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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 25.53 % in the past year, decrease in net sales/revenue by -4.19 %.
- 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 361.75 %. Marginal decrease of -13.05% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Sheela Foam Limited. Notable increase of 7.59 % in net profit Year to Year, Sheela Foam Limited’s profitability dropped by -28.46 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -4.08 % Year to Year. EPS decreased by -28.79 % 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. 645.086 Cr | Rs. 845.15 Cr | Rs. 809.76 Cr | -4.19 % | + 25.53 % |
Expenses | Rs. 567.46 Cr | Rs. 767.63 Cr | Rs. 749.91 Cr | -2.31 % | + 32.15 % |
Operating Profit | Rs. 77.63 Cr | Rs. 77.52 Cr | Rs. 59.85 Cr | -22.79 % | -22.9 % |
OPM % | 12.03 % | 9.17 % | 7.39 % | -1.78 % | -4.64 % |
Other Income | Rs. 13.241 Cr | Rs. 70.32 Cr | Rs. 61.14 Cr | -13.05 % | + 361.75 % |
Interest | Rs. 7.89 Cr | Rs. 26.98 Cr | Rs. 28.23 Cr | + 4.63 % | + 257.79 % |
Depreciation | Rs. 22.66 Cr | Rs. 41.34 Cr | Rs. 39.51 Cr | -4.43 % | + 74.36 % |
Profit before tax | Rs. 60.32 Cr | Rs. 79.52 Cr | Rs. 53.25 Cr | -33.04 % | -11.72 % |
Tax % | 28.19 % | 17.41 % | 12.47 % | -4.94 % | -15.72 % |
Net Profit | Rs. 43.32 Cr | Rs. 65.15 Cr | Rs. 46.61 Cr | -28.46 % | + 7.59 % |
EPS in Rs | Rs. 4.41 | Rs. 5.94 | Rs. 4.23 | -28.79 % | -4.08 % |
Today, we’re looking at Sheela Foam 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 25.53 %. However, it did see a marginal slip of -4.19 % from the previous quarter. Expenses decreased slightly by -2.31 % quarter-on-quarter, aligning with the annual rise of 32.15 %. Operating profit, while down -22.9 % compared to last year, faced a quarter-on-quarter dip of -22.79 %, 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 -4.64 %, but a shrinkage of -1.78 % sequentially. Other income fell by -13.05 % compared to the last quarter, despite an annual growth of 361.75 %. Interest expenses surged remarkably by 4.63 % from the previous quarter, yet the year-over-year increase remains at a moderate 257.79 %. Depreciation costs fell by -4.43 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 74.36 %. Profit before tax declined annually by -11.72 % but saw a reduction from the preceding quarter by -33.04 %.
Tax expenses as a percentage of profits decreased slightly by -15.72 % compared to last year, with a more notable quarter-on-quarter decrease of -4.94 %. Net profit rose by 7.59 % year-on-year but witnessed a -28.46 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -4.08 % but a quarterly fall of -28.79 %. In summary, Sheela Foam 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. 645.086 Cr | Rs. 845.15 Cr | Rs. 809.76 Cr | -4.19 % | + 25.53 % |
Expenses | Rs. 567.46 Cr | Rs. 767.63 Cr | Rs. 749.91 Cr | -2.31 % | + 32.15 % |
Operating Profit | Rs. 77.63 Cr | Rs. 77.52 Cr | Rs. 59.85 Cr | -22.79 % | -22.9 % |
Net Profit | Rs. 43.32 Cr | Rs. 65.15 Cr | Rs. 46.61 Cr | -28.46 % | + 7.59 % |
EPS in Rs | Rs. 4.41 | Rs. 5.94 | Rs. 4.23 | -28.79 % | -4.08 % |
In reviewing Sheela Foam Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 25.53 % year-on-year growth, although there was a slight dip of -4.19 % from the previous quarter. Expenses rose by 32.15 % compared to the previous year, with a decrease of -2.31 % quarter-on-quarter. Operating Profit dropped by -22.9 % annually, and saw a -22.79 % decrease from the last quarter.
Net Profit showed yearly increase of 7.59 %, and experienced a -28.46 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -4.08 % annually, however dipped by -28.79 % compared to the last quarter. In essence, while Sheela Foam 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.