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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 -6.01 % over the year, substantial increase in net sales/revenue by 3.22 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -2.49 %, Marginal decrease of -31.47% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Soni Medicare Limited. Profit dropped by -1041.3 % Year to Year, Soni Medicare Limited’s profitability dropped by -3.24 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -1,066.67 % Year to Year. EPS decreased by -3.33 % 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. 7.536 Cr | Rs. 6.862 Cr | Rs. 7.083 Cr | + 3.22 % | -6.01 % |
Expenses | Rs. 7.28 Cr | Rs. 7.61 Cr | Rs. 7.83 Cr | + 2.89 % | + 7.55 % |
Operating Profit | Rs. 0.26 Cr | Rs. -0.75 Cr | Rs. -0.75 Cr | + 0 % | -388.46 % |
OPM % | 3.45 % | -10.93 % | -10.59 % | + 0.34 % | -14.04 % |
Other Income | Rs. 0.201 Cr | Rs. 0.286 Cr | Rs. 0.196 Cr | -31.47 % | -2.49 % |
Interest | Rs. 0.21 Cr | Rs. 0.29 Cr | Rs. 0.18 Cr | -37.93 % | -14.29 % |
Depreciation | Rs. 0.13 Cr | Rs. 0.13 Cr | Rs. 0.12 Cr | -7.69 % | -7.69 % |
Profit before tax | Rs. 0.12 Cr | Rs. -0.88 Cr | Rs. -0.85 Cr | + 3.41 % | -808.33 % |
Tax % | 19.3 % | -2.05 % | -1.17 % | + 0.88 % | -20.47 % |
Net Profit | Rs. 0.09 Cr | Rs. -0.9 Cr | Rs. -0.87 Cr | + 3.33 % | -1066.67 % |
EPS in Rs | Rs. 0.21 | Rs. -2.1 | Rs. -2.03 | + 3.33 % | -1066.67 % |
Today, we’re looking at Soni Medicare 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 -6.01 %. However, it did see a marginal increase of 3.22 % from the previous quarter. Expenses ticked up slightly by 2.89 % quarter-on-quarter, aligning with the annual rise of 7.55 %. Operating profit, while down -388.46 % compared to last year, faced a quarter-on-quarter increase of 0 %, 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 -14.04 %, but an expansion of 0.34 % sequentially. Other income fell by -31.47 % compared to the last quarter, despite an annual decline of -2.49 %. Interest expenses dropped significantly by -37.93 % from the previous quarter, yet the year-over-year decrease remains at a moderate -14.29 %. Depreciation costs fell by -7.69 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -7.69 %. Profit before tax declined annually by -808.33 % but saw an increase from the preceding quarter by 3.41 %.
Tax expenses as a percentage of profits decreased slightly by -20.47 % compared to last year, with a more notable quarter-on-quarter increase of 0.88 %. Net profit fell by -1066.67 % year-on-year but experienced a 3.33 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -1066.67 % but a quarterly rise of 3.33 %. In summary, Soni Medicare 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. 7.536 Cr | Rs. 6.862 Cr | Rs. 7.083 Cr | + 3.22 % | -6.01 % |
Expenses | Rs. 7.28 Cr | Rs. 7.61 Cr | Rs. 7.83 Cr | + 2.89 % | + 7.55 % |
Operating Profit | Rs. 0.26 Cr | Rs. -0.75 Cr | Rs. -0.75 Cr | + 0 % | -388.46 % |
Net Profit | Rs. 0.09 Cr | Rs. -0.9 Cr | Rs. -0.87 Cr | + 3.33 % | -1066.67 % |
EPS in Rs | Rs. 0.21 | Rs. -2.1 | Rs. -2.03 | + 3.33 % | -1066.67 % |
In reviewing Soni Medicare Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -6.01 % year-on-year, however, there was a minor increase of 3.22 % from the previous quarter. Expenses rose by 7.55 % compared to the previous year, with a 2.89 % increase quarter-on-quarter. Operating Profit dropped by -388.46 % annually, and saw a 0 % increase from the last quarter.
Net Profit showed yearly decrease of -1066.67 %, and experienced a 3.33 % increase from the previous quarter. Earnings Per Share (EPS) fell by -1066.67 % annually, however rose by 3.33 % compared to the last quarter. In essence, while Soni Medicare 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.