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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 14.04 % in the past year, substantial increase in net sales/revenue by 5.18 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -18.48 %, Marginal decrease of -54.78% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Shaily Engineering Plastics Ltd.. Notable increase of 38.13 % in net profit Year to Year, Shaily Engineering Plastics Ltd.’s profitability dropped by -9.97 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -72.34 % Year to Year. EPS decreased by -9.95 % 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. 157.305 Cr | Rs. 170.559 Cr | Rs. 179.388 Cr | + 5.18 % | + 14.04 % |
| Expenses | Rs. 130.52 Cr | Rs. 135.86 Cr | Rs. 143.96 Cr | + 5.96 % | + 10.3 % |
| Operating Profit | Rs. 26.79 Cr | Rs. 34.7 Cr | Rs. 35.43 Cr | + 2.1 % | + 32.25 % |
| OPM % | 17.03 % | 20.34 % | 19.75 % | -0.59 % | + 2.72 % |
| Other Income | Rs. 0.871 Cr | Rs. 1.57 Cr | Rs. 0.71 Cr | -54.78 % | -18.48 % |
| Interest | Rs. 3.9 Cr | Rs. 4.7 Cr | Rs. 4.36 Cr | -7.23 % | + 11.79 % |
| Depreciation | Rs. 8.17 Cr | Rs. 10 Cr | Rs. 10.14 Cr | + 1.4 % | + 24.11 % |
| Profit before tax | Rs. 15.59 Cr | Rs. 21.57 Cr | Rs. 21.64 Cr | + 0.32 % | + 38.81 % |
| Tax % | 19.11 % | 10.36 % | 19.52 % | + 9.16 % | + 0.41 % |
| Net Profit | Rs. 12.6 Cr | Rs. 19.34 Cr | Rs. 17.41 Cr | -9.98 % | + 38.17 % |
| EPS in Rs | Rs. 13.74 | Rs. 4.22 | Rs. 3.79 | -10.19 % | -72.42 % |
Today, we’re looking at Shaily Engineering Plastics 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 14.04 %. However, it did see a marginal increase of 5.18 % from the previous quarter. Expenses ticked up slightly by 5.96 % quarter-on-quarter, aligning with the annual rise of 10.3 %. Operating profit, while up 32.25 % compared to last year, faced a quarter-on-quarter increase of 2.1 %, 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 2.72 %, but a shrinkage of -0.59 % sequentially. Other income fell by -54.78 % compared to the last quarter, despite an annual decline of -18.48 %. Interest expenses dropped significantly by -7.23 % from the previous quarter, yet the year-over-year increase remains at a moderate 11.79 %. Depreciation costs climbed by 1.4 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 24.11 %. Profit before tax grew annually by 38.81 % but saw an increase from the preceding quarter by 0.32 %.
Tax expenses as a percentage of profits increased slightly by 0.41 % compared to last year, with a more notable quarter-on-quarter increase of 9.16 %. Net profit rose by 38.17 % year-on-year but witnessed a -9.98 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -72.42 % but a quarterly fall of -10.19 %. In summary, Shaily Engineering Plastics 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. 157.305 Cr | Rs. 170.559 Cr | Rs. 179.388 Cr | + 5.18 % | + 14.04 % |
| Expenses | Rs. 130.52 Cr | Rs. 135.86 Cr | Rs. 143.96 Cr | + 5.96 % | + 10.3 % |
| Operating Profit | Rs. 26.79 Cr | Rs. 34.7 Cr | Rs. 35.43 Cr | + 2.1 % | + 32.25 % |
| Net Profit | Rs. 12.6 Cr | Rs. 19.34 Cr | Rs. 17.41 Cr | -9.98 % | + 38.17 % |
| EPS in Rs | Rs. 13.74 | Rs. 4.22 | Rs. 3.79 | -10.19 % | -72.42 % |
In reviewing Shaily Engineering Plastics Ltd.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 14.04 % year-on-year growth, however, there was a minor increase of 5.18 % from the previous quarter. Expenses rose by 10.3 % compared to the previous year, with a 5.96 % increase quarter-on-quarter. Operating Profit surged by 32.25 % annually, and saw a 2.1 % increase from the last quarter.
Net Profit showed yearly increase of 38.17 %, and experienced a -9.98 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -72.42 % annually, however dipped by -10.19 % compared to the last quarter. In essence, while Shaily Engineering Plastics 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.
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