Share the post "Shish Industries : Q1 2024 Financial Quarterly Report : YoY Sales Up 31 %, QoQ Down 1.11 %"
Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 31 % in the past year, decrease in net sales/revenue by -1.11 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -34.86 %, Marginal increase in other income during this quarter, up by 20.34%.
- Profit over the Year and quarter: Significant improvement in profitability for Shish Industries Limited. Notable increase of 64.47 % in net profit Year to Year, Shish Industries Limited’s profitability dropped by -14.49 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -47.89 % Year to Year. EPS decreased by -35.65 % 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. 17.611 Cr | Rs. 23.328 Cr | Rs. 23.07 Cr | -1.11 % | + 31 % |
| Expenses | Rs. 16.15 Cr | Rs. 18.62 Cr | Rs. 19.16 Cr | + 2.9 % | + 18.64 % |
| Operating Profit | Rs. 1.46 Cr | Rs. 4.71 Cr | Rs. 3.91 Cr | -16.99 % | + 167.81 % |
| OPM % | 8.29 % | 20.19 % | 16.95 % | -3.24 % | + 8.66 % |
| Other Income | Rs. 1.09 Cr | Rs. 0.59 Cr | Rs. 0.71 Cr | + 20.34 % | -34.86 % |
| Interest | Rs. 0.21 Cr | Rs. 0.31 Cr | Rs. 0.45 Cr | + 45.16 % | + 114.29 % |
| Depreciation | Rs. 0.29 Cr | Rs. 0.47 Cr | Rs. 0.73 Cr | + 55.32 % | + 151.72 % |
| Profit before tax | Rs. 2.05 Cr | Rs. 4.52 Cr | Rs. 3.44 Cr | -23.89 % | + 67.8 % |
| Tax % | 22.86 % | 32.28 % | 23.88 % | -8.4 % | + 1.02 % |
| Net Profit | Rs. 1.59 Cr | Rs. 3.06 Cr | Rs. 2.62 Cr | -14.38 % | + 64.78 % |
| EPS in Rs | Rs. 1.42 | Rs. 1.15 | Rs. 0.74 | -35.65 % | -47.89 % |
Today, we’re looking at Shish Industries 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 31 %. However, it did see a marginal slip of -1.11 % from the previous quarter. Expenses ticked up slightly by 2.9 % quarter-on-quarter, aligning with the annual rise of 18.64 %. Operating profit, while up 167.81 % compared to last year, faced a quarter-on-quarter dip of -16.99 %, 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 8.66 %, but a shrinkage of -3.24 % sequentially. Other income rose by 20.34 % compared to the last quarter, despite an annual decline of -34.86 %. Interest expenses surged remarkably by 45.16 % from the previous quarter, yet the year-over-year increase remains at a moderate 114.29 %. Depreciation costs climbed by 55.32 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 151.72 %. Profit before tax grew annually by 67.8 % but saw a reduction from the preceding quarter by -23.89 %.
Tax expenses as a percentage of profits increased slightly by 1.02 % compared to last year, with a more notable quarter-on-quarter decrease of -8.4 %. Net profit rose by 64.78 % year-on-year but witnessed a -14.38 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -47.89 % but a quarterly fall of -35.65 %. In summary, Shish Industries 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. 17.611 Cr | Rs. 23.328 Cr | Rs. 23.07 Cr | -1.11 % | + 31 % |
| Expenses | Rs. 16.15 Cr | Rs. 18.62 Cr | Rs. 19.16 Cr | + 2.9 % | + 18.64 % |
| Operating Profit | Rs. 1.46 Cr | Rs. 4.71 Cr | Rs. 3.91 Cr | -16.99 % | + 167.81 % |
| Net Profit | Rs. 1.59 Cr | Rs. 3.06 Cr | Rs. 2.62 Cr | -14.38 % | + 64.78 % |
| EPS in Rs | Rs. 1.42 | Rs. 1.15 | Rs. 0.74 | -35.65 % | -47.89 % |
In reviewing Shish Industries Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 31 % year-on-year growth, although there was a slight dip of -1.11 % from the previous quarter. Expenses rose by 18.64 % compared to the previous year, with a 2.9 % increase quarter-on-quarter. Operating Profit surged by 167.81 % annually, and saw a -16.99 % decrease from the last quarter.
Net Profit showed yearly increase of 64.78 %, and experienced a -14.38 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -47.89 % annually, however dipped by -35.65 % compared to the last quarter. In essence, while Shish Industries 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.
