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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 16.76 % in the past year, decrease in net sales/revenue by -0.92 %.
- 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 8.35 %. Marginal increase in other income during this quarter, up by 18.51%.
- Profit over the Year and quarter: Challenges in sustaining profitability for South India Paper Mills Ltd.. Profit dropped by -31.26 % Year to Year, South India Paper Mills Ltd.’s profitability increased by 4.29 % in this quarter.
- EPS over the Year and quarter: EPS declined by -31.22 % Year to Year. EPS increased by 4.83 % in previous quarter. Positive impact on shareholders.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 76.935 Cr | Rs. 90.659 Cr | Rs. 89.826 Cr | -0.92 % | + 16.76 % |
Expenses | Rs. 74.32 Cr | Rs. 85.38 Cr | Rs. 85.07 Cr | -0.36 % | + 14.46 % |
Operating Profit | Rs. 2.62 Cr | Rs. 5.28 Cr | Rs. 4.76 Cr | -9.85 % | + 81.68 % |
OPM % | 3.41 % | 5.82 % | 5.3 % | -0.52 % | + 1.89 % |
Other Income | Rs. 0.455 Cr | Rs. 0.416 Cr | Rs. 0.493 Cr | + 18.51 % | + 8.35 % |
Interest | Rs. 4.13 Cr | Rs. 4.81 Cr | Rs. 4.92 Cr | + 2.29 % | + 19.13 % |
Depreciation | Rs. 4.47 Cr | Rs. 4.46 Cr | Rs. 4.13 Cr | -7.4 % | -7.61 % |
Profit before tax | Rs. -5.53 Cr | Rs. -3.57 Cr | Rs. -3.8 Cr | -6.44 % | + 31.28 % |
Tax % | -25.16 % | -23.65 % | -25.17 % | -1.52 % | -0.01 % |
Net Profit | Rs. -4.14 Cr | Rs. -2.73 Cr | Rs. -2.85 Cr | -4.4 % | + 31.16 % |
EPS in Rs | Rs. -2.21 | Rs. -1.45 | Rs. -1.52 | -4.83 % | + 31.22 % |
Today, we’re looking at South India Paper Mills 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 16.76 %. However, it did see a marginal slip of -0.92 % from the previous quarter. Expenses decreased slightly by -0.36 % quarter-on-quarter, aligning with the annual rise of 14.46 %. Operating profit, while up 81.68 % compared to last year, faced a quarter-on-quarter dip of -9.85 %, 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 1.89 %, but a shrinkage of -0.52 % sequentially. Other income rose by 18.51 % compared to the last quarter, despite an annual growth of 8.35 %. Interest expenses surged remarkably by 2.29 % from the previous quarter, yet the year-over-year increase remains at a moderate 19.13 %. Depreciation costs fell by -7.4 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -7.61 %. Profit before tax grew annually by 31.28 % but saw a reduction from the preceding quarter by -6.44 %.
Tax expenses as a percentage of profits decreased slightly by -0.01 % compared to last year, with a more notable quarter-on-quarter decrease of -1.52 %. Net profit rose by 31.16 % year-on-year but witnessed a -4.4 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 31.22 % but a quarterly fall of -4.83 %. In summary, South India Paper Mills 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. 76.935 Cr | Rs. 90.659 Cr | Rs. 89.826 Cr | -0.92 % | + 16.76 % |
Expenses | Rs. 74.32 Cr | Rs. 85.38 Cr | Rs. 85.07 Cr | -0.36 % | + 14.46 % |
Operating Profit | Rs. 2.62 Cr | Rs. 5.28 Cr | Rs. 4.76 Cr | -9.85 % | + 81.68 % |
Net Profit | Rs. -4.14 Cr | Rs. -2.73 Cr | Rs. -2.85 Cr | -4.4 % | + 31.16 % |
EPS in Rs | Rs. -2.21 | Rs. -1.45 | Rs. -1.52 | -4.83 % | + 31.22 % |
In reviewing South India Paper Mills Ltd.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 16.76 % year-on-year growth, although there was a slight dip of -0.92 % from the previous quarter. Expenses rose by 14.46 % compared to the previous year, with a decrease of -0.36 % quarter-on-quarter. Operating Profit surged by 81.68 % annually, and saw a -9.85 % decrease from the last quarter.
Net Profit showed yearly increase of 31.16 %, and experienced a -4.4 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 31.22 % annually, however dipped by -4.83 % compared to the last quarter. In essence, while South India Paper Mills Ltd. exhibits strong annual growth indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.
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