Subhash Silk Mills ‘s Q1 Update: Profit Falls by 60.61% Year-on-Year

The comprehensive analytics outlining the performance and outlook of Subhash Silk Mills 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.

Today, we’re looking at Subhash Silk Mills Ltd.’s financial performance for the Q1(Jun 2024).Expenses decreased slightly by -10 % quarter-on-quarter, aligning with the annual decline of -10 %. Operating profit, while up 10 % compared to last year, faced a quarter-on-quarter increase of 10 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -7200 %, but a shrinkage of -7200 % sequentially. Other income rose by 30.51 % compared to the last quarter, despite an annual decline of -30.42 %. Interest expenses surged remarkably by 0 % from the previous quarter, yet the year-over-year increase remains at a moderate 0 %. Depreciation costs climbed by 0 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 0 %. Profit before tax declined annually by -60 % but saw an increase from the preceding quarter by 1000 %.
Tax expenses as a percentage of profits increased slightly by 7.91 % compared to last year, with a more notable quarter-on-quarter increase of 306.08 %. Net profit fell by -60.61 % year-on-year but experienced a 285.71 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -62.82 % but a quarterly rise of 281.25 %. In summary, Subhash Silk Mills Ltd.’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.

In reviewing Subhash Silk Mills Ltd.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Expenses decreased by -10 % compared to the previous year, with a decrease of -10 % quarter-on-quarter. Operating Profit surged by 10 % annually, and saw a 10 % increase from the last quarter.
Net Profit showed yearly decrease of -60.61 %, and experienced a 285.71 % increase from the previous quarter. Earnings Per Share (EPS) fell by -62.82 % annually, however rose by 281.25 % compared to the last quarter. In essence, while Subhash Silk Mills 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.