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Share the post "SOMA PAPERS & INDUSTRIES ‘s Q1 Update: Profit Falls by 200% Year-on-Year"
Highlights
- The presented financial data is Standalone to provide a comprehensive overview of the company performance.
- Profit over the Year and quarter: Challenges in sustaining profitability for SOMA PAPERS & INDUSTRIES LTD.. Profit dropped by -196.97 % Year to Year, SOMA PAPERS & INDUSTRIES LTD.’s profitability dropped by -92.9 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -195.83 % Year to Year. EPS decreased by -92.86 % 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. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Expenses | Rs. 0.02 Cr | Rs. 0.49 Cr | Rs. 0.03 Cr | -93.88 % | + 50 % |
| Operating Profit | Rs. -0.02 Cr | Rs. -0.49 Cr | Rs. -0.03 Cr | + 93.88 % | -50 % |
| OPM % | 0 % | 0 % | 0 % | 0 % | 0 % |
| Other Income | Rs. 0.05 Cr | Rs. 0.034 Cr | Rs. 0 Cr | 0 % | 0 % |
| Interest | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Depreciation | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Profit before tax | Rs. 0.03 Cr | Rs. -0.46 Cr | Rs. -0.03 Cr | + 93.48 % | -200 % |
| Tax % | 0 % | -0 % | -0 % | 0 % | 0 % |
| Net Profit | Rs. 0.03 Cr | Rs. -0.45 Cr | Rs. -0.03 Cr | + 93.33 % | -200 % |
| EPS in Rs | Rs. 0.24 | Rs. -3.22 | Rs. -0.23 | + 92.86 % | -195.83 % |
Today, we’re looking at SOMA PAPERS & INDUSTRIES LTD.’s financial performance for the Q1(Jun 2024).Expenses decreased slightly by -93.88 % quarter-on-quarter, aligning with the annual rise of 50 %. Operating profit, while down -50 % compared to last year, faced a quarter-on-quarter increase of 93.88 %, signaling a short-term expansion in margins.
Profit before tax declined annually by -200 % but saw an increase from the preceding quarter by 93.48 %.
Net profit fell by -200 % year-on-year but experienced a 93.33 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -195.83 % but a quarterly rise of 92.86 %. In summary, SOMA PAPERS & INDUSTRIES 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. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Expenses | Rs. 0.02 Cr | Rs. 0.49 Cr | Rs. 0.03 Cr | -93.88 % | + 50 % |
| Operating Profit | Rs. -0.02 Cr | Rs. -0.49 Cr | Rs. -0.03 Cr | + 93.88 % | -50 % |
| Net Profit | Rs. 0.03 Cr | Rs. -0.45 Cr | Rs. -0.03 Cr | + 93.33 % | -200 % |
| EPS in Rs | Rs. 0.24 | Rs. -3.22 | Rs. -0.23 | + 92.86 % | -195.83 % |
In reviewing SOMA PAPERS & INDUSTRIES LTD.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Expenses rose by 50 % compared to the previous year, with a decrease of -93.88 % quarter-on-quarter. Operating Profit dropped by -50 % annually, and saw a 93.88 % increase from the last quarter.
Net Profit showed yearly decrease of -200 %, and experienced a 93.33 % increase from the previous quarter. Earnings Per Share (EPS) fell by -195.83 % annually, however rose by 92.86 % compared to the last quarter. In essence, while SOMA PAPERS & INDUSTRIES 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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