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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 5.47 % in the past year, substantial increase in net sales/revenue by 23.15 %.
- 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 260.53 %. Marginal increase in other income during this quarter, up by 62.45%.
- Profit over the Year and quarter: Challenges in sustaining profitability for Safari Industries (India) Limited. Profit dropped by -11.07 % Year to Year, Safari Industries (India) Limited’s profitability increased by 2.82 % in this quarter.
- EPS over the Year and quarter: EPS declined by -56.74 % Year to Year. EPS increased by 1.22 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 426.68 Cr | Rs. 365.42 Cr | Rs. 450.02 Cr | + 23.15 % | + 5.47 % |
| Expenses | Rs. 347.67 Cr | Rs. 298.57 Cr | Rs. 384.15 Cr | + 28.66 % | + 10.49 % |
| Operating Profit | Rs. 79.01 Cr | Rs. 66.85 Cr | Rs. 65.87 Cr | -1.47 % | -16.63 % |
| OPM % | 18.52 % | 18.29 % | 14.64 % | -3.65 % | -3.88 % |
| Other Income | Rs. 2.28 Cr | Rs. 5.06 Cr | Rs. 8.22 Cr | + 62.45 % | + 260.53 % |
| Interest | Rs. 2.61 Cr | Rs. 2.29 Cr | Rs. 2.35 Cr | + 2.62 % | -9.96 % |
| Depreciation | Rs. 12.93 Cr | Rs. 13.7 Cr | Rs. 14.23 Cr | + 3.87 % | + 10.05 % |
| Profit before tax | Rs. 65.75 Cr | Rs. 55.92 Cr | Rs. 57.51 Cr | + 2.84 % | -12.53 % |
| Tax % | 24.05 % | 22.76 % | 22.78 % | + 0.02 % | -1.27 % |
| Net Profit | Rs. 49.94 Cr | Rs. 43.19 Cr | Rs. 44.41 Cr | + 2.82 % | -11.07 % |
| EPS in Rs | Rs. 20.91 | Rs. 8.97 | Rs. 9.07 | + 1.11 % | -56.62 % |
Today, we’re looking at Safari Industries (India) Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 5.47 %. However, it did see a marginal increase of 23.15 % from the previous quarter. Expenses ticked up slightly by 28.66 % quarter-on-quarter, aligning with the annual rise of 10.49 %. Operating profit, while down -16.63 % compared to last year, faced a quarter-on-quarter dip of -1.47 %, 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 -3.88 %, but a shrinkage of -3.65 % sequentially. Other income rose by 62.45 % compared to the last quarter, despite an annual growth of 260.53 %. Interest expenses surged remarkably by 2.62 % from the previous quarter, yet the year-over-year decrease remains at a moderate -9.96 %. Depreciation costs climbed by 3.87 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 10.05 %. Profit before tax declined annually by -12.53 % but saw an increase from the preceding quarter by 2.84 %.
Tax expenses as a percentage of profits decreased slightly by -1.27 % compared to last year, with a more notable quarter-on-quarter increase of 0.02 %. Net profit fell by -11.07 % year-on-year but experienced a 2.82 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -56.62 % but a quarterly rise of 1.11 %. In summary, Safari Industries (India) 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. 426.68 Cr | Rs. 365.42 Cr | Rs. 450.02 Cr | + 23.15 % | + 5.47 % |
| Expenses | Rs. 347.67 Cr | Rs. 298.57 Cr | Rs. 384.15 Cr | + 28.66 % | + 10.49 % |
| Operating Profit | Rs. 79.01 Cr | Rs. 66.85 Cr | Rs. 65.87 Cr | -1.47 % | -16.63 % |
| Net Profit | Rs. 49.94 Cr | Rs. 43.19 Cr | Rs. 44.41 Cr | + 2.82 % | -11.07 % |
| EPS in Rs | Rs. 20.91 | Rs. 8.97 | Rs. 9.07 | + 1.11 % | -56.62 % |
In reviewing Safari Industries (India) Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 5.47 % year-on-year growth, however, there was a minor increase of 23.15 % from the previous quarter. Expenses rose by 10.49 % compared to the previous year, with a 28.66 % increase quarter-on-quarter. Operating Profit dropped by -16.63 % annually, and saw a -1.47 % decrease from the last quarter.
Net Profit showed yearly decrease of -11.07 %, and experienced a 2.82 % increase from the previous quarter. Earnings Per Share (EPS) fell by -56.62 % annually, however rose by 1.11 % compared to the last quarter. In essence, while Safari Industries (India) 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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