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Solar Industries India : Q4 2024 Financial Quarterly Report : YoY Sales Down 16.48 %, QoQ Up 12.7 %

May 17, 2024May 17, 2024| adminadmin| 0 Comments| 4:46 pm
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Highlights

  • Sales over the Year and quarter: The company’s sales declined by -16.48 % over the year, substantial increase in net sales/revenue by 12.7 %.
  • 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 81.91 %. Marginal increase in other income during this quarter, up by 110.96%.
  • Profit over the Year and quarter: Significant improvement in profitability for Solar Industries India Limited. Notable increase of 10.03 % in net profit Year to Year, Solar Industries India Limited’s profitability increased by 9.36 % in this quarter.
  • EPS over the Year and quarter: EPS increased by 14.05 % Year to Year. EPS increased by 15.62 % in previous quarter. Positive impact on shareholders.

The comprehensive analytics outlining the performance and outlook of Solar Industries India Limited”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. 1928.54 Cr Rs. 1429.14 Cr Rs. 1610.71 Cr + 12.7 % -16.48 %
Expenses Rs. 1571.08 Cr Rs. 1072.9 Cr Rs. 1257.01 Cr + 17.16 % -19.99 %
Operating Profit Rs. 357.46 Cr Rs. 356.24 Cr Rs. 353.7 Cr -0.71 % -1.05 %
OPM % 18.54 % 24.93 % 21.96 % -2.97 % + 3.42 %
Other Income Rs. 11.11 Cr Rs. 9.58 Cr Rs. 20.21 Cr + 110.96 % + 81.91 %
Interest Rs. 31.24 Cr Rs. 28.29 Cr Rs. 31.52 Cr + 11.42 % + 0.9 %
Depreciation Rs. 35.31 Cr Rs. 38.6 Cr Rs. 37.01 Cr -4.12 % + 4.81 %
Profit before tax Rs. 302.02 Cr Rs. 298.93 Cr Rs. 305.38 Cr + 2.16 % + 1.11 %
Tax % 26.94 % 25.64 % 20.7 % -4.94 % -6.24 %
Net Profit Rs. 220.58 Cr Rs. 221.94 Cr Rs. 242.71 Cr + 9.36 % + 10.03 %
EPS in Rs Rs. 22.78 Rs. 22.47 Rs. 25.98 + 15.62 % + 14.05 %


Today, we’re looking at Solar Industries India Limited’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -16.48 %. However, it did see a marginal increase of 12.7 % from the previous quarter. Expenses ticked up slightly by 17.16 % quarter-on-quarter, aligning with the annual decline of -19.99 %. Operating profit, while down -1.05 % compared to last year, faced a quarter-on-quarter dip of -0.71 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 3.42 %, but a shrinkage of -2.97 % sequentially. Other income rose by 110.96 % compared to the last quarter, despite an annual growth of 81.91 %. Interest expenses surged remarkably by 11.42 % from the previous quarter, yet the year-over-year increase remains at a moderate 0.9 %. Depreciation costs fell by -4.12 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 4.81 %. Profit before tax grew annually by 1.11 % but saw an increase from the preceding quarter by 2.16 %.
Tax expenses as a percentage of profits decreased slightly by -6.24 % compared to last year, with a more notable quarter-on-quarter decrease of -4.94 %. Net profit rose by 10.03 % year-on-year but experienced a 9.36 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 14.05 % but a quarterly rise of 15.62 %. In summary, Solar Industries 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. 1928.54 Cr Rs. 1429.14 Cr Rs. 1610.71 Cr + 12.7 % -16.48 %
Expenses Rs. 1571.08 Cr Rs. 1072.9 Cr Rs. 1257.01 Cr + 17.16 % -19.99 %
Operating Profit Rs. 357.46 Cr Rs. 356.24 Cr Rs. 353.7 Cr -0.71 % -1.05 %
Net Profit Rs. 220.58 Cr Rs. 221.94 Cr Rs. 242.71 Cr + 9.36 % + 10.03 %
EPS in Rs Rs. 22.78 Rs. 22.47 Rs. 25.98 + 15.62 % + 14.05 %


In reviewing Solar Industries India Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -16.48 % year-on-year, however, there was a minor increase of 12.7 % from the previous quarter. Expenses decreased by -19.99 % compared to the previous year, with a 17.16 % increase quarter-on-quarter. Operating Profit dropped by -1.05 % annually, and saw a -0.71 % decrease from the last quarter.
Net Profit showed yearly increase of 10.03 %, and experienced a 9.36 % increase from the previous quarter. Earnings Per Share (EPS) rose by 14.05 % annually, however rose by 15.62 % compared to the last quarter. In essence, while Solar Industries 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.

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