Share the post "Styrenix Performance Materials Limited’s Quarterly Result and Earnings Report for Q4(Mar 2024) : Sales decreased by 2.69 % in YoY and increased by 23.53 % in QoQ"
Highlights
- Sales over the Year and quarter: The company’s sales declined by -2.69 % over the year, substantial increase in net sales/revenue by 23.53 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -19.53 %, Marginal increase in other income during this quarter, up by 38.95%.
- Profit over the Year and quarter: Significant improvement in profitability for Styrenix Performance Materials Limited. Notable increase of 16.33 % in net profit Year to Year, Styrenix Performance Materials Limited’s profitability increased by 41.29 % in this quarter.
- EPS over the Year and quarter: EPS increased by 16.33 % Year to Year. EPS increased by 41.27 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 615.288 Cr | Rs. 484.68 Cr | Rs. 598.71 Cr | + 23.53 % | -2.69 % |
| Expenses | Rs. 549.05 Cr | Rs. 426.79 Cr | Rs. 526.83 Cr | + 23.44 % | -4.05 % |
| Operating Profit | Rs. 66.24 Cr | Rs. 57.89 Cr | Rs. 71.88 Cr | + 24.17 % | + 8.51 % |
| OPM % | 10.77 % | 11.94 % | 12.01 % | + 0.07 % | + 1.24 % |
| Other Income | Rs. 2.97 Cr | Rs. 1.72 Cr | Rs. 2.39 Cr | + 38.95 % | -19.53 % |
| Interest | Rs. 1.38 Cr | Rs. 0.67 Cr | Rs. 0.63 Cr | -5.97 % | -54.35 % |
| Depreciation | Rs. 9.6 Cr | Rs. 9.24 Cr | Rs. 9.21 Cr | -0.32 % | -4.06 % |
| Profit before tax | Rs. 58.23 Cr | Rs. 49.7 Cr | Rs. 64.43 Cr | + 29.64 % | + 10.65 % |
| Tax % | 27.11 % | 29.7 % | 23.38 % | -6.32 % | -3.73 % |
| Net Profit | Rs. 42.44 Cr | Rs. 34.94 Cr | Rs. 49.37 Cr | + 41.3 % | + 16.33 % |
| EPS in Rs | Rs. 24.13 | Rs. 19.87 | Rs. 28.07 | + 41.27 % | + 16.33 % |
Today, we’re looking at Styrenix Performance Materials Limited’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -2.69 %. However, it did see a marginal increase of 23.53 % from the previous quarter. Expenses ticked up slightly by 23.44 % quarter-on-quarter, aligning with the annual decline of -4.05 %. Operating profit, while up 8.51 % compared to last year, faced a quarter-on-quarter increase of 24.17 %, 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 1.24 %, but an expansion of 0.07 % sequentially. Other income rose by 38.95 % compared to the last quarter, despite an annual decline of -19.53 %. Interest expenses dropped significantly by -5.97 % from the previous quarter, yet the year-over-year decrease remains at a moderate -54.35 %. Depreciation costs fell by -0.32 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -4.06 %. Profit before tax grew annually by 10.65 % but saw an increase from the preceding quarter by 29.64 %.
Tax expenses as a percentage of profits decreased slightly by -3.73 % compared to last year, with a more notable quarter-on-quarter decrease of -6.32 %. Net profit rose by 16.33 % year-on-year but experienced a 41.3 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 16.33 % but a quarterly rise of 41.27 %. In summary, Styrenix Performance Materials Limited’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. 615.288 Cr | Rs. 484.68 Cr | Rs. 598.71 Cr | + 23.53 % | -2.69 % |
| Expenses | Rs. 549.05 Cr | Rs. 426.79 Cr | Rs. 526.83 Cr | + 23.44 % | -4.05 % |
| Operating Profit | Rs. 66.24 Cr | Rs. 57.89 Cr | Rs. 71.88 Cr | + 24.17 % | + 8.51 % |
| Net Profit | Rs. 42.44 Cr | Rs. 34.94 Cr | Rs. 49.37 Cr | + 41.3 % | + 16.33 % |
| EPS in Rs | Rs. 24.13 | Rs. 19.87 | Rs. 28.07 | + 41.27 % | + 16.33 % |
In reviewing Styrenix Performance Materials Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -2.69 % year-on-year, however, there was a minor increase of 23.53 % from the previous quarter. Expenses decreased by -4.05 % compared to the previous year, with a 23.44 % increase quarter-on-quarter. Operating Profit surged by 8.51 % annually, and saw a 24.17 % increase from the last quarter.
Net Profit showed yearly increase of 16.33 %, and experienced a 41.3 % increase from the previous quarter. Earnings Per Share (EPS) rose by 16.33 % annually, however rose by 41.27 % compared to the last quarter. In essence, while Styrenix Performance Materials 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.
