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Highlights
- The presented financial data is Standalone to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company experienced a substantial growth of 46.16 % in the past year, substantial increase in net sales/revenue by 19.46 %.
- 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 140 %. Marginal increase in other income during this quarter, up by 124.49%.
- Profit over the Year and quarter: Significant improvement in profitability for Source Natural Foods & Herbal Suppl Ltd. Notable increase of 56.72 % in net profit Year to Year, Source Natural Foods & Herbal Suppl Ltd’s profitability increased by 30.43 % in this quarter.
- EPS over the Year and quarter: EPS increased by 54.76 % Year to Year. EPS increased by 30 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 5.581 Cr | Rs. 6.828 Cr | Rs. 8.157 Cr | + 19.46 % | + 46.16 % |
| Expenses | Rs. 5.08 Cr | Rs. 5.35 Cr | Rs. 7.27 Cr | + 35.89 % | + 43.11 % |
| Operating Profit | Rs. 0.5 Cr | Rs. 1.48 Cr | Rs. 0.89 Cr | -39.86 % | + 78 % |
| OPM % | 8.96 % | 21.68 % | 10.91 % | -10.77 % | + 1.95 % |
| Other Income | Rs. 0.005 Cr | Rs. -0.049 Cr | Rs. 0.012 Cr | + 124.49 % | + 140 % |
| Interest | Rs. 0.04 Cr | Rs. 0.04 Cr | Rs. 0.08 Cr | + 100 % | + 100 % |
| Depreciation | Rs. 0.1 Cr | Rs. 0.26 Cr | Rs. 0.26 Cr | + 0 % | + 160 % |
| Profit before tax | Rs. 0.37 Cr | Rs. 1.13 Cr | Rs. 0.56 Cr | -50.44 % | + 51.35 % |
| Tax % | 25.97 % | 71.6 % | 26.1 % | -45.5 % | + 0.13 % |
| Net Profit | Rs. 0.27 Cr | Rs. 0.32 Cr | Rs. 0.42 Cr | + 31.25 % | + 55.56 % |
| EPS in Rs | Rs. 0.42 | Rs. 0.5 | Rs. 0.65 | + 30 % | + 54.76 % |
Today, we’re looking at Source Natural Foods & Herbal Suppl 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 46.16 %. However, it did see a marginal increase of 19.46 % from the previous quarter. Expenses ticked up slightly by 35.89 % quarter-on-quarter, aligning with the annual rise of 43.11 %. Operating profit, while up 78 % compared to last year, faced a quarter-on-quarter dip of -39.86 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 1.95 %, but a shrinkage of -10.77 % sequentially. Other income rose by 124.49 % compared to the last quarter, despite an annual growth of 140 %. Interest expenses surged remarkably by 100 % from the previous quarter, yet the year-over-year increase remains at a moderate 100 %. Depreciation costs climbed by 0 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 160 %. Profit before tax grew annually by 51.35 % but saw a reduction from the preceding quarter by -50.44 %.
Tax expenses as a percentage of profits increased slightly by 0.13 % compared to last year, with a more notable quarter-on-quarter decrease of -45.5 %. Net profit rose by 55.56 % year-on-year but experienced a 31.25 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 54.76 % but a quarterly rise of 30 %. In summary, Source Natural Foods & Herbal Suppl 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. 5.581 Cr | Rs. 6.828 Cr | Rs. 8.157 Cr | + 19.46 % | + 46.16 % |
| Expenses | Rs. 5.08 Cr | Rs. 5.35 Cr | Rs. 7.27 Cr | + 35.89 % | + 43.11 % |
| Operating Profit | Rs. 0.5 Cr | Rs. 1.48 Cr | Rs. 0.89 Cr | -39.86 % | + 78 % |
| Net Profit | Rs. 0.27 Cr | Rs. 0.32 Cr | Rs. 0.42 Cr | + 31.25 % | + 55.56 % |
| EPS in Rs | Rs. 0.42 | Rs. 0.5 | Rs. 0.65 | + 30 % | + 54.76 % |
In reviewing Source Natural Foods & Herbal Suppl Ltd’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 46.16 % year-on-year growth, however, there was a minor increase of 19.46 % from the previous quarter. Expenses rose by 43.11 % compared to the previous year, with a 35.89 % increase quarter-on-quarter. Operating Profit surged by 78 % annually, and saw a -39.86 % decrease from the last quarter.
Net Profit showed yearly increase of 55.56 %, and experienced a 31.25 % increase from the previous quarter. Earnings Per Share (EPS) rose by 54.76 % annually, however rose by 30 % compared to the last quarter. In essence, while Source Natural Foods & Herbal Suppl 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.
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