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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 -28.49 % over the year, decrease in net sales/revenue by -35.67 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -84.09 %, Marginal increase in other income during this quarter, up by 16.67%.
- Profit over the Year and quarter: Challenges in sustaining profitability for Shahi Shipping Limited. Profit dropped by -431.17 % Year to Year, Shahi Shipping Limited’s profitability dropped by -633.21 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -429.03 % Year to Year. EPS decreased by -636.84 % 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. 2.752 Cr | Rs. 3.059 Cr | Rs. 1.968 Cr | -35.67 % | -28.49 % |
| Expenses | Rs. 2.21 Cr | Rs. 2.55 Cr | Rs. 3.21 Cr | + 25.88 % | + 45.25 % |
| Operating Profit | Rs. 0.54 Cr | Rs. 0.51 Cr | Rs. -1.24 Cr | -343.14 % | -329.63 % |
| OPM % | 19.62 % | 16.67 % | -63.01 % | -79.68 % | -82.63 % |
| Other Income | Rs. 0.044 Cr | Rs. 0.006 Cr | Rs. 0.007 Cr | + 16.67 % | -84.09 % |
| Interest | Rs. 0.11 Cr | Rs. 0.15 Cr | Rs. 0.15 Cr | + 0 % | + 36.36 % |
| Depreciation | Rs. 0.12 Cr | Rs. 0.1 Cr | Rs. 0.1 Cr | + 0 % | -16.67 % |
| Profit before tax | Rs. 0.35 Cr | Rs. 0.27 Cr | Rs. -1.48 Cr | -648.15 % | -522.86 % |
| Tax % | 23.89 % | 3.36 % | -0.81 % | -4.17 % | -24.7 % |
| Net Profit | Rs. 0.45 Cr | Rs. 0.28 Cr | Rs. -1.48 Cr | -628.57 % | -428.89 % |
| EPS in Rs | Rs. 0.31 | Rs. 0.19 | Rs. -1.02 | -636.84 % | -429.03 % |
Today, we’re looking at Shahi Shipping Limited’s financial performance for the Q2(Sep 2024-25).Starting with the top line, the company reported a significant year-over-year sales decline of -28.49 %. However, it did see a marginal slip of -35.67 % from the previous quarter. Expenses ticked up slightly by 25.88 % quarter-on-quarter, aligning with the annual rise of 45.25 %. Operating profit, while down -329.63 % compared to last year, faced a quarter-on-quarter dip of -343.14 %, 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 -82.63 %, but a shrinkage of -79.68 % sequentially. Other income rose by 16.67 % compared to the last quarter, despite an annual decline of -84.09 %. Interest expenses surged remarkably by 0 % from the previous quarter, yet the year-over-year increase remains at a moderate 36.36 %. Depreciation costs climbed by 0 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -16.67 %. Profit before tax declined annually by -522.86 % but saw a reduction from the preceding quarter by -648.15 %.
Tax expenses as a percentage of profits decreased slightly by -24.7 % compared to last year, with a more notable quarter-on-quarter decrease of -4.17 %. Net profit fell by -428.89 % year-on-year but witnessed a -628.57 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -429.03 % but a quarterly fall of -636.84 %. In summary, Shahi Shipping 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. 2.752 Cr | Rs. 3.059 Cr | Rs. 1.968 Cr | -35.67 % | -28.49 % |
| Expenses | Rs. 2.21 Cr | Rs. 2.55 Cr | Rs. 3.21 Cr | + 25.88 % | + 45.25 % |
| Operating Profit | Rs. 0.54 Cr | Rs. 0.51 Cr | Rs. -1.24 Cr | -343.14 % | -329.63 % |
| Net Profit | Rs. 0.45 Cr | Rs. 0.28 Cr | Rs. -1.48 Cr | -628.57 % | -428.89 % |
| EPS in Rs | Rs. 0.31 | Rs. 0.19 | Rs. -1.02 | -636.84 % | -429.03 % |
In reviewing Shahi Shipping Limited’s 2024-25(Q2) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -28.49 % year-on-year, although there was a slight dip of -35.67 % from the previous quarter. Expenses rose by 45.25 % compared to the previous year, with a 25.88 % increase quarter-on-quarter. Operating Profit dropped by -329.63 % annually, and saw a -343.14 % decrease from the last quarter.
Net Profit showed yearly decrease of -428.89 %, and experienced a -628.57 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -429.03 % annually, however dipped by -636.84 % compared to the last quarter. In essence, while Shahi Shipping Limited faces strong annual decline 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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