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SNL Bearings : Q4 2024 Financial Quarterly Report : YoY Sales Up 1.15 %, QoQ Up 0.44 %

May 17, 2024May 17, 2024| adminadmin| 0 Comments| 5:10 pm
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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.

The comprehensive analytics outlining the performance and outlook of SNL Bearings Ltd.”s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

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.

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