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.
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