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Shalimar Wires Industries : Q4 2024 Financial Quarterly Report : YoY Sales Up 10.13 %, QoQ Up 16.57 %

June 24, 2024June 24, 2024| adminadmin| 0 Comments| 1:40 pm
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Highlights

  • Sales over the Year and quarter: The company experienced a substantial growth of 10.13 % in the past year, substantial increase in net sales/revenue by 16.57 %.
  • Income over the Year and quarter: There has been decline in other income over the past year which is -40.49 %, Marginal increase in other income during this quarter, up by 702.56%.
  • Profit over the Year and quarter: Challenges in sustaining profitability for Shalimar Wires Industries Ltd.. Profit dropped by -102.48 % Year to Year, Shalimar Wires Industries Ltd.’s profitability dropped by -90.54 % Quarter to Quarter.
  • EPS over the Year and quarter: EPS declined by -102.04 % Year to Year. EPS decreased by -92.31 % in previous quarter. Analysis needed for shareholder value.

The comprehensive analytics outlining the performance and outlook of Shalimar Wires Industries Ltd.”s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

Metrics Previous Year Previous Quarter Current Quarter Quarter to Quarter Difference Year to Year Difference
Sales Rs. 31.066 Cr Rs. 29.348 Cr Rs. 34.212 Cr + 16.57 % + 10.13 %
Expenses Rs. 25.4 Cr Rs. 24.39 Cr Rs. 33.27 Cr + 36.41 % + 30.98 %
Operating Profit Rs. 5.67 Cr Rs. 4.96 Cr Rs. 0.94 Cr -81.05 % -83.42 %
OPM % 18.25 % 16.9 % 2.75 % -14.15 % -15.5 %
Other Income Rs. 5.26 Cr Rs. 0.39 Cr Rs. 3.13 Cr + 702.56 % -40.49 %
Interest Rs. 5.97 Cr Rs. 3.45 Cr Rs. 2.23 Cr -35.36 % -62.65 %
Depreciation Rs. 2.59 Cr Rs. 3 Cr Rs. 3.92 Cr + 30.67 % + 51.35 %
Profit before tax Rs. 2.37 Cr Rs. -1.1 Cr Rs. -2.08 Cr -89.09 % -187.76 %
Tax % 0 % -0 % -0 % 0 % 0 %
Net Profit Rs. 4.19 Cr Rs. -1.1 Cr Rs. -0.1 Cr + 90.91 % -102.39 %
EPS in Rs Rs. 0.98 Rs. -0.26 Rs. -0.02 + 92.31 % -102.04 %


Today, we’re looking at Shalimar Wires Industries 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 10.13 %. However, it did see a marginal increase of 16.57 % from the previous quarter. Expenses ticked up slightly by 36.41 % quarter-on-quarter, aligning with the annual rise of 30.98 %. Operating profit, while down -83.42 % compared to last year, faced a quarter-on-quarter dip of -81.05 %, 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 -15.5 %, but a shrinkage of -14.15 % sequentially. Other income rose by 702.56 % compared to the last quarter, despite an annual decline of -40.49 %. Interest expenses dropped significantly by -35.36 % from the previous quarter, yet the year-over-year decrease remains at a moderate -62.65 %. Depreciation costs climbed by 30.67 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 51.35 %. Profit before tax declined annually by -187.76 % but saw a reduction from the preceding quarter by -89.09 %.
Net profit fell by -102.39 % year-on-year but experienced a 90.91 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -102.04 % but a quarterly rise of 92.31 %. In summary, Shalimar Wires Industries 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. 31.066 Cr Rs. 29.348 Cr Rs. 34.212 Cr + 16.57 % + 10.13 %
Expenses Rs. 25.4 Cr Rs. 24.39 Cr Rs. 33.27 Cr + 36.41 % + 30.98 %
Operating Profit Rs. 5.67 Cr Rs. 4.96 Cr Rs. 0.94 Cr -81.05 % -83.42 %
Net Profit Rs. 4.19 Cr Rs. -1.1 Cr Rs. -0.1 Cr + 90.91 % -102.39 %
EPS in Rs Rs. 0.98 Rs. -0.26 Rs. -0.02 + 92.31 % -102.04 %


In reviewing Shalimar Wires Industries Ltd.’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 10.13 % year-on-year growth, however, there was a minor increase of 16.57 % from the previous quarter. Expenses rose by 30.98 % compared to the previous year, with a 36.41 % increase quarter-on-quarter. Operating Profit dropped by -83.42 % annually, and saw a -81.05 % decrease from the last quarter.
Net Profit showed yearly decrease of -102.39 %, and experienced a 90.91 % increase from the previous quarter. Earnings Per Share (EPS) fell by -102.04 % annually, however rose by 92.31 % compared to the last quarter. In essence, while Shalimar Wires Industries Ltd. faces strong annual decline 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.

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