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Highlights
- The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company experienced a substantial growth of 15.83 % in the past year, substantial increase in net sales/revenue by 24.43 %.
- Income over the Year and quarter: There has been either a marginal increase or a decline in other income over the past year which is 48.37 %. Marginal decrease of -2.59% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Sumitomo Chemical India Limited. Notable increase of 105.41 % in net profit Year to Year, Sumitomo Chemical India Limited’s profitability increased by 15.28 % in this quarter.
- EPS over the Year and quarter: EPS increased by 104.84 % Year to Year. EPS increased by 15.45 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 724.243 Cr | Rs. 674.204 Cr | Rs. 838.887 Cr | + 24.43 % | + 15.83 % |
| Expenses | Rs. 643.61 Cr | Rs. 534.02 Cr | Rs. 677.79 Cr | + 26.92 % | + 5.31 % |
| Operating Profit | Rs. 80.63 Cr | Rs. 140.18 Cr | Rs. 161.1 Cr | + 14.92 % | + 99.8 % |
| OPM % | 11.13 % | 20.79 % | 19.2 % | -1.59 % | + 8.07 % |
| Other Income | Rs. 17.531 Cr | Rs. 26.702 Cr | Rs. 26.011 Cr | -2.59 % | + 48.37 % |
| Interest | Rs. 1.34 Cr | Rs. 1.31 Cr | Rs. 1.19 Cr | -9.16 % | -11.19 % |
| Depreciation | Rs. 13.53 Cr | Rs. 16.77 Cr | Rs. 14.86 Cr | -11.39 % | + 9.83 % |
| Profit before tax | Rs. 83.29 Cr | Rs. 148.8 Cr | Rs. 171.06 Cr | + 14.96 % | + 105.38 % |
| Tax % | 25.96 % | 26.15 % | 25.94 % | -0.21 % | -0.02 % |
| Net Profit | Rs. 61.68 Cr | Rs. 109.9 Cr | Rs. 126.69 Cr | + 15.28 % | + 105.4 % |
| EPS in Rs | Rs. 1.24 | Rs. 2.2 | Rs. 0 | 0 % | 0 % |
Today, we’re looking at Sumitomo Chemical India 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 15.83 %. However, it did see a marginal increase of 24.43 % from the previous quarter. Expenses ticked up slightly by 26.92 % quarter-on-quarter, aligning with the annual rise of 5.31 %. Operating profit, while up 99.8 % compared to last year, faced a quarter-on-quarter increase of 14.92 %, 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 8.07 %, but a shrinkage of -1.59 % sequentially. Other income fell by -2.59 % compared to the last quarter, despite an annual growth of 48.37 %. Interest expenses dropped significantly by -9.16 % from the previous quarter, yet the year-over-year decrease remains at a moderate -11.19 %. Depreciation costs fell by -11.39 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 9.83 %. Profit before tax grew annually by 105.38 % but saw an increase from the preceding quarter by 14.96 %.
Tax expenses as a percentage of profits decreased slightly by -0.02 % compared to last year, with a more notable quarter-on-quarter decrease of -0.21 %. Net profit rose by 105.4 % year-on-year but experienced a 15.28 % expansion from the last quarter. In summary, Sumitomo Chemical India 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. 724.243 Cr | Rs. 674.204 Cr | Rs. 838.887 Cr | + 24.43 % | + 15.83 % |
| Expenses | Rs. 643.61 Cr | Rs. 534.02 Cr | Rs. 677.79 Cr | + 26.92 % | + 5.31 % |
| Operating Profit | Rs. 80.63 Cr | Rs. 140.18 Cr | Rs. 161.1 Cr | + 14.92 % | + 99.8 % |
| Net Profit | Rs. 61.68 Cr | Rs. 109.9 Cr | Rs. 126.69 Cr | + 15.28 % | + 105.4 % |
| EPS in Rs | Rs. 1.24 | Rs. 2.2 | Rs. 0 | 0 % | 0 % |
In reviewing Sumitomo Chemical India Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 15.83 % year-on-year growth, however, there was a minor increase of 24.43 % from the previous quarter. Expenses rose by 5.31 % compared to the previous year, with a 26.92 % increase quarter-on-quarter. Operating Profit surged by 99.8 % annually, and saw a 14.92 % increase from the last quarter.
Net Profit showed yearly increase of 105.4 %, and experienced a 15.28 % increase from the previous quarter. In essence, while Sumitomo Chemical India 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.
