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Share the post "STEEL STRIPS WHEELS ‘s Q3 2024-25 Latest News: Profit Decreases by 19.69% YoY"
Highlights
🔹 The presented financial data is Consolidated to provide a comprehensive overview of the company performance. 🔹 Sales over the Year and quarter: The company’s sales declined by -3.21 % over the year, decrease in net sales/revenue by -1.86 %. 🔹 Income over the Year and quarter: There has been decline in other income over the past year which is -78.17 %, Marginal decrease of -36.44% in other income during this quarter. 🔹 Profit over the Year and quarter: Challenges in sustaining profitability for STEEL STRIPS WHEELS LTD.. Profit dropped by -19.69 % Year to Year, STEEL STRIPS WHEELS LTD.’s profitability increased by 3.48 % in this quarter. 🔹 EPS over the Year and quarter: EPS declined by -19.79 % Year to Year. EPS increased by 3.4 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 1110.303 Cr | Rs. 1095.096 Cr | Rs. 1074.678 Cr | -1.86 % | -3.21 % |
| Expenses | Rs. 993.73 Cr | Rs. 975.82 Cr | Rs. 956.99 Cr | -1.93 % | -3.7 % |
| Operating Profit | Rs. 116.57 Cr | Rs. 119.28 Cr | Rs. 117.69 Cr | -1.33 % | + 0.96 % |
| OPM % | 10.5 % | 10.89 % | 10.95 % | + 0.06 % | + 0.45 % |
| Other Income | Rs. 1.686 Cr | Rs. 0.579 Cr | Rs. 0.368 Cr | -36.44 % | -78.17 % |
| Interest | Rs. 25.08 Cr | Rs. 30.39 Cr | Rs. 26.25 Cr | -13.62 % | + 4.67 % |
| Depreciation | Rs. 22.5 Cr | Rs. 27.54 Cr | Rs. 27.46 Cr | -0.29 % | + 22.04 % |
| Profit before tax | Rs. 70.68 Cr | Rs. 61.93 Cr | Rs. 64.35 Cr | + 3.91 % | -8.96 % |
| Tax % | 15.9 % | 25.58 % | 25.78 % | + 0.2 % | + 9.88 % |
| Net Profit | Rs. 59.41 Cr | Rs. 46.11 Cr | Rs. 47.71 Cr | + 3.47 % | -19.69 % |
| EPS in Rs | Rs. 3.79 | Rs. 2.93 | Rs. 3.04 | + 3.75 % | -19.79 % |
Today, we’re looking at STEEL STRIPS WHEELS LTD.’s financial performance for the Q3(Dec 2024-25).Starting with the top line, the company reported a significant year-over-year sales decline of -3.21 %. However, it did see a marginal slip of -1.86 % from the previous quarter. Expenses decreased slightly by -1.93 % quarter-on-quarter, aligning with the annual decline of -3.7 %. Operating profit, while up 0.96 % compared to last year, faced a quarter-on-quarter dip of -1.33 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 0.45 %, but an expansion of 0.06 % sequentially. Other income fell by -36.44 % compared to the last quarter, despite an annual decline of -78.17 %. Interest expenses dropped significantly by -13.62 % from the previous quarter, yet the year-over-year increase remains at a moderate 4.67 %. Depreciation costs fell by -0.29 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 22.04 %. Profit before tax declined annually by -8.96 % but saw an increase from the preceding quarter by 3.91 %.
Tax expenses as a percentage of profits increased slightly by 9.88 % compared to last year, with a more notable quarter-on-quarter increase of 0.2 %. Net profit fell by -19.69 % year-on-year but experienced a 3.47 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -19.79 % but a quarterly rise of 3.75 %. 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. 1110.303 Cr | Rs. 1095.096 Cr | Rs. 1074.678 Cr | -1.86 % | -3.21 % |
| Expenses | Rs. 993.73 Cr | Rs. 975.82 Cr | Rs. 956.99 Cr | -1.93 % | -3.7 % |
| Operating Profit | Rs. 116.57 Cr | Rs. 119.28 Cr | Rs. 117.69 Cr | -1.33 % | + 0.96 % |
| Net Profit | Rs. 59.41 Cr | Rs. 46.11 Cr | Rs. 47.71 Cr | + 3.47 % | -19.69 % |
| EPS in Rs | Rs. 3.79 | Rs. 2.93 | Rs. 3.04 | + 3.75 % | -19.79 % |
In reviewing STEEL STRIPS WHEELS LTD.’s 2024-25(Q3) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -3.21 % year-on-year, although there was a slight dip of -1.86 % from the previous quarter. Expenses decreased by -3.7 % compared to the previous year, with a decrease of -1.93 % quarter-on-quarter. Operating Profit surged by 0.96 % annually, and saw a -1.33 % decrease from the last quarter.
Net Profit showed yearly decrease of -19.69 %, and experienced a 3.47 % increase from the previous quarter. Earnings Per Share (EPS) fell by -19.79 % annually, however rose by 3.75 % compared to the last quarter. In essence, while STEEL STRIPS WHEELS LTD. 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.
