Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 12.03 % in the past year, substantial increase in net sales/revenue by 8.14 %.
- 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 246.33 %. Marginal increase in other income during this quarter, up by 116.07%.
- Profit over the Year and quarter: Significant improvement in profitability for Suprajit Engineering Ltd.. Notable increase of 44.24 % in net profit Year to Year, Suprajit Engineering Ltd.’s profitability increased by 46.97 % in this quarter.
- EPS over the Year and quarter: EPS increased by 44.26 % Year to Year. EPS increased by 46.74 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 699.009 Cr | Rs. 724.176 Cr | Rs. 783.122 Cr | + 8.14 % | + 12.03 % |
| Expenses | Rs. 611.91 Cr | Rs. 636.9 Cr | Rs. 688.71 Cr | + 8.13 % | + 12.55 % |
| Operating Profit | Rs. 87.1 Cr | Rs. 87.28 Cr | Rs. 94.41 Cr | + 8.17 % | + 8.39 % |
| OPM % | 12.46 % | 12.05 % | 12.06 % | + 0.01 % | -0.4 % |
| Other Income | Rs. 5.59 Cr | Rs. 8.96 Cr | Rs. 19.36 Cr | + 116.07 % | + 246.33 % |
| Interest | Rs. 11.47 Cr | Rs. 13.2 Cr | Rs. 12.8 Cr | -3.03 % | + 11.6 % |
| Depreciation | Rs. 23.13 Cr | Rs. 25.85 Cr | Rs. 27.53 Cr | + 6.5 % | + 19.02 % |
| Profit before tax | Rs. 58.09 Cr | Rs. 57.19 Cr | Rs. 73.44 Cr | + 28.41 % | + 26.42 % |
| Tax % | 29.41 % | 29.62 % | 19.46 % | -10.16 % | -9.95 % |
| Net Profit | Rs. 41.01 Cr | Rs. 40.25 Cr | Rs. 59.15 Cr | + 46.96 % | + 44.23 % |
| EPS in Rs | Rs. 2.96 | Rs. 2.9 | Rs. 4.26 | + 46.9 % | + 43.92 % |
Today, we’re looking at Suprajit Engineering 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 12.03 %. However, it did see a marginal increase of 8.14 % from the previous quarter. Expenses ticked up slightly by 8.13 % quarter-on-quarter, aligning with the annual rise of 12.55 %. Operating profit, while up 8.39 % compared to last year, faced a quarter-on-quarter increase of 8.17 %, 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 -0.4 %, but an expansion of 0.01 % sequentially. Other income rose by 116.07 % compared to the last quarter, despite an annual growth of 246.33 %. Interest expenses dropped significantly by -3.03 % from the previous quarter, yet the year-over-year increase remains at a moderate 11.6 %. Depreciation costs climbed by 6.5 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 19.02 %. Profit before tax grew annually by 26.42 % but saw an increase from the preceding quarter by 28.41 %.
Tax expenses as a percentage of profits decreased slightly by -9.95 % compared to last year, with a more notable quarter-on-quarter decrease of -10.16 %. Net profit rose by 44.23 % year-on-year but experienced a 46.96 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 43.92 % but a quarterly rise of 46.9 %. In summary, Suprajit Engineering 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. 699.009 Cr | Rs. 724.176 Cr | Rs. 783.122 Cr | + 8.14 % | + 12.03 % |
| Expenses | Rs. 611.91 Cr | Rs. 636.9 Cr | Rs. 688.71 Cr | + 8.13 % | + 12.55 % |
| Operating Profit | Rs. 87.1 Cr | Rs. 87.28 Cr | Rs. 94.41 Cr | + 8.17 % | + 8.39 % |
| Net Profit | Rs. 41.01 Cr | Rs. 40.25 Cr | Rs. 59.15 Cr | + 46.96 % | + 44.23 % |
| EPS in Rs | Rs. 2.96 | Rs. 2.9 | Rs. 4.26 | + 46.9 % | + 43.92 % |
In reviewing Suprajit Engineering Ltd.’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 12.03 % year-on-year growth, however, there was a minor increase of 8.14 % from the previous quarter. Expenses rose by 12.55 % compared to the previous year, with a 8.13 % increase quarter-on-quarter. Operating Profit surged by 8.39 % annually, and saw a 8.17 % increase from the last quarter.
Net Profit showed yearly increase of 44.23 %, and experienced a 46.96 % increase from the previous quarter. Earnings Per Share (EPS) rose by 43.92 % annually, however rose by 46.9 % compared to the last quarter. In essence, while Suprajit Engineering 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.
