Highlights
- Sales over the Year and quarter: The company’s sales declined by -91.11 % over the year, decrease in net sales/revenue by -55.56 %.
- 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 1583.33 %. Marginal increase in other income during this quarter, up by 3078.57%.
- Profit over the Year and quarter: Challenges in sustaining profitability for Suncare Traders Limited. Profit dropped by -105.11 % Year to Year, Suncare Traders Limited’s profitability dropped by -576 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -103.60 % Year to Year. EPS decreased by -500 % in previous quarter. Analysis needed for shareholder value.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 0.135 Cr | Rs. 0.027 Cr | Rs. 0.012 Cr | -55.56 % | -91.11 % |
| Expenses | Rs. 20 Cr | Rs. 0.07 Cr | Rs. 2.64 Cr | + 3671.43 % | -86.8 % |
| Operating Profit | Rs. -19.87 Cr | Rs. -0.04 Cr | Rs. -2.63 Cr | -6475 % | + 86.76 % |
| OPM % | -14718.52 % | -148.15 % | -21916.67 % | -21768.52 % | -7198.15 % |
| Other Income | Rs. -0.3 Cr | Rs. 0.14 Cr | Rs. 4.45 Cr | + 3078.57 % | + 1583.33 % |
| Interest | Rs. 0.12 Cr | Rs. 0.11 Cr | Rs. 0.01 Cr | -90.91 % | -91.67 % |
| Depreciation | Rs. 0 Cr | Rs. 0 Cr | Rs. 0 Cr | 0 % | 0 % |
| Profit before tax | Rs. -20.29 Cr | Rs. -0.01 Cr | Rs. 1.81 Cr | + 18200 % | + 108.92 % |
| Tax % | -8.18 % | -952.63 % | 47.55 % | + 1000.18 % | + 55.73 % |
| Net Profit | Rs. -18.63 Cr | Rs. -0.2 Cr | Rs. 0.95 Cr | + 575 % | + 105.1 % |
| EPS in Rs | Rs. -1.11 | Rs. -0.01 | Rs. 0.04 | + 500 % | + 103.6 % |
Today, we’re looking at Suncare Traders 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 -91.11 %. However, it did see a marginal slip of -55.56 % from the previous quarter. Expenses ticked up slightly by 3671.43 % quarter-on-quarter, aligning with the annual decline of -86.8 %. Operating profit, while up 86.76 % compared to last year, faced a quarter-on-quarter dip of -6475 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -7198.15 %, but a shrinkage of -21768.52 % sequentially. Other income rose by 3078.57 % compared to the last quarter, despite an annual growth of 1583.33 %. Interest expenses dropped significantly by -90.91 % from the previous quarter, yet the year-over-year decrease remains at a moderate -91.67 %. Profit before tax grew annually by 108.92 % but saw an increase from the preceding quarter by 18200 %.
Tax expenses as a percentage of profits increased slightly by 55.73 % compared to last year, with a more notable quarter-on-quarter increase of 1000.18 %. Net profit rose by 105.1 % year-on-year but experienced a 575 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 103.6 % but a quarterly rise of 500 %. In summary, Suncare Traders 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. 0.135 Cr | Rs. 0.027 Cr | Rs. 0.012 Cr | -55.56 % | -91.11 % |
| Expenses | Rs. 20 Cr | Rs. 0.07 Cr | Rs. 2.64 Cr | + 3671.43 % | -86.8 % |
| Operating Profit | Rs. -19.87 Cr | Rs. -0.04 Cr | Rs. -2.63 Cr | -6475 % | + 86.76 % |
| Net Profit | Rs. -18.63 Cr | Rs. -0.2 Cr | Rs. 0.95 Cr | + 575 % | + 105.1 % |
| EPS in Rs | Rs. -1.11 | Rs. -0.01 | Rs. 0.04 | + 500 % | + 103.6 % |
In reviewing Suncare Traders Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -91.11 % year-on-year, although there was a slight dip of -55.56 % from the previous quarter. Expenses decreased by -86.8 % compared to the previous year, with a 3671.43 % increase quarter-on-quarter. Operating Profit surged by 86.76 % annually, and saw a -6475 % decrease from the last quarter.
Net Profit showed yearly increase of 105.1 %, and experienced a 575 % increase from the previous quarter. Earnings Per Share (EPS) rose by 103.6 % annually, however rose by 500 % compared to the last quarter. In essence, while Suncare Traders 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.
