Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 21.04 % in the past year, substantial increase in net sales/revenue by 13.99 %.
- 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 86.61 %. Marginal increase in other income during this quarter, up by 28.22%.
- Profit over the Year and quarter: Significant improvement in profitability for Sirca Paints India Limited. Notable increase of 31.93 % in net profit Year to Year, Sirca Paints India Limited’s profitability increased by 19.03 % in this quarter.
- EPS over the Year and quarter: EPS increased by 31.79 % Year to Year. EPS increased by 18.75 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 68.273 Cr | Rs. 72.493 Cr | Rs. 82.635 Cr | + 13.99 % | + 21.04 % |
| Expenses | Rs. 55.15 Cr | Rs. 58.73 Cr | Rs. 66.39 Cr | + 13.04 % | + 20.38 % |
| Operating Profit | Rs. 13.12 Cr | Rs. 13.76 Cr | Rs. 16.25 Cr | + 18.1 % | + 23.86 % |
| OPM % | 19.22 % | 18.98 % | 19.66 % | + 0.68 % | + 0.44 % |
| Other Income | Rs. 1.12 Cr | Rs. 1.63 Cr | Rs. 2.09 Cr | + 28.22 % | + 86.61 % |
| Interest | Rs. 0 Cr | Rs. 0.01 Cr | Rs. 0 Cr | 0 % | 0 % |
| Depreciation | Rs. 1.26 Cr | Rs. 1.56 Cr | Rs. 1.55 Cr | -0.64 % | + 23.02 % |
| Profit before tax | Rs. 12.98 Cr | Rs. 13.82 Cr | Rs. 16.79 Cr | + 21.49 % | + 29.35 % |
| Tax % | 26.97 % | 23.97 % | 25.47 % | + 1.5 % | -1.5 % |
| Net Profit | Rs. 9.48 Cr | Rs. 10.51 Cr | Rs. 12.51 Cr | + 19.03 % | + 31.96 % |
| EPS in Rs | Rs. 1.73 | Rs. 1.92 | Rs. 2.28 | + 18.75 % | + 31.79 % |
Today, we’re looking at Sirca Paints India 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 21.04 %. However, it did see a marginal increase of 13.99 % from the previous quarter. Expenses ticked up slightly by 13.04 % quarter-on-quarter, aligning with the annual rise of 20.38 %. Operating profit, while up 23.86 % compared to last year, faced a quarter-on-quarter increase of 18.1 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 0.44 %, but an expansion of 0.68 % sequentially. Other income rose by 28.22 % compared to the last quarter, despite an annual growth of 86.61 %. Depreciation costs fell by -0.64 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 23.02 %. Profit before tax grew annually by 29.35 % but saw an increase from the preceding quarter by 21.49 %.
Tax expenses as a percentage of profits decreased slightly by -1.5 % compared to last year, with a more notable quarter-on-quarter increase of 1.5 %. Net profit rose by 31.96 % year-on-year but experienced a 19.03 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 31.79 % but a quarterly rise of 18.75 %. In summary, Sirca Paints 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. 68.273 Cr | Rs. 72.493 Cr | Rs. 82.635 Cr | + 13.99 % | + 21.04 % |
| Expenses | Rs. 55.15 Cr | Rs. 58.73 Cr | Rs. 66.39 Cr | + 13.04 % | + 20.38 % |
| Operating Profit | Rs. 13.12 Cr | Rs. 13.76 Cr | Rs. 16.25 Cr | + 18.1 % | + 23.86 % |
| Net Profit | Rs. 9.48 Cr | Rs. 10.51 Cr | Rs. 12.51 Cr | + 19.03 % | + 31.96 % |
| EPS in Rs | Rs. 1.73 | Rs. 1.92 | Rs. 2.28 | + 18.75 % | + 31.79 % |
In reviewing Sirca Paints India Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 21.04 % year-on-year growth, however, there was a minor increase of 13.99 % from the previous quarter. Expenses rose by 20.38 % compared to the previous year, with a 13.04 % increase quarter-on-quarter. Operating Profit surged by 23.86 % annually, and saw a 18.1 % increase from the last quarter.
Net Profit showed yearly increase of 31.96 %, and experienced a 19.03 % increase from the previous quarter. Earnings Per Share (EPS) rose by 31.79 % annually, however rose by 18.75 % compared to the last quarter. In essence, while Sirca Paints India 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.
