Satyam Silk Mills ‘s Q1 Update: Profit Grows by 185.71% YoY

The comprehensive analytics outlining the performance and outlook of Satyam Silk Mills Ltd‘s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

Today, we’re looking at Satyam Silk Mills Ltd’s financial performance for the Q1(Jun 2024).Expenses decreased slightly by -50 % quarter-on-quarter, aligning with the annual rise of 88.89 %. Operating profit, while down -88.89 % compared to last year, faced a quarter-on-quarter increase of 50 %, signaling a short-term expansion in margins.
Other income fell by -1.59 % compared to the last quarter, despite an annual growth of 138.46 %. Profit before tax grew annually by 188.89 % but saw an increase from the preceding quarter by 160 %.
Tax expenses as a percentage of profits decreased slightly by -0.07 % compared to last year, with a more notable quarter-on-quarter decrease of -0.52 %. Net profit rose by 185.71 % year-on-year but experienced a 150 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 116.33 % but a quarterly rise of 152.38 %. In summary, Satyam Silk Mills Ltd’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.

In reviewing Satyam Silk Mills Ltd’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Expenses rose by 88.89 % compared to the previous year, with a decrease of -50 % quarter-on-quarter. Operating Profit dropped by -88.89 % annually, and saw a 50 % increase from the last quarter.
Net Profit showed yearly increase of 185.71 %, and experienced a 150 % increase from the previous quarter. Earnings Per Share (EPS) rose by 116.33 % annually, however rose by 152.38 % compared to the last quarter. In essence, while Satyam Silk Mills 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.