Share the post "SBEC Sugar ‘s Q1 Report: Profit Decreases by 2.49% YoY"
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 3.34 % in the past year, decrease in net sales/revenue by -40.97 %.
- 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 7600 %. Marginal decrease of -90.6% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for SBEC Sugar Ltd.. Notable increase of 2.49 % in net profit Year to Year, SBEC Sugar Ltd.’s profitability dropped by -138.08 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 2.78 % Year to Year. EPS decreased by -138.14 % 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. 136.608 Cr | Rs. 239.17 Cr | Rs. 141.174 Cr | -40.97 % | + 3.34 % |
| Expenses | Rs. 137.64 Cr | Rs. 190.3 Cr | Rs. 138.78 Cr | -27.07 % | + 0.83 % |
| Operating Profit | Rs. -1.03 Cr | Rs. 48.87 Cr | Rs. 2.39 Cr | -95.11 % | + 332.04 % |
| OPM % | -0.75 % | 20.43 % | 1.69 % | -18.74 % | + 2.44 % |
| Other Income | Rs. 0.001 Cr | Rs. 0.819 Cr | Rs. 0.077 Cr | -90.6 % | + 7600 % |
| Interest | Rs. 4.57 Cr | Rs. 8.22 Cr | Rs. 9.46 Cr | + 15.09 % | + 107 % |
| Depreciation | Rs. 5.29 Cr | Rs. 5.43 Cr | Rs. 5.34 Cr | -1.66 % | + 0.95 % |
| Profit before tax | Rs. -10.89 Cr | Rs. 36.04 Cr | Rs. -12.33 Cr | -134.21 % | -13.22 % |
| Tax % | -10.4 % | 10.16 % | -0 % | -10.16 % | + 10.4 % |
| Net Profit | Rs. -12.03 Cr | Rs. 32.38 Cr | Rs. -12.33 Cr | -138.08 % | -2.49 % |
| EPS in Rs | Rs. -2.52 | Rs. 6.79 | Rs. -2.59 | -138.14 % | -2.78 % |
Today, we’re looking at SBEC Sugar Ltd.’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 3.34 %. However, it did see a marginal slip of -40.97 % from the previous quarter. Expenses decreased slightly by -27.07 % quarter-on-quarter, aligning with the annual rise of 0.83 %. Operating profit, while up 332.04 % compared to last year, faced a quarter-on-quarter dip of -95.11 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 2.44 %, but a shrinkage of -18.74 % sequentially. Other income fell by -90.6 % compared to the last quarter, despite an annual growth of 7600 %. Interest expenses surged remarkably by 15.09 % from the previous quarter, yet the year-over-year increase remains at a moderate 107 %. Depreciation costs fell by -1.66 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 0.95 %. Profit before tax declined annually by -13.22 % but saw a reduction from the preceding quarter by -134.21 %.
Tax expenses as a percentage of profits increased slightly by 10.4 % compared to last year, with a more notable quarter-on-quarter decrease of -10.16 %. Net profit fell by -2.49 % year-on-year but witnessed a -138.08 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -2.78 % but a quarterly fall of -138.14 %. In summary, SBEC Sugar 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. 136.608 Cr | Rs. 239.17 Cr | Rs. 141.174 Cr | -40.97 % | + 3.34 % |
| Expenses | Rs. 137.64 Cr | Rs. 190.3 Cr | Rs. 138.78 Cr | -27.07 % | + 0.83 % |
| Operating Profit | Rs. -1.03 Cr | Rs. 48.87 Cr | Rs. 2.39 Cr | -95.11 % | + 332.04 % |
| Net Profit | Rs. -12.03 Cr | Rs. 32.38 Cr | Rs. -12.33 Cr | -138.08 % | -2.49 % |
| EPS in Rs | Rs. -2.52 | Rs. 6.79 | Rs. -2.59 | -138.14 % | -2.78 % |
In reviewing SBEC Sugar Ltd.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 3.34 % year-on-year growth, although there was a slight dip of -40.97 % from the previous quarter. Expenses rose by 0.83 % compared to the previous year, with a decrease of -27.07 % quarter-on-quarter. Operating Profit surged by 332.04 % annually, and saw a -95.11 % decrease from the last quarter.
Net Profit showed yearly decrease of -2.49 %, and experienced a -138.08 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -2.78 % annually, however dipped by -138.14 % compared to the last quarter. In essence, while SBEC Sugar 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.
[my_shortcode1]
