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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 3.1 % in the past year, decrease in net sales/revenue by -8.97 %.
- 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 230.86 %. Marginal increase in other income during this quarter, up by 74.55%.
- Profit over the Year and quarter: Challenges in sustaining profitability for Sanghvi Movers Limited. Profit dropped by -2.74 % Year to Year, Sanghvi Movers Limited’s profitability dropped by -14.96 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -2.70 % Year to Year. EPS decreased by -14.96 % 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. 146.073 Cr | Rs. 165.444 Cr | Rs. 150.606 Cr | -8.97 % | + 3.1 % |
Expenses | Rs. 58 Cr | Rs. 73.36 Cr | Rs. 76.27 Cr | + 3.97 % | + 31.5 % |
Operating Profit | Rs. 88.07 Cr | Rs. 92.08 Cr | Rs. 74.34 Cr | -19.27 % | -15.59 % |
OPM % | 60.29 % | 55.66 % | 49.36 % | -6.3 % | -10.93 % |
Other Income | Rs. 6.031 Cr | Rs. 11.432 Cr | Rs. 19.954 Cr | + 74.55 % | + 230.86 % |
Interest | Rs. 5.47 Cr | Rs. 5.97 Cr | Rs. 6.06 Cr | + 1.51 % | + 10.79 % |
Depreciation | Rs. 32.57 Cr | Rs. 33.18 Cr | Rs. 32.54 Cr | -1.93 % | -0.09 % |
Profit before tax | Rs. 56.06 Cr | Rs. 64.36 Cr | Rs. 55.69 Cr | -13.47 % | -0.66 % |
Tax % | 25.56 % | 25.84 % | 27.1 % | + 1.26 % | + 1.54 % |
Net Profit | Rs. 41.74 Cr | Rs. 47.74 Cr | Rs. 40.59 Cr | -14.98 % | -2.76 % |
EPS in Rs | Rs. 9.64 | Rs. 11.03 | Rs. 9.38 | -14.96 % | -2.7 % |
Today, we’re looking at Sanghvi Movers 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 3.1 %. However, it did see a marginal slip of -8.97 % from the previous quarter. Expenses ticked up slightly by 3.97 % quarter-on-quarter, aligning with the annual rise of 31.5 %. Operating profit, while down -15.59 % compared to last year, faced a quarter-on-quarter dip of -19.27 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -10.93 %, but a shrinkage of -6.3 % sequentially. Other income rose by 74.55 % compared to the last quarter, despite an annual growth of 230.86 %. Interest expenses surged remarkably by 1.51 % from the previous quarter, yet the year-over-year increase remains at a moderate 10.79 %. Depreciation costs fell by -1.93 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -0.09 %. Profit before tax declined annually by -0.66 % but saw a reduction from the preceding quarter by -13.47 %.
Tax expenses as a percentage of profits increased slightly by 1.54 % compared to last year, with a more notable quarter-on-quarter increase of 1.26 %. Net profit fell by -2.76 % year-on-year but witnessed a -14.98 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -2.7 % but a quarterly fall of -14.96 %. In summary, Sanghvi Movers 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. 146.073 Cr | Rs. 165.444 Cr | Rs. 150.606 Cr | -8.97 % | + 3.1 % |
Expenses | Rs. 58 Cr | Rs. 73.36 Cr | Rs. 76.27 Cr | + 3.97 % | + 31.5 % |
Operating Profit | Rs. 88.07 Cr | Rs. 92.08 Cr | Rs. 74.34 Cr | -19.27 % | -15.59 % |
Net Profit | Rs. 41.74 Cr | Rs. 47.74 Cr | Rs. 40.59 Cr | -14.98 % | -2.76 % |
EPS in Rs | Rs. 9.64 | Rs. 11.03 | Rs. 9.38 | -14.96 % | -2.7 % |
In reviewing Sanghvi Movers Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 3.1 % year-on-year growth, although there was a slight dip of -8.97 % from the previous quarter. Expenses rose by 31.5 % compared to the previous year, with a 3.97 % increase quarter-on-quarter. Operating Profit dropped by -15.59 % annually, and saw a -19.27 % decrease from the last quarter.
Net Profit showed yearly decrease of -2.76 %, and experienced a -14.98 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -2.7 % annually, however dipped by -14.96 % compared to the last quarter. In essence, while Sanghvi Movers Limited faces strong annual decline indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.