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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 24.97 % in the past year, decrease in net sales/revenue by -10.17 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -41.9 %, Marginal decrease of -24.27% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Sah Polymers Limited. Profit dropped by -51.55 % Year to Year, Sah Polymers Limited’s profitability increased by 133.07 % in this quarter.
- EPS over the Year and quarter: EPS declined by -54.17 % Year to Year. EPS increased by 120 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 23.292 Cr | Rs. 32.404 Cr | Rs. 29.108 Cr | -10.17 % | + 24.97 % |
| Expenses | Rs. 21.59 Cr | Rs. 31.21 Cr | Rs. 27.54 Cr | -11.76 % | + 27.56 % |
| Operating Profit | Rs. 1.7 Cr | Rs. 1.19 Cr | Rs. 1.57 Cr | + 31.93 % | -7.65 % |
| OPM % | 7.3 % | 3.67 % | 5.39 % | + 1.72 % | -1.91 % |
| Other Income | Rs. 0.537 Cr | Rs. 0.412 Cr | Rs. 0.312 Cr | -24.27 % | -41.9 % |
| Interest | Rs. 0.79 Cr | Rs. 0.8 Cr | Rs. 0.8 Cr | + 0 % | + 1.27 % |
| Depreciation | Rs. 0.58 Cr | Rs. 0.63 Cr | Rs. 0.63 Cr | + 0 % | + 8.62 % |
| Profit before tax | Rs. 0.87 Cr | Rs. 0.17 Cr | Rs. 0.45 Cr | + 164.71 % | -48.28 % |
| Tax % | 30.01 % | 28.25 % | 35.51 % | + 7.26 % | + 5.5 % |
| Net Profit | Rs. 0.61 Cr | Rs. 0.13 Cr | Rs. 0.3 Cr | + 130.77 % | -50.82 % |
| EPS in Rs | Rs. 0.24 | Rs. 0.05 | Rs. 0.11 | + 120 % | -54.17 % |
Today, we’re looking at Sah Polymers 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 24.97 %. However, it did see a marginal slip of -10.17 % from the previous quarter. Expenses decreased slightly by -11.76 % quarter-on-quarter, aligning with the annual rise of 27.56 %. Operating profit, while down -7.65 % compared to last year, faced a quarter-on-quarter increase of 31.93 %, 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 -1.91 %, but an expansion of 1.72 % sequentially. Other income fell by -24.27 % compared to the last quarter, despite an annual decline of -41.9 %. Interest expenses surged remarkably by 0 % from the previous quarter, yet the year-over-year increase remains at a moderate 1.27 %. Depreciation costs climbed by 0 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 8.62 %. Profit before tax declined annually by -48.28 % but saw an increase from the preceding quarter by 164.71 %.
Tax expenses as a percentage of profits increased slightly by 5.5 % compared to last year, with a more notable quarter-on-quarter increase of 7.26 %. Net profit fell by -50.82 % year-on-year but experienced a 130.77 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -54.17 % but a quarterly rise of 120 %. In summary, Sah Polymers 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. 23.292 Cr | Rs. 32.404 Cr | Rs. 29.108 Cr | -10.17 % | + 24.97 % |
| Expenses | Rs. 21.59 Cr | Rs. 31.21 Cr | Rs. 27.54 Cr | -11.76 % | + 27.56 % |
| Operating Profit | Rs. 1.7 Cr | Rs. 1.19 Cr | Rs. 1.57 Cr | + 31.93 % | -7.65 % |
| Net Profit | Rs. 0.61 Cr | Rs. 0.13 Cr | Rs. 0.3 Cr | + 130.77 % | -50.82 % |
| EPS in Rs | Rs. 0.24 | Rs. 0.05 | Rs. 0.11 | + 120 % | -54.17 % |
In reviewing Sah Polymers Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 24.97 % year-on-year growth, although there was a slight dip of -10.17 % from the previous quarter. Expenses rose by 27.56 % compared to the previous year, with a decrease of -11.76 % quarter-on-quarter. Operating Profit dropped by -7.65 % annually, and saw a 31.93 % increase from the last quarter.
Net Profit showed yearly decrease of -50.82 %, and experienced a 130.77 % increase from the previous quarter. Earnings Per Share (EPS) fell by -54.17 % annually, however rose by 120 % compared to the last quarter. In essence, while Sah Polymers 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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