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S P Apparels ‘s Q2 Financial results: Revenue Grows by 33.79% YoY

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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 33.79 % in the past year, substantial increase in net sales/revenue by 59.51 %.
  • Income over the Year and quarter: There has been decline in other income over the past year which is -57.61 %, Marginal decrease of -12.05% in other income during this quarter.
  • Profit over the Year and quarter: Challenges in sustaining profitability for S. P. Apparels Limited. Profit dropped by -23.32 % Year to Year, S. P. Apparels Limited’s profitability increased by 21.45 % in this quarter.
  • EPS over the Year and quarter: EPS declined by -23.35 % Year to Year. EPS increased by 21.42 % in previous quarter. Positive impact on shareholders.

The comprehensive analytics outlining the performance and outlook of S. P. Apparels Limited‘s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

Metrics Previous Year Previous Quarter Current Quarter Quarter to Quarter Difference Year to Year Difference
Sales Rs. 292.464 Cr Rs. 245.313 Cr Rs. 391.297 Cr + 59.51 % + 33.79 %
Expenses Rs. 245.96 Cr Rs. 212.31 Cr Rs. 341.62 Cr + 60.91 % + 38.89 %
Operating Profit Rs. 46.5 Cr Rs. 33 Cr Rs. 49.68 Cr + 50.55 % + 6.84 %
OPM % 15.9 % 13.45 % 12.7 % -0.75 % -3.2 %
Other Income Rs. 5.631 Cr Rs. 2.714 Cr Rs. 2.387 Cr -12.05 % -57.61 %
Interest Rs. 4.2 Cr Rs. 5.31 Cr Rs. 10.7 Cr + 101.51 % + 154.76 %
Depreciation Rs. 9.53 Cr Rs. 9.8 Cr Rs. 11 Cr + 12.24 % + 15.42 %
Profit before tax Rs. 38.4 Cr Rs. 20.6 Cr Rs. 30.37 Cr + 47.43 % -20.91 %
Tax % 25.59 % 12.4 % 27.83 % + 15.43 % + 2.24 %
Net Profit Rs. 28.58 Cr Rs. 18.05 Cr Rs. 21.92 Cr + 21.44 % -23.3 %
EPS in Rs Rs. 11.39 Rs. 7.19 Rs. 8.73 + 21.42 % -23.35 %


Today, we’re looking at S. P. Apparels 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 33.79 %. However, it did see a marginal increase of 59.51 % from the previous quarter. Expenses ticked up slightly by 60.91 % quarter-on-quarter, aligning with the annual rise of 38.89 %. Operating profit, while up 6.84 % compared to last year, faced a quarter-on-quarter increase of 50.55 %, 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 -3.2 %, but a shrinkage of -0.75 % sequentially. Other income fell by -12.05 % compared to the last quarter, despite an annual decline of -57.61 %. Interest expenses surged remarkably by 101.51 % from the previous quarter, yet the year-over-year increase remains at a moderate 154.76 %. Depreciation costs climbed by 12.24 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 15.42 %. Profit before tax declined annually by -20.91 % but saw an increase from the preceding quarter by 47.43 %.
Tax expenses as a percentage of profits increased slightly by 2.24 % compared to last year, with a more notable quarter-on-quarter increase of 15.43 %. Net profit fell by -23.3 % year-on-year but experienced a 21.44 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -23.35 % but a quarterly rise of 21.42 %. 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. 292.464 Cr Rs. 245.313 Cr Rs. 391.297 Cr + 59.51 % + 33.79 %
Expenses Rs. 245.96 Cr Rs. 212.31 Cr Rs. 341.62 Cr + 60.91 % + 38.89 %
Operating Profit Rs. 46.5 Cr Rs. 33 Cr Rs. 49.68 Cr + 50.55 % + 6.84 %
Net Profit Rs. 28.58 Cr Rs. 18.05 Cr Rs. 21.92 Cr + 21.44 % -23.3 %
EPS in Rs Rs. 11.39 Rs. 7.19 Rs. 8.73 + 21.42 % -23.35 %


In reviewing S. P. Apparels Limited’s 2024-25(Q2) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 33.79 % year-on-year growth, however, there was a minor increase of 59.51 % from the previous quarter. Expenses rose by 38.89 % compared to the previous year, with a 60.91 % increase quarter-on-quarter. Operating Profit surged by 6.84 % annually, and saw a 50.55 % increase from the last quarter.
Net Profit showed yearly decrease of -23.3 %, and experienced a 21.44 % increase from the previous quarter. Earnings Per Share (EPS) fell by -23.35 % annually, however rose by 21.42 % compared to the last quarter. In essence, while S. P. Apparels Limited 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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