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Siyaram Silk Mills ‘s Q2 Report: Revenue Rises by 3.75% YoY

Highlights

  • The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
  • Sales over the Year and quarter: The company experienced a substantial growth of 3.75 % in the past year, substantial increase in net sales/revenue by 98.12 %.
  • 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 80.03 %. Marginal decrease of -10.9% in other income during this quarter.
  • Profit over the Year and quarter: Significant improvement in profitability for Siyaram Silk Mills Ltd.,. Notable increase of 11.23 % in net profit Year to Year, Siyaram Silk Mills Ltd.,’s profitability increased by 492.65 % in this quarter.
  • EPS over the Year and quarter: EPS increased by 14.91 % Year to Year. EPS increased by 491.73 % in previous quarter. Positive impact on shareholders.

The comprehensive analytics outlining the performance and outlook of Siyaram Silk Mills Ltd.,‘s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

Metrics Previous Year Previous Quarter Current Quarter Quarter to Quarter Difference Year to Year Difference
Sales Rs. 585.91 Cr Rs. 306.822 Cr Rs. 607.876 Cr + 98.12 % + 3.75 %
Expenses Rs. 498.07 Cr Rs. 297.15 Cr Rs. 519.09 Cr + 74.69 % + 4.22 %
Operating Profit Rs. 87.84 Cr Rs. 9.67 Cr Rs. 88.79 Cr + 818.2 % + 1.08 %
OPM % 14.99 % 3.15 % 14.61 % + 11.46 % -0.38 %
Other Income Rs. 11.91 Cr Rs. 24.064 Cr Rs. 21.441 Cr -10.9 % + 80.03 %
Interest Rs. 5.49 Cr Rs. 4.51 Cr Rs. 5.69 Cr + 26.16 % + 3.64 %
Depreciation Rs. 13.7 Cr Rs. 13.88 Cr Rs. 13.96 Cr + 0.58 % + 1.9 %
Profit before tax Rs. 80.56 Cr Rs. 15.34 Cr Rs. 90.58 Cr + 490.48 % + 12.44 %
Tax % 23.92 % 25.04 % 24.74 % -0.3 % + 0.82 %
Net Profit Rs. 61.29 Cr Rs. 11.5 Cr Rs. 68.17 Cr + 492.78 % + 11.23 %
EPS in Rs Rs. 13.08 Rs. 2.54 Rs. 15.03 + 491.73 % + 14.91 %


Today, we’re looking at Siyaram Silk Mills Ltd.,’s financial performance for the Q2(Sep 2024-25).Starting with the top line, the company reported a robust year-over-year sales growth of 3.75 %. However, it did see a marginal increase of 98.12 % from the previous quarter. Expenses ticked up slightly by 74.69 % quarter-on-quarter, aligning with the annual rise of 4.22 %. Operating profit, while up 1.08 % compared to last year, faced a quarter-on-quarter increase of 818.2 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -0.38 %, but an expansion of 11.46 % sequentially. Other income fell by -10.9 % compared to the last quarter, despite an annual growth of 80.03 %. Interest expenses surged remarkably by 26.16 % from the previous quarter, yet the year-over-year increase remains at a moderate 3.64 %. Depreciation costs climbed by 0.58 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 1.9 %. Profit before tax grew annually by 12.44 % but saw an increase from the preceding quarter by 490.48 %.
Tax expenses as a percentage of profits increased slightly by 0.82 % compared to last year, with a more notable quarter-on-quarter decrease of -0.3 %. Net profit rose by 11.23 % year-on-year but experienced a 492.78 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 14.91 % but a quarterly rise of 491.73 %. In summary, Siyaram Silk Mills Ltd.,’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. 585.91 Cr Rs. 306.822 Cr Rs. 607.876 Cr + 98.12 % + 3.75 %
Expenses Rs. 498.07 Cr Rs. 297.15 Cr Rs. 519.09 Cr + 74.69 % + 4.22 %
Operating Profit Rs. 87.84 Cr Rs. 9.67 Cr Rs. 88.79 Cr + 818.2 % + 1.08 %
Net Profit Rs. 61.29 Cr Rs. 11.5 Cr Rs. 68.17 Cr + 492.78 % + 11.23 %
EPS in Rs Rs. 13.08 Rs. 2.54 Rs. 15.03 + 491.73 % + 14.91 %


In reviewing Siyaram Silk Mills Ltd.,’s 2024-25(Q2) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 3.75 % year-on-year growth, however, there was a minor increase of 98.12 % from the previous quarter. Expenses rose by 4.22 % compared to the previous year, with a 74.69 % increase quarter-on-quarter. Operating Profit surged by 1.08 % annually, and saw a 818.2 % increase from the last quarter.
Net Profit showed yearly increase of 11.23 %, and experienced a 492.78 % increase from the previous quarter. Earnings Per Share (EPS) rose by 14.91 % annually, however rose by 491.73 % compared to the last quarter. In essence, while Siyaram Silk Mills Ltd., 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.

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