Shree Steel Wire Ropes announces Q2 results: Profit Rises by 86.36% YoY

The comprehensive analytics outlining the performance and outlook of Shree Steel Wire Ropes 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 Shree Steel Wire Ropes Ltd.’s financial performance for the Q2(Sep 2024-25).Starting with the top line, the company reported a robust year-over-year sales growth of 23.89 %. However, it did see a marginal increase of 14.64 % from the previous quarter. Expenses ticked up slightly by 15.79 % quarter-on-quarter, aligning with the annual rise of 13.94 %. Operating profit, while up 140 % compared to last year, faced a quarter-on-quarter dip of -25 %, 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 8.41 %, but a shrinkage of -1.09 % sequentially. Other income rose by 2.38 % compared to the last quarter, despite an annual decline of -15.69 %. Depreciation costs climbed by 11.11 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 25 %.
Tax expenses as a percentage of profits increased slightly by 1100 % compared to last year, with a more notable quarter-on-quarter increase of 1091.3 %. Net profit rose by 86.36 % year-on-year but witnessed a -200 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 86.15 % but a quarterly fall of -212.5 %. In summary, Shree Steel Wire Ropes Ltd.’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.

In reviewing Shree Steel Wire Ropes Ltd.’s 2024-25(Q2) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 23.89 % year-on-year growth, however, there was a minor increase of 14.64 % from the previous quarter. Expenses rose by 13.94 % compared to the previous year, with a 15.79 % increase quarter-on-quarter. Operating Profit surged by 140 % annually, and saw a -25 % decrease from the last quarter.
Net Profit showed yearly increase of 86.36 %, and experienced a -200 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 86.15 % annually, however dipped by -212.5 % compared to the last quarter. In essence, while Shree Steel Wire Ropes 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.