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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 18.32 % in the past year, decrease in net sales/revenue by -51.71 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -78.95 %, Marginal decrease of -80% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Sree chem Resins Ltd. Profit dropped by -109.21 % Year to Year, Sree chem Resins Ltd’s profitability dropped by -93.24 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -110.53 % Year to Year. EPS decreased by -92.45 % 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. 7.288 Cr | Rs. 17.856 Cr | Rs. 8.623 Cr | -51.71 % | + 18.32 % |
| Expenses | Rs. 7.7 Cr | Rs. 15.87 Cr | Rs. 8.38 Cr | -47.2 % | + 8.83 % |
| Operating Profit | Rs. -0.41 Cr | Rs. 1.99 Cr | Rs. 0.24 Cr | -87.94 % | + 158.54 % |
| OPM % | -5.63 % | 11.14 % | 2.78 % | -8.36 % | + 8.41 % |
| Other Income | Rs. 0.019 Cr | Rs. 0.02 Cr | Rs. 0.004 Cr | -80 % | -78.95 % |
| Interest | Rs. 0.09 Cr | Rs. 0.2 Cr | Rs. 0.07 Cr | -65 % | -22.22 % |
| Depreciation | Rs. 0.13 Cr | Rs. 0.11 Cr | Rs. 0.12 Cr | + 9.09 % | -7.69 % |
| Profit before tax | Rs. -0.61 Cr | Rs. 1.7 Cr | Rs. 0.05 Cr | -97.06 % | + 108.2 % |
| Tax % | -0 % | 51.18 % | 0 % | -51.18 % | 0 % |
| Net Profit | Rs. -0.61 Cr | Rs. 0.83 Cr | Rs. 0.06 Cr | -92.77 % | + 109.84 % |
| EPS in Rs | Rs. -1.52 | Rs. 2.12 | Rs. 0.16 | -92.45 % | + 110.53 % |
Today, we’re looking at Sree chem Resins 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 18.32 %. However, it did see a marginal slip of -51.71 % from the previous quarter. Expenses decreased slightly by -47.2 % quarter-on-quarter, aligning with the annual rise of 8.83 %. Operating profit, while up 158.54 % compared to last year, faced a quarter-on-quarter dip of -87.94 %, 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 8.41 %, but a shrinkage of -8.36 % sequentially. Other income fell by -80 % compared to the last quarter, despite an annual decline of -78.95 %. Interest expenses dropped significantly by -65 % from the previous quarter, yet the year-over-year decrease remains at a moderate -22.22 %. Depreciation costs climbed by 9.09 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -7.69 %. Profit before tax grew annually by 108.2 % but saw a reduction from the preceding quarter by -97.06 %.
with a more notable quarter-on-quarter decrease of -51.18 %. Net profit rose by 109.84 % year-on-year but witnessed a -92.77 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 110.53 % but a quarterly fall of -92.45 %. In summary, Sree chem Resins 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. 7.288 Cr | Rs. 17.856 Cr | Rs. 8.623 Cr | -51.71 % | + 18.32 % |
| Expenses | Rs. 7.7 Cr | Rs. 15.87 Cr | Rs. 8.38 Cr | -47.2 % | + 8.83 % |
| Operating Profit | Rs. -0.41 Cr | Rs. 1.99 Cr | Rs. 0.24 Cr | -87.94 % | + 158.54 % |
| Net Profit | Rs. -0.61 Cr | Rs. 0.83 Cr | Rs. 0.06 Cr | -92.77 % | + 109.84 % |
| EPS in Rs | Rs. -1.52 | Rs. 2.12 | Rs. 0.16 | -92.45 % | + 110.53 % |
In reviewing Sree chem Resins Ltd’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 18.32 % year-on-year growth, although there was a slight dip of -51.71 % from the previous quarter. Expenses rose by 8.83 % compared to the previous year, with a decrease of -47.2 % quarter-on-quarter. Operating Profit surged by 158.54 % annually, and saw a -87.94 % decrease from the last quarter.
Net Profit showed yearly increase of 109.84 %, and experienced a -92.77 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 110.53 % annually, however dipped by -92.45 % compared to the last quarter. In essence, while Sree chem Resins 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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