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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 experienced a substantial growth of 16.92 % in the past year, decrease in net sales/revenue by -8.85 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -37.5 %, Marginal decrease of -14.29% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Sunshield Chemicals Ltd.. Notable increase of 4.43 % in net profit Year to Year, Sunshield Chemicals Ltd.’s profitability dropped by -33.06 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 4.41 % Year to Year. EPS decreased by -33.13 % 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. 66.68 Cr | Rs. 85.53 Cr | Rs. 77.96 Cr | -8.85 % | + 16.92 % |
Expenses | Rs. 58.01 Cr | Rs. 73.37 Cr | Rs. 70.26 Cr | -4.24 % | + 21.12 % |
Operating Profit | Rs. 8.67 Cr | Rs. 12.16 Cr | Rs. 7.7 Cr | -36.68 % | -11.19 % |
OPM % | 13 % | 14.22 % | 9.88 % | -4.34 % | -3.12 % |
Other Income | Rs. 0.48 Cr | Rs. 0.35 Cr | Rs. 0.3 Cr | -14.29 % | -37.5 % |
Interest | Rs. 1.91 Cr | Rs. 2.1 Cr | Rs. 2.04 Cr | -2.86 % | + 6.81 % |
Depreciation | Rs. 1.83 Cr | Rs. 1.84 Cr | Rs. 2.17 Cr | + 17.93 % | + 18.58 % |
Profit before tax | Rs. 5.41 Cr | Rs. 8.57 Cr | Rs. 3.79 Cr | -55.78 % | -29.94 % |
Tax % | 29.02 % | 30.11 % | 5.8 % | -24.31 % | -23.22 % |
Net Profit | Rs. 3.84 Cr | Rs. 5.99 Cr | Rs. 4.01 Cr | -33.06 % | + 4.43 % |
EPS in Rs | Rs. 5.22 | Rs. 8.15 | Rs. 5.45 | -33.13 % | + 4.41 % |
Today, we’re looking at Sunshield Chemicals Ltd.’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 16.92 %. However, it did see a marginal slip of -8.85 % from the previous quarter. Expenses decreased slightly by -4.24 % quarter-on-quarter, aligning with the annual rise of 21.12 %. Operating profit, while down -11.19 % compared to last year, faced a quarter-on-quarter dip of -36.68 %, 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 -3.12 %, but a shrinkage of -4.34 % sequentially. Other income fell by -14.29 % compared to the last quarter, despite an annual decline of -37.5 %. Interest expenses dropped significantly by -2.86 % from the previous quarter, yet the year-over-year increase remains at a moderate 6.81 %. Depreciation costs climbed by 17.93 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 18.58 %. Profit before tax declined annually by -29.94 % but saw a reduction from the preceding quarter by -55.78 %.
Tax expenses as a percentage of profits decreased slightly by -23.22 % compared to last year, with a more notable quarter-on-quarter decrease of -24.31 %. Net profit rose by 4.43 % year-on-year but witnessed a -33.06 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 4.41 % but a quarterly fall of -33.13 %. In summary, Sunshield Chemicals 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. 66.68 Cr | Rs. 85.53 Cr | Rs. 77.96 Cr | -8.85 % | + 16.92 % |
Expenses | Rs. 58.01 Cr | Rs. 73.37 Cr | Rs. 70.26 Cr | -4.24 % | + 21.12 % |
Operating Profit | Rs. 8.67 Cr | Rs. 12.16 Cr | Rs. 7.7 Cr | -36.68 % | -11.19 % |
Net Profit | Rs. 3.84 Cr | Rs. 5.99 Cr | Rs. 4.01 Cr | -33.06 % | + 4.43 % |
EPS in Rs | Rs. 5.22 | Rs. 8.15 | Rs. 5.45 | -33.13 % | + 4.41 % |
In reviewing Sunshield Chemicals Ltd.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 16.92 % year-on-year growth, although there was a slight dip of -8.85 % from the previous quarter. Expenses rose by 21.12 % compared to the previous year, with a decrease of -4.24 % quarter-on-quarter. Operating Profit dropped by -11.19 % annually, and saw a -36.68 % decrease from the last quarter.
Net Profit showed yearly increase of 4.43 %, and experienced a -33.06 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 4.41 % annually, however dipped by -33.13 % compared to the last quarter. In essence, while Sunshield Chemicals 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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