Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 174.33 % in the past year, substantial increase in net sales/revenue by 171.11 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -110.26 %, Marginal decrease of -115.19% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Global Surfaces Limited. Notable increase of 88.42 % in net profit Year to Year, Global Surfaces Limited’s profitability increased by 217.81 % in this quarter.
- EPS over the Year and quarter: EPS increased by 47.62 % Year to Year. EPS increased by 222.08 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 39.596 Cr | Rs. 40.065 Cr | Rs. 108.622 Cr | + 171.11 % | + 174.33 % |
| Expenses | Rs. 31.69 Cr | Rs. 33.34 Cr | Rs. 92.42 Cr | + 177.2 % | + 191.64 % |
| Operating Profit | Rs. 7.91 Cr | Rs. 6.72 Cr | Rs. 16.2 Cr | + 141.07 % | + 104.8 % |
| OPM % | 19.98 % | 16.77 % | 14.91 % | -1.86 % | -5.07 % |
| Other Income | Rs. 1.17 Cr | Rs. 0.79 Cr | Rs. -0.12 Cr | -115.19 % | -110.26 % |
| Interest | Rs. 0.83 Cr | Rs. 1.15 Cr | Rs. 1.02 Cr | -11.3 % | + 22.89 % |
| Depreciation | Rs. 2.34 Cr | Rs. 1.87 Cr | Rs. 3.57 Cr | + 90.91 % | + 52.56 % |
| Profit before tax | Rs. 5.91 Cr | Rs. 4.49 Cr | Rs. 11.49 Cr | + 155.9 % | + 94.42 % |
| Tax % | 2.76 % | 24.18 % | 5.73 % | -18.45 % | + 2.97 % |
| Net Profit | Rs. 5.75 Cr | Rs. 3.41 Cr | Rs. 10.83 Cr | + 217.6 % | + 88.35 % |
| EPS in Rs | Rs. 1.68 | Rs. 0.77 | Rs. 2.48 | + 222.08 % | + 47.62 % |
Today, we’re looking at Global Surfaces 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 174.33 %. However, it did see a marginal increase of 171.11 % from the previous quarter. Expenses ticked up slightly by 177.2 % quarter-on-quarter, aligning with the annual rise of 191.64 %. Operating profit, while up 104.8 % compared to last year, faced a quarter-on-quarter increase of 141.07 %, 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 -5.07 %, but a shrinkage of -1.86 % sequentially. Other income fell by -115.19 % compared to the last quarter, despite an annual decline of -110.26 %. Interest expenses dropped significantly by -11.3 % from the previous quarter, yet the year-over-year increase remains at a moderate 22.89 %. Depreciation costs climbed by 90.91 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 52.56 %. Profit before tax grew annually by 94.42 % but saw an increase from the preceding quarter by 155.9 %.
Tax expenses as a percentage of profits increased slightly by 2.97 % compared to last year, with a more notable quarter-on-quarter decrease of -18.45 %. Net profit rose by 88.35 % year-on-year but experienced a 217.6 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 47.62 % but a quarterly rise of 222.08 %. In summary, Global Surfaces 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. 39.596 Cr | Rs. 40.065 Cr | Rs. 108.622 Cr | + 171.11 % | + 174.33 % |
| Expenses | Rs. 31.69 Cr | Rs. 33.34 Cr | Rs. 92.42 Cr | + 177.2 % | + 191.64 % |
| Operating Profit | Rs. 7.91 Cr | Rs. 6.72 Cr | Rs. 16.2 Cr | + 141.07 % | + 104.8 % |
| Net Profit | Rs. 5.75 Cr | Rs. 3.41 Cr | Rs. 10.83 Cr | + 217.6 % | + 88.35 % |
| EPS in Rs | Rs. 1.68 | Rs. 0.77 | Rs. 2.48 | + 222.08 % | + 47.62 % |
In reviewing Global Surfaces Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 174.33 % year-on-year growth, however, there was a minor increase of 171.11 % from the previous quarter. Expenses rose by 191.64 % compared to the previous year, with a 177.2 % increase quarter-on-quarter. Operating Profit surged by 104.8 % annually, and saw a 141.07 % increase from the last quarter.
Net Profit showed yearly increase of 88.35 %, and experienced a 217.6 % increase from the previous quarter. Earnings Per Share (EPS) rose by 47.62 % annually, however rose by 222.08 % compared to the last quarter. In essence, while Global Surfaces 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.
