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Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 156.46 % in the past year, substantial increase in net sales/revenue by 36.63 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -33.24 %, Marginal increase in other income during this quarter, up by 49.65%.
- Profit over the Year and quarter: Significant improvement in profitability for Shriram Properties Limited. Notable increase of 27.16 % in net profit Year to Year, Shriram Properties Limited’s profitability increased by 8.87 % in this quarter.
- EPS over the Year and quarter: EPS increased by 32.22 % Year to Year. EPS increased by 10.19 % in previous quarter. Positive impact on shareholders.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 117.851 Cr | Rs. 221.21 Cr | Rs. 302.24 Cr | + 36.63 % | + 156.46 % |
Expenses | Rs. 125.71 Cr | Rs. 201.94 Cr | Rs. 292.7 Cr | + 44.94 % | + 132.84 % |
Operating Profit | Rs. -7.86 Cr | Rs. 19.27 Cr | Rs. 9.54 Cr | -50.49 % | + 221.37 % |
OPM % | -6.67 % | 8.71 % | 3.16 % | -5.55 % | + 9.83 % |
Other Income | Rs. 54.49 Cr | Rs. 24.31 Cr | Rs. 36.38 Cr | + 49.65 % | -33.24 % |
Interest | Rs. 30.84 Cr | Rs. 27.57 Cr | Rs. 31.06 Cr | + 12.66 % | + 0.71 % |
Depreciation | Rs. 2.02 Cr | Rs. 2.19 Cr | Rs. 2.52 Cr | + 15.07 % | + 24.75 % |
Profit before tax | Rs. 13.77 Cr | Rs. 13.82 Cr | Rs. 12.34 Cr | -10.71 % | -10.38 % |
Tax % | 16.51 % | 52.54 % | 24.24 % | -28.3 % | + 7.73 % |
Net Profit | Rs. 15.82 Cr | Rs. 18.48 Cr | Rs. 20.12 Cr | + 8.87 % | + 27.18 % |
EPS in Rs | Rs. 0.9 | Rs. 1.08 | Rs. 1.19 | + 10.19 % | + 32.22 % |
Today, we’re looking at Shriram Properties Limited’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 156.46 %. However, it did see a marginal increase of 36.63 % from the previous quarter. Expenses ticked up slightly by 44.94 % quarter-on-quarter, aligning with the annual rise of 132.84 %. Operating profit, while up 221.37 % compared to last year, faced a quarter-on-quarter dip of -50.49 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 9.83 %, but a shrinkage of -5.55 % sequentially. Other income rose by 49.65 % compared to the last quarter, despite an annual decline of -33.24 %. Interest expenses surged remarkably by 12.66 % from the previous quarter, yet the year-over-year increase remains at a moderate 0.71 %. Depreciation costs climbed by 15.07 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 24.75 %. Profit before tax declined annually by -10.38 % but saw a reduction from the preceding quarter by -10.71 %.
Tax expenses as a percentage of profits increased slightly by 7.73 % compared to last year, with a more notable quarter-on-quarter decrease of -28.3 %. Net profit rose by 27.18 % year-on-year but experienced a 8.87 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 32.22 % but a quarterly rise of 10.19 %. In summary, Shriram Properties Limited’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. 117.851 Cr | Rs. 221.21 Cr | Rs. 302.24 Cr | + 36.63 % | + 156.46 % |
Expenses | Rs. 125.71 Cr | Rs. 201.94 Cr | Rs. 292.7 Cr | + 44.94 % | + 132.84 % |
Operating Profit | Rs. -7.86 Cr | Rs. 19.27 Cr | Rs. 9.54 Cr | -50.49 % | + 221.37 % |
Net Profit | Rs. 15.82 Cr | Rs. 18.48 Cr | Rs. 20.12 Cr | + 8.87 % | + 27.18 % |
EPS in Rs | Rs. 0.9 | Rs. 1.08 | Rs. 1.19 | + 10.19 % | + 32.22 % |
In reviewing Shriram Properties Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 156.46 % year-on-year growth, however, there was a minor increase of 36.63 % from the previous quarter. Expenses rose by 132.84 % compared to the previous year, with a 44.94 % increase quarter-on-quarter. Operating Profit surged by 221.37 % annually, and saw a -50.49 % decrease from the last quarter.
Net Profit showed yearly increase of 27.18 %, and experienced a 8.87 % increase from the previous quarter. Earnings Per Share (EPS) rose by 32.22 % annually, however rose by 10.19 % compared to the last quarter. In essence, while Shriram Properties 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.