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Highlights
- The presented financial data is Standalone to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company’s sales declined by -4.01 % over the year, decrease in net sales/revenue by -0.51 %.
- 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 130.77 %. Marginal increase in other income during this quarter, up by 36.36%.
- Profit over the Year and quarter: Significant improvement in profitability for Smiths & Founders (India) Limited. Notable increase of 69.23 % in net profit Year to Year, Smiths & Founders (India) Limited’s profitability increased by 13.65 % in this quarter.
- EPS over the Year and quarter: EPS increased by 50.00 % Year to Year.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 3.241 Cr | Rs. 3.127 Cr | Rs. 3.111 Cr | -0.51 % | -4.01 % |
Expenses | Rs. 2.95 Cr | Rs. 2.75 Cr | Rs. 2.72 Cr | -1.09 % | -7.8 % |
Operating Profit | Rs. 0.29 Cr | Rs. 0.38 Cr | Rs. 0.39 Cr | + 2.63 % | + 34.48 % |
OPM % | 8.95 % | 12.15 % | 12.54 % | + 0.39 % | + 3.59 % |
Other Income | Rs. 0.013 Cr | Rs. 0.022 Cr | Rs. 0.03 Cr | + 36.36 % | + 130.77 % |
Interest | Rs. 0.06 Cr | Rs. 0.07 Cr | Rs. 0.05 Cr | -28.57 % | -16.67 % |
Depreciation | Rs. 0.06 Cr | Rs. 0.06 Cr | Rs. 0.06 Cr | + 0 % | + 0 % |
Profit before tax | Rs. 0.18 Cr | Rs. 0.27 Cr | Rs. 0.31 Cr | + 14.81 % | + 72.22 % |
Tax % | 0 % | 0 % | 0 % | 0 % | 0 % |
Net Profit | Rs. 0.18 Cr | Rs. 0.27 Cr | Rs. 0.31 Cr | + 14.81 % | + 72.22 % |
EPS in Rs | Rs. 0.02 | Rs. 0 | Rs. 0.03 | 0 % | + 50 % |
Today, we’re looking at Smiths & Founders (India) Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -4.01 %. However, it did see a marginal slip of -0.51 % from the previous quarter. Expenses decreased slightly by -1.09 % quarter-on-quarter, aligning with the annual decline of -7.8 %. Operating profit, while up 34.48 % compared to last year, faced a quarter-on-quarter increase of 2.63 %, 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 3.59 %, but an expansion of 0.39 % sequentially. Other income rose by 36.36 % compared to the last quarter, despite an annual growth of 130.77 %. Interest expenses dropped significantly by -28.57 % from the previous quarter, yet the year-over-year decrease remains at a moderate -16.67 %. Depreciation costs climbed by 0 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 0 %. Profit before tax grew annually by 72.22 % but saw an increase from the preceding quarter by 14.81 %.
Net profit rose by 72.22 % year-on-year but experienced a 14.81 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 50 % In summary, Smiths & Founders (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. 3.241 Cr | Rs. 3.127 Cr | Rs. 3.111 Cr | -0.51 % | -4.01 % |
Expenses | Rs. 2.95 Cr | Rs. 2.75 Cr | Rs. 2.72 Cr | -1.09 % | -7.8 % |
Operating Profit | Rs. 0.29 Cr | Rs. 0.38 Cr | Rs. 0.39 Cr | + 2.63 % | + 34.48 % |
Net Profit | Rs. 0.18 Cr | Rs. 0.27 Cr | Rs. 0.31 Cr | + 14.81 % | + 72.22 % |
EPS in Rs | Rs. 0.02 | Rs. 0 | Rs. 0.03 | 0 % | + 50 % |
In reviewing Smiths & Founders (India) Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -4.01 % year-on-year, although there was a slight dip of -0.51 % from the previous quarter. Expenses decreased by -7.8 % compared to the previous year, with a decrease of -1.09 % quarter-on-quarter. Operating Profit surged by 34.48 % annually, and saw a 2.63 % increase from the last quarter.
Net Profit showed yearly increase of 72.22 %, and experienced a 14.81 % increase from the previous quarter. Earnings Per Share (EPS) rose by 50 % annually, In essence, while Smiths & Founders (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.