Share the post "Sri Lakshmi Saraswathi Textiles (Ar : Q4 2024 Financial Quarterly Report : YoY Sales Down 17.75 %, QoQ Down 7.67 %"
Highlights
- Sales over the Year and quarter: The company’s sales declined by -17.75 % over the year, decrease in net sales/revenue by -7.67 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -22.22 %, Marginal increase in other income during this quarter, up by 425%.
- Profit over the Year and quarter: Challenges in sustaining profitability for Sri Lakshmi Saraswathi Textiles (Ar. Profit dropped by -25.26 % Year to Year, Sri Lakshmi Saraswathi Textiles (Ar’s profitability dropped by -28.55 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -21.35 % Year to Year. EPS decreased by -24.84 % 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. 34.403 Cr | Rs. 30.647 Cr | Rs. 28.296 Cr | -7.67 % | -17.75 % |
| Expenses | Rs. 38.41 Cr | Rs. 34.5 Cr | Rs. 31.36 Cr | -9.1 % | -18.35 % |
| Operating Profit | Rs. -4.01 Cr | Rs. -3.85 Cr | Rs. -3.06 Cr | + 20.52 % | + 23.69 % |
| OPM % | -11.66 % | -12.56 % | -10.81 % | + 1.75 % | + 0.85 % |
| Other Income | Rs. 0.27 Cr | Rs. 0.04 Cr | Rs. 0.21 Cr | + 425 % | -22.22 % |
| Interest | Rs. 1.16 Cr | Rs. 1.33 Cr | Rs. 0.69 Cr | -48.12 % | -40.52 % |
| Depreciation | Rs. 0.5 Cr | Rs. 0.49 Cr | Rs. 0.48 Cr | -2.04 % | -4 % |
| Profit before tax | Rs. -5.4 Cr | Rs. -5.63 Cr | Rs. -4.02 Cr | + 28.6 % | + 25.56 % |
| Tax % | -0 % | -0 % | -0 % | 0 % | 0 % |
| Net Profit | Rs. -5.39 Cr | Rs. -5.64 Cr | Rs. -4.03 Cr | + 28.55 % | + 25.23 % |
| EPS in Rs | Rs. -16.16 | Rs. -16.91 | Rs. -12.71 | + 24.84 % | + 21.35 % |
Today, we’re looking at Sri Lakshmi Saraswathi Textiles (Ar’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -17.75 %. However, it did see a marginal slip of -7.67 % from the previous quarter. Expenses decreased slightly by -9.1 % quarter-on-quarter, aligning with the annual decline of -18.35 %. Operating profit, while up 23.69 % compared to last year, faced a quarter-on-quarter increase of 20.52 %, 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 0.85 %, but an expansion of 1.75 % sequentially. Other income rose by 425 % compared to the last quarter, despite an annual decline of -22.22 %. Interest expenses dropped significantly by -48.12 % from the previous quarter, yet the year-over-year decrease remains at a moderate -40.52 %. Depreciation costs fell by -2.04 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -4 %. Profit before tax grew annually by 25.56 % but saw an increase from the preceding quarter by 28.6 %.
Net profit rose by 25.23 % year-on-year but experienced a 28.55 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 21.35 % but a quarterly rise of 24.84 %. In summary, Sri Lakshmi Saraswathi Textiles (Ar’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. 34.403 Cr | Rs. 30.647 Cr | Rs. 28.296 Cr | -7.67 % | -17.75 % |
| Expenses | Rs. 38.41 Cr | Rs. 34.5 Cr | Rs. 31.36 Cr | -9.1 % | -18.35 % |
| Operating Profit | Rs. -4.01 Cr | Rs. -3.85 Cr | Rs. -3.06 Cr | + 20.52 % | + 23.69 % |
| Net Profit | Rs. -5.39 Cr | Rs. -5.64 Cr | Rs. -4.03 Cr | + 28.55 % | + 25.23 % |
| EPS in Rs | Rs. -16.16 | Rs. -16.91 | Rs. -12.71 | + 24.84 % | + 21.35 % |
In reviewing Sri Lakshmi Saraswathi Textiles (Ar’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -17.75 % year-on-year, although there was a slight dip of -7.67 % from the previous quarter. Expenses decreased by -18.35 % compared to the previous year, with a decrease of -9.1 % quarter-on-quarter. Operating Profit surged by 23.69 % annually, and saw a 20.52 % increase from the last quarter.
Net Profit showed yearly increase of 25.23 %, and experienced a 28.55 % increase from the previous quarter. Earnings Per Share (EPS) rose by 21.35 % annually, however rose by 24.84 % compared to the last quarter. In essence, while Sri Lakshmi Saraswathi Textiles (Ar 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.
