Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 154.55 % in the past year, substantial increase in net sales/revenue by 376 %.
- 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 100 %. Marginal decrease of -11.11% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Spice Islands Apparels ltd.. Profit dropped by -670 % Year to Year, Spice Islands Apparels ltd.’s profitability increased by 60.56 % in this quarter.
- EPS over the Year and quarter: EPS increased by 64.71 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 0.187 Cr | Rs. 0.1 Cr | Rs. 0.476 Cr | + 376 % | + 154.55 % |
| Expenses | Rs. 0.22 Cr | Rs. 0.18 Cr | Rs. 0.49 Cr | + 172.22 % | + 122.73 % |
| Operating Profit | Rs. -0.03 Cr | Rs. -0.08 Cr | Rs. -0.01 Cr | + 87.5 % | + 66.67 % |
| OPM % | -16.04 % | -80 % | -2.1 % | + 77.9 % | + 13.94 % |
| Other Income | Rs. 0.08 Cr | Rs. 0.18 Cr | Rs. 0.16 Cr | -11.11 % | + 100 % |
| Interest | Rs. 0.04 Cr | Rs. 0.02 Cr | Rs. 0.02 Cr | + 0 % | -50 % |
| Depreciation | Rs. 0.01 Cr | Rs. 0.01 Cr | Rs. 0.02 Cr | + 100 % | + 100 % |
| Profit before tax | Rs. 0 Cr | Rs. 0.07 Cr | Rs. 0.11 Cr | + 57.14 % | 0 % |
| Tax % | -2000 % | 0 % | 0 % | 0 % | + 2000 % |
| Net Profit | Rs. -0.02 Cr | Rs. 0.07 Cr | Rs. 0.11 Cr | + 57.14 % | + 650 % |
| EPS in Rs | Rs. 0 | Rs. 0.17 | Rs. 0.28 | + 64.71 % | 0 % |
Today, we’re looking at Spice Islands Apparels ltd.’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 154.55 %. However, it did see a marginal increase of 376 % from the previous quarter. Expenses ticked up slightly by 172.22 % quarter-on-quarter, aligning with the annual rise of 122.73 %. Operating profit, while up 66.67 % compared to last year, faced a quarter-on-quarter increase of 87.5 %, 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 13.94 %, but an expansion of 77.9 % sequentially. Other income fell by -11.11 % compared to the last quarter, despite an annual growth of 100 %. Interest expenses surged remarkably by 0 % from the previous quarter, yet the year-over-year decrease remains at a moderate -50 %. Depreciation costs climbed by 100 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 100 %. but saw an increase from the preceding quarter by 57.14 %.
Tax expenses as a percentage of profits increased slightly by 2000 % compared to last year, Net profit rose by 650 % year-on-year but experienced a 57.14 % expansion from the last quarter. but a quarterly rise of 64.71 %. In summary, Spice Islands Apparels 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. 0.187 Cr | Rs. 0.1 Cr | Rs. 0.476 Cr | + 376 % | + 154.55 % |
| Expenses | Rs. 0.22 Cr | Rs. 0.18 Cr | Rs. 0.49 Cr | + 172.22 % | + 122.73 % |
| Operating Profit | Rs. -0.03 Cr | Rs. -0.08 Cr | Rs. -0.01 Cr | + 87.5 % | + 66.67 % |
| Net Profit | Rs. -0.02 Cr | Rs. 0.07 Cr | Rs. 0.11 Cr | + 57.14 % | + 650 % |
| EPS in Rs | Rs. 0 | Rs. 0.17 | Rs. 0.28 | + 64.71 % | 0 % |
In reviewing Spice Islands Apparels ltd.’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 154.55 % year-on-year growth, however, there was a minor increase of 376 % from the previous quarter. Expenses rose by 122.73 % compared to the previous year, with a 172.22 % increase quarter-on-quarter. Operating Profit surged by 66.67 % annually, and saw a 87.5 % increase from the last quarter.
Net Profit showed yearly increase of 650 %, and experienced a 57.14 % increase from the previous quarter. however rose by 64.71 % compared to the last quarter. In essence, while Spice Islands Apparels 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.
