Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 1.15 % in the past year, substantial increase in net sales/revenue by 0.44 %.
- 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 52.94 %. Marginal increase in other income during this quarter, up by 1.96%.
- Profit over the Year and quarter: Significant improvement in profitability for SNL Bearings Ltd.. Notable increase of 35.29 % in net profit Year to Year, SNL Bearings Ltd.’s profitability increased by 6.15 % in this quarter.
- EPS over the Year and quarter: EPS declined by -99.86 % Year to Year. EPS increased by 6.11 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 11.33 Cr | Rs. 11.41 Cr | Rs. 11.46 Cr | + 0.44 % | + 1.15 % |
| Expenses | Rs. 9.04 Cr | Rs. 8.88 Cr | Rs. 8.61 Cr | -3.04 % | -4.76 % |
| Operating Profit | Rs. 2.29 Cr | Rs. 2.53 Cr | Rs. 2.85 Cr | + 12.65 % | + 24.45 % |
| OPM % | 20.21 % | 22.17 % | 24.87 % | + 2.7 % | + 4.66 % |
| Other Income | Rs. 0.34 Cr | Rs. 0.51 Cr | Rs. 0.52 Cr | + 1.96 % | + 52.94 % |
| Interest | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Depreciation | Rs. 0.39 Cr | Rs. 0.4 Cr | Rs. 0.38 Cr | -5 % | -2.56 % |
| Profit before tax | Rs. 2.24 Cr | Rs. 2.64 Cr | Rs. 2.99 Cr | + 13.26 % | + 33.48 % |
| Tax % | 31.7 % | 26.14 % | 30.77 % | + 4.63 % | -0.93 % |
| Net Profit | Rs. 1.53 Cr | Rs. 1.95 Cr | Rs. 2.07 Cr | + 6.15 % | + 35.29 % |
| EPS in Rs | Rs. 4240 | Rs. 5.4 | Rs. 5.73 | + 6.11 % | -99.86 % |
Today, we’re looking at SNL Bearings Ltd.’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 1.15 %. However, it did see a marginal increase of 0.44 % from the previous quarter. Expenses decreased slightly by -3.04 % quarter-on-quarter, aligning with the annual decline of -4.76 %. Operating profit, while up 24.45 % compared to last year, faced a quarter-on-quarter increase of 12.65 %, 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 4.66 %, but an expansion of 2.7 % sequentially. Other income rose by 1.96 % compared to the last quarter, despite an annual growth of 52.94 %. Depreciation costs fell by -5 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -2.56 %. Profit before tax grew annually by 33.48 % but saw an increase from the preceding quarter by 13.26 %.
Tax expenses as a percentage of profits decreased slightly by -0.93 % compared to last year, with a more notable quarter-on-quarter increase of 4.63 %. Net profit rose by 35.29 % year-on-year but experienced a 6.15 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -99.86 % but a quarterly rise of 6.11 %. In summary, SNL Bearings 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. 11.33 Cr | Rs. 11.41 Cr | Rs. 11.46 Cr | + 0.44 % | + 1.15 % |
| Expenses | Rs. 9.04 Cr | Rs. 8.88 Cr | Rs. 8.61 Cr | -3.04 % | -4.76 % |
| Operating Profit | Rs. 2.29 Cr | Rs. 2.53 Cr | Rs. 2.85 Cr | + 12.65 % | + 24.45 % |
| Net Profit | Rs. 1.53 Cr | Rs. 1.95 Cr | Rs. 2.07 Cr | + 6.15 % | + 35.29 % |
| EPS in Rs | Rs. 4240 | Rs. 5.4 | Rs. 5.73 | + 6.11 % | -99.86 % |
In reviewing SNL Bearings Ltd.’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 1.15 % year-on-year growth, however, there was a minor increase of 0.44 % from the previous quarter. Expenses decreased by -4.76 % compared to the previous year, with a decrease of -3.04 % quarter-on-quarter. Operating Profit surged by 24.45 % annually, and saw a 12.65 % increase from the last quarter.
Net Profit showed yearly increase of 35.29 %, and experienced a 6.15 % increase from the previous quarter. Earnings Per Share (EPS) fell by -99.86 % annually, however rose by 6.11 % compared to the last quarter. In essence, while SNL Bearings 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.
