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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’s sales declined by -0.93 % over the year, decrease in net sales/revenue by -16.88 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -34.92 %, Marginal increase in other income during this quarter, up by 65.49%.
- Profit over the Year and quarter: Significant improvement in profitability for S. P. Apparels Limited. Notable increase of 20.54 % in net profit Year to Year, S. P. Apparels Limited’s profitability dropped by -36.6 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 20.44 % Year to Year. EPS decreased by -36.6 % 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. 247.622 Cr | Rs. 295.133 Cr | Rs. 245.313 Cr | -16.88 % | -0.93 % |
| Expenses | Rs. 211.63 Cr | Rs. 254.33 Cr | Rs. 212.31 Cr | -16.52 % | + 0.32 % |
| Operating Profit | Rs. 35.99 Cr | Rs. 40.8 Cr | Rs. 33 Cr | -19.12 % | -8.31 % |
| OPM % | 14.53 % | 13.82 % | 13.45 % | -0.37 % | -1.08 % |
| Other Income | Rs. 4.17 Cr | Rs. 1.64 Cr | Rs. 2.714 Cr | + 65.49 % | -34.92 % |
| Interest | Rs. 5.9 Cr | Rs. 3.12 Cr | Rs. 5.31 Cr | + 70.19 % | -10 % |
| Depreciation | Rs. 9.37 Cr | Rs. 9.49 Cr | Rs. 9.8 Cr | + 3.27 % | + 4.59 % |
| Profit before tax | Rs. 24.89 Cr | Rs. 29.83 Cr | Rs. 20.6 Cr | -30.94 % | -17.24 % |
| Tax % | 39.86 % | 4.59 % | 12.4 % | + 7.81 % | -27.46 % |
| Net Profit | Rs. 14.97 Cr | Rs. 28.46 Cr | Rs. 18.05 Cr | -36.58 % | + 20.57 % |
| EPS in Rs | Rs. 5.97 | Rs. 11.34 | Rs. 7.19 | -36.6 % | + 20.44 % |
Today, we’re looking at S. P. Apparels Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -0.93 %. However, it did see a marginal slip of -16.88 % from the previous quarter. Expenses decreased slightly by -16.52 % quarter-on-quarter, aligning with the annual rise of 0.32 %. Operating profit, while down -8.31 % compared to last year, faced a quarter-on-quarter dip of -19.12 %, 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 -1.08 %, but a shrinkage of -0.37 % sequentially. Other income rose by 65.49 % compared to the last quarter, despite an annual decline of -34.92 %. Interest expenses surged remarkably by 70.19 % from the previous quarter, yet the year-over-year decrease remains at a moderate -10 %. Depreciation costs climbed by 3.27 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 4.59 %. Profit before tax declined annually by -17.24 % but saw a reduction from the preceding quarter by -30.94 %.
Tax expenses as a percentage of profits decreased slightly by -27.46 % compared to last year, with a more notable quarter-on-quarter increase of 7.81 %. Net profit rose by 20.57 % year-on-year but witnessed a -36.58 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 20.44 % but a quarterly fall of -36.6 %. In summary, S. P. Apparels 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. 247.622 Cr | Rs. 295.133 Cr | Rs. 245.313 Cr | -16.88 % | -0.93 % |
| Expenses | Rs. 211.63 Cr | Rs. 254.33 Cr | Rs. 212.31 Cr | -16.52 % | + 0.32 % |
| Operating Profit | Rs. 35.99 Cr | Rs. 40.8 Cr | Rs. 33 Cr | -19.12 % | -8.31 % |
| Net Profit | Rs. 14.97 Cr | Rs. 28.46 Cr | Rs. 18.05 Cr | -36.58 % | + 20.57 % |
| EPS in Rs | Rs. 5.97 | Rs. 11.34 | Rs. 7.19 | -36.6 % | + 20.44 % |
In reviewing S. P. Apparels Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -0.93 % year-on-year, although there was a slight dip of -16.88 % from the previous quarter. Expenses rose by 0.32 % compared to the previous year, with a decrease of -16.52 % quarter-on-quarter. Operating Profit dropped by -8.31 % annually, and saw a -19.12 % decrease from the last quarter.
Net Profit showed yearly increase of 20.57 %, and experienced a -36.58 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 20.44 % annually, however dipped by -36.6 % compared to the last quarter. In essence, while S. P. Apparels 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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