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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 35.23 % in the past year, substantial increase in net sales/revenue by 2.2 %.
- 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 50.15 %. Marginal decrease of -64.09% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Super Tannery Limited. Notable increase of 89.15 % in net profit Year to Year, Super Tannery Limited’s profitability dropped by -0.41 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 81.82 % Year to Year. EPS increased by 0 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 47.771 Cr | Rs. 63.211 Cr | Rs. 64.601 Cr | + 2.2 % | + 35.23 % |
| Expenses | Rs. 43.86 Cr | Rs. 57.49 Cr | Rs. 59.16 Cr | + 2.9 % | + 34.88 % |
| Operating Profit | Rs. 3.91 Cr | Rs. 5.72 Cr | Rs. 5.44 Cr | -4.9 % | + 39.13 % |
| OPM % | 8.18 % | 9.05 % | 8.42 % | -0.63 % | + 0.24 % |
| Other Income | Rs. 0.325 Cr | Rs. 1.359 Cr | Rs. 0.488 Cr | -64.09 % | + 50.15 % |
| Interest | Rs. 0.95 Cr | Rs. 1.8 Cr | Rs. 1.18 Cr | -34.44 % | + 24.21 % |
| Depreciation | Rs. 1.72 Cr | Rs. 1.74 Cr | Rs. 1.75 Cr | + 0.57 % | + 1.74 % |
| Profit before tax | Rs. 1.57 Cr | Rs. 3.54 Cr | Rs. 3 Cr | -15.25 % | + 91.08 % |
| Tax % | 26.79 % | 40.04 % | 27.99 % | -12.05 % | + 1.2 % |
| Net Profit | Rs. 1.14 Cr | Rs. 2.17 Cr | Rs. 2.16 Cr | -0.46 % | + 89.47 % |
| EPS in Rs | Rs. 0.11 | Rs. 0.2 | Rs. 0.2 | + 0 % | + 81.82 % |
Today, we’re looking at Super Tannery 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 35.23 %. However, it did see a marginal increase of 2.2 % from the previous quarter. Expenses ticked up slightly by 2.9 % quarter-on-quarter, aligning with the annual rise of 34.88 %. Operating profit, while up 39.13 % compared to last year, faced a quarter-on-quarter dip of -4.9 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 0.24 %, but a shrinkage of -0.63 % sequentially. Other income fell by -64.09 % compared to the last quarter, despite an annual growth of 50.15 %. Interest expenses dropped significantly by -34.44 % from the previous quarter, yet the year-over-year increase remains at a moderate 24.21 %. Depreciation costs climbed by 0.57 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 1.74 %. Profit before tax grew annually by 91.08 % but saw a reduction from the preceding quarter by -15.25 %.
Tax expenses as a percentage of profits increased slightly by 1.2 % compared to last year, with a more notable quarter-on-quarter decrease of -12.05 %. Net profit rose by 89.47 % year-on-year but witnessed a -0.46 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 81.82 % but a quarterly rise of 0 %. In summary, Super Tannery 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. 47.771 Cr | Rs. 63.211 Cr | Rs. 64.601 Cr | + 2.2 % | + 35.23 % |
| Expenses | Rs. 43.86 Cr | Rs. 57.49 Cr | Rs. 59.16 Cr | + 2.9 % | + 34.88 % |
| Operating Profit | Rs. 3.91 Cr | Rs. 5.72 Cr | Rs. 5.44 Cr | -4.9 % | + 39.13 % |
| Net Profit | Rs. 1.14 Cr | Rs. 2.17 Cr | Rs. 2.16 Cr | -0.46 % | + 89.47 % |
| EPS in Rs | Rs. 0.11 | Rs. 0.2 | Rs. 0.2 | + 0 % | + 81.82 % |
In reviewing Super Tannery Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 35.23 % year-on-year growth, however, there was a minor increase of 2.2 % from the previous quarter. Expenses rose by 34.88 % compared to the previous year, with a 2.9 % increase quarter-on-quarter. Operating Profit surged by 39.13 % annually, and saw a -4.9 % decrease from the last quarter.
Net Profit showed yearly increase of 89.47 %, and experienced a -0.46 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 81.82 % annually, however rose by 0 % compared to the last quarter. In essence, while Super Tannery Limited exhibits strong annual growth indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.
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