Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 9.96 % in the past year, substantial increase in net sales/revenue by 8.88 %.
- 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 362.58 %. Marginal increase in other income during this quarter, up by 326.79%.
- Profit over the Year and quarter: Significant improvement in profitability for Sigachi Industries Limited. Notable increase of 24.39 % in net profit Year to Year, Sigachi Industries Limited’s profitability increased by 8.89 % in this quarter.
- EPS over the Year and quarter: EPS declined by -87.95 % Year to Year. EPS increased by 5.71 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 76.079 Cr | Rs. 76.833 Cr | Rs. 83.655 Cr | + 8.88 % | + 9.96 % |
| Expenses | Rs. 62.08 Cr | Rs. 61.03 Cr | Rs. 68.68 Cr | + 12.53 % | + 10.63 % |
| Operating Profit | Rs. 14 Cr | Rs. 15.8 Cr | Rs. 14.98 Cr | -5.19 % | + 7 % |
| OPM % | 18.4 % | 20.56 % | 17.91 % | -2.65 % | -0.49 % |
| Other Income | Rs. 1.55 Cr | Rs. 1.68 Cr | Rs. 7.17 Cr | + 326.79 % | + 362.58 % |
| Interest | Rs. 1.41 Cr | Rs. 1.67 Cr | Rs. 2.43 Cr | + 45.51 % | + 72.34 % |
| Depreciation | Rs. 1.98 Cr | Rs. 2.06 Cr | Rs. 2.72 Cr | + 32.04 % | + 37.37 % |
| Profit before tax | Rs. 12.16 Cr | Rs. 13.75 Cr | Rs. 17 Cr | + 23.64 % | + 39.8 % |
| Tax % | 22.5 % | 21.73 % | 30.96 % | + 9.23 % | + 8.46 % |
| Net Profit | Rs. 9.43 Cr | Rs. 10.77 Cr | Rs. 11.73 Cr | + 8.91 % | + 24.39 % |
| EPS in Rs | Rs. 3.07 | Rs. 0.3 | Rs. 0.31 | + 3.33 % | -89.9 % |
Today, we’re looking at Sigachi Industries 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 9.96 %. However, it did see a marginal increase of 8.88 % from the previous quarter. Expenses ticked up slightly by 12.53 % quarter-on-quarter, aligning with the annual rise of 10.63 %. Operating profit, while up 7 % compared to last year, faced a quarter-on-quarter dip of -5.19 %, 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 -0.49 %, but a shrinkage of -2.65 % sequentially. Other income rose by 326.79 % compared to the last quarter, despite an annual growth of 362.58 %. Interest expenses surged remarkably by 45.51 % from the previous quarter, yet the year-over-year increase remains at a moderate 72.34 %. Depreciation costs climbed by 32.04 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 37.37 %. Profit before tax grew annually by 39.8 % but saw an increase from the preceding quarter by 23.64 %.
Tax expenses as a percentage of profits increased slightly by 8.46 % compared to last year, with a more notable quarter-on-quarter increase of 9.23 %. Net profit rose by 24.39 % year-on-year but experienced a 8.91 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -89.9 % but a quarterly rise of 3.33 %. In summary, Sigachi Industries 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. 76.079 Cr | Rs. 76.833 Cr | Rs. 83.655 Cr | + 8.88 % | + 9.96 % |
| Expenses | Rs. 62.08 Cr | Rs. 61.03 Cr | Rs. 68.68 Cr | + 12.53 % | + 10.63 % |
| Operating Profit | Rs. 14 Cr | Rs. 15.8 Cr | Rs. 14.98 Cr | -5.19 % | + 7 % |
| Net Profit | Rs. 9.43 Cr | Rs. 10.77 Cr | Rs. 11.73 Cr | + 8.91 % | + 24.39 % |
| EPS in Rs | Rs. 3.07 | Rs. 0.3 | Rs. 0.31 | + 3.33 % | -89.9 % |
In reviewing Sigachi Industries Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 9.96 % year-on-year growth, however, there was a minor increase of 8.88 % from the previous quarter. Expenses rose by 10.63 % compared to the previous year, with a 12.53 % increase quarter-on-quarter. Operating Profit surged by 7 % annually, and saw a -5.19 % decrease from the last quarter.
Net Profit showed yearly increase of 24.39 %, and experienced a 8.91 % increase from the previous quarter. Earnings Per Share (EPS) fell by -89.9 % annually, however rose by 3.33 % compared to the last quarter. In essence, while Sigachi Industries 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.
