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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 12.45 % in the past year, substantial increase in net sales/revenue by 38.93 %.
- 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 71.1 %. Marginal increase in other income during this quarter, up by 306.99%.
- Profit over the Year and quarter: Significant improvement in profitability for Sharat Industries Ltd.. Notable increase of 69.97 % in net profit Year to Year, Sharat Industries Ltd.’s profitability increased by 758.43 % in this quarter.
- EPS over the Year and quarter: EPS increased by 70.67 % Year to Year. EPS increased by 753.33 % in previous quarter. Positive impact on shareholders.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 79.899 Cr | Rs. 64.672 Cr | Rs. 89.848 Cr | + 38.93 % | + 12.45 % |
Expenses | Rs. 74.12 Cr | Rs. 61.14 Cr | Rs. 82.46 Cr | + 34.87 % | + 11.25 % |
Operating Profit | Rs. 5.78 Cr | Rs. 3.53 Cr | Rs. 7.39 Cr | + 109.35 % | + 27.85 % |
OPM % | 7.23 % | 5.46 % | 8.23 % | + 2.77 % | + 1 % |
Other Income | Rs. 0.173 Cr | Rs. -0.143 Cr | Rs. 0.296 Cr | + 306.99 % | + 71.1 % |
Interest | Rs. 2.31 Cr | Rs. 2.16 Cr | Rs. 2.24 Cr | + 3.7 % | -3.03 % |
Depreciation | Rs. 1.15 Cr | Rs. 1.2 Cr | Rs. 1.21 Cr | + 0.83 % | + 5.22 % |
Profit before tax | Rs. 2.49 Cr | Rs. 0.03 Cr | Rs. 4.24 Cr | + 14033.33 % | + 70.28 % |
Tax % | 27.81 % | 978.79 % | 27.82 % | -950.97 % | + 0.01 % |
Net Profit | Rs. 1.8 Cr | Rs. 0.36 Cr | Rs. 3.06 Cr | + 750 % | + 70 % |
EPS in Rs | Rs. 0.75 | Rs. 0.15 | Rs. 1.28 | + 753.33 % | + 70.67 % |
Today, we’re looking at Sharat Industries 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 12.45 %. However, it did see a marginal increase of 38.93 % from the previous quarter. Expenses ticked up slightly by 34.87 % quarter-on-quarter, aligning with the annual rise of 11.25 %. Operating profit, while up 27.85 % compared to last year, faced a quarter-on-quarter increase of 109.35 %, 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 1 %, but an expansion of 2.77 % sequentially. Other income rose by 306.99 % compared to the last quarter, despite an annual growth of 71.1 %. Interest expenses surged remarkably by 3.7 % from the previous quarter, yet the year-over-year decrease remains at a moderate -3.03 %. Depreciation costs climbed by 0.83 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 5.22 %. Profit before tax grew annually by 70.28 % but saw an increase from the preceding quarter by 14033.33 %.
Tax expenses as a percentage of profits increased slightly by 0.01 % compared to last year, with a more notable quarter-on-quarter decrease of -950.97 %. Net profit rose by 70 % year-on-year but experienced a 750 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 70.67 % but a quarterly rise of 753.33 %. In summary, Sharat 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. 79.899 Cr | Rs. 64.672 Cr | Rs. 89.848 Cr | + 38.93 % | + 12.45 % |
Expenses | Rs. 74.12 Cr | Rs. 61.14 Cr | Rs. 82.46 Cr | + 34.87 % | + 11.25 % |
Operating Profit | Rs. 5.78 Cr | Rs. 3.53 Cr | Rs. 7.39 Cr | + 109.35 % | + 27.85 % |
Net Profit | Rs. 1.8 Cr | Rs. 0.36 Cr | Rs. 3.06 Cr | + 750 % | + 70 % |
EPS in Rs | Rs. 0.75 | Rs. 0.15 | Rs. 1.28 | + 753.33 % | + 70.67 % |
In reviewing Sharat Industries Ltd.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 12.45 % year-on-year growth, however, there was a minor increase of 38.93 % from the previous quarter. Expenses rose by 11.25 % compared to the previous year, with a 34.87 % increase quarter-on-quarter. Operating Profit surged by 27.85 % annually, and saw a 109.35 % increase from the last quarter.
Net Profit showed yearly increase of 70 %, and experienced a 750 % increase from the previous quarter. Earnings Per Share (EPS) rose by 70.67 % annually, however rose by 753.33 % compared to the last quarter. In essence, while Sharat Industries Ltd. 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.