Highlights
- Sales over the Year and quarter: The company’s sales declined by -21.61 % over the year, substantial increase in net sales/revenue by 21.78 %.
- 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 28.57 %. Marginal decrease of -16.92% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Steel Exchange India Ltd.. Profit dropped by -146.36 % Year to Year, Steel Exchange India Ltd.’s profitability increased by 9350.72 % in this quarter.
- EPS over the Year and quarter: EPS declined by -132.69 % Year to Year.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 398.22 Cr | Rs. 256.316 Cr | Rs. 312.153 Cr | + 21.78 % | -21.61 % |
| Expenses | Rs. 363.1 Cr | Rs. 232.95 Cr | Rs. 278.53 Cr | + 19.57 % | -23.29 % |
| Operating Profit | Rs. 35.12 Cr | Rs. 23.37 Cr | Rs. 33.62 Cr | + 43.86 % | -4.27 % |
| OPM % | 8.82 % | 9.12 % | 10.77 % | + 1.65 % | + 1.95 % |
| Other Income | Rs. 0.84 Cr | Rs. 1.3 Cr | Rs. 1.08 Cr | -16.92 % | + 28.57 % |
| Interest | Rs. 41.97 Cr | Rs. 19.27 Cr | Rs. 19.46 Cr | + 0.99 % | -53.63 % |
| Depreciation | Rs. 6.08 Cr | Rs. 5.18 Cr | Rs. 5.11 Cr | -1.35 % | -15.95 % |
| Profit before tax | Rs. -12.09 Cr | Rs. 0.22 Cr | Rs. 10.13 Cr | + 4504.55 % | + 183.79 % |
| Tax % | -252.72 % | 0 % | 94.84 % | + 94.84 % | + 347.56 % |
| Net Profit | Rs. -42.61 Cr | Rs. 0.21 Cr | Rs. 19.75 Cr | + 9304.76 % | + 146.35 % |
| EPS in Rs | Rs. -0.52 | Rs. 4.26 | Rs. 0.17 | -96.01 % | + 132.69 % |
Today, we’re looking at Steel Exchange India 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 -21.61 %. However, it did see a marginal increase of 21.78 % from the previous quarter. Expenses ticked up slightly by 19.57 % quarter-on-quarter, aligning with the annual decline of -23.29 %. Operating profit, while down -4.27 % compared to last year, faced a quarter-on-quarter increase of 43.86 %, 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 1.95 %, but an expansion of 1.65 % sequentially. Other income fell by -16.92 % compared to the last quarter, despite an annual growth of 28.57 %. Interest expenses surged remarkably by 0.99 % from the previous quarter, yet the year-over-year decrease remains at a moderate -53.63 %. Depreciation costs fell by -1.35 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -15.95 %. Profit before tax grew annually by 183.79 % but saw an increase from the preceding quarter by 4504.55 %.
Tax expenses as a percentage of profits increased slightly by 347.56 % compared to last year, with a more notable quarter-on-quarter increase of 94.84 %. Net profit rose by 146.35 % year-on-year but experienced a 9304.76 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 132.69 % but a quarterly fall of -96.01 %. In summary, Steel Exchange India 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. 398.22 Cr | Rs. 256.316 Cr | Rs. 312.153 Cr | + 21.78 % | -21.61 % |
| Expenses | Rs. 363.1 Cr | Rs. 232.95 Cr | Rs. 278.53 Cr | + 19.57 % | -23.29 % |
| Operating Profit | Rs. 35.12 Cr | Rs. 23.37 Cr | Rs. 33.62 Cr | + 43.86 % | -4.27 % |
| Net Profit | Rs. -42.61 Cr | Rs. 0.21 Cr | Rs. 19.75 Cr | + 9304.76 % | + 146.35 % |
| EPS in Rs | Rs. -0.52 | Rs. 4.26 | Rs. 0.17 | -96.01 % | + 132.69 % |
In reviewing Steel Exchange India Ltd.’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -21.61 % year-on-year, however, there was a minor increase of 21.78 % from the previous quarter. Expenses decreased by -23.29 % compared to the previous year, with a 19.57 % increase quarter-on-quarter. Operating Profit dropped by -4.27 % annually, and saw a 43.86 % increase from the last quarter.
Net Profit showed yearly increase of 146.35 %, and experienced a 9304.76 % increase from the previous quarter. Earnings Per Share (EPS) rose by 132.69 % annually, however dipped by -96.01 % compared to the last quarter. In essence, while Steel Exchange India 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.
