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Highlights
- The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company experienced a substantial growth of 3.82 % in the past year, decrease in net sales/revenue by -1.83 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -0.47 %, Marginal decrease of -28.66% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Savita Oil Technologies Limited. Profit dropped by -28.4 % Year to Year, Savita Oil Technologies Limited’s profitability increased by 29.36 % in this quarter.
- EPS over the Year and quarter: EPS declined by -28.32 % Year to Year. EPS increased by 29.37 % in previous quarter. Positive impact on shareholders.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 920.318 Cr | Rs. 973.311 Cr | Rs. 955.496 Cr | -1.83 % | + 3.82 % |
Expenses | Rs. 851.31 Cr | Rs. 941.39 Cr | Rs. 908.3 Cr | -3.52 % | + 6.69 % |
Operating Profit | Rs. 69.01 Cr | Rs. 31.92 Cr | Rs. 47.2 Cr | + 47.87 % | -31.6 % |
OPM % | 7.5 % | 3.28 % | 4.94 % | + 1.66 % | -2.56 % |
Other Income | Rs. 17.087 Cr | Rs. 23.838 Cr | Rs. 17.007 Cr | -28.66 % | -0.47 % |
Interest | Rs. 8.52 Cr | Rs. 10.09 Cr | Rs. 7.08 Cr | -29.83 % | -16.9 % |
Depreciation | Rs. 4.68 Cr | Rs. 6.7 Cr | Rs. 5.8 Cr | -13.43 % | + 23.93 % |
Profit before tax | Rs. 72.9 Cr | Rs. 38.97 Cr | Rs. 51.33 Cr | + 31.72 % | -29.59 % |
Tax % | 23.67 % | 20.95 % | 22.37 % | + 1.42 % | -1.3 % |
Net Profit | Rs. 55.64 Cr | Rs. 30.8 Cr | Rs. 39.84 Cr | + 29.35 % | -28.4 % |
EPS in Rs | Rs. 8.05 | Rs. 4.46 | Rs. 5.77 | + 29.37 % | -28.32 % |
Today, we’re looking at Savita Oil Technologies 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 3.82 %. However, it did see a marginal slip of -1.83 % from the previous quarter. Expenses decreased slightly by -3.52 % quarter-on-quarter, aligning with the annual rise of 6.69 %. Operating profit, while down -31.6 % compared to last year, faced a quarter-on-quarter increase of 47.87 %, 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 -2.56 %, but an expansion of 1.66 % sequentially. Other income fell by -28.66 % compared to the last quarter, despite an annual decline of -0.47 %. Interest expenses dropped significantly by -29.83 % from the previous quarter, yet the year-over-year decrease remains at a moderate -16.9 %. Depreciation costs fell by -13.43 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 23.93 %. Profit before tax declined annually by -29.59 % but saw an increase from the preceding quarter by 31.72 %.
Tax expenses as a percentage of profits decreased slightly by -1.3 % compared to last year, with a more notable quarter-on-quarter increase of 1.42 %. Net profit fell by -28.4 % year-on-year but experienced a 29.35 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -28.32 % but a quarterly rise of 29.37 %. In summary, Savita Oil Technologies 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. 920.318 Cr | Rs. 973.311 Cr | Rs. 955.496 Cr | -1.83 % | + 3.82 % |
Expenses | Rs. 851.31 Cr | Rs. 941.39 Cr | Rs. 908.3 Cr | -3.52 % | + 6.69 % |
Operating Profit | Rs. 69.01 Cr | Rs. 31.92 Cr | Rs. 47.2 Cr | + 47.87 % | -31.6 % |
Net Profit | Rs. 55.64 Cr | Rs. 30.8 Cr | Rs. 39.84 Cr | + 29.35 % | -28.4 % |
EPS in Rs | Rs. 8.05 | Rs. 4.46 | Rs. 5.77 | + 29.37 % | -28.32 % |
In reviewing Savita Oil Technologies Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 3.82 % year-on-year growth, although there was a slight dip of -1.83 % from the previous quarter. Expenses rose by 6.69 % compared to the previous year, with a decrease of -3.52 % quarter-on-quarter. Operating Profit dropped by -31.6 % annually, and saw a 47.87 % increase from the last quarter.
Net Profit showed yearly decrease of -28.4 %, and experienced a 29.35 % increase from the previous quarter. Earnings Per Share (EPS) fell by -28.32 % annually, however rose by 29.37 % compared to the last quarter. In essence, while Savita Oil Technologies 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.
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