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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 -1.4 % over the year, decrease in net sales/revenue by -5.82 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -61.17 %, Marginal decrease of -11.11% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Deepak Spinners Ltd.,. Profit dropped by -236.61 % Year to Year, Deepak Spinners Ltd.,’s profitability dropped by -38.26 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -236.83 % Year to Year. EPS decreased by -38.24 % 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. 133.12 Cr | Rs. 139.36 Cr | Rs. 131.25 Cr | -5.82 % | -1.4 % |
| Expenses | Rs. 125.4 Cr | Rs. 140.09 Cr | Rs. 129.28 Cr | -7.72 % | + 3.09 % |
| Operating Profit | Rs. 7.72 Cr | Rs. -0.73 Cr | Rs. 1.97 Cr | + 369.86 % | -74.48 % |
| OPM % | 5.8 % | -0.52 % | 1.5 % | + 2.02 % | -4.3 % |
| Other Income | Rs. 1.03 Cr | Rs. 0.45 Cr | Rs. 0.4 Cr | -11.11 % | -61.17 % |
| Interest | Rs. 1.1 Cr | Rs. 1.1 Cr | Rs. 1.06 Cr | -3.64 % | -3.64 % |
| Depreciation | Rs. 4.18 Cr | Rs. 4.21 Cr | Rs. 4.45 Cr | + 5.7 % | + 6.46 % |
| Profit before tax | Rs. 3.47 Cr | Rs. -5.59 Cr | Rs. -3.14 Cr | + 43.83 % | -190.49 % |
| Tax % | 26.8 % | -0.54 % | -10.51 % | -9.97 % | -37.31 % |
| Net Profit | Rs. 2.54 Cr | Rs. -5.62 Cr | Rs. -3.47 Cr | + 38.26 % | -236.61 % |
| EPS in Rs | Rs. 3.53 | Rs. -7.82 | Rs. -4.83 | + 38.24 % | -236.83 % |
Today, we’re looking at Deepak Spinners Ltd.,’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 -1.4 %. However, it did see a marginal slip of -5.82 % from the previous quarter. Expenses decreased slightly by -7.72 % quarter-on-quarter, aligning with the annual rise of 3.09 %. Operating profit, while down -74.48 % compared to last year, faced a quarter-on-quarter increase of 369.86 %, 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 -4.3 %, but an expansion of 2.02 % sequentially. Other income fell by -11.11 % compared to the last quarter, despite an annual decline of -61.17 %. Interest expenses dropped significantly by -3.64 % from the previous quarter, yet the year-over-year decrease remains at a moderate -3.64 %. Depreciation costs climbed by 5.7 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 6.46 %. Profit before tax declined annually by -190.49 % but saw an increase from the preceding quarter by 43.83 %.
Tax expenses as a percentage of profits decreased slightly by -37.31 % compared to last year, with a more notable quarter-on-quarter decrease of -9.97 %. Net profit fell by -236.61 % year-on-year but experienced a 38.26 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -236.83 % but a quarterly rise of 38.24 %. In summary, Deepak Spinners Ltd.,’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. 133.12 Cr | Rs. 139.36 Cr | Rs. 131.25 Cr | -5.82 % | -1.4 % |
| Expenses | Rs. 125.4 Cr | Rs. 140.09 Cr | Rs. 129.28 Cr | -7.72 % | + 3.09 % |
| Operating Profit | Rs. 7.72 Cr | Rs. -0.73 Cr | Rs. 1.97 Cr | + 369.86 % | -74.48 % |
| Net Profit | Rs. 2.54 Cr | Rs. -5.62 Cr | Rs. -3.47 Cr | + 38.26 % | -236.61 % |
| EPS in Rs | Rs. 3.53 | Rs. -7.82 | Rs. -4.83 | + 38.24 % | -236.83 % |
In reviewing Deepak Spinners Ltd.,’s 2024-25(Q2) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -1.4 % year-on-year, although there was a slight dip of -5.82 % from the previous quarter. Expenses rose by 3.09 % compared to the previous year, with a decrease of -7.72 % quarter-on-quarter. Operating Profit dropped by -74.48 % annually, and saw a 369.86 % increase from the last quarter.
Net Profit showed yearly decrease of -236.61 %, and experienced a 38.26 % increase from the previous quarter. Earnings Per Share (EPS) fell by -236.83 % annually, however rose by 38.24 % compared to the last quarter. In essence, while Deepak Spinners Ltd., faces strong annual decline 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.
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