NIFTY 50 22795.9 ▼ (0.51%)
NIFTY NEXT 50 60466.8 ▼ (0.94%)
NIFTY 100 23274.05 ▼ (0.59%)
NIFTY MIDCAP 100 50486.2 ▼ (1.32%)
NIFTY SMALLCAP 100 15636.9 ▼ (0.7%)
NIFTY SMALLCAP 250 14683.4 ▼ (0.57%)
NIFTY MIDCAP SELECT 11198.9 ▼ (1.69%)
NIFTY TOTAL MARKET 11634.25 ▼ (0.67%)
NIFTY BANK 48981.2 ▼ (0.72%)
SENSEX 75311.06 ▼ (0.56%)
BSE BANKEX 55718.18 ▼ (0.82%)

Steel Strips & Wheels : Q4 2024 Financial Quarterly Report : YoY Sales Up 6.34 %, QoQ Down 3.75 %

May 27, 2024May 27, 2024| adminadmin| 0 Comments| 10:45 am
Image is loading
Categories:

Share the post "Steel Strips & Wheels : Q4 2024 Financial Quarterly Report : YoY Sales Up 6.34 %, QoQ Down 3.75 %"

  • Facebook
  • LinkedIn
  • X
  • Tumblr
  • WhatsApp
  • TelegramTelegram
  • Email

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.

The comprehensive analytics outlining the performance and outlook of Steel Strips & Wheels 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. 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.

[my_shortcode1 values=”Steel Strips & Wheels “]

Related Post