Highlights
- Sales over the Year and quarter: The company’s sales declined by -12.77 % over the year, substantial increase in net sales/revenue by 17.48 %.
- 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 109.52 %. Marginal increase in other income during this quarter, up by 83.33%.
- Profit over the Year and quarter: Challenges in sustaining profitability for Samrat Forgings Limited. Profit dropped by -40.04 % Year to Year, Samrat Forgings Limited’s profitability increased by 464.91 % in this quarter.
- EPS over the Year and quarter: EPS declined by -40.00 % Year to Year. EPS increased by 460.87 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 45.225 Cr | Rs. 33.581 Cr | Rs. 39.45 Cr | + 17.48 % | -12.77 % |
| Expenses | Rs. 41.79 Cr | Rs. 31.46 Cr | Rs. 36.47 Cr | + 15.92 % | -12.73 % |
| Operating Profit | Rs. 3.44 Cr | Rs. 2.12 Cr | Rs. 2.98 Cr | + 40.57 % | -13.37 % |
| OPM % | 7.61 % | 6.31 % | 7.55 % | + 1.24 % | -0.06 % |
| Other Income | Rs. 0.21 Cr | Rs. 0.24 Cr | Rs. 0.44 Cr | + 83.33 % | + 109.52 % |
| Interest | Rs. 1.47 Cr | Rs. 1.18 Cr | Rs. 1.53 Cr | + 29.66 % | + 4.08 % |
| Depreciation | Rs. 0.82 Cr | Rs. 0.92 Cr | Rs. 0.91 Cr | -1.09 % | + 10.98 % |
| Profit before tax | Rs. 1.36 Cr | Rs. 0.26 Cr | Rs. 0.98 Cr | + 276.92 % | -27.94 % |
| Tax % | 21.15 % | 56.65 % | 34.55 % | -22.1 % | + 13.4 % |
| Net Profit | Rs. 1.07 Cr | Rs. 0.11 Cr | Rs. 0.64 Cr | + 481.82 % | -40.19 % |
| EPS in Rs | Rs. 2.15 | Rs. 0.23 | Rs. 1.29 | + 460.87 % | -40 % |
Today, we’re looking at Samrat Forgings Limited’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -12.77 %. However, it did see a marginal increase of 17.48 % from the previous quarter. Expenses ticked up slightly by 15.92 % quarter-on-quarter, aligning with the annual decline of -12.73 %. Operating profit, while down -13.37 % compared to last year, faced a quarter-on-quarter increase of 40.57 %, 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 -0.06 %, but an expansion of 1.24 % sequentially. Other income rose by 83.33 % compared to the last quarter, despite an annual growth of 109.52 %. Interest expenses surged remarkably by 29.66 % from the previous quarter, yet the year-over-year increase remains at a moderate 4.08 %. Depreciation costs fell by -1.09 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 10.98 %. Profit before tax declined annually by -27.94 % but saw an increase from the preceding quarter by 276.92 %.
Tax expenses as a percentage of profits increased slightly by 13.4 % compared to last year, with a more notable quarter-on-quarter decrease of -22.1 %. Net profit fell by -40.19 % year-on-year but experienced a 481.82 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -40 % but a quarterly rise of 460.87 %. 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. 45.225 Cr | Rs. 33.581 Cr | Rs. 39.45 Cr | + 17.48 % | -12.77 % |
| Expenses | Rs. 41.79 Cr | Rs. 31.46 Cr | Rs. 36.47 Cr | + 15.92 % | -12.73 % |
| Operating Profit | Rs. 3.44 Cr | Rs. 2.12 Cr | Rs. 2.98 Cr | + 40.57 % | -13.37 % |
| Net Profit | Rs. 1.07 Cr | Rs. 0.11 Cr | Rs. 0.64 Cr | + 481.82 % | -40.19 % |
| EPS in Rs | Rs. 2.15 | Rs. 0.23 | Rs. 1.29 | + 460.87 % | -40 % |
In reviewing Samrat Forgings Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -12.77 % year-on-year, however, there was a minor increase of 17.48 % from the previous quarter. Expenses decreased by -12.73 % compared to the previous year, with a 15.92 % increase quarter-on-quarter. Operating Profit dropped by -13.37 % annually, and saw a 40.57 % increase from the last quarter.
Net Profit showed yearly decrease of -40.19 %, and experienced a 481.82 % increase from the previous quarter. Earnings Per Share (EPS) fell by -40 % annually, however rose by 460.87 % compared to the last quarter. In essence, while Samrat Forgings 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.
