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Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 61.25 % in the past year, substantial increase in net sales/revenue by 16.4 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -70.74 %, Marginal decrease of -74.12% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Shree Renuka Sugars Ltd.. Profit dropped by -333.21 % Year to Year, Shree Renuka Sugars Ltd.’s profitability dropped by -22.95 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -328.00 % Year to Year. EPS decreased by -24 % 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. 2045.4 Cr | Rs. 2833.6 Cr | Rs. 3298.2 Cr | + 16.4 % | + 61.25 % |
Expenses | Rs. 1808.1 Cr | Rs. 2662.8 Cr | Rs. 3085 Cr | + 15.86 % | + 70.62 % |
Operating Profit | Rs. 237.3 Cr | Rs. 170.8 Cr | Rs. 213.2 Cr | + 24.82 % | -10.16 % |
OPM % | 11.6 % | 6.03 % | 6.46 % | + 0.43 % | -5.14 % |
Other Income | Rs. 47.5 Cr | Rs. 53.7 Cr | Rs. 13.9 Cr | -74.12 % | -70.74 % |
Interest | Rs. 171.1 Cr | Rs. 221.5 Cr | Rs. 218.3 Cr | -1.44 % | + 27.59 % |
Depreciation | Rs. 57.9 Cr | Rs. 63.8 Cr | Rs. 63.8 Cr | + 0 % | + 10.19 % |
Profit before tax | Rs. 55.8 Cr | Rs. -60.8 Cr | Rs. -55 Cr | + 9.54 % | -198.57 % |
Tax % | 6.09 % | -160.86 % | -122.18 % | + 38.68 % | -128.27 % |
Net Profit | Rs. 52.4 Cr | Rs. -158.6 Cr | Rs. -122.2 Cr | + 22.95 % | -333.21 % |
EPS in Rs | Rs. 0.25 | Rs. -0.75 | Rs. -0.57 | + 24 % | -328 % |
Today, we’re looking at Shree Renuka Sugars 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 61.25 %. However, it did see a marginal increase of 16.4 % from the previous quarter. Expenses ticked up slightly by 15.86 % quarter-on-quarter, aligning with the annual rise of 70.62 %. Operating profit, while down -10.16 % compared to last year, faced a quarter-on-quarter increase of 24.82 %, 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 -5.14 %, but an expansion of 0.43 % sequentially. Other income fell by -74.12 % compared to the last quarter, despite an annual decline of -70.74 %. Interest expenses dropped significantly by -1.44 % from the previous quarter, yet the year-over-year increase remains at a moderate 27.59 %. Depreciation costs climbed by 0 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 10.19 %. Profit before tax declined annually by -198.57 % but saw an increase from the preceding quarter by 9.54 %.
Tax expenses as a percentage of profits decreased slightly by -128.27 % compared to last year, with a more notable quarter-on-quarter increase of 38.68 %. Net profit fell by -333.21 % year-on-year but experienced a 22.95 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -328 % but a quarterly rise of 24 %. In summary, Shree Renuka Sugars 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. 2045.4 Cr | Rs. 2833.6 Cr | Rs. 3298.2 Cr | + 16.4 % | + 61.25 % |
Expenses | Rs. 1808.1 Cr | Rs. 2662.8 Cr | Rs. 3085 Cr | + 15.86 % | + 70.62 % |
Operating Profit | Rs. 237.3 Cr | Rs. 170.8 Cr | Rs. 213.2 Cr | + 24.82 % | -10.16 % |
Net Profit | Rs. 52.4 Cr | Rs. -158.6 Cr | Rs. -122.2 Cr | + 22.95 % | -333.21 % |
EPS in Rs | Rs. 0.25 | Rs. -0.75 | Rs. -0.57 | + 24 % | -328 % |
In reviewing Shree Renuka Sugars Ltd.’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 61.25 % year-on-year growth, however, there was a minor increase of 16.4 % from the previous quarter. Expenses rose by 70.62 % compared to the previous year, with a 15.86 % increase quarter-on-quarter. Operating Profit dropped by -10.16 % annually, and saw a 24.82 % increase from the last quarter.
Net Profit showed yearly decrease of -333.21 %, and experienced a 22.95 % increase from the previous quarter. Earnings Per Share (EPS) fell by -328 % annually, however rose by 24 % compared to the last quarter. In essence, while Shree Renuka Sugars 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.