Share the post "Samrat Forgings ‘s Q1 Results: Profit Drops by 4.96% YoY"
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 3.42 % in the past year, substantial increase in net sales/revenue by 14.46 %.
- 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 14.81 %. Marginal decrease of -65.32% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Samrat Forgings Limited. Profit dropped by -5.45 % Year to Year, Samrat Forgings Limited’s profitability increased by 107.61 % in this quarter.
- EPS over the Year and quarter: EPS declined by -5.65 % Year to Year. EPS increased by 106.98 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 43.661 Cr | Rs. 39.45 Cr | Rs. 45.154 Cr | + 14.46 % | + 3.42 % |
| Expenses | Rs. 39.92 Cr | Rs. 36.47 Cr | Rs. 41.15 Cr | + 12.83 % | + 3.08 % |
| Operating Profit | Rs. 3.74 Cr | Rs. 2.98 Cr | Rs. 4 Cr | + 34.23 % | + 6.95 % |
| OPM % | 8.57 % | 7.55 % | 8.86 % | + 1.31 % | + 0.29 % |
| Other Income | Rs. 0.135 Cr | Rs. 0.447 Cr | Rs. 0.155 Cr | -65.32 % | + 14.81 % |
| Interest | Rs. 1.49 Cr | Rs. 1.53 Cr | Rs. 1.62 Cr | + 5.88 % | + 8.72 % |
| Depreciation | Rs. 0.86 Cr | Rs. 0.91 Cr | Rs. 0.93 Cr | + 2.2 % | + 8.14 % |
| Profit before tax | Rs. 1.53 Cr | Rs. 0.99 Cr | Rs. 1.61 Cr | + 62.63 % | + 5.23 % |
| Tax % | 6.91 % | 34.55 % | 16.75 % | -17.8 % | + 9.84 % |
| Net Profit | Rs. 1.41 Cr | Rs. 0.64 Cr | Rs. 1.34 Cr | + 109.38 % | -4.96 % |
| EPS in Rs | Rs. 2.83 | Rs. 1.29 | Rs. 2.67 | + 106.98 % | -5.65 % |
Today, we’re looking at Samrat Forgings 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 3.42 %. However, it did see a marginal increase of 14.46 % from the previous quarter. Expenses ticked up slightly by 12.83 % quarter-on-quarter, aligning with the annual rise of 3.08 %. Operating profit, while up 6.95 % compared to last year, faced a quarter-on-quarter increase of 34.23 %, 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 0.29 %, but an expansion of 1.31 % sequentially. Other income fell by -65.32 % compared to the last quarter, despite an annual growth of 14.81 %. Interest expenses surged remarkably by 5.88 % from the previous quarter, yet the year-over-year increase remains at a moderate 8.72 %. Depreciation costs climbed by 2.2 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 8.14 %. Profit before tax grew annually by 5.23 % but saw an increase from the preceding quarter by 62.63 %.
Tax expenses as a percentage of profits increased slightly by 9.84 % compared to last year, with a more notable quarter-on-quarter decrease of -17.8 %. Net profit fell by -4.96 % year-on-year but experienced a 109.38 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -5.65 % but a quarterly rise of 106.98 %. In summary, Samrat Forgings 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. 43.661 Cr | Rs. 39.45 Cr | Rs. 45.154 Cr | + 14.46 % | + 3.42 % |
| Expenses | Rs. 39.92 Cr | Rs. 36.47 Cr | Rs. 41.15 Cr | + 12.83 % | + 3.08 % |
| Operating Profit | Rs. 3.74 Cr | Rs. 2.98 Cr | Rs. 4 Cr | + 34.23 % | + 6.95 % |
| Net Profit | Rs. 1.41 Cr | Rs. 0.64 Cr | Rs. 1.34 Cr | + 109.38 % | -4.96 % |
| EPS in Rs | Rs. 2.83 | Rs. 1.29 | Rs. 2.67 | + 106.98 % | -5.65 % |
In reviewing Samrat Forgings Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 3.42 % year-on-year growth, however, there was a minor increase of 14.46 % from the previous quarter. Expenses rose by 3.08 % compared to the previous year, with a 12.83 % increase quarter-on-quarter. Operating Profit surged by 6.95 % annually, and saw a 34.23 % increase from the last quarter.
Net Profit showed yearly decrease of -4.96 %, and experienced a 109.38 % increase from the previous quarter. Earnings Per Share (EPS) fell by -5.65 % annually, however rose by 106.98 % compared to the last quarter. In essence, while Samrat Forgings Limited 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.
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