Share the post "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.
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.
[my_shortcode1 values=”Siyaram Silk Mills Ltd.,”]