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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 -20.48 % over the year, decrease in net sales/revenue by -9.31 %.
- 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 186.12 %. Marginal decrease of -2.61% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Sharda Ispat Ltd.. Notable increase of 28.03 % in net profit Year to Year, Sharda Ispat Ltd.’s profitability dropped by -29.18 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 28.07 % Year to Year. EPS decreased by -29.13 % 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. 60.061 Cr | Rs. 52.66 Cr | Rs. 47.758 Cr | -9.31 % | -20.48 % |
| Expenses | Rs. 56.59 Cr | Rs. 47.8 Cr | Rs. 43.81 Cr | -8.35 % | -22.58 % |
| Operating Profit | Rs. 3.47 Cr | Rs. 4.86 Cr | Rs. 3.95 Cr | -18.72 % | + 13.83 % |
| OPM % | 5.78 % | 9.23 % | 8.27 % | -0.96 % | + 2.49 % |
| Other Income | Rs. 0.209 Cr | Rs. 0.614 Cr | Rs. 0.598 Cr | -2.61 % | + 186.12 % |
| Interest | Rs. 0.35 Cr | Rs. 0.35 Cr | Rs. 0.32 Cr | -8.57 % | -8.57 % |
| Depreciation | Rs. 0.21 Cr | Rs. 0.21 Cr | Rs. 0.21 Cr | + 0 % | + 0 % |
| Profit before tax | Rs. 3.12 Cr | Rs. 4.91 Cr | Rs. 4.02 Cr | -18.13 % | + 28.85 % |
| Tax % | 25.78 % | 14.77 % | 26.08 % | + 11.31 % | + 0.3 % |
| Net Profit | Rs. 2.32 Cr | Rs. 4.19 Cr | Rs. 2.96 Cr | -29.36 % | + 27.59 % |
| EPS in Rs | Rs. 4.56 | Rs. 8.24 | Rs. 5.84 | -29.13 % | + 28.07 % |
Today, we’re looking at Sharda Ispat 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 -20.48 %. However, it did see a marginal slip of -9.31 % from the previous quarter. Expenses decreased slightly by -8.35 % quarter-on-quarter, aligning with the annual decline of -22.58 %. Operating profit, while up 13.83 % compared to last year, faced a quarter-on-quarter dip of -18.72 %, 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 2.49 %, but a shrinkage of -0.96 % sequentially. Other income fell by -2.61 % compared to the last quarter, despite an annual growth of 186.12 %. Interest expenses dropped significantly by -8.57 % from the previous quarter, yet the year-over-year decrease remains at a moderate -8.57 %. Depreciation costs climbed by 0 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 0 %. Profit before tax grew annually by 28.85 % but saw a reduction from the preceding quarter by -18.13 %.
Tax expenses as a percentage of profits increased slightly by 0.3 % compared to last year, with a more notable quarter-on-quarter increase of 11.31 %. Net profit rose by 27.59 % year-on-year but witnessed a -29.36 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 28.07 % but a quarterly fall of -29.13 %. In summary, Sharda Ispat 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. 60.061 Cr | Rs. 52.66 Cr | Rs. 47.758 Cr | -9.31 % | -20.48 % |
| Expenses | Rs. 56.59 Cr | Rs. 47.8 Cr | Rs. 43.81 Cr | -8.35 % | -22.58 % |
| Operating Profit | Rs. 3.47 Cr | Rs. 4.86 Cr | Rs. 3.95 Cr | -18.72 % | + 13.83 % |
| Net Profit | Rs. 2.32 Cr | Rs. 4.19 Cr | Rs. 2.96 Cr | -29.36 % | + 27.59 % |
| EPS in Rs | Rs. 4.56 | Rs. 8.24 | Rs. 5.84 | -29.13 % | + 28.07 % |
In reviewing Sharda Ispat Ltd.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -20.48 % year-on-year, although there was a slight dip of -9.31 % from the previous quarter. Expenses decreased by -22.58 % compared to the previous year, with a decrease of -8.35 % quarter-on-quarter. Operating Profit surged by 13.83 % annually, and saw a -18.72 % decrease from the last quarter.
Net Profit showed yearly increase of 27.59 %, and experienced a -29.36 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 28.07 % annually, however dipped by -29.13 % compared to the last quarter. In essence, while Sharda Ispat 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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