Shree Rama Multi-Tech announced Financial Results Q1 2024

The comprehensive analytics outlining the performance and outlook of Shree Rama Multi-Tech Limited‘s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

Today, we’re looking at Shree Rama Multi-Tech Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -1.99 %. However, it did see a marginal slip of -7.81 % from the previous quarter. Expenses decreased slightly by -10 % quarter-on-quarter, aligning with the annual decline of -7.1 %. Operating profit, while up 64.33 % compared to last year, faced a quarter-on-quarter increase of 12.17 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 4.85 %, but an expansion of 2.14 % sequentially. Other income rose by 32.04 % compared to the last quarter, despite an annual decline of -7.09 %. Interest expenses dropped significantly by -60 % from the previous quarter, yet the year-over-year decrease remains at a moderate -82.86 %. Depreciation costs fell by -5.37 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 2.17 %. Profit before tax grew annually by 114.29 % but saw an increase from the preceding quarter by 25.37 %.
Net profit rose by 115.38 % year-on-year but experienced a 25.37 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 3.23 % but a quarterly rise of 23.08 %. In summary, Shree Rama Multi-Tech Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.

In reviewing Shree Rama Multi-Tech Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -1.99 % year-on-year, although there was a slight dip of -7.81 % from the previous quarter. Expenses decreased by -7.1 % compared to the previous year, with a decrease of -10 % quarter-on-quarter. Operating Profit surged by 64.33 % annually, and saw a 12.17 % increase from the last quarter.
Net Profit showed yearly increase of 115.38 %, and experienced a 25.37 % increase from the previous quarter. Earnings Per Share (EPS) rose by 3.23 % annually, however rose by 23.08 % compared to the last quarter. In essence, while Shree Rama Multi-Tech Limited 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.