Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 6.34 % in the past year, decrease in net sales/revenue by -3.75 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -28.7 %, Marginal increase in other income during this quarter, up by 205.77%.
- Profit over the Year and quarter: Significant improvement in profitability for Steel Strips & Wheels Ltd. Notable increase of 990.16 % in net profit Year to Year, Steel Strips & Wheels Ltd’s profitability increased by 767.76 % in this quarter.
- EPS over the Year and quarter: EPS increased by 987.75 % Year to Year. EPS increased by 766.75 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 1004.925 Cr | Rs. 1110.303 Cr | Rs. 1068.672 Cr | -3.75 % | + 6.34 % |
| Expenses | Rs. 896.46 Cr | Rs. 993.61 Cr | Rs. 958.78 Cr | -3.51 % | + 6.95 % |
| Operating Profit | Rs. 108.47 Cr | Rs. 116.69 Cr | Rs. 109.89 Cr | -5.83 % | + 1.31 % |
| OPM % | 10.79 % | 10.51 % | 10.28 % | -0.23 % | -0.51 % |
| Other Income | Rs. 6.69 Cr | Rs. 1.56 Cr | Rs. 4.77 Cr | + 205.77 % | -28.7 % |
| Interest | Rs. 22.69 Cr | Rs. 25.08 Cr | Rs. 28 Cr | + 11.64 % | + 23.4 % |
| Depreciation | Rs. 19.95 Cr | Rs. 22.5 Cr | Rs. 36.8 Cr | + 63.56 % | + 84.46 % |
| Profit before tax | Rs. 72.52 Cr | Rs. 70.67 Cr | Rs. 49.86 Cr | -29.45 % | -31.25 % |
| Tax % | 34.78 % | 15.9 % | 1.42 % | -14.48 % | -33.36 % |
| Net Profit | Rs. 47.29 Cr | Rs. 59.41 Cr | Rs. 515.56 Cr | + 767.8 % | + 990.21 % |
| EPS in Rs | Rs. 3.01 | Rs. 3.79 | Rs. 32.8 | + 765.44 % | + 989.7 % |
Today, we’re looking at Steel Strips & Wheels Ltd’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 6.34 %. However, it did see a marginal slip of -3.75 % from the previous quarter. Expenses decreased slightly by -3.51 % quarter-on-quarter, aligning with the annual rise of 6.95 %. Operating profit, while up 1.31 % compared to last year, faced a quarter-on-quarter dip of -5.83 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -0.51 %, but a shrinkage of -0.23 % sequentially. Other income rose by 205.77 % compared to the last quarter, despite an annual decline of -28.7 %. Interest expenses surged remarkably by 11.64 % from the previous quarter, yet the year-over-year increase remains at a moderate 23.4 %. Depreciation costs climbed by 63.56 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 84.46 %. Profit before tax declined annually by -31.25 % but saw a reduction from the preceding quarter by -29.45 %.
Tax expenses as a percentage of profits decreased slightly by -33.36 % compared to last year, with a more notable quarter-on-quarter decrease of -14.48 %. Net profit rose by 990.21 % year-on-year but experienced a 767.8 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 989.7 % but a quarterly rise of 765.44 %. In summary, Steel Strips & Wheels 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. 1004.925 Cr | Rs. 1110.303 Cr | Rs. 1068.672 Cr | -3.75 % | + 6.34 % |
| Expenses | Rs. 896.46 Cr | Rs. 993.61 Cr | Rs. 958.78 Cr | -3.51 % | + 6.95 % |
| Operating Profit | Rs. 108.47 Cr | Rs. 116.69 Cr | Rs. 109.89 Cr | -5.83 % | + 1.31 % |
| Net Profit | Rs. 47.29 Cr | Rs. 59.41 Cr | Rs. 515.56 Cr | + 767.8 % | + 990.21 % |
| EPS in Rs | Rs. 3.01 | Rs. 3.79 | Rs. 32.8 | + 765.44 % | + 989.7 % |
In reviewing Steel Strips & Wheels Ltd’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 6.34 % year-on-year growth, although there was a slight dip of -3.75 % from the previous quarter. Expenses rose by 6.95 % compared to the previous year, with a decrease of -3.51 % quarter-on-quarter. Operating Profit surged by 1.31 % annually, and saw a -5.83 % decrease from the last quarter.
Net Profit showed yearly increase of 990.21 %, and experienced a 767.8 % increase from the previous quarter. Earnings Per Share (EPS) rose by 989.7 % annually, however rose by 765.44 % compared to the last quarter. In essence, while Steel Strips & Wheels 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.
