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Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 300.97 % in the past year, substantial increase in net sales/revenue by 22.63 %.
- 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 0 %. Marginal decrease of % in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Shree Ganesh Elastoplast Ltd. Profit dropped by -39.12 % Year to Year, Shree Ganesh Elastoplast Ltd’s profitability dropped by -168.03 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -39.10 % Year to Year. EPS decreased by -167.95 % 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. 2.058 Cr | Rs. 6.729 Cr | Rs. 8.252 Cr | + 22.63 % | + 300.97 % |
| Expenses | Rs. 3.61 Cr | Rs. 4.93 Cr | Rs. 9.5 Cr | + 92.7 % | + 163.16 % |
| Operating Profit | Rs. -1.55 Cr | Rs. 1.8 Cr | Rs. -1.25 Cr | -169.44 % | + 19.35 % |
| OPM % | -75.32 % | 26.75 % | -15.15 % | -41.9 % | + 60.17 % |
| Other Income | Rs. 0.02 Cr | Rs. -0 Cr | Rs. 0.02 Cr | 0 % | + 0 % |
| Interest | Rs. 0.02 Cr | Rs. 0 Cr | Rs. 0.07 Cr | 0 % | + 250 % |
| Depreciation | Rs. 0.04 Cr | Rs. 0.02 Cr | Rs. 0.05 Cr | + 150 % | + 25 % |
| Profit before tax | Rs. -1.59 Cr | Rs. 1.78 Cr | Rs. -1.35 Cr | -175.84 % | + 15.09 % |
| Tax % | -0.5 % | 20.24 % | -27.94 % | -48.18 % | -27.44 % |
| Net Profit | Rs. -1.59 Cr | Rs. 1.42 Cr | Rs. -0.97 Cr | -168.31 % | + 38.99 % |
| EPS in Rs | Rs. -2.89 | Rs. 2.59 | Rs. -1.76 | -167.95 % | + 39.1 % |
Today, we’re looking at Shree Ganesh Elastoplast Ltd’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 300.97 %. However, it did see a marginal increase of 22.63 % from the previous quarter. Expenses ticked up slightly by 92.7 % quarter-on-quarter, aligning with the annual rise of 163.16 %. Operating profit, while up 19.35 % compared to last year, faced a quarter-on-quarter dip of -169.44 %, 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 60.17 %, but a shrinkage of -41.9 % sequentially. despite an annual growth of 0 %. yet the year-over-year increase remains at a moderate 250 %. Depreciation costs climbed by 150 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 25 %. Profit before tax grew annually by 15.09 % but saw a reduction from the preceding quarter by -175.84 %.
Tax expenses as a percentage of profits decreased slightly by -27.44 % compared to last year, with a more notable quarter-on-quarter decrease of -48.18 %. Net profit rose by 38.99 % year-on-year but witnessed a -168.31 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 39.1 % but a quarterly fall of -167.95 %. In summary, Shree Ganesh Elastoplast 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. 2.058 Cr | Rs. 6.729 Cr | Rs. 8.252 Cr | + 22.63 % | + 300.97 % |
| Expenses | Rs. 3.61 Cr | Rs. 4.93 Cr | Rs. 9.5 Cr | + 92.7 % | + 163.16 % |
| Operating Profit | Rs. -1.55 Cr | Rs. 1.8 Cr | Rs. -1.25 Cr | -169.44 % | + 19.35 % |
| Net Profit | Rs. -1.59 Cr | Rs. 1.42 Cr | Rs. -0.97 Cr | -168.31 % | + 38.99 % |
| EPS in Rs | Rs. -2.89 | Rs. 2.59 | Rs. -1.76 | -167.95 % | + 39.1 % |
In reviewing Shree Ganesh Elastoplast Ltd’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 300.97 % year-on-year growth, however, there was a minor increase of 22.63 % from the previous quarter. Expenses rose by 163.16 % compared to the previous year, with a 92.7 % increase quarter-on-quarter. Operating Profit surged by 19.35 % annually, and saw a -169.44 % decrease from the last quarter.
Net Profit showed yearly increase of 38.99 %, and experienced a -168.31 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 39.1 % annually, however dipped by -167.95 % compared to the last quarter. In essence, while Shree Ganesh Elastoplast Ltd 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.
