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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 11.31 % in the past year, decrease in net sales/revenue by -12.35 %.
- 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 66.02 %. Marginal increase in other income during this quarter, up by 0.32%.
- Profit over the Year and quarter: Significant improvement in profitability for Supreme Industries Ltd.,. Notable increase of 26.83 % in net profit Year to Year, Supreme Industries Ltd.,’s profitability dropped by -22.96 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 26.81 % Year to Year. EPS decreased by -22.95 % 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. 2368.58 Cr | Rs. 3007.89 Cr | Rs. 2636.35 Cr | -12.35 % | + 11.31 % |
| Expenses | Rs. 2046.99 Cr | Rs. 2517.22 Cr | Rs. 2249.02 Cr | -10.65 % | + 9.87 % |
| Operating Profit | Rs. 321.59 Cr | Rs. 490.67 Cr | Rs. 387.33 Cr | -21.06 % | + 20.44 % |
| OPM % | 13.58 % | 16.31 % | 14.69 % | -1.62 % | + 1.11 % |
| Other Income | Rs. 35.52 Cr | Rs. 58.78 Cr | Rs. 58.97 Cr | + 0.32 % | + 66.02 % |
| Interest | Rs. 1.69 Cr | Rs. 7.72 Cr | Rs. 3.33 Cr | -56.87 % | + 97.04 % |
| Depreciation | Rs. 72.05 Cr | Rs. 77.17 Cr | Rs. 86.03 Cr | + 11.48 % | + 19.4 % |
| Profit before tax | Rs. 283.37 Cr | Rs. 464.56 Cr | Rs. 356.94 Cr | -23.17 % | + 25.96 % |
| Tax % | 25.88 % | 25.89 % | 26.16 % | + 0.27 % | + 0.28 % |
| Net Profit | Rs. 215.54 Cr | Rs. 354.82 Cr | Rs. 273.37 Cr | -22.96 % | + 26.83 % |
| EPS in Rs | Rs. 16.97 | Rs. 27.93 | Rs. 21.52 | -22.95 % | + 26.81 % |
Today, we’re looking at Supreme Industries Ltd.,’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 11.31 %. However, it did see a marginal slip of -12.35 % from the previous quarter. Expenses decreased slightly by -10.65 % quarter-on-quarter, aligning with the annual rise of 9.87 %. Operating profit, while up 20.44 % compared to last year, faced a quarter-on-quarter dip of -21.06 %, 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 1.11 %, but a shrinkage of -1.62 % sequentially. Other income rose by 0.32 % compared to the last quarter, despite an annual growth of 66.02 %. Interest expenses dropped significantly by -56.87 % from the previous quarter, yet the year-over-year increase remains at a moderate 97.04 %. Depreciation costs climbed by 11.48 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 19.4 %. Profit before tax grew annually by 25.96 % but saw a reduction from the preceding quarter by -23.17 %.
Tax expenses as a percentage of profits increased slightly by 0.28 % compared to last year, with a more notable quarter-on-quarter increase of 0.27 %. Net profit rose by 26.83 % year-on-year but witnessed a -22.96 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 26.81 % but a quarterly fall of -22.95 %. In summary, Supreme 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. 2368.58 Cr | Rs. 3007.89 Cr | Rs. 2636.35 Cr | -12.35 % | + 11.31 % |
| Expenses | Rs. 2046.99 Cr | Rs. 2517.22 Cr | Rs. 2249.02 Cr | -10.65 % | + 9.87 % |
| Operating Profit | Rs. 321.59 Cr | Rs. 490.67 Cr | Rs. 387.33 Cr | -21.06 % | + 20.44 % |
| Net Profit | Rs. 215.54 Cr | Rs. 354.82 Cr | Rs. 273.37 Cr | -22.96 % | + 26.83 % |
| EPS in Rs | Rs. 16.97 | Rs. 27.93 | Rs. 21.52 | -22.95 % | + 26.81 % |
In reviewing Supreme Industries Ltd.,’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 11.31 % year-on-year growth, although there was a slight dip of -12.35 % from the previous quarter. Expenses rose by 9.87 % compared to the previous year, with a decrease of -10.65 % quarter-on-quarter. Operating Profit surged by 20.44 % annually, and saw a -21.06 % decrease from the last quarter.
Net Profit showed yearly increase of 26.83 %, and experienced a -22.96 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 26.81 % annually, however dipped by -22.95 % compared to the last quarter. In essence, while Supreme Industries Ltd., 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.
