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Highlights
- The presented financial data is Standalone to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company’s sales declined by -18.03 % over the year, substantial increase in net sales/revenue by 25.33 %.
- 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 68.42 %. Marginal decrease of -5.88% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Shetron Ltd.. Profit dropped by -24.26 % Year to Year, Shetron Ltd.’s profitability increased by 36.61 % in this quarter.
- EPS over the Year and quarter: EPS declined by -24.11 % Year to Year. EPS increased by 37.1 % in previous quarter. Positive impact on shareholders.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 78.77 Cr | Rs. 51.52 Cr | Rs. 64.57 Cr | + 25.33 % | -18.03 % |
Expenses | Rs. 71.74 Cr | Rs. 46.82 Cr | Rs. 59.15 Cr | + 26.33 % | -17.55 % |
Operating Profit | Rs. 7.03 Cr | Rs. 4.7 Cr | Rs. 5.42 Cr | + 15.32 % | -22.9 % |
OPM % | 8.92 % | 9.12 % | 8.39 % | -0.73 % | -0.53 % |
Other Income | Rs. 0.19 Cr | Rs. 0.34 Cr | Rs. 0.32 Cr | -5.88 % | + 68.42 % |
Interest | Rs. 2.93 Cr | Rs. 1.77 Cr | Rs. 2.35 Cr | + 32.77 % | -19.8 % |
Depreciation | Rs. 1.52 Cr | Rs. 1.65 Cr | Rs. 1.47 Cr | -10.91 % | -3.29 % |
Profit before tax | Rs. 2.77 Cr | Rs. 1.62 Cr | Rs. 1.92 Cr | + 18.52 % | -30.69 % |
Tax % | 27.08 % | 30.86 % | 20.31 % | -10.55 % | -6.77 % |
Net Profit | Rs. 2.02 Cr | Rs. 1.12 Cr | Rs. 1.53 Cr | + 36.61 % | -24.26 % |
EPS in Rs | Rs. 2.24 | Rs. 1.24 | Rs. 1.7 | + 37.1 % | -24.11 % |
Today, we’re looking at Shetron Ltd.’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -18.03 %. However, it did see a marginal increase of 25.33 % from the previous quarter. Expenses ticked up slightly by 26.33 % quarter-on-quarter, aligning with the annual decline of -17.55 %. Operating profit, while down -22.9 % compared to last year, faced a quarter-on-quarter increase of 15.32 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -0.53 %, but a shrinkage of -0.73 % sequentially. Other income fell by -5.88 % compared to the last quarter, despite an annual growth of 68.42 %. Interest expenses surged remarkably by 32.77 % from the previous quarter, yet the year-over-year decrease remains at a moderate -19.8 %. Depreciation costs fell by -10.91 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -3.29 %. Profit before tax declined annually by -30.69 % but saw an increase from the preceding quarter by 18.52 %.
Tax expenses as a percentage of profits decreased slightly by -6.77 % compared to last year, with a more notable quarter-on-quarter decrease of -10.55 %. Net profit fell by -24.26 % year-on-year but experienced a 36.61 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -24.11 % but a quarterly rise of 37.1 %. In summary, Shetron 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. 78.77 Cr | Rs. 51.52 Cr | Rs. 64.57 Cr | + 25.33 % | -18.03 % |
Expenses | Rs. 71.74 Cr | Rs. 46.82 Cr | Rs. 59.15 Cr | + 26.33 % | -17.55 % |
Operating Profit | Rs. 7.03 Cr | Rs. 4.7 Cr | Rs. 5.42 Cr | + 15.32 % | -22.9 % |
Net Profit | Rs. 2.02 Cr | Rs. 1.12 Cr | Rs. 1.53 Cr | + 36.61 % | -24.26 % |
EPS in Rs | Rs. 2.24 | Rs. 1.24 | Rs. 1.7 | + 37.1 % | -24.11 % |
In reviewing Shetron Ltd.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -18.03 % year-on-year, however, there was a minor increase of 25.33 % from the previous quarter. Expenses decreased by -17.55 % compared to the previous year, with a 26.33 % increase quarter-on-quarter. Operating Profit dropped by -22.9 % annually, and saw a 15.32 % increase from the last quarter.
Net Profit showed yearly decrease of -24.26 %, and experienced a 36.61 % increase from the previous quarter. Earnings Per Share (EPS) fell by -24.11 % annually, however rose by 37.1 % compared to the last quarter. In essence, while Shetron 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.
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