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Highlights
- The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company’s sales declined by -29.53 % over the year, decrease in net sales/revenue by -41.71 %.
- 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 75 %. Marginal increase in other income during this quarter, up by 40%.
- Profit over the Year and quarter: Challenges in sustaining profitability for Solid Stone Company Ltd.. Profit dropped by -84.13 % Year to Year, Solid Stone Company Ltd.’s profitability dropped by -86.11 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -85.11 % Year to Year. EPS decreased by -86.79 % in previous quarter. Analysis needed for shareholder value.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 6.024 Cr | Rs. 7.283 Cr | Rs. 4.245 Cr | -41.71 % | -29.53 % |
| Expenses | Rs. 4.89 Cr | Rs. 6.24 Cr | Rs. 3.48 Cr | -44.23 % | -28.83 % |
| Operating Profit | Rs. 1.13 Cr | Rs. 1.04 Cr | Rs. 0.77 Cr | -25.96 % | -31.86 % |
| OPM % | 18.76 % | 14.28 % | 18.14 % | + 3.86 % | -0.62 % |
| Other Income | Rs. 0.016 Cr | Rs. 0.02 Cr | Rs. 0.028 Cr | + 40 % | + 75 % |
| Interest | Rs. 0.6 Cr | Rs. 0.55 Cr | Rs. 0.51 Cr | -7.27 % | -15 % |
| Depreciation | Rs. 0.22 Cr | Rs. 0.23 Cr | Rs. 0.23 Cr | + 0 % | + 4.55 % |
| Profit before tax | Rs. 0.33 Cr | Rs. 0.28 Cr | Rs. 0.06 Cr | -78.57 % | -81.82 % |
| Tax % | 24.78 % | 4.47 % | 2.22 % | -2.25 % | -22.56 % |
| Net Profit | Rs. 0.25 Cr | Rs. 0.29 Cr | Rs. 0.04 Cr | -86.21 % | -84 % |
| EPS in Rs | Rs. 0.47 | Rs. 0.53 | Rs. 0.07 | -86.79 % | -85.11 % |
Today, we’re looking at Solid Stone Company Ltd.’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -29.53 %. However, it did see a marginal slip of -41.71 % from the previous quarter. Expenses decreased slightly by -44.23 % quarter-on-quarter, aligning with the annual decline of -28.83 %. Operating profit, while down -31.86 % compared to last year, faced a quarter-on-quarter dip of -25.96 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -0.62 %, but an expansion of 3.86 % sequentially. Other income rose by 40 % compared to the last quarter, despite an annual growth of 75 %. Interest expenses dropped significantly by -7.27 % from the previous quarter, yet the year-over-year decrease remains at a moderate -15 %. Depreciation costs climbed by 0 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 4.55 %. Profit before tax declined annually by -81.82 % but saw a reduction from the preceding quarter by -78.57 %.
Tax expenses as a percentage of profits decreased slightly by -22.56 % compared to last year, with a more notable quarter-on-quarter decrease of -2.25 %. Net profit fell by -84 % year-on-year but witnessed a -86.21 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -85.11 % but a quarterly fall of -86.79 %. In summary, Solid Stone Company 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. 6.024 Cr | Rs. 7.283 Cr | Rs. 4.245 Cr | -41.71 % | -29.53 % |
| Expenses | Rs. 4.89 Cr | Rs. 6.24 Cr | Rs. 3.48 Cr | -44.23 % | -28.83 % |
| Operating Profit | Rs. 1.13 Cr | Rs. 1.04 Cr | Rs. 0.77 Cr | -25.96 % | -31.86 % |
| Net Profit | Rs. 0.25 Cr | Rs. 0.29 Cr | Rs. 0.04 Cr | -86.21 % | -84 % |
| EPS in Rs | Rs. 0.47 | Rs. 0.53 | Rs. 0.07 | -86.79 % | -85.11 % |
In reviewing Solid Stone Company Ltd.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -29.53 % year-on-year, although there was a slight dip of -41.71 % from the previous quarter. Expenses decreased by -28.83 % compared to the previous year, with a decrease of -44.23 % quarter-on-quarter. Operating Profit dropped by -31.86 % annually, and saw a -25.96 % decrease from the last quarter.
Net Profit showed yearly decrease of -84 %, and experienced a -86.21 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -85.11 % annually, however dipped by -86.79 % compared to the last quarter. In essence, while Solid Stone Company Ltd. faces strong annual decline 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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