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Highlights
- The presented financial data is Standalone to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company’s sales declined by -31.85 % over the year, decrease in net sales/revenue by -34.89 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -16.72 %, Marginal decrease of -12.25% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Shyam Century Ferrous Limited. Profit dropped by -228.62 % Year to Year, Shyam Century Ferrous Limited’s profitability increased by 58.32 % in this quarter.
- EPS over the Year and quarter: EPS declined by -230.00 % Year to Year. EPS increased by 62.5 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 38.954 Cr | Rs. 40.768 Cr | Rs. 26.546 Cr | -34.89 % | -31.85 % |
| Expenses | Rs. 37.24 Cr | Rs. 43.81 Cr | Rs. 30.07 Cr | -31.36 % | -19.25 % |
| Operating Profit | Rs. 1.71 Cr | Rs. -3.04 Cr | Rs. -3.52 Cr | -15.79 % | -305.85 % |
| OPM % | 4.39 % | -7.46 % | -13.26 % | -5.8 % | -17.65 % |
| Other Income | Rs. 2.064 Cr | Rs. 1.959 Cr | Rs. 1.719 Cr | -12.25 % | -16.72 % |
| Interest | Rs. 0.03 Cr | Rs. 0.11 Cr | Rs. 0.08 Cr | -27.27 % | + 166.67 % |
| Depreciation | Rs. 0.75 Cr | Rs. 1.01 Cr | Rs. 0.88 Cr | -12.87 % | + 17.33 % |
| Profit before tax | Rs. 2.99 Cr | Rs. -2.2 Cr | Rs. -2.76 Cr | -25.45 % | -192.31 % |
| Tax % | 30.05 % | -22.85 % | -2.24 % | + 20.61 % | -32.29 % |
| Net Profit | Rs. 2.1 Cr | Rs. -1.71 Cr | Rs. -2.7 Cr | -57.89 % | -228.57 % |
| EPS in Rs | Rs. 0.1 | Rs. -0.08 | Rs. -0.13 | -62.5 % | -230 % |
Today, we’re looking at Shyam Century Ferrous 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 -31.85 %. However, it did see a marginal slip of -34.89 % from the previous quarter. Expenses decreased slightly by -31.36 % quarter-on-quarter, aligning with the annual decline of -19.25 %. Operating profit, while down -305.85 % compared to last year, faced a quarter-on-quarter dip of -15.79 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -17.65 %, but a shrinkage of -5.8 % sequentially. Other income fell by -12.25 % compared to the last quarter, despite an annual decline of -16.72 %. Interest expenses dropped significantly by -27.27 % from the previous quarter, yet the year-over-year increase remains at a moderate 166.67 %. Depreciation costs fell by -12.87 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 17.33 %. Profit before tax declined annually by -192.31 % but saw a reduction from the preceding quarter by -25.45 %.
Tax expenses as a percentage of profits decreased slightly by -32.29 % compared to last year, with a more notable quarter-on-quarter increase of 20.61 %. Net profit fell by -228.57 % year-on-year but witnessed a -57.89 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -230 % but a quarterly fall of -62.5 %. In summary, Shyam Century Ferrous 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. 38.954 Cr | Rs. 40.768 Cr | Rs. 26.546 Cr | -34.89 % | -31.85 % |
| Expenses | Rs. 37.24 Cr | Rs. 43.81 Cr | Rs. 30.07 Cr | -31.36 % | -19.25 % |
| Operating Profit | Rs. 1.71 Cr | Rs. -3.04 Cr | Rs. -3.52 Cr | -15.79 % | -305.85 % |
| Net Profit | Rs. 2.1 Cr | Rs. -1.71 Cr | Rs. -2.7 Cr | -57.89 % | -228.57 % |
| EPS in Rs | Rs. 0.1 | Rs. -0.08 | Rs. -0.13 | -62.5 % | -230 % |
In reviewing Shyam Century Ferrous Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -31.85 % year-on-year, although there was a slight dip of -34.89 % from the previous quarter. Expenses decreased by -19.25 % compared to the previous year, with a decrease of -31.36 % quarter-on-quarter. Operating Profit dropped by -305.85 % annually, and saw a -15.79 % decrease from the last quarter.
Net Profit showed yearly decrease of -228.57 %, and experienced a -57.89 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -230 % annually, however dipped by -62.5 % compared to the last quarter. In essence, while Shyam Century Ferrous Limited faces strong annual decline indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.
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