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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 5.18 % in the past year, decrease in net sales/revenue by -12.63 %.
- 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 56.19 %. Marginal increase in other income during this quarter, up by 24.71%.
- Profit over the Year and quarter: Significant improvement in profitability for Samkrg Pistons and Rings Ltd.. Notable increase of 66.2 % in net profit Year to Year, Samkrg Pistons and Rings Ltd.’s profitability dropped by -66.39 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 66.96 % Year to Year. EPS decreased by -66.37 % 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. 54.469 Cr | Rs. 65.575 Cr | Rs. 57.29 Cr | -12.63 % | + 5.18 % |
| Expenses | Rs. 49.45 Cr | Rs. 54.12 Cr | Rs. 50.27 Cr | -7.11 % | + 1.66 % |
| Operating Profit | Rs. 5.02 Cr | Rs. 11.46 Cr | Rs. 7.02 Cr | -38.74 % | + 39.84 % |
| OPM % | 9.22 % | 17.48 % | 12.25 % | -5.23 % | + 3.03 % |
| Other Income | Rs. 0.21 Cr | Rs. 0.263 Cr | Rs. 0.328 Cr | + 24.71 % | + 56.19 % |
| Interest | Rs. 0.8 Cr | Rs. 0.93 Cr | Rs. 1.25 Cr | + 34.41 % | + 56.25 % |
| Depreciation | Rs. 3 Cr | Rs. 3.54 Cr | Rs. 3.55 Cr | + 0.28 % | + 18.33 % |
| Profit before tax | Rs. 1.43 Cr | Rs. 7.25 Cr | Rs. 2.55 Cr | -64.83 % | + 78.32 % |
| Tax % | 20.94 % | 22.71 % | 26.19 % | + 3.48 % | + 5.25 % |
| Net Profit | Rs. 1.13 Cr | Rs. 5.6 Cr | Rs. 1.88 Cr | -66.43 % | + 66.37 % |
| EPS in Rs | Rs. 1.15 | Rs. 5.71 | Rs. 1.92 | -66.37 % | + 66.96 % |
Today, we’re looking at Samkrg Pistons and Rings Ltd.’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 5.18 %. However, it did see a marginal slip of -12.63 % from the previous quarter. Expenses decreased slightly by -7.11 % quarter-on-quarter, aligning with the annual rise of 1.66 %. Operating profit, while up 39.84 % compared to last year, faced a quarter-on-quarter dip of -38.74 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 3.03 %, but a shrinkage of -5.23 % sequentially. Other income rose by 24.71 % compared to the last quarter, despite an annual growth of 56.19 %. Interest expenses surged remarkably by 34.41 % from the previous quarter, yet the year-over-year increase remains at a moderate 56.25 %. Depreciation costs climbed by 0.28 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 18.33 %. Profit before tax grew annually by 78.32 % but saw a reduction from the preceding quarter by -64.83 %.
Tax expenses as a percentage of profits increased slightly by 5.25 % compared to last year, with a more notable quarter-on-quarter increase of 3.48 %. Net profit rose by 66.37 % year-on-year but witnessed a -66.43 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 66.96 % but a quarterly fall of -66.37 %. In summary, Samkrg Pistons and Rings 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. 54.469 Cr | Rs. 65.575 Cr | Rs. 57.29 Cr | -12.63 % | + 5.18 % |
| Expenses | Rs. 49.45 Cr | Rs. 54.12 Cr | Rs. 50.27 Cr | -7.11 % | + 1.66 % |
| Operating Profit | Rs. 5.02 Cr | Rs. 11.46 Cr | Rs. 7.02 Cr | -38.74 % | + 39.84 % |
| Net Profit | Rs. 1.13 Cr | Rs. 5.6 Cr | Rs. 1.88 Cr | -66.43 % | + 66.37 % |
| EPS in Rs | Rs. 1.15 | Rs. 5.71 | Rs. 1.92 | -66.37 % | + 66.96 % |
In reviewing Samkrg Pistons and Rings Ltd.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 5.18 % year-on-year growth, although there was a slight dip of -12.63 % from the previous quarter. Expenses rose by 1.66 % compared to the previous year, with a decrease of -7.11 % quarter-on-quarter. Operating Profit surged by 39.84 % annually, and saw a -38.74 % decrease from the last quarter.
Net Profit showed yearly increase of 66.37 %, and experienced a -66.43 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 66.96 % annually, however dipped by -66.37 % compared to the last quarter. In essence, while Samkrg Pistons and Rings Ltd. exhibits strong annual growth 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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