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Highlights
- The presented financial data is Standalone to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company’s sales declined by -43.9 % over the year, substantial increase in net sales/revenue by 215.31 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -74.29 %, Marginal increase in other income during this quarter, up by 119.29%.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 79.033 Cr | Rs. 14.062 Cr | Rs. 44.339 Cr | + 215.31 % | -43.9 % |
Expenses | Rs. 75.33 Cr | Rs. 11.79 Cr | Rs. 41.1 Cr | + 248.6 % | -45.44 % |
Operating Profit | Rs. 3.7 Cr | Rs. 2.27 Cr | Rs. 3.24 Cr | + 42.73 % | -12.43 % |
OPM % | 4.68 % | 16.14 % | 7.31 % | -8.83 % | + 2.63 % |
Other Income | Rs. 0.105 Cr | Rs. -0.14 Cr | Rs. 0.027 Cr | + 119.29 % | -74.29 % |
Interest | Rs. 1.48 Cr | Rs. 1.34 Cr | Rs. 1.25 Cr | -6.72 % | -15.54 % |
Depreciation | Rs. 0.56 Cr | Rs. 0.74 Cr | Rs. 0.62 Cr | -16.22 % | + 10.71 % |
Profit before tax | Rs. 1.77 Cr | Rs. 0.05 Cr | Rs. 1.4 Cr | + 2700 % | -20.9 % |
Tax % | 36.16 % | 97.96 % | 33.5 % | -64.46 % | -2.66 % |
Net Profit | Rs. 1.13 Cr | Rs. 0 Cr | Rs. 0.93 Cr | 0 % | -17.7 % |
EPS in Rs | Rs. 2.69 | Rs. 0.04 | Rs. 2.21 | + 5425 % | -17.84 % |
Today, we’re looking at Sunil Industries Ltd.,’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -43.9 %. However, it did see a marginal increase of 215.31 % from the previous quarter. Expenses ticked up slightly by 248.6 % quarter-on-quarter, aligning with the annual decline of -45.44 %. Operating profit, while down -12.43 % compared to last year, faced a quarter-on-quarter increase of 42.73 %, 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 2.63 %, but a shrinkage of -8.83 % sequentially. Other income rose by 119.29 % compared to the last quarter, despite an annual decline of -74.29 %. Interest expenses dropped significantly by -6.72 % from the previous quarter, yet the year-over-year decrease remains at a moderate -15.54 %. Depreciation costs fell by -16.22 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 10.71 %. Profit before tax declined annually by -20.9 % but saw an increase from the preceding quarter by 2700 %.
Tax expenses as a percentage of profits decreased slightly by -2.66 % compared to last year, with a more notable quarter-on-quarter decrease of -64.46 %. Net profit fell by -17.7 % year-on-year And finally, Earnings Per Share (EPS) displayed an annual downturn of -17.84 % but a quarterly rise of 5425 %. In summary, Sunil Industries 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. 79.033 Cr | Rs. 14.062 Cr | Rs. 44.339 Cr | + 215.31 % | -43.9 % |
Expenses | Rs. 75.33 Cr | Rs. 11.79 Cr | Rs. 41.1 Cr | + 248.6 % | -45.44 % |
Operating Profit | Rs. 3.7 Cr | Rs. 2.27 Cr | Rs. 3.24 Cr | + 42.73 % | -12.43 % |
Net Profit | Rs. 1.13 Cr | Rs. 0 Cr | Rs. 0.93 Cr | 0 % | -17.7 % |
EPS in Rs | Rs. 2.69 | Rs. 0.04 | Rs. 2.21 | + 5425 % | -17.84 % |
In reviewing Sunil Industries Ltd.,’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -43.9 % year-on-year, however, there was a minor increase of 215.31 % from the previous quarter. Expenses decreased by -45.44 % compared to the previous year, with a 248.6 % increase quarter-on-quarter. Operating Profit dropped by -12.43 % annually, and saw a 42.73 % increase from the last quarter.
Net Profit showed yearly decrease of -17.7 %, Earnings Per Share (EPS) fell by -17.84 % annually, however rose by 5425 % compared to the last quarter. In essence, while Sunil Industries 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.
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