Suryavanshi Spinning Mills announces Q1 results: Profit Rises by 13.33% YoY

The comprehensive analytics outlining the performance and outlook of Suryavanshi Spinning Mills Ltd.,‘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 Suryavanshi Spinning Mills Ltd.,’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -99.79 %. However, it did see a marginal slip of -82.86 % from the previous quarter. Expenses ticked up slightly by 88.1 % quarter-on-quarter, aligning with the annual decline of -93.51 %. Operating profit, while up 14.44 % compared to last year, faced a quarter-on-quarter dip of -175 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -3200.35 %, but a shrinkage of -3008.33 % sequentially. Other income fell by -97.1 % compared to the last quarter, despite an annual decline of -46.26 %. Interest expenses surged remarkably by 900 % from the previous quarter, yet the year-over-year decrease remains at a moderate -14.89 %. Depreciation costs fell by -5.88 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -60.98 %. Profit before tax grew annually by 21.33 % but saw a reduction from the preceding quarter by -125 %.
Net profit rose by 13.33 % year-on-year but witnessed a -148.87 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 13.44 % but a quarterly fall of -148.71 %. In summary, Suryavanshi Spinning Mills Ltd.,’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.

In reviewing Suryavanshi Spinning Mills Ltd.,’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -99.79 % year-on-year, although there was a slight dip of -82.86 % from the previous quarter. Expenses decreased by -93.51 % compared to the previous year, with a 88.1 % increase quarter-on-quarter. Operating Profit surged by 14.44 % annually, and saw a -175 % decrease from the last quarter.
Net Profit showed yearly increase of 13.33 %, and experienced a -148.87 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 13.44 % annually, however dipped by -148.71 % compared to the last quarter. In essence, while Suryavanshi Spinning Mills 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.