![[fetch_key]](https://stocktradeupdates.com/wp-content/uploads/new_logos/SHARIKA.png)
Share the post "SHARIKA ENTERPRISES ‘s Q2 Update: Profit Falls by 64.55% Year-on-Year"
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 111.36 % in the past year, substantial increase in net sales/revenue by 36.03 %.
- 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 35.14 %. Marginal increase in other income during this quarter, up by 92.31%.
- Profit over the Year and quarter: Significant improvement in profitability for SHARIKA ENTERPRISES LIMITED. Notable increase of 65.01 % in net profit Year to Year, SHARIKA ENTERPRISES LIMITED’s profitability increased by 25.69 % in this quarter.
- EPS over the Year and quarter: EPS increased by 61.36 % Year to Year. EPS increased by 24.56 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 11.571 Cr | Rs. 17.979 Cr | Rs. 24.456 Cr | + 36.03 % | + 111.36 % |
| Expenses | Rs. 14.17 Cr | Rs. 19.99 Cr | Rs. 26.9 Cr | + 34.57 % | + 89.84 % |
| Operating Profit | Rs. -2.6 Cr | Rs. -2.01 Cr | Rs. -2.44 Cr | -21.39 % | + 6.15 % |
| OPM % | -22.47 % | -11.18 % | -9.98 % | + 1.2 % | + 12.49 % |
| Other Income | Rs. 0.037 Cr | Rs. 0.026 Cr | Rs. 0.05 Cr | + 92.31 % | + 35.14 % |
| Interest | Rs. 0.34 Cr | Rs. 0.34 Cr | Rs. 0.37 Cr | + 8.82 % | + 8.82 % |
| Depreciation | Rs. 0.19 Cr | Rs. 0.15 Cr | Rs. 0.16 Cr | + 6.67 % | -15.79 % |
| Profit before tax | Rs. -3.09 Cr | Rs. -2.47 Cr | Rs. -2.92 Cr | -18.22 % | + 5.5 % |
| Tax % | -39.06 % | -0.04 % | -6.46 % | -6.42 % | + 32.6 % |
| Net Profit | Rs. -1.89 Cr | Rs. -2.48 Cr | Rs. -3.11 Cr | -25.4 % | -64.55 % |
| EPS in Rs | Rs. -0.44 | Rs. -0.57 | Rs. -0.71 | -24.56 % | -61.36 % |
Today, we’re looking at SHARIKA ENTERPRISES LIMITED’s financial performance for the Q2(Sep 2024-25).Starting with the top line, the company reported a robust year-over-year sales growth of 111.36 %. However, it did see a marginal increase of 36.03 % from the previous quarter. Expenses ticked up slightly by 34.57 % quarter-on-quarter, aligning with the annual rise of 89.84 %. Operating profit, while up 6.15 % compared to last year, faced a quarter-on-quarter dip of -21.39 %, 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 12.49 %, but an expansion of 1.2 % sequentially. Other income rose by 92.31 % compared to the last quarter, despite an annual growth of 35.14 %. Interest expenses surged remarkably by 8.82 % from the previous quarter, yet the year-over-year increase remains at a moderate 8.82 %. Depreciation costs climbed by 6.67 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -15.79 %. Profit before tax grew annually by 5.5 % but saw a reduction from the preceding quarter by -18.22 %.
Tax expenses as a percentage of profits increased slightly by 32.6 % compared to last year, with a more notable quarter-on-quarter decrease of -6.42 %. Net profit fell by -64.55 % year-on-year but witnessed a -25.4 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -61.36 % but a quarterly fall of -24.56 %. 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. 11.571 Cr | Rs. 17.979 Cr | Rs. 24.456 Cr | + 36.03 % | + 111.36 % |
| Expenses | Rs. 14.17 Cr | Rs. 19.99 Cr | Rs. 26.9 Cr | + 34.57 % | + 89.84 % |
| Operating Profit | Rs. -2.6 Cr | Rs. -2.01 Cr | Rs. -2.44 Cr | -21.39 % | + 6.15 % |
| Net Profit | Rs. -1.89 Cr | Rs. -2.48 Cr | Rs. -3.11 Cr | -25.4 % | -64.55 % |
| EPS in Rs | Rs. -0.44 | Rs. -0.57 | Rs. -0.71 | -24.56 % | -61.36 % |
In reviewing SHARIKA ENTERPRISES LIMITED’s 2024-25(Q2) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 111.36 % year-on-year growth, however, there was a minor increase of 36.03 % from the previous quarter. Expenses rose by 89.84 % compared to the previous year, with a 34.57 % increase quarter-on-quarter. Operating Profit surged by 6.15 % annually, and saw a -21.39 % decrease from the last quarter.
Net Profit showed yearly decrease of -64.55 %, and experienced a -25.4 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -61.36 % annually, however dipped by -24.56 % compared to the last quarter. In essence, while SHARIKA ENTERPRISES LIMITED 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.
[my_shortcode1 values=”SHARIKA ENTERPRISES LIMITED”]
