Share the post "SOMI CONVEYOR BELTINGS : Q4 2024 Financial Quarterly Report : YoY Sales Down 0.89 %, QoQ Up 104.95 %"
Highlights
- Sales over the Year and quarter: The company’s sales declined by -0.89 % over the year, substantial increase in net sales/revenue by 104.95 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -40 %, Marginal decrease of -62.5% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for SOMI CONVEYOR BELTINGS LIMITED. Profit dropped by -4.94 % Year to Year, SOMI CONVEYOR BELTINGS LIMITED’s profitability increased by 147.05 % in this quarter.
- EPS over the Year and quarter: EPS declined by -4.76 % Year to Year. EPS increased by 146.15 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 38.787 Cr | Rs. 18.756 Cr | Rs. 38.441 Cr | + 104.95 % | -0.89 % |
| Expenses | Rs. 35.65 Cr | Rs. 17.1 Cr | Rs. 35.13 Cr | + 105.44 % | -1.46 % |
| Operating Profit | Rs. 3.14 Cr | Rs. 1.66 Cr | Rs. 3.31 Cr | + 99.4 % | + 5.41 % |
| OPM % | 8.1 % | 8.85 % | 8.61 % | -0.24 % | + 0.51 % |
| Other Income | Rs. 0.05 Cr | Rs. 0.08 Cr | Rs. 0.03 Cr | -62.5 % | -40 % |
| Interest | Rs. 0.62 Cr | Rs. 0.42 Cr | Rs. 0.49 Cr | + 16.67 % | -20.97 % |
| Depreciation | Rs. 0.28 Cr | Rs. 0.29 Cr | Rs. 0.33 Cr | + 13.79 % | + 17.86 % |
| Profit before tax | Rs. 2.29 Cr | Rs. 1.03 Cr | Rs. 2.52 Cr | + 144.66 % | + 10.04 % |
| Tax % | 13.33 % | 25.2 % | 25.24 % | + 0.04 % | + 11.91 % |
| Net Profit | Rs. 1.98 Cr | Rs. 0.76 Cr | Rs. 1.89 Cr | + 148.68 % | -4.55 % |
| EPS in Rs | Rs. 1.68 | Rs. 0.65 | Rs. 1.6 | + 146.15 % | -4.76 % |
Today, we’re looking at SOMI CONVEYOR BELTINGS 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 -0.89 %. However, it did see a marginal increase of 104.95 % from the previous quarter. Expenses ticked up slightly by 105.44 % quarter-on-quarter, aligning with the annual decline of -1.46 %. Operating profit, while up 5.41 % compared to last year, faced a quarter-on-quarter increase of 99.4 %, 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 0.51 %, but a shrinkage of -0.24 % sequentially. Other income fell by -62.5 % compared to the last quarter, despite an annual decline of -40 %. Interest expenses surged remarkably by 16.67 % from the previous quarter, yet the year-over-year decrease remains at a moderate -20.97 %. Depreciation costs climbed by 13.79 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 17.86 %. Profit before tax grew annually by 10.04 % but saw an increase from the preceding quarter by 144.66 %.
Tax expenses as a percentage of profits increased slightly by 11.91 % compared to last year, with a more notable quarter-on-quarter increase of 0.04 %. Net profit fell by -4.55 % year-on-year but experienced a 148.68 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -4.76 % but a quarterly rise of 146.15 %. In summary, SOMI CONVEYOR BELTINGS 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. 38.787 Cr | Rs. 18.756 Cr | Rs. 38.441 Cr | + 104.95 % | -0.89 % |
| Expenses | Rs. 35.65 Cr | Rs. 17.1 Cr | Rs. 35.13 Cr | + 105.44 % | -1.46 % |
| Operating Profit | Rs. 3.14 Cr | Rs. 1.66 Cr | Rs. 3.31 Cr | + 99.4 % | + 5.41 % |
| Net Profit | Rs. 1.98 Cr | Rs. 0.76 Cr | Rs. 1.89 Cr | + 148.68 % | -4.55 % |
| EPS in Rs | Rs. 1.68 | Rs. 0.65 | Rs. 1.6 | + 146.15 % | -4.76 % |
In reviewing SOMI CONVEYOR BELTINGS LIMITED’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -0.89 % year-on-year, however, there was a minor increase of 104.95 % from the previous quarter. Expenses decreased by -1.46 % compared to the previous year, with a 105.44 % increase quarter-on-quarter. Operating Profit surged by 5.41 % annually, and saw a 99.4 % increase from the last quarter.
Net Profit showed yearly decrease of -4.55 %, and experienced a 148.68 % increase from the previous quarter. Earnings Per Share (EPS) fell by -4.76 % annually, however rose by 146.15 % compared to the last quarter. In essence, while SOMI CONVEYOR BELTINGS 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.
