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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 3.97 % in the past year, substantial increase in net sales/revenue by 56.85 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -59.41 %, Marginal decrease of -98.11% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Shri Gang Industries & Allied Products Limited. Profit dropped by -67.84 % Year to Year, Shri Gang Industries & Allied Products Limited’s profitability increased by 106.7 % in this quarter.
- EPS over the Year and quarter: EPS declined by -67.81 % Year to Year. EPS increased by 107.94 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 81.5 Cr | Rs. 54.027 Cr | Rs. 84.739 Cr | + 56.85 % | + 3.97 % |
| Expenses | Rs. 68.35 Cr | Rs. 50.79 Cr | Rs. 77.52 Cr | + 52.63 % | + 13.42 % |
| Operating Profit | Rs. 13.15 Cr | Rs. 3.24 Cr | Rs. 7.22 Cr | + 122.84 % | -45.1 % |
| OPM % | 16.13 % | 6 % | 8.52 % | + 2.52 % | -7.61 % |
| Other Income | Rs. 0.202 Cr | Rs. 4.329 Cr | Rs. 0.082 Cr | -98.11 % | -59.41 % |
| Interest | Rs. 2.31 Cr | Rs. 2.44 Cr | Rs. 2.79 Cr | + 14.34 % | + 20.78 % |
| Depreciation | Rs. 1.25 Cr | Rs. 1.34 Cr | Rs. 1.37 Cr | + 2.24 % | + 9.6 % |
| Profit before tax | Rs. 9.79 Cr | Rs. 3.79 Cr | Rs. 3.14 Cr | -17.15 % | -67.93 % |
| Tax % | 25.52 % | 70 % | 25.38 % | -44.62 % | -0.14 % |
| Net Profit | Rs. 7.3 Cr | Rs. 1.14 Cr | Rs. 2.35 Cr | + 106.14 % | -67.81 % |
| EPS in Rs | Rs. 4.07 | Rs. 0.63 | Rs. 1.31 | + 107.94 % | -67.81 % |
Today, we’re looking at Shri Gang Industries & Allied Products Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 3.97 %. However, it did see a marginal increase of 56.85 % from the previous quarter. Expenses ticked up slightly by 52.63 % quarter-on-quarter, aligning with the annual rise of 13.42 %. Operating profit, while down -45.1 % compared to last year, faced a quarter-on-quarter increase of 122.84 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -7.61 %, but an expansion of 2.52 % sequentially. Other income fell by -98.11 % compared to the last quarter, despite an annual decline of -59.41 %. Interest expenses surged remarkably by 14.34 % from the previous quarter, yet the year-over-year increase remains at a moderate 20.78 %. Depreciation costs climbed by 2.24 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 9.6 %. Profit before tax declined annually by -67.93 % but saw a reduction from the preceding quarter by -17.15 %.
Tax expenses as a percentage of profits decreased slightly by -0.14 % compared to last year, with a more notable quarter-on-quarter decrease of -44.62 %. Net profit fell by -67.81 % year-on-year but experienced a 106.14 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -67.81 % but a quarterly rise of 107.94 %. In summary, Shri Gang Industries & Allied Products 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. 81.5 Cr | Rs. 54.027 Cr | Rs. 84.739 Cr | + 56.85 % | + 3.97 % |
| Expenses | Rs. 68.35 Cr | Rs. 50.79 Cr | Rs. 77.52 Cr | + 52.63 % | + 13.42 % |
| Operating Profit | Rs. 13.15 Cr | Rs. 3.24 Cr | Rs. 7.22 Cr | + 122.84 % | -45.1 % |
| Net Profit | Rs. 7.3 Cr | Rs. 1.14 Cr | Rs. 2.35 Cr | + 106.14 % | -67.81 % |
| EPS in Rs | Rs. 4.07 | Rs. 0.63 | Rs. 1.31 | + 107.94 % | -67.81 % |
In reviewing Shri Gang Industries & Allied Products Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 3.97 % year-on-year growth, however, there was a minor increase of 56.85 % from the previous quarter. Expenses rose by 13.42 % compared to the previous year, with a 52.63 % increase quarter-on-quarter. Operating Profit dropped by -45.1 % annually, and saw a 122.84 % increase from the last quarter.
Net Profit showed yearly decrease of -67.81 %, and experienced a 106.14 % increase from the previous quarter. Earnings Per Share (EPS) fell by -67.81 % annually, however rose by 107.94 % compared to the last quarter. In essence, while Shri Gang Industries & Allied Products Limited faces strong annual decline 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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