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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 -5.65 % over the year, decrease in net sales/revenue by -13.03 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -20.97 %, Marginal decrease of -22.22% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Singer India Limited. Notable increase of 250 % in net profit Year to Year, Singer India Limited’s profitability dropped by -75.97 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 200.00 % Year to Year. EPS decreased by -76.32 % 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. 104.6 Cr | Rs. 113.48 Cr | Rs. 98.69 Cr | -13.03 % | -5.65 % |
Expenses | Rs. 105.61 Cr | Rs. 111.33 Cr | Rs. 98.72 Cr | -11.33 % | -6.52 % |
Operating Profit | Rs. -1.01 Cr | Rs. 2.15 Cr | Rs. -0.03 Cr | -101.4 % | + 97.03 % |
OPM % | -0.97 % | 1.89 % | -0.03 % | -1.92 % | + 0.94 % |
Other Income | Rs. 1.86 Cr | Rs. 1.89 Cr | Rs. 1.47 Cr | -22.22 % | -20.97 % |
Interest | Rs. 0.07 Cr | Rs. 0.08 Cr | Rs. 0.06 Cr | -25 % | -14.29 % |
Depreciation | Rs. 0.57 Cr | Rs. 0.68 Cr | Rs. 0.63 Cr | -7.35 % | + 10.53 % |
Profit before tax | Rs. 0.21 Cr | Rs. 3.28 Cr | Rs. 0.75 Cr | -77.13 % | + 257.14 % |
Tax % | 23.81 % | 28.96 % | 25.33 % | -3.63 % | + 1.52 % |
Net Profit | Rs. 0.16 Cr | Rs. 2.33 Cr | Rs. 0.56 Cr | -75.97 % | + 250 % |
EPS in Rs | Rs. 0.03 | Rs. 0.38 | Rs. 0.09 | -76.32 % | + 200 % |
Today, we’re looking at Singer India 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 -5.65 %. However, it did see a marginal slip of -13.03 % from the previous quarter. Expenses decreased slightly by -11.33 % quarter-on-quarter, aligning with the annual decline of -6.52 %. Operating profit, while up 97.03 % compared to last year, faced a quarter-on-quarter dip of -101.4 %, 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 0.94 %, but a shrinkage of -1.92 % sequentially. Other income fell by -22.22 % compared to the last quarter, despite an annual decline of -20.97 %. Interest expenses dropped significantly by -25 % from the previous quarter, yet the year-over-year decrease remains at a moderate -14.29 %. Depreciation costs fell by -7.35 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 10.53 %. Profit before tax grew annually by 257.14 % but saw a reduction from the preceding quarter by -77.13 %.
Tax expenses as a percentage of profits increased slightly by 1.52 % compared to last year, with a more notable quarter-on-quarter decrease of -3.63 %. Net profit rose by 250 % year-on-year but witnessed a -75.97 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 200 % but a quarterly fall of -76.32 %. In summary, Singer India 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. 104.6 Cr | Rs. 113.48 Cr | Rs. 98.69 Cr | -13.03 % | -5.65 % |
Expenses | Rs. 105.61 Cr | Rs. 111.33 Cr | Rs. 98.72 Cr | -11.33 % | -6.52 % |
Operating Profit | Rs. -1.01 Cr | Rs. 2.15 Cr | Rs. -0.03 Cr | -101.4 % | + 97.03 % |
Net Profit | Rs. 0.16 Cr | Rs. 2.33 Cr | Rs. 0.56 Cr | -75.97 % | + 250 % |
EPS in Rs | Rs. 0.03 | Rs. 0.38 | Rs. 0.09 | -76.32 % | + 200 % |
In reviewing Singer India Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -5.65 % year-on-year, although there was a slight dip of -13.03 % from the previous quarter. Expenses decreased by -6.52 % compared to the previous year, with a decrease of -11.33 % quarter-on-quarter. Operating Profit surged by 97.03 % annually, and saw a -101.4 % decrease from the last quarter.
Net Profit showed yearly increase of 250 %, and experienced a -75.97 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 200 % annually, however dipped by -76.32 % compared to the last quarter. In essence, while Singer India Limited exhibits strong annual growth indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.