Surya India announces Q1 results: Profit Rises by 242.86% YoY

The comprehensive analytics outlining the performance and outlook of Surya India 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 Surya India 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 22.17 %. However, it did see a marginal increase of 4.95 % from the previous quarter. Expenses ticked up slightly by 13.73 % quarter-on-quarter, aligning with the annual decline of -3.33 %. Operating profit, while up 68.75 % compared to last year, faced a quarter-on-quarter dip of -3.57 %, 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 13.26 %, but a shrinkage of -4.25 % sequentially. Interest expenses surged remarkably by 0 % from the previous quarter, yet the year-over-year increase remains at a moderate 0 %. Depreciation costs climbed by 0 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 0 %. Profit before tax grew annually by 220 % but saw a reduction from the preceding quarter by -96.98 %.
Tax expenses as a percentage of profits decreased slightly by -3.78 % compared to last year, with a more notable quarter-on-quarter increase of 8.48 %. Net profit rose by 242.86 % year-on-year but witnessed a -97.2 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 277.78 % but a quarterly fall of -97.23 %. In summary, Surya India Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.

In reviewing Surya India Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 22.17 % year-on-year growth, however, there was a minor increase of 4.95 % from the previous quarter. Expenses decreased by -3.33 % compared to the previous year, with a 13.73 % increase quarter-on-quarter. Operating Profit surged by 68.75 % annually, and saw a -3.57 % decrease from the last quarter.
Net Profit showed yearly increase of 242.86 %, and experienced a -97.2 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 277.78 % annually, however dipped by -97.23 % compared to the last quarter. In essence, while Surya India 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.