Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 87.84 % in the past year, substantial increase in net sales/revenue by 10.82 %.
- 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 343.75 %. Marginal decrease of -46.11% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Seamec Ltd. Profit dropped by -1234.19 % Year to Year, Seamec Ltd’s profitability dropped by -6.52 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -1,136.00 % Year to Year. EPS decreased by -6.58 % 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. 125.84 Cr | Rs. 213.31 Cr | Rs. 236.38 Cr | + 10.82 % | + 87.84 % |
| Expenses | Rs. 98.98 Cr | Rs. 122.68 Cr | Rs. 149.08 Cr | + 21.52 % | + 50.62 % |
| Operating Profit | Rs. 26.86 Cr | Rs. 90.63 Cr | Rs. 87.3 Cr | -3.67 % | + 225.02 % |
| OPM % | 21.34 % | 42.49 % | 36.93 % | -5.56 % | + 15.59 % |
| Other Income | Rs. -1.28 Cr | Rs. 5.79 Cr | Rs. 3.12 Cr | -46.11 % | + 343.75 % |
| Interest | Rs. 1.2 Cr | Rs. 4.49 Cr | Rs. 5.08 Cr | + 13.14 % | + 323.33 % |
| Depreciation | Rs. 31.44 Cr | Rs. 33.88 Cr | Rs. 35.27 Cr | + 4.1 % | + 12.18 % |
| Profit before tax | Rs. -7.06 Cr | Rs. 58.05 Cr | Rs. 50.07 Cr | -13.75 % | + 809.21 % |
| Tax % | -34.14 % | 2.81 % | 5.33 % | + 2.52 % | + 39.47 % |
| Net Profit | Rs. -4.65 Cr | Rs. 56.42 Cr | Rs. 52.74 Cr | -6.52 % | + 1234.19 % |
| EPS in Rs | Rs. -2 | Rs. 22.18 | Rs. 20.72 | -6.58 % | + 1136 % |
Today, we’re looking at Seamec Ltd’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 87.84 %. However, it did see a marginal increase of 10.82 % from the previous quarter. Expenses ticked up slightly by 21.52 % quarter-on-quarter, aligning with the annual rise of 50.62 %. Operating profit, while up 225.02 % compared to last year, faced a quarter-on-quarter dip of -3.67 %, 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 15.59 %, but a shrinkage of -5.56 % sequentially. Other income fell by -46.11 % compared to the last quarter, despite an annual growth of 343.75 %. Interest expenses surged remarkably by 13.14 % from the previous quarter, yet the year-over-year increase remains at a moderate 323.33 %. Depreciation costs climbed by 4.1 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 12.18 %. Profit before tax grew annually by 809.21 % but saw a reduction from the preceding quarter by -13.75 %.
Tax expenses as a percentage of profits increased slightly by 39.47 % compared to last year, with a more notable quarter-on-quarter increase of 2.52 %. Net profit rose by 1234.19 % year-on-year but witnessed a -6.52 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 1136 % but a quarterly fall of -6.58 %. In summary, Seamec 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. 125.84 Cr | Rs. 213.31 Cr | Rs. 236.38 Cr | + 10.82 % | + 87.84 % |
| Expenses | Rs. 98.98 Cr | Rs. 122.68 Cr | Rs. 149.08 Cr | + 21.52 % | + 50.62 % |
| Operating Profit | Rs. 26.86 Cr | Rs. 90.63 Cr | Rs. 87.3 Cr | -3.67 % | + 225.02 % |
| Net Profit | Rs. -4.65 Cr | Rs. 56.42 Cr | Rs. 52.74 Cr | -6.52 % | + 1234.19 % |
| EPS in Rs | Rs. -2 | Rs. 22.18 | Rs. 20.72 | -6.58 % | + 1136 % |
In reviewing Seamec Ltd’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 87.84 % year-on-year growth, however, there was a minor increase of 10.82 % from the previous quarter. Expenses rose by 50.62 % compared to the previous year, with a 21.52 % increase quarter-on-quarter. Operating Profit surged by 225.02 % annually, and saw a -3.67 % decrease from the last quarter.
Net Profit showed yearly increase of 1234.19 %, and experienced a -6.52 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 1136 % annually, however dipped by -6.58 % compared to the last quarter. In essence, while Seamec Ltd exhibits strong annual growth indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.
