Som Distilleries & Breweries announced Financial Results Q1 2024

The comprehensive analytics outlining the performance and outlook of Som Distilleries & Breweries 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.

Today, we’re looking at Som Distilleries & Breweries Ltd.’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 33.49 %. However, it did see a marginal increase of 37.09 % from the previous quarter. Expenses ticked up slightly by 36.12 % quarter-on-quarter, aligning with the annual rise of 33.58 %. Operating profit, while up 32.25 % compared to last year, faced a quarter-on-quarter increase of 53.21 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -0.06 %, but an expansion of 0.67 % sequentially. Other income fell by -81.91 % compared to the last quarter, despite an annual decline of -58.89 %. Interest expenses dropped significantly by -21.78 % from the previous quarter, yet the year-over-year decrease remains at a moderate -13.88 %. Depreciation costs climbed by 3.23 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 42.15 %. Profit before tax grew annually by 31.27 % but saw an increase from the preceding quarter by 54.98 %.
Tax expenses as a percentage of profits increased slightly by 6.49 % compared to last year, with a more notable quarter-on-quarter decrease of -17.09 %. Net profit rose by 20.43 % year-on-year but experienced a 102.85 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -53.38 % but a quarterly fall of -19.46 %. In summary, Som Distilleries & Breweries Ltd.’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.

In reviewing Som Distilleries & Breweries Ltd.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 33.49 % year-on-year growth, however, there was a minor increase of 37.09 % from the previous quarter. Expenses rose by 33.58 % compared to the previous year, with a 36.12 % increase quarter-on-quarter. Operating Profit surged by 32.25 % annually, and saw a 53.21 % increase from the last quarter.
Net Profit showed yearly increase of 20.43 %, and experienced a 102.85 % increase from the previous quarter. Earnings Per Share (EPS) fell by -53.38 % annually, however dipped by -19.46 % compared to the last quarter. In essence, while Som Distilleries & Breweries 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.