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Satyam Silk Mills ‘s Q2 Report: Profit Decreases by 30% YoY

November 14, 2024November 14, 2024| adminadmin| 0 Comments| 9:20 pm
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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 either a marginal increase or a decline in other income over the past year which is 3.13 %. Marginal increase in other income during this quarter, up by 13.82%.
  • Profit over the Year and quarter: Challenges in sustaining profitability for Satyam Silk Mills Ltd. Profit dropped by -31.33 % Year to Year, Satyam Silk Mills Ltd’s profitability increased by 5.1 % in this quarter.
  • EPS over the Year and quarter: EPS declined by -31.48 % Year to Year. EPS increased by 4.72 % in previous quarter. Positive impact on shareholders.

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.

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. 0.09 Cr Rs. 0.17 Cr Rs. 0.22 Cr + 29.41 % + 144.44 %
Operating Profit Rs. -0.09 Cr Rs. -0.17 Cr Rs. -0.22 Cr -29.41 % -144.44 %
OPM % 0 % 0 % 0 % 0 % 0 %
Other Income Rs. 0.479 Cr Rs. 0.434 Cr Rs. 0.494 Cr + 13.82 % + 3.13 %
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. 0.39 Cr Rs. 0.26 Cr Rs. 0.27 Cr + 3.85 % -30.77 %
Tax % 22.62 % 25.19 % 25.36 % + 0.17 % + 2.74 %
Net Profit Rs. 0.3 Cr Rs. 0.2 Cr Rs. 0.21 Cr + 5 % -30 %
EPS in Rs Rs. 1.62 Rs. 1.06 Rs. 1.11 + 4.72 % -31.48 %


Today, we’re looking at Satyam Silk Mills Ltd’s financial performance for the Q2(Sep 2024-25).Expenses ticked up slightly by 29.41 % quarter-on-quarter, aligning with the annual rise of 144.44 %. Operating profit, while down -144.44 % compared to last year, faced a quarter-on-quarter dip of -29.41 %, signaling a short-term contraction in margins.
Other income rose by 13.82 % compared to the last quarter, despite an annual growth of 3.13 %. Profit before tax declined annually by -30.77 % but saw an increase from the preceding quarter by 3.85 %.
Tax expenses as a percentage of profits increased slightly by 2.74 % compared to last year, with a more notable quarter-on-quarter increase of 0.17 %. Net profit fell by -30 % year-on-year but experienced a 5 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -31.48 % but a quarterly rise of 4.72 %. 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.

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. 0.09 Cr Rs. 0.17 Cr Rs. 0.22 Cr + 29.41 % + 144.44 %
Operating Profit Rs. -0.09 Cr Rs. -0.17 Cr Rs. -0.22 Cr -29.41 % -144.44 %
Net Profit Rs. 0.3 Cr Rs. 0.2 Cr Rs. 0.21 Cr + 5 % -30 %
EPS in Rs Rs. 1.62 Rs. 1.06 Rs. 1.11 + 4.72 % -31.48 %


In reviewing Satyam Silk Mills Ltd’s 2024-25(Q2) financial snapshot, key trends emerge, shedding light on the company’s performance.Expenses rose by 144.44 % compared to the previous year, with a 29.41 % increase quarter-on-quarter. Operating Profit dropped by -144.44 % annually, and saw a -29.41 % decrease from the last quarter.
Net Profit showed yearly decrease of -30 %, and experienced a 5 % increase from the previous quarter. Earnings Per Share (EPS) fell by -31.48 % annually, however rose by 4.72 % compared to the last quarter. In essence, while Satyam Silk Mills 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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