Share the post "SHESHADRI INDUSTRIES ‘s Q1 Update: Profit Grows by 46.36% YoY"
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 -9.02 % over the year, substantial increase in net sales/revenue by 5.94 %.
- 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 60.8 %. Marginal decrease of -79.6% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for SHESHADRI INDUSTRIES LIMITED. Profit dropped by -46.36 % Year to Year, SHESHADRI INDUSTRIES LIMITED’s profitability increased by 77.95 % in this quarter.
- EPS over the Year and quarter: EPS declined by -46.15 % Year to Year. EPS increased by 77.61 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 7.054 Cr | Rs. 6.058 Cr | Rs. 6.418 Cr | + 5.94 % | -9.02 % |
| Expenses | Rs. 7.49 Cr | Rs. 7.25 Cr | Rs. 6.61 Cr | -8.83 % | -11.75 % |
| Operating Profit | Rs. -0.44 Cr | Rs. -1.19 Cr | Rs. -0.19 Cr | + 84.03 % | + 56.82 % |
| OPM % | -6.24 % | -19.64 % | -2.96 % | + 16.68 % | + 3.28 % |
| Other Income | Rs. 0.25 Cr | Rs. 1.971 Cr | Rs. 0.402 Cr | -79.6 % | + 60.8 % |
| Interest | Rs. 0.47 Cr | Rs. 0.52 Cr | Rs. 0.38 Cr | -26.92 % | -19.15 % |
| Depreciation | Rs. 0.44 Cr | Rs. 0.43 Cr | Rs. 0.42 Cr | -2.33 % | -4.55 % |
| Profit before tax | Rs. -1.1 Cr | Rs. -0.17 Cr | Rs. -0.59 Cr | -247.06 % | + 46.36 % |
| Tax % | -0 % | -92.44 % | -0 % | + 92.44 % | 0 % |
| Net Profit | Rs. -1.1 Cr | Rs. -0.33 Cr | Rs. -0.59 Cr | -78.79 % | + 46.36 % |
| EPS in Rs | Rs. -2.21 | Rs. -0.67 | Rs. -1.19 | -77.61 % | + 46.15 % |
Today, we’re looking at SHESHADRI INDUSTRIES LIMITED’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -9.02 %. However, it did see a marginal increase of 5.94 % from the previous quarter. Expenses decreased slightly by -8.83 % quarter-on-quarter, aligning with the annual decline of -11.75 %. Operating profit, while up 56.82 % compared to last year, faced a quarter-on-quarter increase of 84.03 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 3.28 %, but an expansion of 16.68 % sequentially. Other income fell by -79.6 % compared to the last quarter, despite an annual growth of 60.8 %. Interest expenses dropped significantly by -26.92 % from the previous quarter, yet the year-over-year decrease remains at a moderate -19.15 %. Depreciation costs fell by -2.33 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -4.55 %. Profit before tax grew annually by 46.36 % but saw a reduction from the preceding quarter by -247.06 %.
with a more notable quarter-on-quarter increase of 92.44 %. Net profit rose by 46.36 % year-on-year but witnessed a -78.79 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 46.15 % but a quarterly fall of -77.61 %. In summary, SHESHADRI INDUSTRIES 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. 7.054 Cr | Rs. 6.058 Cr | Rs. 6.418 Cr | + 5.94 % | -9.02 % |
| Expenses | Rs. 7.49 Cr | Rs. 7.25 Cr | Rs. 6.61 Cr | -8.83 % | -11.75 % |
| Operating Profit | Rs. -0.44 Cr | Rs. -1.19 Cr | Rs. -0.19 Cr | + 84.03 % | + 56.82 % |
| Net Profit | Rs. -1.1 Cr | Rs. -0.33 Cr | Rs. -0.59 Cr | -78.79 % | + 46.36 % |
| EPS in Rs | Rs. -2.21 | Rs. -0.67 | Rs. -1.19 | -77.61 % | + 46.15 % |
In reviewing SHESHADRI INDUSTRIES LIMITED’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -9.02 % year-on-year, however, there was a minor increase of 5.94 % from the previous quarter. Expenses decreased by -11.75 % compared to the previous year, with a decrease of -8.83 % quarter-on-quarter. Operating Profit surged by 56.82 % annually, and saw a 84.03 % increase from the last quarter.
Net Profit showed yearly increase of 46.36 %, and experienced a -78.79 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 46.15 % annually, however dipped by -77.61 % compared to the last quarter. In essence, while SHESHADRI INDUSTRIES LIMITED 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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