Share the post "Samkrg Pistons and Rings : Q4 2024 Financial Quarterly Report : YoY Sales Up 22.59 %, QoQ Up 8.41 %"
Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 22.59 % in the past year, substantial increase in net sales/revenue by 8.41 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -71.74 %, Marginal decrease of -40.91% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Samkrg Pistons and Rings Ltd.. Notable increase of 123.32 % in net profit Year to Year, Samkrg Pistons and Rings Ltd.’s profitability increased by 22.71 % in this quarter.
- EPS over the Year and quarter: EPS increased by 128.40 % Year to Year. EPS increased by 22.8 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 53.492 Cr | Rs. 60.487 Cr | Rs. 65.575 Cr | + 8.41 % | + 22.59 % |
| Expenses | Rs. 44.88 Cr | Rs. 51.44 Cr | Rs. 54.12 Cr | + 5.21 % | + 20.59 % |
| Operating Profit | Rs. 8.61 Cr | Rs. 9.05 Cr | Rs. 11.46 Cr | + 26.63 % | + 33.1 % |
| OPM % | 16.1 % | 14.96 % | 17.48 % | + 2.52 % | + 1.38 % |
| Other Income | Rs. 0.92 Cr | Rs. 0.44 Cr | Rs. 0.26 Cr | -40.91 % | -71.74 % |
| Interest | Rs. 1.62 Cr | Rs. 0.82 Cr | Rs. 0.93 Cr | + 13.41 % | -42.59 % |
| Depreciation | Rs. 4.1 Cr | Rs. 2.74 Cr | Rs. 3.54 Cr | + 29.2 % | -13.66 % |
| Profit before tax | Rs. 3.81 Cr | Rs. 5.93 Cr | Rs. 7.25 Cr | + 22.26 % | + 90.29 % |
| Tax % | 34.13 % | 22.82 % | 22.71 % | -0.11 % | -11.42 % |
| Net Profit | Rs. 2.51 Cr | Rs. 4.57 Cr | Rs. 5.6 Cr | + 22.54 % | + 123.11 % |
| EPS in Rs | Rs. 2.5 | Rs. 4.65 | Rs. 5.71 | + 22.8 % | + 128.4 % |
Today, we’re looking at Samkrg Pistons and Rings Ltd.’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 22.59 %. However, it did see a marginal increase of 8.41 % from the previous quarter. Expenses ticked up slightly by 5.21 % quarter-on-quarter, aligning with the annual rise of 20.59 %. Operating profit, while up 33.1 % compared to last year, faced a quarter-on-quarter increase of 26.63 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 1.38 %, but an expansion of 2.52 % sequentially. Other income fell by -40.91 % compared to the last quarter, despite an annual decline of -71.74 %. Interest expenses surged remarkably by 13.41 % from the previous quarter, yet the year-over-year decrease remains at a moderate -42.59 %. Depreciation costs climbed by 29.2 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -13.66 %. Profit before tax grew annually by 90.29 % but saw an increase from the preceding quarter by 22.26 %.
Tax expenses as a percentage of profits decreased slightly by -11.42 % compared to last year, with a more notable quarter-on-quarter decrease of -0.11 %. Net profit rose by 123.11 % year-on-year but experienced a 22.54 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 128.4 % but a quarterly rise of 22.8 %. 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. 53.492 Cr | Rs. 60.487 Cr | Rs. 65.575 Cr | + 8.41 % | + 22.59 % |
| Expenses | Rs. 44.88 Cr | Rs. 51.44 Cr | Rs. 54.12 Cr | + 5.21 % | + 20.59 % |
| Operating Profit | Rs. 8.61 Cr | Rs. 9.05 Cr | Rs. 11.46 Cr | + 26.63 % | + 33.1 % |
| Net Profit | Rs. 2.51 Cr | Rs. 4.57 Cr | Rs. 5.6 Cr | + 22.54 % | + 123.11 % |
| EPS in Rs | Rs. 2.5 | Rs. 4.65 | Rs. 5.71 | + 22.8 % | + 128.4 % |
In reviewing Samkrg Pistons and Rings Ltd.’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 22.59 % year-on-year growth, however, there was a minor increase of 8.41 % from the previous quarter. Expenses rose by 20.59 % compared to the previous year, with a 5.21 % increase quarter-on-quarter. Operating Profit surged by 33.1 % annually, and saw a 26.63 % increase from the last quarter.
Net Profit showed yearly increase of 123.11 %, and experienced a 22.54 % increase from the previous quarter. Earnings Per Share (EPS) rose by 128.4 % annually, however rose by 22.8 % compared to the last quarter. In essence, while Samkrg Pistons and Rings Ltd. exhibits strong annual growth 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.
