Shri Jagdamba Polymers announces Q1 results: Profit Rises by 16.36% YoY

The comprehensive analytics outlining the performance and outlook of Shri Jagdamba Polymers Ltd‘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 Shri Jagdamba Polymers 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 27.32 %. However, it did see a marginal increase of 10.66 % from the previous quarter. Expenses ticked up slightly by 14.5 % quarter-on-quarter, aligning with the annual rise of 30.43 %. Operating profit, while up 8.38 % compared to last year, faced a quarter-on-quarter dip of -11.12 %, 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 -2.1 %, but a shrinkage of -2.95 % sequentially. Other income rose by 2.1 % compared to the last quarter, despite an annual growth of 77.48 %. Interest expenses dropped significantly by -73.95 % from the previous quarter, yet the year-over-year increase remains at a moderate 34.78 %. Depreciation costs climbed by 8.51 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 3.03 %. Profit before tax grew annually by 11.68 % but saw an increase from the preceding quarter by 36.85 %.
Tax expenses as a percentage of profits decreased slightly by -3.05 % compared to last year, with a more notable quarter-on-quarter increase of 9.67 %. Net profit rose by 16.36 % year-on-year but experienced a 21.56 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 16.36 % but a quarterly rise of 21.56 %. In summary, Shri Jagdamba Polymers Ltd’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.

In reviewing Shri Jagdamba Polymers Ltd’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 27.32 % year-on-year growth, however, there was a minor increase of 10.66 % from the previous quarter. Expenses rose by 30.43 % compared to the previous year, with a 14.5 % increase quarter-on-quarter. Operating Profit surged by 8.38 % annually, and saw a -11.12 % decrease from the last quarter.
Net Profit showed yearly increase of 16.36 %, and experienced a 21.56 % increase from the previous quarter. Earnings Per Share (EPS) rose by 16.36 % annually, however rose by 21.56 % compared to the last quarter. In essence, while Shri Jagdamba Polymers Ltd exhibits strong annual growth 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.