Shree Steel Wire Ropes announced Financial Results Q1 2024-25

The comprehensive analytics outlining the performance and outlook of Shree Steel Wire Ropes Ltd.‘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 Steel Wire Ropes Ltd.’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 12.45 %. However, it did see a marginal slip of -22.61 % from the previous quarter. Expenses decreased slightly by -24.23 % quarter-on-quarter, aligning with the annual rise of 15.42 %. Operating profit, while down -38.46 % compared to last year, faced a quarter-on-quarter increase of 166.67 %, 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 -2.6 %, but an expansion of 2.23 % sequentially. Other income fell by -19.23 % compared to the last quarter, despite an annual growth of 250 %. Depreciation costs climbed by 12.5 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 12.5 %. Profit before tax declined annually by -40 %
Tax expenses as a percentage of profits decreased slightly by -73.91 % compared to last year, with a more notable quarter-on-quarter increase of 2108.7 %. Net profit rose by 200 % year-on-year but experienced a 50 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 300 % but a quarterly rise of 33.33 %. In summary, Shree Steel Wire Ropes Ltd.’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.

In reviewing Shree Steel Wire Ropes Ltd.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 12.45 % year-on-year growth, although there was a slight dip of -22.61 % from the previous quarter. Expenses rose by 15.42 % compared to the previous year, with a decrease of -24.23 % quarter-on-quarter. Operating Profit dropped by -38.46 % annually, and saw a 166.67 % increase from the last quarter.
Net Profit showed yearly increase of 200 %, and experienced a 50 % increase from the previous quarter. Earnings Per Share (EPS) rose by 300 % annually, however rose by 33.33 % compared to the last quarter. In essence, while Shree Steel Wire Ropes Ltd. 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.