Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 9.8 % in the past year, substantial increase in net sales/revenue by 7.64 %.
- 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 67.63 %. Marginal increase in other income during this quarter, up by 118.05%.
- Profit over the Year and quarter: Significant improvement in profitability for Sunflag Iron & Steel Co. Ltd.,. Notable increase of 8.18 % in net profit Year to Year, Sunflag Iron & Steel Co. Ltd.,’s profitability increased by 19.47 % in this quarter.
- EPS over the Year and quarter: EPS increased by 8.18 % Year to Year. EPS increased by 19 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 836.97 Cr | Rs. 853.78 Cr | Rs. 919.03 Cr | + 7.64 % | + 9.8 % |
| Expenses | Rs. 739.79 Cr | Rs. 756.88 Cr | Rs. 820.02 Cr | + 8.34 % | + 10.84 % |
| Operating Profit | Rs. 97.18 Cr | Rs. 96.9 Cr | Rs. 99.01 Cr | + 2.18 % | + 1.88 % |
| OPM % | 11.61 % | 11.35 % | 10.77 % | -0.58 % | -0.84 % |
| Other Income | Rs. 1.73 Cr | Rs. 1.33 Cr | Rs. 2.9 Cr | + 118.05 % | + 67.63 % |
| Interest | Rs. 27.41 Cr | Rs. 25.88 Cr | Rs. 24.15 Cr | -6.68 % | -11.89 % |
| Depreciation | Rs. 21.44 Cr | Rs. 25.69 Cr | Rs. 26.07 Cr | + 1.48 % | + 21.6 % |
| Profit before tax | Rs. 50.06 Cr | Rs. 46.66 Cr | Rs. 51.69 Cr | + 10.78 % | + 3.26 % |
| Tax % | 20.56 % | 22.96 % | 17.17 % | -5.79 % | -3.39 % |
| Net Profit | Rs. 39.71 Cr | Rs. 35.96 Cr | Rs. 42.96 Cr | + 19.47 % | + 8.18 % |
| EPS in Rs | Rs. 2.2 | Rs. 2 | Rs. 2.38 | + 19 % | + 8.18 % |
Today, we’re looking at Sunflag Iron & Steel Co. Ltd.,’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 9.8 %. However, it did see a marginal increase of 7.64 % from the previous quarter. Expenses ticked up slightly by 8.34 % quarter-on-quarter, aligning with the annual rise of 10.84 %. Operating profit, while up 1.88 % compared to last year, faced a quarter-on-quarter increase of 2.18 %, 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 -0.84 %, but a shrinkage of -0.58 % sequentially. Other income rose by 118.05 % compared to the last quarter, despite an annual growth of 67.63 %. Interest expenses dropped significantly by -6.68 % from the previous quarter, yet the year-over-year decrease remains at a moderate -11.89 %. Depreciation costs climbed by 1.48 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 21.6 %. Profit before tax grew annually by 3.26 % but saw an increase from the preceding quarter by 10.78 %.
Tax expenses as a percentage of profits decreased slightly by -3.39 % compared to last year, with a more notable quarter-on-quarter decrease of -5.79 %. Net profit rose by 8.18 % year-on-year but experienced a 19.47 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 8.18 % but a quarterly rise of 19 %. In summary, Sunflag Iron & Steel Co. Ltd.,’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. 836.97 Cr | Rs. 853.78 Cr | Rs. 919.03 Cr | + 7.64 % | + 9.8 % |
| Expenses | Rs. 739.79 Cr | Rs. 756.88 Cr | Rs. 820.02 Cr | + 8.34 % | + 10.84 % |
| Operating Profit | Rs. 97.18 Cr | Rs. 96.9 Cr | Rs. 99.01 Cr | + 2.18 % | + 1.88 % |
| Net Profit | Rs. 39.71 Cr | Rs. 35.96 Cr | Rs. 42.96 Cr | + 19.47 % | + 8.18 % |
| EPS in Rs | Rs. 2.2 | Rs. 2 | Rs. 2.38 | + 19 % | + 8.18 % |
In reviewing Sunflag Iron & Steel Co. Ltd.,’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 9.8 % year-on-year growth, however, there was a minor increase of 7.64 % from the previous quarter. Expenses rose by 10.84 % compared to the previous year, with a 8.34 % increase quarter-on-quarter. Operating Profit surged by 1.88 % annually, and saw a 2.18 % increase from the last quarter.
Net Profit showed yearly increase of 8.18 %, and experienced a 19.47 % increase from the previous quarter. Earnings Per Share (EPS) rose by 8.18 % annually, however rose by 19 % compared to the last quarter. In essence, while Sunflag Iron & Steel Co. Ltd., 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.
