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Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 4.03 % in the past year, substantial increase in net sales/revenue by 30.45 %.
- Income over the Year and quarter: There has been either a marginal increase or a decline in other income over the past year which is 415.45 %. Marginal increase in other income during this quarter, up by 511.14%.
- Profit over the Year and quarter: Significant improvement in profitability for Star Cement Limited. Notable increase of 6.7 % in net profit Year to Year, Star Cement Limited’s profitability increased by 30.23 % in this quarter.
- EPS over the Year and quarter: EPS increased by 7.06 % Year to Year. EPS increased by 30 % in previous quarter. Positive impact on shareholders.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 826.388 Cr | Rs. 659.049 Cr | Rs. 859.7 Cr | + 30.45 % | + 4.03 % |
Expenses | Rs. 708.08 Cr | Rs. 553.29 Cr | Rs. 741.8 Cr | + 34.07 % | + 4.76 % |
Operating Profit | Rs. 118.31 Cr | Rs. 105.76 Cr | Rs. 117.9 Cr | + 11.48 % | -0.35 % |
OPM % | 14.32 % | 16.05 % | 13.71 % | -2.34 % | -0.61 % |
Other Income | Rs. 4.79 Cr | Rs. 4.04 Cr | Rs. 24.69 Cr | + 511.14 % | + 415.45 % |
Interest | Rs. 1.68 Cr | Rs. 2.89 Cr | Rs. 3.86 Cr | + 33.56 % | + 129.76 % |
Depreciation | Rs. 21.4 Cr | Rs. 19.99 Cr | Rs. 22.32 Cr | + 11.66 % | + 4.3 % |
Profit before tax | Rs. 100.02 Cr | Rs. 86.92 Cr | Rs. 116.41 Cr | + 33.93 % | + 16.39 % |
Tax % | 31.16 % | 35.1 % | 36.9 % | + 1.8 % | + 5.74 % |
Net Profit | Rs. 68.85 Cr | Rs. 56.41 Cr | Rs. 73.46 Cr | + 30.23 % | + 6.7 % |
EPS in Rs | Rs. 1.7 | Rs. 1.4 | Rs. 1.82 | + 30 % | + 7.06 % |
Today, we’re looking at Star Cement Limited’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 4.03 %. However, it did see a marginal increase of 30.45 % from the previous quarter. Expenses ticked up slightly by 34.07 % quarter-on-quarter, aligning with the annual rise of 4.76 %. Operating profit, while down -0.35 % compared to last year, faced a quarter-on-quarter increase of 11.48 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -0.61 %, but a shrinkage of -2.34 % sequentially. Other income rose by 511.14 % compared to the last quarter, despite an annual growth of 415.45 %. Interest expenses surged remarkably by 33.56 % from the previous quarter, yet the year-over-year increase remains at a moderate 129.76 %. Depreciation costs climbed by 11.66 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 4.3 %. Profit before tax grew annually by 16.39 % but saw an increase from the preceding quarter by 33.93 %.
Tax expenses as a percentage of profits increased slightly by 5.74 % compared to last year, with a more notable quarter-on-quarter increase of 1.8 %. Net profit rose by 6.7 % year-on-year but experienced a 30.23 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 7.06 % but a quarterly rise of 30 %. In summary, Star Cement 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. 826.388 Cr | Rs. 659.049 Cr | Rs. 859.7 Cr | + 30.45 % | + 4.03 % |
Expenses | Rs. 708.08 Cr | Rs. 553.29 Cr | Rs. 741.8 Cr | + 34.07 % | + 4.76 % |
Operating Profit | Rs. 118.31 Cr | Rs. 105.76 Cr | Rs. 117.9 Cr | + 11.48 % | -0.35 % |
Net Profit | Rs. 68.85 Cr | Rs. 56.41 Cr | Rs. 73.46 Cr | + 30.23 % | + 6.7 % |
EPS in Rs | Rs. 1.7 | Rs. 1.4 | Rs. 1.82 | + 30 % | + 7.06 % |
In reviewing Star Cement Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 4.03 % year-on-year growth, however, there was a minor increase of 30.45 % from the previous quarter. Expenses rose by 4.76 % compared to the previous year, with a 34.07 % increase quarter-on-quarter. Operating Profit dropped by -0.35 % annually, and saw a 11.48 % increase from the last quarter.
Net Profit showed yearly increase of 6.7 %, and experienced a 30.23 % increase from the previous quarter. Earnings Per Share (EPS) rose by 7.06 % annually, however rose by 30 % compared to the last quarter. In essence, while Star Cement Limited 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.