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Highlights
- The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company experienced a substantial growth of 119.17 % in the past year, substantial increase in net sales/revenue by 77.55 %.
- 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 5200 %. Marginal decrease of -71.35% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Sprayking Agro Equipment Limited. Notable increase of 126.2 % in net profit Year to Year, Sprayking Agro Equipment Limited’s profitability increased by 32.88 % in this quarter.
- EPS over the Year and quarter: EPS declined by -73.17 % Year to Year. EPS decreased by -63.03 % 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. 16.339 Cr | Rs. 20.169 Cr | Rs. 35.811 Cr | + 77.55 % | + 119.17 % |
| Expenses | Rs. 14.33 Cr | Rs. 16.96 Cr | Rs. 31.42 Cr | + 85.26 % | + 119.26 % |
| Operating Profit | Rs. 2.01 Cr | Rs. 3.21 Cr | Rs. 4.39 Cr | + 36.76 % | + 118.41 % |
| OPM % | 12.3 % | 15.92 % | 12.26 % | -3.66 % | -0.04 % |
| Other Income | Rs. 0.001 Cr | Rs. 0.185 Cr | Rs. 0.053 Cr | -71.35 % | + 5200 % |
| Interest | Rs. 0.24 Cr | Rs. 0.64 Cr | Rs. 0.43 Cr | -32.81 % | + 79.17 % |
| Depreciation | Rs. 0.38 Cr | Rs. 0.72 Cr | Rs. 0.71 Cr | -1.39 % | + 86.84 % |
| Profit before tax | Rs. 1.39 Cr | Rs. 2.04 Cr | Rs. 3.3 Cr | + 61.76 % | + 137.41 % |
| Tax % | 25.75 % | 13.17 % | 28.83 % | + 15.66 % | + 3.08 % |
| Net Profit | Rs. 1.04 Cr | Rs. 1.77 Cr | Rs. 2.35 Cr | + 32.77 % | + 125.96 % |
| EPS in Rs | Rs. 1.64 | Rs. 1.19 | Rs. 0.44 | -63.03 % | -73.17 % |
Today, we’re looking at Sprayking Agro Equipment Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 119.17 %. However, it did see a marginal increase of 77.55 % from the previous quarter. Expenses ticked up slightly by 85.26 % quarter-on-quarter, aligning with the annual rise of 119.26 %. Operating profit, while up 118.41 % compared to last year, faced a quarter-on-quarter increase of 36.76 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -0.04 %, but a shrinkage of -3.66 % sequentially. Other income fell by -71.35 % compared to the last quarter, despite an annual growth of 5200 %. Interest expenses dropped significantly by -32.81 % from the previous quarter, yet the year-over-year increase remains at a moderate 79.17 %. Depreciation costs fell by -1.39 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 86.84 %. Profit before tax grew annually by 137.41 % but saw an increase from the preceding quarter by 61.76 %.
Tax expenses as a percentage of profits increased slightly by 3.08 % compared to last year, with a more notable quarter-on-quarter increase of 15.66 %. Net profit rose by 125.96 % year-on-year but experienced a 32.77 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -73.17 % but a quarterly fall of -63.03 %. In summary, Sprayking Agro Equipment 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. 16.339 Cr | Rs. 20.169 Cr | Rs. 35.811 Cr | + 77.55 % | + 119.17 % |
| Expenses | Rs. 14.33 Cr | Rs. 16.96 Cr | Rs. 31.42 Cr | + 85.26 % | + 119.26 % |
| Operating Profit | Rs. 2.01 Cr | Rs. 3.21 Cr | Rs. 4.39 Cr | + 36.76 % | + 118.41 % |
| Net Profit | Rs. 1.04 Cr | Rs. 1.77 Cr | Rs. 2.35 Cr | + 32.77 % | + 125.96 % |
| EPS in Rs | Rs. 1.64 | Rs. 1.19 | Rs. 0.44 | -63.03 % | -73.17 % |
In reviewing Sprayking Agro Equipment Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 119.17 % year-on-year growth, however, there was a minor increase of 77.55 % from the previous quarter. Expenses rose by 119.26 % compared to the previous year, with a 85.26 % increase quarter-on-quarter. Operating Profit surged by 118.41 % annually, and saw a 36.76 % increase from the last quarter.
Net Profit showed yearly increase of 125.96 %, and experienced a 32.77 % increase from the previous quarter. Earnings Per Share (EPS) fell by -73.17 % annually, however dipped by -63.03 % compared to the last quarter. In essence, while Sprayking Agro Equipment 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.
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