Share the post "Sanmitra Commercial ‘s Q1 Update: Profit Falls by 50% Year-on-Year"
Highlights
- The presented financial data is Standalone to provide a comprehensive overview of the company performance.
- Income over the Year and quarter: There has been decline in other income over the past year which is -75 %, Marginal decrease of -98.51% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Sanmitra Commercial Ltd.,. Notable increase of 45 % in net profit Year to Year, Sanmitra Commercial Ltd.,’s profitability dropped by -119.86 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 44.44 % Year to Year. EPS decreased by -119.7 % 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. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Expenses | Rs. 0.03 Cr | Rs. 0.06 Cr | Rs. 0.03 Cr | -50 % | + 0 % |
| Operating Profit | Rs. -0.03 Cr | Rs. -0.06 Cr | Rs. -0.03 Cr | + 50 % | + 0 % |
| OPM % | 0 % | 0 % | 0 % | 0 % | 0 % |
| Other Income | Rs. 0.012 Cr | Rs. 0.202 Cr | Rs. 0.003 Cr | -98.51 % | -75 % |
| Interest | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Depreciation | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Profit before tax | Rs. -0.02 Cr | Rs. 0.14 Cr | Rs. -0.03 Cr | -121.43 % | -50 % |
| Tax % | -0 % | 0 % | -0 % | 0 % | 0 % |
| Net Profit | Rs. -0.02 Cr | Rs. 0.15 Cr | Rs. -0.03 Cr | -120 % | -50 % |
| EPS in Rs | Rs. -0.18 | Rs. 1.32 | Rs. -0.26 | -119.7 % | -44.44 % |
Today, we’re looking at Sanmitra Commercial Ltd.,’s financial performance for the Q1(Jun 2024).Expenses decreased slightly by -50 % quarter-on-quarter, aligning with the annual rise of 0 %. Operating profit, while up 0 % compared to last year, faced a quarter-on-quarter increase of 50 %, signaling a short-term expansion in margins.
Other income fell by -98.51 % compared to the last quarter, despite an annual decline of -75 %. Profit before tax declined annually by -50 % but saw a reduction from the preceding quarter by -121.43 %.
Net profit fell by -50 % year-on-year but witnessed a -120 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -44.44 % but a quarterly fall of -119.7 %. In summary, Sanmitra Commercial 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. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Expenses | Rs. 0.03 Cr | Rs. 0.06 Cr | Rs. 0.03 Cr | -50 % | + 0 % |
| Operating Profit | Rs. -0.03 Cr | Rs. -0.06 Cr | Rs. -0.03 Cr | + 50 % | + 0 % |
| Net Profit | Rs. -0.02 Cr | Rs. 0.15 Cr | Rs. -0.03 Cr | -120 % | -50 % |
| EPS in Rs | Rs. -0.18 | Rs. 1.32 | Rs. -0.26 | -119.7 % | -44.44 % |
In reviewing Sanmitra Commercial Ltd.,’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Expenses rose by 0 % compared to the previous year, with a decrease of -50 % quarter-on-quarter. Operating Profit surged by 0 % annually, and saw a 50 % increase from the last quarter.
Net Profit showed yearly decrease of -50 %, and experienced a -120 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -44.44 % annually, however dipped by -119.7 % compared to the last quarter. In essence, while Sanmitra Commercial Ltd., 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.
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