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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 experienced a substantial growth of 17.99 % in the past year, substantial increase in net sales/revenue by 64.89 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -65 %, Marginal increase in other income during this quarter, up by 566.67%.
- Profit over the Year and quarter: Challenges in sustaining profitability for SAL AUTOMOTIVE LIMITED. Profit dropped by -16.85 % Year to Year, SAL AUTOMOTIVE LIMITED’s profitability increased by 59.14 % in this quarter.
- EPS over the Year and quarter: EPS declined by -16.85 % Year to Year. EPS increased by 118.79 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 84.94 Cr | Rs. 60.78 Cr | Rs. 100.22 Cr | + 64.89 % | + 17.99 % |
| Expenses | Rs. 81.32 Cr | Rs. 57.84 Cr | Rs. 96.63 Cr | + 67.06 % | + 18.83 % |
| Operating Profit | Rs. 3.62 Cr | Rs. 2.94 Cr | Rs. 3.59 Cr | + 22.11 % | -0.83 % |
| OPM % | 4.26 % | 4.84 % | 3.58 % | -1.26 % | -0.68 % |
| Other Income | Rs. 0.4 Cr | Rs. -0.03 Cr | Rs. 0.14 Cr | + 566.67 % | -65 % |
| Interest | Rs. 0.76 Cr | Rs. 0.69 Cr | Rs. 0.59 Cr | -14.49 % | -22.37 % |
| Depreciation | Rs. 0.87 Cr | Rs. 0.99 Cr | Rs. 1.04 Cr | + 5.05 % | + 19.54 % |
| Profit before tax | Rs. 2.39 Cr | Rs. 1.23 Cr | Rs. 2.1 Cr | + 70.73 % | -12.13 % |
| Tax % | 25.52 % | 24.39 % | 29.52 % | + 5.13 % | + 4 % |
| Net Profit | Rs. 1.78 Cr | Rs. 0.93 Cr | Rs. 1.48 Cr | + 59.14 % | -16.85 % |
| EPS in Rs | Rs. 7.42 | Rs. 2.82 | Rs. 6.17 | + 118.79 % | -16.85 % |
Today, we’re looking at SAL AUTOMOTIVE 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 17.99 %. However, it did see a marginal increase of 64.89 % from the previous quarter. Expenses ticked up slightly by 67.06 % quarter-on-quarter, aligning with the annual rise of 18.83 %. Operating profit, while down -0.83 % compared to last year, faced a quarter-on-quarter increase of 22.11 %, 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 -0.68 %, but a shrinkage of -1.26 % sequentially. Other income rose by 566.67 % compared to the last quarter, despite an annual decline of -65 %. Interest expenses dropped significantly by -14.49 % from the previous quarter, yet the year-over-year decrease remains at a moderate -22.37 %. Depreciation costs climbed by 5.05 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 19.54 %. Profit before tax declined annually by -12.13 % but saw an increase from the preceding quarter by 70.73 %.
Tax expenses as a percentage of profits increased slightly by 4 % compared to last year, with a more notable quarter-on-quarter increase of 5.13 %. Net profit fell by -16.85 % year-on-year but experienced a 59.14 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -16.85 % but a quarterly rise of 118.79 %. In summary, SAL AUTOMOTIVE 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. 84.94 Cr | Rs. 60.78 Cr | Rs. 100.22 Cr | + 64.89 % | + 17.99 % |
| Expenses | Rs. 81.32 Cr | Rs. 57.84 Cr | Rs. 96.63 Cr | + 67.06 % | + 18.83 % |
| Operating Profit | Rs. 3.62 Cr | Rs. 2.94 Cr | Rs. 3.59 Cr | + 22.11 % | -0.83 % |
| Net Profit | Rs. 1.78 Cr | Rs. 0.93 Cr | Rs. 1.48 Cr | + 59.14 % | -16.85 % |
| EPS in Rs | Rs. 7.42 | Rs. 2.82 | Rs. 6.17 | + 118.79 % | -16.85 % |
In reviewing SAL AUTOMOTIVE LIMITED’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 17.99 % year-on-year growth, however, there was a minor increase of 64.89 % from the previous quarter. Expenses rose by 18.83 % compared to the previous year, with a 67.06 % increase quarter-on-quarter. Operating Profit dropped by -0.83 % annually, and saw a 22.11 % increase from the last quarter.
Net Profit showed yearly decrease of -16.85 %, and experienced a 59.14 % increase from the previous quarter. Earnings Per Share (EPS) fell by -16.85 % annually, however rose by 118.79 % compared to the last quarter. In essence, while SAL AUTOMOTIVE 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.
