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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 149.2 % in the past year, decrease in net sales/revenue by -26.59 %.
- 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 2.25 %. Marginal decrease of -20.18% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Solitaire Machine Tools Ltd. Notable increase of 14.59 % in net profit Year to Year, Solitaire Machine Tools Ltd’s profitability dropped by -35.14 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 14.46 % Year to Year. EPS decreased by -35.37 % 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. 1.949 Cr | Rs. 6.616 Cr | Rs. 4.857 Cr | -26.59 % | + 149.2 % |
| Expenses | Rs. 1.36 Cr | Rs. 5.75 Cr | Rs. 4.22 Cr | -26.61 % | + 210.29 % |
| Operating Profit | Rs. 0.59 Cr | Rs. 0.87 Cr | Rs. 0.64 Cr | -26.44 % | + 8.47 % |
| OPM % | 30.27 % | 13.15 % | 13.18 % | + 0.03 % | -17.09 % |
| Other Income | Rs. 0.089 Cr | Rs. 0.114 Cr | Rs. 0.091 Cr | -20.18 % | + 2.25 % |
| Interest | Rs. 0.01 Cr | Rs. 0.01 Cr | Rs. 0 Cr | 0 % | 0 % |
| Depreciation | Rs. 0.15 Cr | Rs. 0.08 Cr | Rs. 0.15 Cr | + 87.5 % | + 0 % |
| Profit before tax | Rs. 0.52 Cr | Rs. 0.89 Cr | Rs. 0.58 Cr | -34.83 % | + 11.54 % |
| Tax % | 25.88 % | 25.14 % | 25.13 % | -0.01 % | -0.75 % |
| Net Profit | Rs. 0.38 Cr | Rs. 0.67 Cr | Rs. 0.43 Cr | -35.82 % | + 13.16 % |
| EPS in Rs | Rs. 0.83 | Rs. 1.47 | Rs. 0.95 | -35.37 % | + 14.46 % |
Today, we’re looking at Solitaire Machine Tools 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 149.2 %. However, it did see a marginal slip of -26.59 % from the previous quarter. Expenses decreased slightly by -26.61 % quarter-on-quarter, aligning with the annual rise of 210.29 %. Operating profit, while up 8.47 % compared to last year, faced a quarter-on-quarter dip of -26.44 %, 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 -17.09 %, but an expansion of 0.03 % sequentially. Other income fell by -20.18 % compared to the last quarter, despite an annual growth of 2.25 %. Depreciation costs climbed by 87.5 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 0 %. Profit before tax grew annually by 11.54 % but saw a reduction from the preceding quarter by -34.83 %.
Tax expenses as a percentage of profits decreased slightly by -0.75 % compared to last year, with a more notable quarter-on-quarter decrease of -0.01 %. Net profit rose by 13.16 % year-on-year but witnessed a -35.82 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 14.46 % but a quarterly fall of -35.37 %. In summary, Solitaire Machine Tools 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. 1.949 Cr | Rs. 6.616 Cr | Rs. 4.857 Cr | -26.59 % | + 149.2 % |
| Expenses | Rs. 1.36 Cr | Rs. 5.75 Cr | Rs. 4.22 Cr | -26.61 % | + 210.29 % |
| Operating Profit | Rs. 0.59 Cr | Rs. 0.87 Cr | Rs. 0.64 Cr | -26.44 % | + 8.47 % |
| Net Profit | Rs. 0.38 Cr | Rs. 0.67 Cr | Rs. 0.43 Cr | -35.82 % | + 13.16 % |
| EPS in Rs | Rs. 0.83 | Rs. 1.47 | Rs. 0.95 | -35.37 % | + 14.46 % |
In reviewing Solitaire Machine Tools Ltd’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 149.2 % year-on-year growth, although there was a slight dip of -26.59 % from the previous quarter. Expenses rose by 210.29 % compared to the previous year, with a decrease of -26.61 % quarter-on-quarter. Operating Profit surged by 8.47 % annually, and saw a -26.44 % decrease from the last quarter.
Net Profit showed yearly increase of 13.16 %, and experienced a -35.82 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 14.46 % annually, however dipped by -35.37 % compared to the last quarter. In essence, while Solitaire Machine Tools 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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