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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 37.78 % in the past year, decrease in net sales/revenue by -38.76 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -98.58 %, Marginal decrease of -13.33% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for SHARIKA ENTERPRISES LIMITED. Notable increase of 2.57 % in net profit Year to Year, SHARIKA ENTERPRISES LIMITED’s profitability dropped by -132.12 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 1.79 % Year to Year. EPS decreased by -132.02 % 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. 13.049 Cr | Rs. 29.359 Cr | Rs. 17.979 Cr | -38.76 % | + 37.78 % |
| Expenses | Rs. 16.54 Cr | Rs. 20.62 Cr | Rs. 19.99 Cr | -3.06 % | + 20.86 % |
| Operating Profit | Rs. -3.49 Cr | Rs. 8.74 Cr | Rs. -2.01 Cr | -123 % | + 42.41 % |
| OPM % | -26.75 % | 29.77 % | -11.18 % | -40.95 % | + 15.57 % |
| Other Income | Rs. 1.835 Cr | Rs. 0.03 Cr | Rs. 0.026 Cr | -13.33 % | -98.58 % |
| Interest | Rs. 0.27 Cr | Rs. 0.4 Cr | Rs. 0.34 Cr | -15 % | + 25.93 % |
| Depreciation | Rs. 0.08 Cr | Rs. 0.27 Cr | Rs. 0.15 Cr | -44.44 % | + 87.5 % |
| Profit before tax | Rs. -2.01 Cr | Rs. 8.1 Cr | Rs. -2.47 Cr | -130.49 % | -22.89 % |
| Tax % | -20.16 % | 4.85 % | -0.04 % | -4.89 % | + 20.12 % |
| Net Profit | Rs. -2.41 Cr | Rs. 7.71 Cr | Rs. -2.48 Cr | -132.17 % | -2.9 % |
| EPS in Rs | Rs. -0.56 | Rs. 1.78 | Rs. -0.57 | -132.02 % | -1.79 % |
Today, we’re looking at SHARIKA ENTERPRISES LIMITED’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 37.78 %. However, it did see a marginal slip of -38.76 % from the previous quarter. Expenses decreased slightly by -3.06 % quarter-on-quarter, aligning with the annual rise of 20.86 %. Operating profit, while up 42.41 % compared to last year, faced a quarter-on-quarter dip of -123 %, 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 15.57 %, but a shrinkage of -40.95 % sequentially. Other income fell by -13.33 % compared to the last quarter, despite an annual decline of -98.58 %. Interest expenses dropped significantly by -15 % from the previous quarter, yet the year-over-year increase remains at a moderate 25.93 %. Depreciation costs fell by -44.44 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 87.5 %. Profit before tax declined annually by -22.89 % but saw a reduction from the preceding quarter by -130.49 %.
Tax expenses as a percentage of profits increased slightly by 20.12 % compared to last year, with a more notable quarter-on-quarter decrease of -4.89 %. Net profit fell by -2.9 % year-on-year but witnessed a -132.17 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -1.79 % but a quarterly fall of -132.02 %. In summary, SHARIKA ENTERPRISES LIMITED’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. 13.049 Cr | Rs. 29.359 Cr | Rs. 17.979 Cr | -38.76 % | + 37.78 % |
| Expenses | Rs. 16.54 Cr | Rs. 20.62 Cr | Rs. 19.99 Cr | -3.06 % | + 20.86 % |
| Operating Profit | Rs. -3.49 Cr | Rs. 8.74 Cr | Rs. -2.01 Cr | -123 % | + 42.41 % |
| Net Profit | Rs. -2.41 Cr | Rs. 7.71 Cr | Rs. -2.48 Cr | -132.17 % | -2.9 % |
| EPS in Rs | Rs. -0.56 | Rs. 1.78 | Rs. -0.57 | -132.02 % | -1.79 % |
In reviewing SHARIKA ENTERPRISES LIMITED’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 37.78 % year-on-year growth, although there was a slight dip of -38.76 % from the previous quarter. Expenses rose by 20.86 % compared to the previous year, with a decrease of -3.06 % quarter-on-quarter. Operating Profit surged by 42.41 % annually, and saw a -123 % decrease from the last quarter.
Net Profit showed yearly decrease of -2.9 %, and experienced a -132.17 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -1.79 % annually, however dipped by -132.02 % compared to the last quarter. In essence, while SHARIKA ENTERPRISES LIMITED 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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