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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 -2.76 % over the year, decrease in net sales/revenue by -1.35 %.
- 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 102.72 %. Marginal increase in other income during this quarter, up by 34.84%.
- Profit over the Year and quarter: Significant improvement in profitability for Southern Gas Ltd.,. Notable increase of 43.01 % in net profit Year to Year, Southern Gas Ltd.,’s profitability increased by 30.39 % in this quarter.
- EPS over the Year and quarter: EPS increased by 22.98 % Year to Year. EPS decreased by -23.37 % 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. 8.592 Cr | Rs. 8.469 Cr | Rs. 8.355 Cr | -1.35 % | -2.76 % |
| Expenses | Rs. 7.91 Cr | Rs. 7.71 Cr | Rs. 7.71 Cr | + 0 % | -2.53 % |
| Operating Profit | Rs. 0.68 Cr | Rs. 0.76 Cr | Rs. 0.65 Cr | -14.47 % | -4.41 % |
| OPM % | 7.91 % | 8.97 % | 7.78 % | -1.19 % | -0.13 % |
| Other Income | Rs. 0.147 Cr | Rs. 0.221 Cr | Rs. 0.298 Cr | + 34.84 % | + 102.72 % |
| Interest | Rs. 0.01 Cr | Rs. 0.01 Cr | Rs. 0 Cr | 0 % | 0 % |
| Depreciation | Rs. 0.45 Cr | Rs. 0.46 Cr | Rs. 0.42 Cr | -8.7 % | -6.67 % |
| Profit before tax | Rs. 0.37 Cr | Rs. 0.51 Cr | Rs. 0.53 Cr | + 3.92 % | + 43.24 % |
| Tax % | 24.18 % | 39.45 % | 23.85 % | -15.6 % | -0.33 % |
| Net Profit | Rs. 0.28 Cr | Rs. 0.31 Cr | Rs. 0.4 Cr | + 29.03 % | + 42.86 % |
| EPS in Rs | Rs. 98.91 | Rs. 158.73 | Rs. 121.64 | -23.37 % | + 22.98 % |
Today, we’re looking at Southern Gas 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 -2.76 %. However, it did see a marginal slip of -1.35 % from the previous quarter. Expenses ticked up slightly by 0 % quarter-on-quarter, aligning with the annual decline of -2.53 %. Operating profit, while down -4.41 % compared to last year, faced a quarter-on-quarter dip of -14.47 %, 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 -0.13 %, but a shrinkage of -1.19 % sequentially. Other income rose by 34.84 % compared to the last quarter, despite an annual growth of 102.72 %. Depreciation costs fell by -8.7 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -6.67 %. Profit before tax grew annually by 43.24 % but saw an increase from the preceding quarter by 3.92 %.
Tax expenses as a percentage of profits decreased slightly by -0.33 % compared to last year, with a more notable quarter-on-quarter decrease of -15.6 %. Net profit rose by 42.86 % year-on-year but experienced a 29.03 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 22.98 % but a quarterly fall of -23.37 %. In summary, Southern Gas 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. 8.592 Cr | Rs. 8.469 Cr | Rs. 8.355 Cr | -1.35 % | -2.76 % |
| Expenses | Rs. 7.91 Cr | Rs. 7.71 Cr | Rs. 7.71 Cr | + 0 % | -2.53 % |
| Operating Profit | Rs. 0.68 Cr | Rs. 0.76 Cr | Rs. 0.65 Cr | -14.47 % | -4.41 % |
| Net Profit | Rs. 0.28 Cr | Rs. 0.31 Cr | Rs. 0.4 Cr | + 29.03 % | + 42.86 % |
| EPS in Rs | Rs. 98.91 | Rs. 158.73 | Rs. 121.64 | -23.37 % | + 22.98 % |
In reviewing Southern Gas Ltd.,’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -2.76 % year-on-year, although there was a slight dip of -1.35 % from the previous quarter. Expenses decreased by -2.53 % compared to the previous year, with a 0 % increase quarter-on-quarter. Operating Profit dropped by -4.41 % annually, and saw a -14.47 % decrease from the last quarter.
Net Profit showed yearly increase of 42.86 %, and experienced a 29.03 % increase from the previous quarter. Earnings Per Share (EPS) rose by 22.98 % annually, however dipped by -23.37 % compared to the last quarter. In essence, while Southern Gas Ltd., 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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