Share the post "SBEC Systems (Ind) ‘s Q1 Update: Revenue Decreases by 1.19% Year-on-Year"
Highlights
- The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company’s sales declined by -1.19 % over the year, decrease in net sales/revenue by -43.1 %.
- Profit over the Year and quarter: Significant improvement in profitability for SBEC Systems (Ind) Ltd.. Notable increase of 0.51 % in net profit Year to Year, SBEC Systems (Ind) Ltd.’s profitability dropped by -67.65 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 0.00 % Year to Year. EPS decreased by -67.21 % 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. 0.672 Cr | Rs. 1.167 Cr | Rs. 0.664 Cr | -43.1 % | -1.19 % |
Expenses | Rs. 0.19 Cr | Rs. 0.18 Cr | Rs. 0.16 Cr | -11.11 % | -15.79 % |
Operating Profit | Rs. 0.48 Cr | Rs. 0.99 Cr | Rs. 0.5 Cr | -49.49 % | + 4.17 % |
OPM % | 71.43 % | 84.83 % | 75.3 % | -9.53 % | + 3.87 % |
Other Income | Rs. 0.011 Cr | Rs. 0 Cr | Rs. 0.001 Cr | 0 % | -90.91 % |
Interest | Rs. 0.26 Cr | Rs. 0.25 Cr | Rs. 0.23 Cr | -8 % | -11.54 % |
Depreciation | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
Profit before tax | Rs. 0.23 Cr | Rs. 0.74 Cr | Rs. 0.27 Cr | -63.51 % | + 17.39 % |
Tax % | 16.88 % | 16.76 % | 27.64 % | + 10.88 % | + 10.76 % |
Net Profit | Rs. 0.2 Cr | Rs. 0.61 Cr | Rs. 0.2 Cr | -67.21 % | + 0 % |
EPS in Rs | Rs. 0.2 | Rs. 0.61 | Rs. 0.2 | -67.21 % | + 0 % |
Today, we’re looking at SBEC Systems (Ind) 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 -1.19 %. However, it did see a marginal slip of -43.1 % from the previous quarter. Expenses decreased slightly by -11.11 % quarter-on-quarter, aligning with the annual decline of -15.79 %. Operating profit, while up 4.17 % compared to last year, faced a quarter-on-quarter dip of -49.49 %, 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 3.87 %, but a shrinkage of -9.53 % sequentially. despite an annual decline of -90.91 %. Interest expenses dropped significantly by -8 % from the previous quarter, yet the year-over-year decrease remains at a moderate -11.54 %. Profit before tax grew annually by 17.39 % but saw a reduction from the preceding quarter by -63.51 %.
Tax expenses as a percentage of profits increased slightly by 10.76 % compared to last year, with a more notable quarter-on-quarter increase of 10.88 %. Net profit rose by 0 % year-on-year but witnessed a -67.21 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 0 % but a quarterly fall of -67.21 %. In summary, SBEC Systems (Ind) 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. 0.672 Cr | Rs. 1.167 Cr | Rs. 0.664 Cr | -43.1 % | -1.19 % |
Expenses | Rs. 0.19 Cr | Rs. 0.18 Cr | Rs. 0.16 Cr | -11.11 % | -15.79 % |
Operating Profit | Rs. 0.48 Cr | Rs. 0.99 Cr | Rs. 0.5 Cr | -49.49 % | + 4.17 % |
Net Profit | Rs. 0.2 Cr | Rs. 0.61 Cr | Rs. 0.2 Cr | -67.21 % | + 0 % |
EPS in Rs | Rs. 0.2 | Rs. 0.61 | Rs. 0.2 | -67.21 % | + 0 % |
In reviewing SBEC Systems (Ind) Ltd.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -1.19 % year-on-year, although there was a slight dip of -43.1 % from the previous quarter. Expenses decreased by -15.79 % compared to the previous year, with a decrease of -11.11 % quarter-on-quarter. Operating Profit surged by 4.17 % annually, and saw a -49.49 % decrease from the last quarter.
Net Profit showed yearly increase of 0 %, and experienced a -67.21 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 0 % annually, however dipped by -67.21 % compared to the last quarter. In essence, while SBEC Systems (Ind) 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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