Highlights
- Sales over the Year and quarter: The company’s sales declined by -22.75 % over the year, substantial increase in net sales/revenue by 61.01 %.
- 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 150 %. Marginal increase in other income during this quarter, up by 66.67%.
- Profit over the Year and quarter: Challenges in sustaining profitability for Shree Steel Wire Ropes Ltd.. Profit dropped by -54.55 % Year to Year, Shree Steel Wire Ropes Ltd.’s profitability dropped by -152.63 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -53.85 % Year to Year. EPS decreased by -150 % 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. 4.26 Cr | Rs. 2.044 Cr | Rs. 3.291 Cr | + 61.01 % | -22.75 % |
| Expenses | Rs. 4.09 Cr | Rs. 2.01 Cr | Rs. 3.26 Cr | + 62.19 % | -20.29 % |
| Operating Profit | Rs. 0.17 Cr | Rs. 0.03 Cr | Rs. 0.03 Cr | + 0 % | -82.35 % |
| OPM % | 3.99 % | 1.47 % | 0.91 % | -0.56 % | -3.08 % |
| Other Income | Rs. 0.02 Cr | Rs. 0.03 Cr | Rs. 0.05 Cr | + 66.67 % | + 150 % |
| Interest | Rs. 0.01 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Depreciation | Rs. 0.08 Cr | Rs. 0.08 Cr | Rs. 0.08 Cr | + 0 % | + 0 % |
| Profit before tax | Rs. 0.1 Cr | Rs. -0.02 Cr | Rs. 0 Cr | 0 % | 0 % |
| Tax % | 60 % | -65.22 % | -2100 % | -2034.78 % | -2160 % |
| Net Profit | Rs. 0.04 Cr | Rs. -0.04 Cr | Rs. 0.02 Cr | + 150 % | -50 % |
| EPS in Rs | Rs. 0.13 | Rs. -0.12 | Rs. 0.06 | + 150 % | -53.85 % |
Today, we’re looking at Shree Steel Wire Ropes Ltd.’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -22.75 %. However, it did see a marginal increase of 61.01 % from the previous quarter. Expenses ticked up slightly by 62.19 % quarter-on-quarter, aligning with the annual decline of -20.29 %. Operating profit, while down -82.35 % compared to last year, faced a quarter-on-quarter increase of 0 %, 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 -3.08 %, but a shrinkage of -0.56 % sequentially. Other income rose by 66.67 % compared to the last quarter, despite an annual growth of 150 %. Depreciation costs climbed by 0 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 0 %.
Tax expenses as a percentage of profits decreased slightly by -2160 % compared to last year, with a more notable quarter-on-quarter decrease of -2034.78 %. Net profit fell by -50 % year-on-year but experienced a 150 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -53.85 % but a quarterly rise of 150 %. 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.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 4.26 Cr | Rs. 2.044 Cr | Rs. 3.291 Cr | + 61.01 % | -22.75 % |
| Expenses | Rs. 4.09 Cr | Rs. 2.01 Cr | Rs. 3.26 Cr | + 62.19 % | -20.29 % |
| Operating Profit | Rs. 0.17 Cr | Rs. 0.03 Cr | Rs. 0.03 Cr | + 0 % | -82.35 % |
| Net Profit | Rs. 0.04 Cr | Rs. -0.04 Cr | Rs. 0.02 Cr | + 150 % | -50 % |
| EPS in Rs | Rs. 0.13 | Rs. -0.12 | Rs. 0.06 | + 150 % | -53.85 % |
In reviewing Shree Steel Wire Ropes Ltd.’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -22.75 % year-on-year, however, there was a minor increase of 61.01 % from the previous quarter. Expenses decreased by -20.29 % compared to the previous year, with a 62.19 % increase quarter-on-quarter. Operating Profit dropped by -82.35 % annually, and saw a 0 % increase from the last quarter.
Net Profit showed yearly decrease of -50 %, and experienced a 150 % increase from the previous quarter. Earnings Per Share (EPS) fell by -53.85 % annually, however rose by 150 % compared to the last quarter. In essence, while Shree Steel Wire Ropes 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.
