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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 -11.36 % over the year, decrease in net sales/revenue by -17.02 %.
- 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 222.62 %. Marginal increase in other income during this quarter, up by 77.12%.
- Profit over the Year and quarter: Significant improvement in profitability for Shricon Industries Ltd.,. Notable increase of 1458.33 % in net profit Year to Year, Shricon Industries Ltd.,’s profitability dropped by -1.06 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 1,410.00 % Year to Year. EPS decreased by -0.66 % 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. 0.22 Cr | Rs. 0.235 Cr | Rs. 0.195 Cr | -17.02 % | -11.36 % |
| Expenses | Rs. 0.27 Cr | Rs. 0.2 Cr | Rs. 0.28 Cr | + 40 % | + 3.7 % |
| Operating Profit | Rs. -0.05 Cr | Rs. 0.04 Cr | Rs. -0.09 Cr | -325 % | -80 % |
| OPM % | -22.73 % | 17.02 % | -46.15 % | -63.17 % | -23.42 % |
| Other Income | Rs. 0.084 Cr | Rs. 0.153 Cr | Rs. 0.271 Cr | + 77.12 % | + 222.62 % |
| Interest | Rs. 0.02 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Depreciation | Rs. 0.01 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Profit before tax | Rs. 0 Cr | Rs. 0.19 Cr | Rs. 0.18 Cr | -5.26 % | 0 % |
| Tax % | 0 % | 0 % | 0 % | 0 % | 0 % |
| Net Profit | Rs. 0.01 Cr | Rs. 0.19 Cr | Rs. 0.19 Cr | + 0 % | + 1800 % |
| EPS in Rs | Rs. 0.1 | Rs. 1.52 | Rs. 1.51 | -0.66 % | + 1410 % |
Today, we’re looking at Shricon Industries Ltd.,’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -11.36 %. However, it did see a marginal slip of -17.02 % from the previous quarter. Expenses ticked up slightly by 40 % quarter-on-quarter, aligning with the annual rise of 3.7 %. Operating profit, while down -80 % compared to last year, faced a quarter-on-quarter dip of -325 %, 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 -23.42 %, but a shrinkage of -63.17 % sequentially. Other income rose by 77.12 % compared to the last quarter, despite an annual growth of 222.62 %. but saw a reduction from the preceding quarter by -5.26 %.
Net profit rose by 1800 % year-on-year but experienced a 0 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 1410 % but a quarterly fall of -0.66 %. In summary, Shricon Industries Ltd.,’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. 0.22 Cr | Rs. 0.235 Cr | Rs. 0.195 Cr | -17.02 % | -11.36 % |
| Expenses | Rs. 0.27 Cr | Rs. 0.2 Cr | Rs. 0.28 Cr | + 40 % | + 3.7 % |
| Operating Profit | Rs. -0.05 Cr | Rs. 0.04 Cr | Rs. -0.09 Cr | -325 % | -80 % |
| Net Profit | Rs. 0.01 Cr | Rs. 0.19 Cr | Rs. 0.19 Cr | + 0 % | + 1800 % |
| EPS in Rs | Rs. 0.1 | Rs. 1.52 | Rs. 1.51 | -0.66 % | + 1410 % |
In reviewing Shricon Industries Ltd.,’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -11.36 % year-on-year, although there was a slight dip of -17.02 % from the previous quarter. Expenses rose by 3.7 % compared to the previous year, with a 40 % increase quarter-on-quarter. Operating Profit dropped by -80 % annually, and saw a -325 % decrease from the last quarter.
Net Profit showed yearly increase of 1800 %, and experienced a 0 % increase from the previous quarter. Earnings Per Share (EPS) rose by 1410 % annually, however dipped by -0.66 % compared to the last quarter. In essence, while Shricon Industries Ltd., 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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