Share the post "Shree Krishna Paper Mills & Industr’s Q1 Results: Profit Drops by 116.67% YoY"
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 -21.8 % over the year, substantial increase in net sales/revenue by 2.31 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -7.41 %, Marginal decrease of -7.02% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Shree Krishna Paper Mills & Industr. Profit dropped by -116.69 % Year to Year, Shree Krishna Paper Mills & Industr’s profitability increased by -0 % in this quarter.
- EPS over the Year and quarter: EPS declined by -116.67 % Year to Year. EPS increased by -0 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 46.066 Cr | Rs. 35.209 Cr | Rs. 36.023 Cr | + 2.31 % | -21.8 % |
| Expenses | Rs. 42.3 Cr | Rs. 33.96 Cr | Rs. 34.71 Cr | + 2.21 % | -17.94 % |
| Operating Profit | Rs. 3.77 Cr | Rs. 1.25 Cr | Rs. 1.31 Cr | + 4.8 % | -65.25 % |
| OPM % | 8.18 % | 3.55 % | 3.64 % | + 0.09 % | -4.54 % |
| Other Income | Rs. 0.243 Cr | Rs. 0.242 Cr | Rs. 0.225 Cr | -7.02 % | -7.41 % |
| Interest | Rs. 0.98 Cr | Rs. 0.91 Cr | Rs. 0.8 Cr | -12.09 % | -18.37 % |
| Depreciation | Rs. 1.01 Cr | Rs. 1.1 Cr | Rs. 0.94 Cr | -14.55 % | -6.93 % |
| Profit before tax | Rs. 2.02 Cr | Rs. -0.52 Cr | Rs. -0.21 Cr | + 59.62 % | -110.4 % |
| Tax % | 31.82 % | -56.02 % | -16.16 % | + 39.86 % | -47.98 % |
| Net Profit | Rs. 1.38 Cr | Rs. -0.23 Cr | Rs. -0.23 Cr | + 0 % | -116.67 % |
| EPS in Rs | Rs. 1.02 | Rs. -0.17 | Rs. -0.17 | + 0 % | -116.67 % |
Today, we’re looking at Shree Krishna Paper Mills & Industr’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -21.8 %. However, it did see a marginal increase of 2.31 % from the previous quarter. Expenses ticked up slightly by 2.21 % quarter-on-quarter, aligning with the annual decline of -17.94 %. Operating profit, while down -65.25 % compared to last year, faced a quarter-on-quarter increase of 4.8 %, 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 -4.54 %, but an expansion of 0.09 % sequentially. Other income fell by -7.02 % compared to the last quarter, despite an annual decline of -7.41 %. Interest expenses dropped significantly by -12.09 % from the previous quarter, yet the year-over-year decrease remains at a moderate -18.37 %. Depreciation costs fell by -14.55 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -6.93 %. Profit before tax declined annually by -110.4 % but saw an increase from the preceding quarter by 59.62 %.
Tax expenses as a percentage of profits decreased slightly by -47.98 % compared to last year, with a more notable quarter-on-quarter increase of 39.86 %. Net profit fell by -116.67 % year-on-year but experienced a 0 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -116.67 % but a quarterly rise of 0 %. In summary, Shree Krishna Paper Mills & Industr’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. 46.066 Cr | Rs. 35.209 Cr | Rs. 36.023 Cr | + 2.31 % | -21.8 % |
| Expenses | Rs. 42.3 Cr | Rs. 33.96 Cr | Rs. 34.71 Cr | + 2.21 % | -17.94 % |
| Operating Profit | Rs. 3.77 Cr | Rs. 1.25 Cr | Rs. 1.31 Cr | + 4.8 % | -65.25 % |
| Net Profit | Rs. 1.38 Cr | Rs. -0.23 Cr | Rs. -0.23 Cr | + 0 % | -116.67 % |
| EPS in Rs | Rs. 1.02 | Rs. -0.17 | Rs. -0.17 | + 0 % | -116.67 % |
In reviewing Shree Krishna Paper Mills & Industr’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -21.8 % year-on-year, however, there was a minor increase of 2.31 % from the previous quarter. Expenses decreased by -17.94 % compared to the previous year, with a 2.21 % increase quarter-on-quarter. Operating Profit dropped by -65.25 % annually, and saw a 4.8 % increase from the last quarter.
Net Profit showed yearly decrease of -116.67 %, and experienced a 0 % increase from the previous quarter. Earnings Per Share (EPS) fell by -116.67 % annually, however rose by 0 % compared to the last quarter. In essence, while Shree Krishna Paper Mills & Industr 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.
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