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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’s sales declined by -6.59 % over the year, substantial increase in net sales/revenue by 0.26 %.
- 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 9.65 %. Marginal increase in other income during this quarter, up by 1966.67%.
- Profit over the Year and quarter: Challenges in sustaining profitability for SUTLEJ TEXTILES & INDUSTRIES LIMITED. Profit dropped by -62.61 % Year to Year, SUTLEJ TEXTILES & INDUSTRIES LIMITED’s profitability dropped by -55.38 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -62.37 % Year to Year. EPS decreased by -55.13 % 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. 704.48 Cr | Rs. 656.35 Cr | Rs. 658.07 Cr | + 0.26 % | -6.59 % |
| Expenses | Rs. 705.93 Cr | Rs. 652.05 Cr | Rs. 639.65 Cr | -1.9 % | -9.39 % |
| Operating Profit | Rs. -1.45 Cr | Rs. 4.3 Cr | Rs. 18.42 Cr | + 328.37 % | + 1370.34 % |
| OPM % | -0.21 % | 0.66 % | 2.8 % | + 2.14 % | + 3.01 % |
| Other Income | Rs. 6.22 Cr | Rs. 0.33 Cr | Rs. 6.82 Cr | + 1966.67 % | + 9.65 % |
| Interest | Rs. 18.48 Cr | Rs. 15.24 Cr | Rs. 15.91 Cr | + 4.4 % | -13.91 % |
| Depreciation | Rs. 31.19 Cr | Rs. 27.94 Cr | Rs. 28.1 Cr | + 0.57 % | -9.91 % |
| Profit before tax | Rs. -44.9 Cr | Rs. -38.55 Cr | Rs. -18.77 Cr | + 51.31 % | + 58.2 % |
| Tax % | -32.09 % | -33.72 % | -39.26 % | -5.54 % | -7.17 % |
| Net Profit | Rs. -30.49 Cr | Rs. -25.55 Cr | Rs. -11.4 Cr | + 55.38 % | + 62.61 % |
| EPS in Rs | Rs. -1.86 | Rs. -1.56 | Rs. -0.7 | + 55.13 % | + 62.37 % |
Today, we’re looking at SUTLEJ TEXTILES & INDUSTRIES LIMITED’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -6.59 %. However, it did see a marginal increase of 0.26 % from the previous quarter. Expenses decreased slightly by -1.9 % quarter-on-quarter, aligning with the annual decline of -9.39 %. Operating profit, while up 1370.34 % compared to last year, faced a quarter-on-quarter increase of 328.37 %, 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 3.01 %, but an expansion of 2.14 % sequentially. Other income rose by 1966.67 % compared to the last quarter, despite an annual growth of 9.65 %. Interest expenses surged remarkably by 4.4 % from the previous quarter, yet the year-over-year decrease remains at a moderate -13.91 %. Depreciation costs climbed by 0.57 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -9.91 %. Profit before tax grew annually by 58.2 % but saw an increase from the preceding quarter by 51.31 %.
Tax expenses as a percentage of profits decreased slightly by -7.17 % compared to last year, with a more notable quarter-on-quarter decrease of -5.54 %. Net profit rose by 62.61 % year-on-year but experienced a 55.38 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 62.37 % but a quarterly rise of 55.13 %. In summary, SUTLEJ TEXTILES & INDUSTRIES 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. 704.48 Cr | Rs. 656.35 Cr | Rs. 658.07 Cr | + 0.26 % | -6.59 % |
| Expenses | Rs. 705.93 Cr | Rs. 652.05 Cr | Rs. 639.65 Cr | -1.9 % | -9.39 % |
| Operating Profit | Rs. -1.45 Cr | Rs. 4.3 Cr | Rs. 18.42 Cr | + 328.37 % | + 1370.34 % |
| Net Profit | Rs. -30.49 Cr | Rs. -25.55 Cr | Rs. -11.4 Cr | + 55.38 % | + 62.61 % |
| EPS in Rs | Rs. -1.86 | Rs. -1.56 | Rs. -0.7 | + 55.13 % | + 62.37 % |
In reviewing SUTLEJ TEXTILES & INDUSTRIES LIMITED’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -6.59 % year-on-year, however, there was a minor increase of 0.26 % from the previous quarter. Expenses decreased by -9.39 % compared to the previous year, with a decrease of -1.9 % quarter-on-quarter. Operating Profit surged by 1370.34 % annually, and saw a 328.37 % increase from the last quarter.
Net Profit showed yearly increase of 62.61 %, and experienced a 55.38 % increase from the previous quarter. Earnings Per Share (EPS) rose by 62.37 % annually, however rose by 55.13 % compared to the last quarter. In essence, while SUTLEJ TEXTILES & INDUSTRIES 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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