
| Net Profit | Rs. 3.34 Cr | Rs. 4.25 Cr | Rs. 2.58 Cr | -39.29 % | -22.75 % |
| EPS in Rs | Rs. 1.15 | Rs. 1.46 | Rs. 0.89 | -39.04 % | -22.61 % |
Today, we’re looking at SPL Industries 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 -26.23 %. However, it did see a marginal slip of -38.1 % from the previous quarter. Expenses decreased slightly by -37.53 % quarter-on-quarter, aligning with the annual decline of -24.41 %. Operating profit, while down -51.14 % compared to last year, faced a quarter-on-quarter dip of -48.12 %, 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 -2.32 %, but a shrinkage of -0.88 % sequentially. Other income fell by -12.31 % compared to the last quarter, despite an annual growth of 26.77 %. Interest expenses surged remarkably by 5.88 % from the previous quarter, yet the year-over-year decrease remains at a moderate -48.08 %. Depreciation costs fell by -12.79 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 1.35 %. Profit before tax declined annually by -18.79 % but saw a reduction from the preceding quarter by -36.38 %.
Tax expenses as a percentage of profits increased slightly by 3.33 % compared to last year, with a more notable quarter-on-quarter increase of 3.12 %. Net profit fell by -22.75 % year-on-year but witnessed a -39.29 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -22.61 % but a quarterly fall of -39.04 %. In summary, SPL Industries 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. 57.577 Cr | Rs. 68.621 Cr | Rs. 42.474 Cr | -38.1 % | -26.23 % |
| Expenses | Rs. 53.63 Cr | Rs. 64.9 Cr | Rs. 40.54 Cr | -37.53 % | -24.41 % |
| Operating Profit | Rs. 3.95 Cr | Rs. 3.72 Cr | Rs. 1.93 Cr | -48.12 % | -51.14 % |
| Net Profit | Rs. 3.34 Cr | Rs. 4.25 Cr | Rs. 2.58 Cr | -39.29 % | -22.75 % |
| EPS in Rs | Rs. 1.15 | Rs. 1.46 | Rs. 0.89 | -39.04 % | -22.61 % |
In reviewing SPL Industries Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -26.23 % year-on-year, although there was a slight dip of -38.1 % from the previous quarter. Expenses decreased by -24.41 % compared to the previous year, with a decrease of -37.53 % quarter-on-quarter. Operating Profit dropped by -51.14 % annually, and saw a -48.12 % decrease from the last quarter.
Net Profit showed yearly decrease of -22.75 %, and experienced a -39.29 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -22.61 % annually, however dipped by -39.04 % compared to the last quarter. In essence, while SPL Industries Limited faces strong annual decline indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.
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