Highlights
- Sales over the Year and quarter: The company’s sales declined by -88.51 % over the year, substantial increase in net sales/revenue by 160 %.
- Income over the Year and quarter:
- Profit over the Year and quarter: Challenges in sustaining profitability for SRU Steels Limited. Profit dropped by -78.07 % Year to Year, SRU Steels Limited’s profitability increased by 22.99 % in this quarter.
- EPS over the Year and quarter: EPS declined by -85.25 % Year to Year. EPS increased by 28.57 % in previous quarter. Positive impact on shareholders.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 9.051 Cr | Rs. 0.4 Cr | Rs. 1.04 Cr | + 160 % | -88.51 % |
Expenses | Rs. 8.27 Cr | Rs. 0.26 Cr | Rs. 0.88 Cr | + 238.46 % | -89.36 % |
Operating Profit | Rs. 0.78 Cr | Rs. 0.14 Cr | Rs. 0.16 Cr | + 14.29 % | -79.49 % |
OPM % | 8.62 % | 35 % | 15.38 % | -19.62 % | + 6.76 % |
Other Income | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
Interest | Rs. 0.09 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
Depreciation | Rs. 0.03 Cr | Rs. 0.02 Cr | Rs. 0.02 Cr | + 0 % | -33.33 % |
Profit before tax | Rs. 0.66 Cr | Rs. 0.12 Cr | Rs. 0.14 Cr | + 16.67 % | -78.79 % |
Tax % | 26.17 % | 25.64 % | 26.21 % | + 0.57 % | + 0.04 % |
Net Profit | Rs. 0.49 Cr | Rs. 0.09 Cr | Rs. 0.11 Cr | + 22.22 % | -77.55 % |
EPS in Rs | Rs. 0.61 | Rs. 0.07 | Rs. 0.09 | + 28.57 % | -85.25 % |
Today, we’re looking at SRU Steels Limited’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -88.51 %. However, it did see a marginal increase of 160 % from the previous quarter. Expenses ticked up slightly by 238.46 % quarter-on-quarter, aligning with the annual decline of -89.36 %. Operating profit, while down -79.49 % compared to last year, faced a quarter-on-quarter increase of 14.29 %, 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 6.76 %, but a shrinkage of -19.62 % sequentially. Depreciation costs climbed by 0 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -33.33 %. Profit before tax declined annually by -78.79 % but saw an increase from the preceding quarter by 16.67 %.
Tax expenses as a percentage of profits increased slightly by 0.04 % compared to last year, with a more notable quarter-on-quarter increase of 0.57 %. Net profit fell by -77.55 % year-on-year but experienced a 22.22 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -85.25 % but a quarterly rise of 28.57 %. In summary, SRU Steels 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. 9.051 Cr | Rs. 0.4 Cr | Rs. 1.04 Cr | + 160 % | -88.51 % |
Expenses | Rs. 8.27 Cr | Rs. 0.26 Cr | Rs. 0.88 Cr | + 238.46 % | -89.36 % |
Operating Profit | Rs. 0.78 Cr | Rs. 0.14 Cr | Rs. 0.16 Cr | + 14.29 % | -79.49 % |
Net Profit | Rs. 0.49 Cr | Rs. 0.09 Cr | Rs. 0.11 Cr | + 22.22 % | -77.55 % |
EPS in Rs | Rs. 0.61 | Rs. 0.07 | Rs. 0.09 | + 28.57 % | -85.25 % |
In reviewing SRU Steels Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -88.51 % year-on-year, however, there was a minor increase of 160 % from the previous quarter. Expenses decreased by -89.36 % compared to the previous year, with a 238.46 % increase quarter-on-quarter. Operating Profit dropped by -79.49 % annually, and saw a 14.29 % increase from the last quarter.
Net Profit showed yearly decrease of -77.55 %, and experienced a 22.22 % increase from the previous quarter. Earnings Per Share (EPS) fell by -85.25 % annually, however rose by 28.57 % compared to the last quarter. In essence, while SRU Steels Limited faces strong annual decline 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.