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Suryaamba Spinning Mills : Q4 2024 Financial Quarterly Report : YoY Sales Down 17.72 %, QoQ Up 13.19 %

July 1, 2024July 1, 2024| adminadmin| 0 Comments| 8:25 am
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Highlights

  • Sales over the Year and quarter: The company’s sales declined by -17.72 % over the year, substantial increase in net sales/revenue by 13.19 %.
  • 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 4.55 %. Marginal increase in other income during this quarter, up by 0%.
  • Profit over the Year and quarter: Significant improvement in profitability for Suryaamba Spinning Mills Limited. Notable increase of 32.12 % in net profit Year to Year, Suryaamba Spinning Mills Limited’s profitability increased by 1583.72 % in this quarter.
  • EPS over the Year and quarter: EPS increased by 32.09 % Year to Year. EPS increased by 1546.67 % in previous quarter. Positive impact on shareholders.

The comprehensive analytics outlining the performance and outlook of Suryaamba Spinning Mills 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.

Metrics Previous Year Previous Quarter Current Quarter Quarter to Quarter Difference Year to Year Difference
Sales Rs. 67.259 Cr Rs. 48.895 Cr Rs. 55.344 Cr + 13.19 % -17.72 %
Expenses Rs. 63.4 Cr Rs. 46.09 Cr Rs. 51.54 Cr + 11.82 % -18.71 %
Operating Profit Rs. 3.86 Cr Rs. 2.8 Cr Rs. 3.8 Cr + 35.71 % -1.55 %
OPM % 5.74 % 5.73 % 6.87 % + 1.14 % + 1.13 %
Other Income Rs. 0.22 Cr Rs. 0.23 Cr Rs. 0.23 Cr + 0 % + 4.55 %
Interest Rs. 1.43 Cr Rs. 1.39 Cr Rs. 1.41 Cr + 1.44 % -1.4 %
Depreciation Rs. 1.63 Cr Rs. 1.59 Cr Rs. 1.6 Cr + 0.63 % -1.84 %
Profit before tax Rs. 1.02 Cr Rs. 0.05 Cr Rs. 1.02 Cr + 1940 % + 0 %
Tax % 46.12 % 27.12 % 29.75 % + 2.63 % -16.37 %
Net Profit Rs. 0.55 Cr Rs. 0.04 Cr Rs. 0.72 Cr + 1700 % + 30.91 %
EPS in Rs Rs. 1.87 Rs. 0.15 Rs. 2.47 + 1546.67 % + 32.09 %


Today, we’re looking at Suryaamba Spinning Mills Limited’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -17.72 %. However, it did see a marginal increase of 13.19 % from the previous quarter. Expenses ticked up slightly by 11.82 % quarter-on-quarter, aligning with the annual decline of -18.71 %. Operating profit, while down -1.55 % compared to last year, faced a quarter-on-quarter increase of 35.71 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 1.13 %, but an expansion of 1.14 % sequentially. Other income rose by 0 % compared to the last quarter, despite an annual growth of 4.55 %. Interest expenses surged remarkably by 1.44 % from the previous quarter, yet the year-over-year decrease remains at a moderate -1.4 %. Depreciation costs climbed by 0.63 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -1.84 %. Profit before tax grew annually by 0 % but saw an increase from the preceding quarter by 1940 %.
Tax expenses as a percentage of profits decreased slightly by -16.37 % compared to last year, with a more notable quarter-on-quarter increase of 2.63 %. Net profit rose by 30.91 % year-on-year but experienced a 1700 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 32.09 % but a quarterly rise of 1546.67 %. In summary, Suryaamba Spinning Mills 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. 67.259 Cr Rs. 48.895 Cr Rs. 55.344 Cr + 13.19 % -17.72 %
Expenses Rs. 63.4 Cr Rs. 46.09 Cr Rs. 51.54 Cr + 11.82 % -18.71 %
Operating Profit Rs. 3.86 Cr Rs. 2.8 Cr Rs. 3.8 Cr + 35.71 % -1.55 %
Net Profit Rs. 0.55 Cr Rs. 0.04 Cr Rs. 0.72 Cr + 1700 % + 30.91 %
EPS in Rs Rs. 1.87 Rs. 0.15 Rs. 2.47 + 1546.67 % + 32.09 %


In reviewing Suryaamba Spinning Mills Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -17.72 % year-on-year, however, there was a minor increase of 13.19 % from the previous quarter. Expenses decreased by -18.71 % compared to the previous year, with a 11.82 % increase quarter-on-quarter. Operating Profit dropped by -1.55 % annually, and saw a 35.71 % increase from the last quarter.
Net Profit showed yearly increase of 30.91 %, and experienced a 1700 % increase from the previous quarter. Earnings Per Share (EPS) rose by 32.09 % annually, however rose by 1546.67 % compared to the last quarter. In essence, while Suryaamba Spinning Mills 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.

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