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Highlights
- Sales over the Year and quarter: The company’s sales declined by -18.76 % over the year, substantial increase in net sales/revenue by 17.97 %.
- 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 20 %. Marginal decrease of -29.41% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Solitaire Machine Tools Ltd. Notable increase of 3.58 % in net profit Year to Year, Solitaire Machine Tools Ltd’s profitability increased by 86.55 % in this quarter.
- EPS over the Year and quarter: EPS increased by 3.52 % Year to Year. EPS increased by 86.08 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 8.144 Cr | Rs. 5.608 Cr | Rs. 6.616 Cr | + 17.97 % | -18.76 % |
| Expenses | Rs. 7.28 Cr | Rs. 5.08 Cr | Rs. 5.75 Cr | + 13.19 % | -21.02 % |
| Operating Profit | Rs. 0.86 Cr | Rs. 0.53 Cr | Rs. 0.87 Cr | + 64.15 % | + 1.16 % |
| OPM % | 10.56 % | 9.45 % | 13.15 % | + 3.7 % | + 2.59 % |
| Other Income | Rs. 0.1 Cr | Rs. 0.17 Cr | Rs. 0.12 Cr | -29.41 % | + 20 % |
| Interest | Rs. 0.03 Cr | Rs. 0.01 Cr | Rs. 0.01 Cr | + 0 % | -66.67 % |
| Depreciation | Rs. 0.15 Cr | Rs. 0.16 Cr | Rs. 0.08 Cr | -50 % | -46.67 % |
| Profit before tax | Rs. 0.78 Cr | Rs. 0.53 Cr | Rs. 0.9 Cr | + 69.81 % | + 15.38 % |
| Tax % | 18.81 % | 32 % | 25.14 % | -6.86 % | + 6.33 % |
| Net Profit | Rs. 0.64 Cr | Rs. 0.36 Cr | Rs. 0.67 Cr | + 86.11 % | + 4.69 % |
| EPS in Rs | Rs. 1.42 | Rs. 0.79 | Rs. 1.47 | + 86.08 % | + 3.52 % |
Today, we’re looking at Solitaire Machine Tools Ltd’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -18.76 %. However, it did see a marginal increase of 17.97 % from the previous quarter. Expenses ticked up slightly by 13.19 % quarter-on-quarter, aligning with the annual decline of -21.02 %. Operating profit, while up 1.16 % compared to last year, faced a quarter-on-quarter increase of 64.15 %, 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 2.59 %, but an expansion of 3.7 % sequentially. Other income fell by -29.41 % compared to the last quarter, despite an annual growth of 20 %. Interest expenses surged remarkably by 0 % from the previous quarter, yet the year-over-year decrease remains at a moderate -66.67 %. Depreciation costs fell by -50 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -46.67 %. Profit before tax grew annually by 15.38 % but saw an increase from the preceding quarter by 69.81 %.
Tax expenses as a percentage of profits increased slightly by 6.33 % compared to last year, with a more notable quarter-on-quarter decrease of -6.86 %. Net profit rose by 4.69 % year-on-year but experienced a 86.11 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 3.52 % but a quarterly rise of 86.08 %. In summary, Solitaire Machine Tools 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. 8.144 Cr | Rs. 5.608 Cr | Rs. 6.616 Cr | + 17.97 % | -18.76 % |
| Expenses | Rs. 7.28 Cr | Rs. 5.08 Cr | Rs. 5.75 Cr | + 13.19 % | -21.02 % |
| Operating Profit | Rs. 0.86 Cr | Rs. 0.53 Cr | Rs. 0.87 Cr | + 64.15 % | + 1.16 % |
| Net Profit | Rs. 0.64 Cr | Rs. 0.36 Cr | Rs. 0.67 Cr | + 86.11 % | + 4.69 % |
| EPS in Rs | Rs. 1.42 | Rs. 0.79 | Rs. 1.47 | + 86.08 % | + 3.52 % |
In reviewing Solitaire Machine Tools Ltd’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -18.76 % year-on-year, however, there was a minor increase of 17.97 % from the previous quarter. Expenses decreased by -21.02 % compared to the previous year, with a 13.19 % increase quarter-on-quarter. Operating Profit surged by 1.16 % annually, and saw a 64.15 % increase from the last quarter.
Net Profit showed yearly increase of 4.69 %, and experienced a 86.11 % increase from the previous quarter. Earnings Per Share (EPS) rose by 3.52 % annually, however rose by 86.08 % compared to the last quarter. In essence, while Solitaire Machine Tools 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.
