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Highlights
- Sales over the Year and quarter: The company’s sales declined by -0.39 % over the year, substantial increase in net sales/revenue by 5.36 %.
- 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 107.39 %. Marginal increase in other income during this quarter, up by 354.56%.
- Profit over the Year and quarter: Challenges in sustaining profitability for Shipping Corporation Of India Ltd. Profit dropped by -19.12 % Year to Year, Shipping Corporation Of India Ltd’s profitability increased by 128.72 % in this quarter.
- EPS over the Year and quarter: EPS declined by -19.12 % Year to Year. EPS increased by 129.17 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 1418.14 Cr | Rs. 1340.68 Cr | Rs. 1412.54 Cr | + 5.36 % | -0.39 % |
| Expenses | Rs. 953.62 Cr | Rs. 923.76 Cr | Rs. 1005.41 Cr | + 8.84 % | + 5.43 % |
| Operating Profit | Rs. 464.52 Cr | Rs. 416.92 Cr | Rs. 407.13 Cr | -2.35 % | -12.35 % |
| OPM % | 32.76 % | 31.1 % | 28.82 % | -2.28 % | -3.94 % |
| Other Income | Rs. 54.51 Cr | Rs. 24.87 Cr | Rs. 113.05 Cr | + 354.56 % | + 107.39 % |
| Interest | Rs. 49.57 Cr | Rs. 39.75 Cr | Rs. 40.45 Cr | + 1.76 % | -18.4 % |
| Depreciation | Rs. 195.82 Cr | Rs. 251.05 Cr | Rs. 240.68 Cr | -4.13 % | + 22.91 % |
| Profit before tax | Rs. 273.64 Cr | Rs. 150.99 Cr | Rs. 239.05 Cr | + 58.32 % | -12.64 % |
| Tax % | 41.94 % | 11.21 % | 30.52 % | + 19.31 % | -11.42 % |
| Net Profit | Rs. 379.91 Cr | Rs. 134.35 Cr | Rs. 307.28 Cr | + 128.72 % | -19.12 % |
| EPS in Rs | Rs. 8.16 | Rs. 2.88 | Rs. 6.6 | + 129.17 % | -19.12 % |
Today, we’re looking at Shipping Corporation Of India Ltd’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -0.39 %. However, it did see a marginal increase of 5.36 % from the previous quarter. Expenses ticked up slightly by 8.84 % quarter-on-quarter, aligning with the annual rise of 5.43 %. Operating profit, while down -12.35 % compared to last year, faced a quarter-on-quarter dip of -2.35 %, 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 -3.94 %, but a shrinkage of -2.28 % sequentially. Other income rose by 354.56 % compared to the last quarter, despite an annual growth of 107.39 %. Interest expenses surged remarkably by 1.76 % from the previous quarter, yet the year-over-year decrease remains at a moderate -18.4 %. Depreciation costs fell by -4.13 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 22.91 %. Profit before tax declined annually by -12.64 % but saw an increase from the preceding quarter by 58.32 %.
Tax expenses as a percentage of profits decreased slightly by -11.42 % compared to last year, with a more notable quarter-on-quarter increase of 19.31 %. Net profit fell by -19.12 % year-on-year but experienced a 128.72 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -19.12 % but a quarterly rise of 129.17 %. In summary, Shipping Corporation Of India 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. 1418.14 Cr | Rs. 1340.68 Cr | Rs. 1412.54 Cr | + 5.36 % | -0.39 % |
| Expenses | Rs. 953.62 Cr | Rs. 923.76 Cr | Rs. 1005.41 Cr | + 8.84 % | + 5.43 % |
| Operating Profit | Rs. 464.52 Cr | Rs. 416.92 Cr | Rs. 407.13 Cr | -2.35 % | -12.35 % |
| Net Profit | Rs. 379.91 Cr | Rs. 134.35 Cr | Rs. 307.28 Cr | + 128.72 % | -19.12 % |
| EPS in Rs | Rs. 8.16 | Rs. 2.88 | Rs. 6.6 | + 129.17 % | -19.12 % |
In reviewing Shipping Corporation Of India Ltd’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -0.39 % year-on-year, however, there was a minor increase of 5.36 % from the previous quarter. Expenses rose by 5.43 % compared to the previous year, with a 8.84 % increase quarter-on-quarter. Operating Profit dropped by -12.35 % annually, and saw a -2.35 % decrease from the last quarter.
Net Profit showed yearly decrease of -19.12 %, and experienced a 128.72 % increase from the previous quarter. Earnings Per Share (EPS) fell by -19.12 % annually, however rose by 129.17 % compared to the last quarter. In essence, while Shipping Corporation Of India Ltd faces strong annual decline 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.
