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Highlights
- The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company experienced a substantial growth of 24.18 % in the past year, decrease in net sales/revenue by -5.77 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -51.86 %, Marginal decrease of -72.45% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Sarveshwar Foods Limited. Notable increase of 6.48 % in net profit Year to Year, Sarveshwar Foods Limited’s profitability dropped by -25.39 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -96.94 % Year to Year. EPS decreased by -25 % 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. 187.679 Cr | Rs. 247.32 Cr | Rs. 233.054 Cr | -5.77 % | + 24.18 % |
Expenses | Rs. 176.61 Cr | Rs. 233.58 Cr | Rs. 219.74 Cr | -5.93 % | + 24.42 % |
Operating Profit | Rs. 11.07 Cr | Rs. 13.74 Cr | Rs. 13.31 Cr | -3.13 % | + 20.23 % |
OPM % | 5.9 % | 5.56 % | 5.71 % | + 0.15 % | -0.19 % |
Other Income | Rs. 1.558 Cr | Rs. 2.722 Cr | Rs. 0.75 Cr | -72.45 % | -51.86 % |
Interest | Rs. 8.31 Cr | Rs. 11.31 Cr | Rs. 9.39 Cr | -16.98 % | + 13 % |
Depreciation | Rs. 0.29 Cr | Rs. 0.28 Cr | Rs. 0.29 Cr | + 3.57 % | + 0 % |
Profit before tax | Rs. 4.03 Cr | Rs. 4.87 Cr | Rs. 4.38 Cr | -10.06 % | + 8.68 % |
Tax % | 27.63 % | 13.75 % | 30.35 % | + 16.6 % | + 2.72 % |
Net Profit | Rs. 2.9 Cr | Rs. 4.14 Cr | Rs. 3.09 Cr | -25.36 % | + 6.55 % |
EPS in Rs | Rs. 0.96 | Rs. 0.04 | Rs. 0.03 | -25 % | -96.88 % |
Today, we’re looking at Sarveshwar Foods 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 24.18 %. However, it did see a marginal slip of -5.77 % from the previous quarter. Expenses decreased slightly by -5.93 % quarter-on-quarter, aligning with the annual rise of 24.42 %. Operating profit, while up 20.23 % compared to last year, faced a quarter-on-quarter dip of -3.13 %, 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 -0.19 %, but an expansion of 0.15 % sequentially. Other income fell by -72.45 % compared to the last quarter, despite an annual decline of -51.86 %. Interest expenses dropped significantly by -16.98 % from the previous quarter, yet the year-over-year increase remains at a moderate 13 %. Depreciation costs climbed by 3.57 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 0 %. Profit before tax grew annually by 8.68 % but saw a reduction from the preceding quarter by -10.06 %.
Tax expenses as a percentage of profits increased slightly by 2.72 % compared to last year, with a more notable quarter-on-quarter increase of 16.6 %. Net profit rose by 6.55 % year-on-year but witnessed a -25.36 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -96.88 % but a quarterly fall of -25 %. In summary, Sarveshwar Foods 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. 187.679 Cr | Rs. 247.32 Cr | Rs. 233.054 Cr | -5.77 % | + 24.18 % |
Expenses | Rs. 176.61 Cr | Rs. 233.58 Cr | Rs. 219.74 Cr | -5.93 % | + 24.42 % |
Operating Profit | Rs. 11.07 Cr | Rs. 13.74 Cr | Rs. 13.31 Cr | -3.13 % | + 20.23 % |
Net Profit | Rs. 2.9 Cr | Rs. 4.14 Cr | Rs. 3.09 Cr | -25.36 % | + 6.55 % |
EPS in Rs | Rs. 0.96 | Rs. 0.04 | Rs. 0.03 | -25 % | -96.88 % |
In reviewing Sarveshwar Foods Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 24.18 % year-on-year growth, although there was a slight dip of -5.77 % from the previous quarter. Expenses rose by 24.42 % compared to the previous year, with a decrease of -5.93 % quarter-on-quarter. Operating Profit surged by 20.23 % annually, and saw a -3.13 % decrease from the last quarter.
Net Profit showed yearly increase of 6.55 %, and experienced a -25.36 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -96.88 % annually, however dipped by -25 % compared to the last quarter. In essence, while Sarveshwar Foods 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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