Sterling and Wilson Renewable Energy : Q1 2024 Financial Quarterly Report : YoY Sales Up 77.7 %, QoQ Down 22.32 %

The comprehensive analytics outlining the performance and outlook of Sterling and Wilson Renewable Energy Limited”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.

Today, we’re looking at Sterling and Wilson Renewable Energy Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 77.7 %. However, it did see a marginal slip of -22.32 % from the previous quarter. Expenses decreased slightly by -22.49 % quarter-on-quarter, aligning with the annual rise of 61.25 %. Operating profit, while up 166.33 % compared to last year, faced a quarter-on-quarter dip of -15.91 %, 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 9.93 %, but an expansion of 0.21 % sequentially. Other income fell by -61.58 % compared to the last quarter, despite an annual growth of 73.61 %. Interest expenses dropped significantly by -23.23 % from the previous quarter, yet the year-over-year decrease remains at a moderate -69.66 %. Depreciation costs fell by -10.09 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 17.25 %. Profit before tax grew annually by 115.38 % but saw a reduction from the preceding quarter by -56.55 %.
Tax expenses as a percentage of profits increased slightly by 67.06 % compared to last year, with a more notable quarter-on-quarter decrease of -28.8 %. Net profit rose by 105.07 % year-on-year but experienced a 245 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 103.58 % but a quarterly rise of 200 %. In summary, Sterling and Wilson Renewable Energy Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.

In reviewing Sterling and Wilson Renewable Energy Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 77.7 % year-on-year growth, although there was a slight dip of -22.32 % from the previous quarter. Expenses rose by 61.25 % compared to the previous year, with a decrease of -22.49 % quarter-on-quarter. Operating Profit surged by 166.33 % annually, and saw a -15.91 % decrease from the last quarter.
Net Profit showed yearly increase of 105.07 %, and experienced a 245 % increase from the previous quarter. Earnings Per Share (EPS) rose by 103.58 % annually, however rose by 200 % compared to the last quarter. In essence, while Sterling and Wilson Renewable Energy Limited 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.