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SHARIKA ENTERPRISES : Q4 2024 Financial Quarterly Report : YoY Sales Up 37.23 %, QoQ Up 20.1 %

July 3, 2024July 3, 2024| adminadmin| 0 Comments| 5:15 pm
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Highlights

  • Sales over the Year and quarter: The company experienced a substantial growth of 37.23 % in the past year, substantial increase in net sales/revenue by 20.1 %.
  • Income over the Year and quarter: There has been decline in other income over the past year which is -84.21 %, Marginal decrease of % in other income during this quarter.
  • Profit over the Year and quarter: Significant improvement in profitability for SHARIKA ENTERPRISES LIMITED. Notable increase of 458.62 % in net profit Year to Year, SHARIKA ENTERPRISES LIMITED’s profitability dropped by -510.93 % Quarter to Quarter.
  • EPS over the Year and quarter: EPS increased by 456.25 % Year to Year. EPS decreased by -513.95 % in previous quarter. Analysis needed for shareholder value.

The comprehensive analytics outlining the performance and outlook of SHARIKA ENTERPRISES LIMITED”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. 21.394 Cr Rs. 24.446 Cr Rs. 29.359 Cr + 20.1 % + 37.23 %
Expenses Rs. 19.41 Cr Rs. 25.88 Cr Rs. 20.62 Cr -20.32 % + 6.23 %
Operating Profit Rs. 1.98 Cr Rs. -1.43 Cr Rs. 8.74 Cr + 711.19 % + 341.41 %
OPM % 9.25 % -5.85 % 29.77 % + 35.62 % + 20.52 %
Other Income Rs. 0.19 Cr Rs. 0 Cr Rs. 0.03 Cr 0 % -84.21 %
Interest Rs. 0.43 Cr Rs. 0.33 Cr Rs. 0.4 Cr + 21.21 % -6.98 %
Depreciation Rs. 0.15 Cr Rs. 0.2 Cr Rs. 0.27 Cr + 35 % + 80 %
Profit before tax Rs. 1.59 Cr Rs. -1.96 Cr Rs. 8.1 Cr + 513.27 % + 409.43 %
Tax % 13.37 % -4.48 % 4.85 % + 9.33 % -8.52 %
Net Profit Rs. 1.38 Cr Rs. -1.88 Cr Rs. 7.71 Cr + 510.11 % + 458.7 %
EPS in Rs Rs. 0.32 Rs. -0.43 Rs. 1.78 + 513.95 % + 456.25 %


Today, we’re looking at SHARIKA ENTERPRISES LIMITED’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 37.23 %. However, it did see a marginal increase of 20.1 % from the previous quarter. Expenses decreased slightly by -20.32 % quarter-on-quarter, aligning with the annual rise of 6.23 %. Operating profit, while up 341.41 % compared to last year, faced a quarter-on-quarter increase of 711.19 %, 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 20.52 %, but an expansion of 35.62 % sequentially. despite an annual decline of -84.21 %. Interest expenses surged remarkably by 21.21 % from the previous quarter, yet the year-over-year decrease remains at a moderate -6.98 %. Depreciation costs climbed by 35 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 80 %. Profit before tax grew annually by 409.43 % but saw an increase from the preceding quarter by 513.27 %.
Tax expenses as a percentage of profits decreased slightly by -8.52 % compared to last year, with a more notable quarter-on-quarter increase of 9.33 %. Net profit rose by 458.7 % year-on-year but experienced a 510.11 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 456.25 % but a quarterly rise of 513.95 %. 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. 21.394 Cr Rs. 24.446 Cr Rs. 29.359 Cr + 20.1 % + 37.23 %
Expenses Rs. 19.41 Cr Rs. 25.88 Cr Rs. 20.62 Cr -20.32 % + 6.23 %
Operating Profit Rs. 1.98 Cr Rs. -1.43 Cr Rs. 8.74 Cr + 711.19 % + 341.41 %
Net Profit Rs. 1.38 Cr Rs. -1.88 Cr Rs. 7.71 Cr + 510.11 % + 458.7 %
EPS in Rs Rs. 0.32 Rs. -0.43 Rs. 1.78 + 513.95 % + 456.25 %


In reviewing SHARIKA ENTERPRISES LIMITED’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 37.23 % year-on-year growth, however, there was a minor increase of 20.1 % from the previous quarter. Expenses rose by 6.23 % compared to the previous year, with a decrease of -20.32 % quarter-on-quarter. Operating Profit surged by 341.41 % annually, and saw a 711.19 % increase from the last quarter.
Net Profit showed yearly increase of 458.7 %, and experienced a 510.11 % increase from the previous quarter. Earnings Per Share (EPS) rose by 456.25 % annually, however rose by 513.95 % compared to the last quarter. In essence, while SHARIKA ENTERPRISES LIMITED 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.

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