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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’s sales declined by -1.02 % over the year, decrease in net sales/revenue by -21.73 %.
- 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 31.85 %. Marginal increase in other income during this quarter, up by 8.92%.
- Profit over the Year and quarter: Challenges in sustaining profitability for Seshasayee Paper & Boards Ltd.,. Profit dropped by -48.43 % Year to Year, Seshasayee Paper & Boards Ltd.,’s profitability dropped by -34.9 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -48.45 % Year to Year. EPS decreased by -34.96 % 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. 426.57 Cr | Rs. 539.43 Cr | Rs. 422.23 Cr | -21.73 % | -1.02 % |
| Expenses | Rs. 331.47 Cr | Rs. 471.69 Cr | Rs. 374.42 Cr | -20.62 % | + 12.96 % |
| Operating Profit | Rs. 95.1 Cr | Rs. 67.74 Cr | Rs. 47.81 Cr | -29.42 % | -49.73 % |
| OPM % | 22.29 % | 12.56 % | 11.32 % | -1.24 % | -10.97 % |
| Other Income | Rs. 11.02 Cr | Rs. 13.34 Cr | Rs. 14.53 Cr | + 8.92 % | + 31.85 % |
| Interest | Rs. 0.5 Cr | Rs. 0.64 Cr | Rs. 1.02 Cr | + 59.38 % | + 104 % |
| Depreciation | Rs. 11.45 Cr | Rs. 10.6 Cr | Rs. 11.46 Cr | + 8.11 % | + 0.09 % |
| Profit before tax | Rs. 94.17 Cr | Rs. 69.84 Cr | Rs. 49.86 Cr | -28.61 % | -47.05 % |
| Tax % | 25.78 % | 23.94 % | 26.31 % | + 2.37 % | + 0.53 % |
| Net Profit | Rs. 71.75 Cr | Rs. 56.84 Cr | Rs. 37 Cr | -34.9 % | -48.43 % |
| EPS in Rs | Rs. 11.91 | Rs. 9.44 | Rs. 6.14 | -34.96 % | -48.45 % |
Today, we’re looking at Seshasayee Paper & Boards Ltd.,’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -1.02 %. However, it did see a marginal slip of -21.73 % from the previous quarter. Expenses decreased slightly by -20.62 % quarter-on-quarter, aligning with the annual rise of 12.96 %. Operating profit, while down -49.73 % compared to last year, faced a quarter-on-quarter dip of -29.42 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -10.97 %, but a shrinkage of -1.24 % sequentially. Other income rose by 8.92 % compared to the last quarter, despite an annual growth of 31.85 %. Interest expenses surged remarkably by 59.38 % from the previous quarter, yet the year-over-year increase remains at a moderate 104 %. Depreciation costs climbed by 8.11 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 0.09 %. Profit before tax declined annually by -47.05 % but saw a reduction from the preceding quarter by -28.61 %.
Tax expenses as a percentage of profits increased slightly by 0.53 % compared to last year, with a more notable quarter-on-quarter increase of 2.37 %. Net profit fell by -48.43 % year-on-year but witnessed a -34.9 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -48.45 % but a quarterly fall of -34.96 %. In summary, Seshasayee Paper & Boards 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. 426.57 Cr | Rs. 539.43 Cr | Rs. 422.23 Cr | -21.73 % | -1.02 % |
| Expenses | Rs. 331.47 Cr | Rs. 471.69 Cr | Rs. 374.42 Cr | -20.62 % | + 12.96 % |
| Operating Profit | Rs. 95.1 Cr | Rs. 67.74 Cr | Rs. 47.81 Cr | -29.42 % | -49.73 % |
| Net Profit | Rs. 71.75 Cr | Rs. 56.84 Cr | Rs. 37 Cr | -34.9 % | -48.43 % |
| EPS in Rs | Rs. 11.91 | Rs. 9.44 | Rs. 6.14 | -34.96 % | -48.45 % |
In reviewing Seshasayee Paper & Boards Ltd.,’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -1.02 % year-on-year, although there was a slight dip of -21.73 % from the previous quarter. Expenses rose by 12.96 % compared to the previous year, with a decrease of -20.62 % quarter-on-quarter. Operating Profit dropped by -49.73 % annually, and saw a -29.42 % decrease from the last quarter.
Net Profit showed yearly decrease of -48.43 %, and experienced a -34.9 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -48.45 % annually, however dipped by -34.96 % compared to the last quarter. In essence, while Seshasayee Paper & Boards 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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