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Sri Nachammai Cotton Mills : Q4 2024 Financial Quarterly Report : YoY Sales Down 5.05 %, QoQ Up 76.15 %

June 21, 2024June 21, 2024| adminadmin| 0 Comments| 1:35 pm
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Highlights

  • Sales over the Year and quarter: The company’s sales declined by -5.05 % over the year, substantial increase in net sales/revenue by 76.15 %.
  • Income over the Year and quarter: There has been decline in other income over the past year which is -50 %, Marginal increase in other income during this quarter, up by 10.71%.
  • Profit over the Year and quarter: Challenges in sustaining profitability for Sri Nachammai Cotton Mills Ltd.. Profit dropped by -111.17 % Year to Year, Sri Nachammai Cotton Mills Ltd.’s profitability dropped by -115.24 % Quarter to Quarter.
  • EPS over the Year and quarter: EPS declined by -111.19 % Year to Year. EPS decreased by -115.23 % in previous quarter. Analysis needed for shareholder value.

The comprehensive analytics outlining the performance and outlook of Sri Nachammai Cotton Mills Ltd.”s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

Metrics Previous Year Previous Quarter Current Quarter Quarter to Quarter Difference Year to Year Difference
Sales Rs. 19.543 Cr Rs. 10.535 Cr Rs. 18.557 Cr + 76.15 % -5.05 %
Expenses Rs. 22.55 Cr Rs. 11.46 Cr Rs. 17.18 Cr + 49.91 % -23.81 %
Operating Profit Rs. -3.01 Cr Rs. -0.93 Cr Rs. 1.38 Cr + 248.39 % + 145.85 %
OPM % -15.4 % -8.83 % 7.44 % + 16.27 % + 22.84 %
Other Income Rs. 0.62 Cr Rs. 0.28 Cr Rs. 0.31 Cr + 10.71 % -50 %
Interest Rs. 0.65 Cr Rs. 0.75 Cr Rs. 0.79 Cr + 5.33 % + 21.54 %
Depreciation Rs. 0.28 Cr Rs. 0.29 Cr Rs. 0.29 Cr + 0 % + 3.57 %
Profit before tax Rs. -3.32 Cr Rs. -1.69 Cr Rs. 0.61 Cr + 136.09 % + 118.37 %
Tax % -46.9 % -23.26 % 67.17 % + 90.43 % + 114.07 %
Net Profit Rs. -1.76 Cr Rs. -1.29 Cr Rs. 0.2 Cr + 115.5 % + 111.36 %
EPS in Rs Rs. -4.11 Rs. -3.02 Rs. 0.46 + 115.23 % + 111.19 %


Today, we’re looking at Sri Nachammai Cotton Mills Ltd.’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -5.05 %. However, it did see a marginal increase of 76.15 % from the previous quarter. Expenses ticked up slightly by 49.91 % quarter-on-quarter, aligning with the annual decline of -23.81 %. Operating profit, while up 145.85 % compared to last year, faced a quarter-on-quarter increase of 248.39 %, 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 22.84 %, but an expansion of 16.27 % sequentially. Other income rose by 10.71 % compared to the last quarter, despite an annual decline of -50 %. Interest expenses surged remarkably by 5.33 % from the previous quarter, yet the year-over-year increase remains at a moderate 21.54 %. Depreciation costs climbed by 0 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 3.57 %. Profit before tax grew annually by 118.37 % but saw an increase from the preceding quarter by 136.09 %.
Tax expenses as a percentage of profits increased slightly by 114.07 % compared to last year, with a more notable quarter-on-quarter increase of 90.43 %. Net profit rose by 111.36 % year-on-year but experienced a 115.5 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 111.19 % but a quarterly rise of 115.23 %. In summary, Sri Nachammai Cotton 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. 19.543 Cr Rs. 10.535 Cr Rs. 18.557 Cr + 76.15 % -5.05 %
Expenses Rs. 22.55 Cr Rs. 11.46 Cr Rs. 17.18 Cr + 49.91 % -23.81 %
Operating Profit Rs. -3.01 Cr Rs. -0.93 Cr Rs. 1.38 Cr + 248.39 % + 145.85 %
Net Profit Rs. -1.76 Cr Rs. -1.29 Cr Rs. 0.2 Cr + 115.5 % + 111.36 %
EPS in Rs Rs. -4.11 Rs. -3.02 Rs. 0.46 + 115.23 % + 111.19 %


In reviewing Sri Nachammai Cotton Mills Ltd.’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -5.05 % year-on-year, however, there was a minor increase of 76.15 % from the previous quarter. Expenses decreased by -23.81 % compared to the previous year, with a 49.91 % increase quarter-on-quarter. Operating Profit surged by 145.85 % annually, and saw a 248.39 % increase from the last quarter.
Net Profit showed yearly increase of 111.36 %, and experienced a 115.5 % increase from the previous quarter. Earnings Per Share (EPS) rose by 111.19 % annually, however rose by 115.23 % compared to the last quarter. In essence, while Sri Nachammai Cotton Mills 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.

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