Surana Solar : Q1 2024 Financial Quarterly Report : YoY Sales Up 72.02 %, QoQ Up 188.84 %

The comprehensive analytics outlining the performance and outlook of Surana Solar Limited”s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

Today, we’re looking at Surana Solar 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 72.02 %. However, it did see a marginal increase of 188.84 % from the previous quarter. Expenses ticked up slightly by 199.18 % quarter-on-quarter, aligning with the annual rise of 75.08 %. Operating profit, while up 23.68 % compared to last year, faced a quarter-on-quarter increase of 62.07 %, 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 -1.61 %, but a shrinkage of -3.23 % sequentially. Other income rose by 190.91 % compared to the last quarter, despite an annual decline of -50 %. Interest expenses surged remarkably by 0 % from the previous quarter, yet the year-over-year increase remains at a moderate 200 %. Depreciation costs climbed by 62.96 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -33.33 %. Profit before tax declined annually by -8.57 % but saw an increase from the preceding quarter by 220 %.
Tax expenses as a percentage of profits decreased slightly by -19.57 % compared to last year, with a more notable quarter-on-quarter decrease of -238.56 %. Net profit rose by 16.67 % year-on-year but experienced a 286.67 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 20 % but a quarterly rise of 300 %. In summary, Surana Solar Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.

In reviewing Surana Solar Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 72.02 % year-on-year growth, however, there was a minor increase of 188.84 % from the previous quarter. Expenses rose by 75.08 % compared to the previous year, with a 199.18 % increase quarter-on-quarter. Operating Profit surged by 23.68 % annually, and saw a 62.07 % increase from the last quarter.
Net Profit showed yearly increase of 16.67 %, and experienced a 286.67 % increase from the previous quarter. Earnings Per Share (EPS) rose by 20 % annually, however rose by 300 % compared to the last quarter. In essence, while Surana Solar Limited 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.