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Highlights
- The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company experienced a substantial growth of 2.14 % in the past year, substantial increase in net sales/revenue by 0.69 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -57.51 %, Marginal decrease of -19.21% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Southern Petrochemicals Industries Corporation Limited. Profit dropped by -33.17 % Year to Year, Southern Petrochemicals Industries Corporation Limited’s profitability dropped by -43.77 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -38.21 % Year to Year. EPS decreased by -71.82 % 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. 743.64 Cr | Rs. 754.34 Cr | Rs. 759.58 Cr | + 0.69 % | + 2.14 % |
| Expenses | Rs. 668.38 Cr | Rs. 656 Cr | Rs. 692.8 Cr | + 5.61 % | + 3.65 % |
| Operating Profit | Rs. 75.26 Cr | Rs. 98.34 Cr | Rs. 66.78 Cr | -32.09 % | -11.27 % |
| OPM % | 10.12 % | 13.04 % | 8.79 % | -4.25 % | -1.33 % |
| Other Income | Rs. 3.86 Cr | Rs. 2.03 Cr | Rs. 1.64 Cr | -19.21 % | -57.51 % |
| Interest | Rs. 7.77 Cr | Rs. 11.92 Cr | Rs. 10.53 Cr | -11.66 % | + 35.52 % |
| Depreciation | Rs. 0 Cr | Rs. 9.41 Cr | Rs. 9.5 Cr | + 0.96 % | 0 % |
| Profit before tax | Rs. 71.35 Cr | Rs. 79.04 Cr | Rs. 48.39 Cr | -38.78 % | -32.18 % |
| Tax % | 38.35 % | 36.06 % | 36.33 % | + 0.27 % | -2.02 % |
| Net Profit | Rs. 52.63 Cr | Rs. 62.55 Cr | Rs. 35.17 Cr | -43.77 % | -33.17 % |
| EPS in Rs | Rs. 2.8 | Rs. 6.14 | Rs. 1.73 | -71.82 % | -38.21 % |
Today, we’re looking at Southern Petrochemicals Industries Corporation Limited’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 2.14 %. However, it did see a marginal increase of 0.69 % from the previous quarter. Expenses ticked up slightly by 5.61 % quarter-on-quarter, aligning with the annual rise of 3.65 %. Operating profit, while down -11.27 % compared to last year, faced a quarter-on-quarter dip of -32.09 %, 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 -1.33 %, but a shrinkage of -4.25 % sequentially. Other income fell by -19.21 % compared to the last quarter, despite an annual decline of -57.51 %. Interest expenses dropped significantly by -11.66 % from the previous quarter, yet the year-over-year increase remains at a moderate 35.52 %. Depreciation costs climbed by 0.96 % quarter-on-quarter, Profit before tax declined annually by -32.18 % but saw a reduction from the preceding quarter by -38.78 %.
Tax expenses as a percentage of profits decreased slightly by -2.02 % compared to last year, with a more notable quarter-on-quarter increase of 0.27 %. Net profit fell by -33.17 % year-on-year but witnessed a -43.77 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -38.21 % but a quarterly fall of -71.82 %. In summary, Southern Petrochemicals Industries Corporation 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. 743.64 Cr | Rs. 754.34 Cr | Rs. 759.58 Cr | + 0.69 % | + 2.14 % |
| Expenses | Rs. 668.38 Cr | Rs. 656 Cr | Rs. 692.8 Cr | + 5.61 % | + 3.65 % |
| Operating Profit | Rs. 75.26 Cr | Rs. 98.34 Cr | Rs. 66.78 Cr | -32.09 % | -11.27 % |
| Net Profit | Rs. 52.63 Cr | Rs. 62.55 Cr | Rs. 35.17 Cr | -43.77 % | -33.17 % |
| EPS in Rs | Rs. 2.8 | Rs. 6.14 | Rs. 1.73 | -71.82 % | -38.21 % |
In reviewing Southern Petrochemicals Industries Corporation Limited’s 2024-25(Q2) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 2.14 % year-on-year growth, however, there was a minor increase of 0.69 % from the previous quarter. Expenses rose by 3.65 % compared to the previous year, with a 5.61 % increase quarter-on-quarter. Operating Profit dropped by -11.27 % annually, and saw a -32.09 % decrease from the last quarter.
Net Profit showed yearly decrease of -33.17 %, and experienced a -43.77 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -38.21 % annually, however dipped by -71.82 % compared to the last quarter. In essence, while Southern Petrochemicals Industries Corporation 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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