Share the post "Skyline Millars ‘s Q1 Update: Profit Grows by 55% YoY"
Highlights
- The presented financial data is Standalone to provide a comprehensive overview of the company performance.
- Income over the Year and quarter: There has been decline in other income over the past year which is -10.62 %, Marginal decrease of -29.86% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Skyline Millars Ltd. Profit dropped by -54.46 % Year to Year, Skyline Millars Ltd’s profitability dropped by -1.08 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -50.00 % Year to Year. EPS increased by -0 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Expenses | Rs. 0.5 Cr | Rs. 0.32 Cr | Rs. 0.29 Cr | -9.38 % | -42 % |
| Operating Profit | Rs. -0.5 Cr | Rs. -0.32 Cr | Rs. -0.29 Cr | + 9.38 % | + 42 % |
| OPM % | 0 % | 0 % | 0 % | 0 % | 0 % |
| Other Income | Rs. 0.113 Cr | Rs. 0.144 Cr | Rs. 0.101 Cr | -29.86 % | -10.62 % |
| Interest | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Depreciation | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Profit before tax | Rs. -0.39 Cr | Rs. -0.18 Cr | Rs. -0.19 Cr | -5.56 % | + 51.28 % |
| Tax % | -0 % | -0 % | -0 % | 0 % | 0 % |
| Net Profit | Rs. -0.4 Cr | Rs. -0.19 Cr | Rs. -0.18 Cr | + 5.26 % | + 55 % |
| EPS in Rs | Rs. -0.1 | Rs. -0.05 | Rs. -0.05 | + 0 % | + 50 % |
Today, we’re looking at Skyline Millars Ltd’s financial performance for the Q1(Jun 2024).Expenses decreased slightly by -9.38 % quarter-on-quarter, aligning with the annual decline of -42 %. Operating profit, while up 42 % compared to last year, faced a quarter-on-quarter increase of 9.38 %, signaling a short-term expansion in margins.
Other income fell by -29.86 % compared to the last quarter, despite an annual decline of -10.62 %. Profit before tax grew annually by 51.28 % but saw a reduction from the preceding quarter by -5.56 %.
Net profit rose by 55 % year-on-year but experienced a 5.26 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 50 % but a quarterly rise of 0 %. In summary, Skyline Millars 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. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Expenses | Rs. 0.5 Cr | Rs. 0.32 Cr | Rs. 0.29 Cr | -9.38 % | -42 % |
| Operating Profit | Rs. -0.5 Cr | Rs. -0.32 Cr | Rs. -0.29 Cr | + 9.38 % | + 42 % |
| Net Profit | Rs. -0.4 Cr | Rs. -0.19 Cr | Rs. -0.18 Cr | + 5.26 % | + 55 % |
| EPS in Rs | Rs. -0.1 | Rs. -0.05 | Rs. -0.05 | + 0 % | + 50 % |
In reviewing Skyline Millars Ltd’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Expenses decreased by -42 % compared to the previous year, with a decrease of -9.38 % quarter-on-quarter. Operating Profit surged by 42 % annually, and saw a 9.38 % increase from the last quarter.
Net Profit showed yearly increase of 55 %, and experienced a 5.26 % increase from the previous quarter. Earnings Per Share (EPS) rose by 50 % annually, however rose by 0 % compared to the last quarter. In essence, while Skyline Millars Ltd 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.
54
3-Year Profit
42
5-Year Profit
51
10-Year Profit
157
Current Price
3,820
Market Cap
The company associated with BSE code 532406 presents a financial narrative of mixed fortunes. Over a five-year period, the company achieved a profit of 42 percents, which subsequently rose to 54 percents over the three years that followed. Yet, despite this initial growth, the company now faces a troubling trailing twelve-month (TTM) profit loss of 42 percents. What’s particularly striking is the company’s complete absence of reported sales across all analyzed periods, which brings into question the viability of its revenue generation strategies and long-term business sustainability. Moreover, stock prices have been highly volatile, reflecting the company’s uncertain future. While the stock was valued at 112 percents over the last five years, it has recently dropped to 47 percents, underscoring a rapid decline in market confidence. Over the longer ten-year period, the stock price was at 49 percents, illustrating a pattern of fluctuating performance that could pose risks for potential investors.
Currently valued at ₹3,820 crore, the company's stock price stands at ₹157. Over the years, it has seen significant fluctuations, with its price ranging from ₹224 / 86.0, a reflection of its sensitivity to market conditions and investor sentiment. The stock's Price-to-Earnings (P/E) ratio, currently at 65.0, suggests that it is highly valued in comparison to its earnings, possibly indicating strong future growth expectations or a high level of investor confidence. The book value per share is ₹8.09, which represents the net asset value of the company per share. The dividend yield of 0.12% provides some return to investors, though it may not be the primary attraction for those investing in the stock. The company's Return on Capital Employed (ROCE) is 47.4%, pointing to efficient use of its capital base to generate profits. The Return on Equity (ROE), at 38.7%, highlights the profitability for shareholders. The company's financial health is further underscored by its very low debt-to-equity ratio of 0.09, signaling conservative financial management. However, the net cash flow is negative at ₹0.86 crore, indicating possible liquidity concerns or heavy investment. The Piotroski score of 8.00 provides a snapshot of its financial stability, while the Graham Number, estimated at ₹21.0, offers an intrinsic value benchmark. With a Price-to-Book (P/B) ratio of 19.4, the stock seems to be trading at a premium relative to its book value, which could signal strong market expectations or overvaluation risks.
