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Highlights
- The presented financial data is Standalone to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company’s sales declined by -6.05 % over the year, decrease in net sales/revenue by -4.31 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -20.49 %, Marginal decrease of -70.76% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for Synergy Green Industries Limited. Notable increase of 18.6 % in net profit Year to Year, Synergy Green Industries Limited’s profitability dropped by -9.28 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 18.75 % Year to Year. EPS decreased by -9.13 % 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. 83.83 Cr | Rs. 82.31 Cr | Rs. 78.761 Cr | -4.31 % | -6.05 % |
| Expenses | Rs. 74.35 Cr | Rs. 72.74 Cr | Rs. 68.53 Cr | -5.79 % | -7.83 % |
| Operating Profit | Rs. 9.48 Cr | Rs. 9.57 Cr | Rs. 10.23 Cr | + 6.9 % | + 7.91 % |
| OPM % | 11.31 % | 11.63 % | 12.99 % | + 1.36 % | + 1.68 % |
| Other Income | Rs. 0.371 Cr | Rs. 1.009 Cr | Rs. 0.295 Cr | -70.76 % | -20.49 % |
| Interest | Rs. 3.44 Cr | Rs. 3.32 Cr | Rs. 3.42 Cr | + 3.01 % | -0.58 % |
| Depreciation | Rs. 2.77 Cr | Rs. 3.23 Cr | Rs. 3.03 Cr | -6.19 % | + 9.39 % |
| Profit before tax | Rs. 3.64 Cr | Rs. 4.03 Cr | Rs. 4.08 Cr | + 1.24 % | + 12.09 % |
| Tax % | 31.73 % | 19.32 % | 27.5 % | + 8.18 % | -4.23 % |
| Net Profit | Rs. 2.49 Cr | Rs. 3.25 Cr | Rs. 2.95 Cr | -9.23 % | + 18.47 % |
| EPS in Rs | Rs. 1.76 | Rs. 2.3 | Rs. 2.09 | -9.13 % | + 18.75 % |
Today, we’re looking at Synergy Green 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 -6.05 %. However, it did see a marginal slip of -4.31 % from the previous quarter. Expenses decreased slightly by -5.79 % quarter-on-quarter, aligning with the annual decline of -7.83 %. Operating profit, while up 7.91 % compared to last year, faced a quarter-on-quarter increase of 6.9 %, 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 1.68 %, but an expansion of 1.36 % sequentially. Other income fell by -70.76 % compared to the last quarter, despite an annual decline of -20.49 %. Interest expenses surged remarkably by 3.01 % from the previous quarter, yet the year-over-year decrease remains at a moderate -0.58 %. Depreciation costs fell by -6.19 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 9.39 %. Profit before tax grew annually by 12.09 % but saw an increase from the preceding quarter by 1.24 %.
Tax expenses as a percentage of profits decreased slightly by -4.23 % compared to last year, with a more notable quarter-on-quarter increase of 8.18 %. Net profit rose by 18.47 % year-on-year but witnessed a -9.23 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 18.75 % but a quarterly fall of -9.13 %. In summary, Synergy Green 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. 83.83 Cr | Rs. 82.31 Cr | Rs. 78.761 Cr | -4.31 % | -6.05 % |
| Expenses | Rs. 74.35 Cr | Rs. 72.74 Cr | Rs. 68.53 Cr | -5.79 % | -7.83 % |
| Operating Profit | Rs. 9.48 Cr | Rs. 9.57 Cr | Rs. 10.23 Cr | + 6.9 % | + 7.91 % |
| Net Profit | Rs. 2.49 Cr | Rs. 3.25 Cr | Rs. 2.95 Cr | -9.23 % | + 18.47 % |
| EPS in Rs | Rs. 1.76 | Rs. 2.3 | Rs. 2.09 | -9.13 % | + 18.75 % |
In reviewing Synergy Green Industries Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -6.05 % year-on-year, although there was a slight dip of -4.31 % from the previous quarter. Expenses decreased by -7.83 % compared to the previous year, with a decrease of -5.79 % quarter-on-quarter. Operating Profit surged by 7.91 % annually, and saw a 6.9 % increase from the last quarter.
Net Profit showed yearly increase of 18.47 %, and experienced a -9.23 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 18.75 % annually, however dipped by -9.13 % compared to the last quarter. In essence, while Synergy Green 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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