Sumuka Agro Industries ‘s Q1 Update: Profit Falls by 20.95% Year-on-Year

The comprehensive analytics outlining the performance and outlook of Sumuka Agro Industries Limited‘s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

Today, we’re looking at Sumuka Agro Industries 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 12.29 %. However, it did see a marginal slip of -31.65 % from the previous quarter. Expenses decreased slightly by -23.22 % quarter-on-quarter, aligning with the annual rise of 17.05 %. Operating profit, while down -19.33 % compared to last year, faced a quarter-on-quarter dip of -66.76 %, 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 -3.68 %, but a shrinkage of -9.92 % sequentially. Depreciation costs fell by -50 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 33.33 %. Profit before tax declined annually by -20.41 % but saw a reduction from the preceding quarter by -43.75 %.
with a more notable quarter-on-quarter decrease of -54.03 %. Net profit fell by -20.95 % year-on-year but experienced a 21.88 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -20.67 % but a quarterly rise of 22.22 %. In summary, Sumuka Agro Industries Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.

In reviewing Sumuka Agro Industries Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 12.29 % year-on-year growth, although there was a slight dip of -31.65 % from the previous quarter. Expenses rose by 17.05 % compared to the previous year, with a decrease of -23.22 % quarter-on-quarter. Operating Profit dropped by -19.33 % annually, and saw a -66.76 % decrease from the last quarter.
Net Profit showed yearly decrease of -20.95 %, and experienced a 21.88 % increase from the previous quarter. Earnings Per Share (EPS) fell by -20.67 % annually, however rose by 22.22 % compared to the last quarter. In essence, while Sumuka Agro Industries 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.