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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 -13.95 % over the year, decrease in net sales/revenue by -2.26 %.
- 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 148.39 %. Marginal decrease of -24.51% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Sacheta Metals Ltd.. Notable increase of 3.03 % in net profit Year to Year, Sacheta Metals Ltd.’s profitability dropped by -60.92 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -11.76 % Year to Year. EPS decreased by -61.54 % 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. 19.57 Cr | Rs. 17.23 Cr | Rs. 16.84 Cr | -2.26 % | -13.95 % |
Expenses | Rs. 18.79 Cr | Rs. 16.27 Cr | Rs. 16.4 Cr | + 0.8 % | -12.72 % |
Operating Profit | Rs. 0.78 Cr | Rs. 0.96 Cr | Rs. 0.44 Cr | -54.17 % | -43.59 % |
OPM % | 3.99 % | 5.57 % | 2.61 % | -2.96 % | -1.38 % |
Other Income | Rs. 0.31 Cr | Rs. 1.02 Cr | Rs. 0.77 Cr | -24.51 % | + 148.39 % |
Interest | Rs. 0.21 Cr | Rs. 0.32 Cr | Rs. 0.27 Cr | -15.63 % | + 28.57 % |
Depreciation | Rs. 0.44 Cr | Rs. 0.47 Cr | Rs. 0.46 Cr | -2.13 % | + 4.55 % |
Profit before tax | Rs. 0.44 Cr | Rs. 1.19 Cr | Rs. 0.48 Cr | -59.66 % | + 9.09 % |
Tax % | 25 % | 26.89 % | 29.17 % | + 2.28 % | + 4.17 % |
Net Profit | Rs. 0.33 Cr | Rs. 0.87 Cr | Rs. 0.34 Cr | -60.92 % | + 3.03 % |
EPS in Rs | Rs. 0.17 | Rs. 0.39 | Rs. 0.15 | -61.54 % | -11.76 % |
Today, we’re looking at Sacheta Metals Ltd.’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -13.95 %. However, it did see a marginal slip of -2.26 % from the previous quarter. Expenses ticked up slightly by 0.8 % quarter-on-quarter, aligning with the annual decline of -12.72 %. Operating profit, while down -43.59 % compared to last year, faced a quarter-on-quarter dip of -54.17 %, 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 -1.38 %, but a shrinkage of -2.96 % sequentially. Other income fell by -24.51 % compared to the last quarter, despite an annual growth of 148.39 %. Interest expenses dropped significantly by -15.63 % from the previous quarter, yet the year-over-year increase remains at a moderate 28.57 %. Depreciation costs fell by -2.13 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 4.55 %. Profit before tax grew annually by 9.09 % but saw a reduction from the preceding quarter by -59.66 %.
Tax expenses as a percentage of profits increased slightly by 4.17 % compared to last year, with a more notable quarter-on-quarter increase of 2.28 %. Net profit rose by 3.03 % year-on-year but witnessed a -60.92 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -11.76 % but a quarterly fall of -61.54 %. In summary, Sacheta Metals 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. 19.57 Cr | Rs. 17.23 Cr | Rs. 16.84 Cr | -2.26 % | -13.95 % |
Expenses | Rs. 18.79 Cr | Rs. 16.27 Cr | Rs. 16.4 Cr | + 0.8 % | -12.72 % |
Operating Profit | Rs. 0.78 Cr | Rs. 0.96 Cr | Rs. 0.44 Cr | -54.17 % | -43.59 % |
Net Profit | Rs. 0.33 Cr | Rs. 0.87 Cr | Rs. 0.34 Cr | -60.92 % | + 3.03 % |
EPS in Rs | Rs. 0.17 | Rs. 0.39 | Rs. 0.15 | -61.54 % | -11.76 % |
In reviewing Sacheta Metals Ltd.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -13.95 % year-on-year, although there was a slight dip of -2.26 % from the previous quarter. Expenses decreased by -12.72 % compared to the previous year, with a 0.8 % increase quarter-on-quarter. Operating Profit dropped by -43.59 % annually, and saw a -54.17 % decrease from the last quarter.
Net Profit showed yearly increase of 3.03 %, and experienced a -60.92 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -11.76 % annually, however dipped by -61.54 % compared to the last quarter. In essence, while Sacheta Metals Ltd. 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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