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Stovec Industries ‘s Q1 Update: Profit Grows by 77.72% YoY

September 13, 2024September 13, 2024| adminadmin| 0 Comments| 4:45 pm
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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 6.9 % in the past year, substantial increase in net sales/revenue by 2.08 %.
  • Income over the Year and quarter: There has been decline in other income over the past year which is -67.94 %, Marginal decrease of -59.01% in other income during this quarter.
  • Profit over the Year and quarter: Significant improvement in profitability for Stovec Industries Ltd.. Notable increase of 78.13 % in net profit Year to Year, Stovec Industries Ltd.’s profitability dropped by -24.4 % Quarter to Quarter.
  • EPS over the Year and quarter: EPS increased by 78.24 % Year to Year. EPS decreased by -24.4 % in previous quarter. Analysis needed for shareholder value.

The comprehensive analytics outlining the performance and outlook of Stovec Industries Ltd.‘s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

Metrics Previous Year Previous Quarter Current Quarter Quarter to Quarter Difference Year to Year Difference
Sales Rs. 57.251 Cr Rs. 59.957 Cr Rs. 61.203 Cr + 2.08 % + 6.9 %
Expenses Rs. 54.6 Cr Rs. 53.09 Cr Rs. 55.24 Cr + 4.05 % + 1.17 %
Operating Profit Rs. 2.65 Cr Rs. 6.87 Cr Rs. 5.96 Cr -13.25 % + 124.91 %
OPM % 4.63 % 11.46 % 9.74 % -1.72 % + 5.11 %
Other Income Rs. 1.469 Cr Rs. 1.149 Cr Rs. 0.471 Cr -59.01 % -67.94 %
Interest Rs. 0 Cr Rs. 0 Cr Rs. 0 Cr 0 % 0 %
Depreciation Rs. 1.48 Cr Rs. 1.68 Cr Rs. 1.68 Cr + 0 % + 13.51 %
Profit before tax Rs. 2.64 Cr Rs. 6.34 Cr Rs. 4.75 Cr -25.08 % + 79.92 %
Tax % 23.69 % 25 % 24.48 % -0.52 % + 0.79 %
Net Profit Rs. 2.02 Cr Rs. 4.75 Cr Rs. 3.59 Cr -24.42 % + 77.72 %
EPS in Rs Rs. 9.65 Rs. 22.75 Rs. 17.2 -24.4 % + 78.24 %


Today, we’re looking at Stovec Industries 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 6.9 %. However, it did see a marginal increase of 2.08 % from the previous quarter. Expenses ticked up slightly by 4.05 % quarter-on-quarter, aligning with the annual rise of 1.17 %. Operating profit, while up 124.91 % compared to last year, faced a quarter-on-quarter dip of -13.25 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 5.11 %, but a shrinkage of -1.72 % sequentially. Other income fell by -59.01 % compared to the last quarter, despite an annual decline of -67.94 %. Depreciation costs climbed by 0 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 13.51 %. Profit before tax grew annually by 79.92 % but saw a reduction from the preceding quarter by -25.08 %.
Tax expenses as a percentage of profits increased slightly by 0.79 % compared to last year, with a more notable quarter-on-quarter decrease of -0.52 %. Net profit rose by 77.72 % year-on-year but witnessed a -24.42 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 78.24 % but a quarterly fall of -24.4 %. In summary, Stovec 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. 57.251 Cr Rs. 59.957 Cr Rs. 61.203 Cr + 2.08 % + 6.9 %
Expenses Rs. 54.6 Cr Rs. 53.09 Cr Rs. 55.24 Cr + 4.05 % + 1.17 %
Operating Profit Rs. 2.65 Cr Rs. 6.87 Cr Rs. 5.96 Cr -13.25 % + 124.91 %
Net Profit Rs. 2.02 Cr Rs. 4.75 Cr Rs. 3.59 Cr -24.42 % + 77.72 %
EPS in Rs Rs. 9.65 Rs. 22.75 Rs. 17.2 -24.4 % + 78.24 %


In reviewing Stovec Industries Ltd.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 6.9 % year-on-year growth, however, there was a minor increase of 2.08 % from the previous quarter. Expenses rose by 1.17 % compared to the previous year, with a 4.05 % increase quarter-on-quarter. Operating Profit surged by 124.91 % annually, and saw a -13.25 % decrease from the last quarter.
Net Profit showed yearly increase of 77.72 %, and experienced a -24.42 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 78.24 % annually, however dipped by -24.4 % compared to the last quarter. In essence, while Stovec Industries Ltd. exhibits strong annual growth 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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