Highlights
- Sales over the Year and quarter: The company’s sales declined by -6.46 % over the year, substantial increase in net sales/revenue by 17.09 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -45.54 %, Marginal increase in other income during this quarter, up by 1425%.
- Profit over the Year and quarter: Significant improvement in profitability for Scan Steels Limited. Notable increase of 245.11 % in net profit Year to Year, Scan Steels Limited’s profitability increased by 415.58 % in this quarter.
- EPS over the Year and quarter: EPS increased by 244.44 % Year to Year. EPS increased by 416.67 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 274.722 Cr | Rs. 219.476 Cr | Rs. 256.983 Cr | + 17.09 % | -6.46 % |
| Expenses | Rs. 258.86 Cr | Rs. 210.84 Cr | Rs. 240.8 Cr | + 14.21 % | -6.98 % |
| Operating Profit | Rs. 15.86 Cr | Rs. 8.64 Cr | Rs. 16.18 Cr | + 87.27 % | + 2.02 % |
| OPM % | 5.77 % | 3.94 % | 6.3 % | + 2.36 % | + 0.53 % |
| Other Income | Rs. 2.24 Cr | Rs. 0.08 Cr | Rs. 1.22 Cr | + 1425 % | -45.54 % |
| Interest | Rs. 10.82 Cr | Rs. 2.69 Cr | Rs. 2.45 Cr | -8.92 % | -77.36 % |
| Depreciation | Rs. 3.52 Cr | Rs. 3.85 Cr | Rs. 3.86 Cr | + 0.26 % | + 9.66 % |
| Profit before tax | Rs. 3.76 Cr | Rs. 2.18 Cr | Rs. 11.09 Cr | + 408.72 % | + 194.95 % |
| Tax % | 37.55 % | 28.01 % | 26.92 % | -1.09 % | -10.63 % |
| Net Profit | Rs. 2.35 Cr | Rs. 1.57 Cr | Rs. 8.11 Cr | + 416.56 % | + 245.11 % |
| EPS in Rs | Rs. 0.45 | Rs. 0.3 | Rs. 1.54 | + 413.33 % | + 242.22 % |
Today, we’re looking at Scan Steels Limited’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -6.46 %. However, it did see a marginal increase of 17.09 % from the previous quarter. Expenses ticked up slightly by 14.21 % quarter-on-quarter, aligning with the annual decline of -6.98 %. Operating profit, while up 2.02 % compared to last year, faced a quarter-on-quarter increase of 87.27 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 0.53 %, but an expansion of 2.36 % sequentially. Other income rose by 1425 % compared to the last quarter, despite an annual decline of -45.54 %. Interest expenses dropped significantly by -8.92 % from the previous quarter, yet the year-over-year decrease remains at a moderate -77.36 %. Depreciation costs climbed by 0.26 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 9.66 %. Profit before tax grew annually by 194.95 % but saw an increase from the preceding quarter by 408.72 %.
Tax expenses as a percentage of profits decreased slightly by -10.63 % compared to last year, with a more notable quarter-on-quarter decrease of -1.09 %. Net profit rose by 245.11 % year-on-year but experienced a 416.56 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 242.22 % but a quarterly rise of 413.33 %. In summary, Scan Steels 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. 274.722 Cr | Rs. 219.476 Cr | Rs. 256.983 Cr | + 17.09 % | -6.46 % |
| Expenses | Rs. 258.86 Cr | Rs. 210.84 Cr | Rs. 240.8 Cr | + 14.21 % | -6.98 % |
| Operating Profit | Rs. 15.86 Cr | Rs. 8.64 Cr | Rs. 16.18 Cr | + 87.27 % | + 2.02 % |
| Net Profit | Rs. 2.35 Cr | Rs. 1.57 Cr | Rs. 8.11 Cr | + 416.56 % | + 245.11 % |
| EPS in Rs | Rs. 0.45 | Rs. 0.3 | Rs. 1.54 | + 413.33 % | + 242.22 % |
In reviewing Scan Steels Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -6.46 % year-on-year, however, there was a minor increase of 17.09 % from the previous quarter. Expenses decreased by -6.98 % compared to the previous year, with a 14.21 % increase quarter-on-quarter. Operating Profit surged by 2.02 % annually, and saw a 87.27 % increase from the last quarter.
Net Profit showed yearly increase of 245.11 %, and experienced a 416.56 % increase from the previous quarter. Earnings Per Share (EPS) rose by 242.22 % annually, however rose by 413.33 % compared to the last quarter. In essence, while Scan Steels Limited 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.
