Synthiko Foils announces Q1 results: Profit Rises by 1750% YoY

The comprehensive analytics outlining the performance and outlook of Synthiko Foils 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 Synthiko Foils 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 -10.27 %. However, it did see a marginal increase of 4.42 % from the previous quarter. Expenses ticked up slightly by 0.34 % quarter-on-quarter, aligning with the annual decline of -16.22 %. Operating profit, while up 410 % compared to last year, faced a quarter-on-quarter increase of 96.15 %, 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 6.57 %, but an expansion of 3.73 % sequentially. Interest expenses dropped significantly by -44.44 % from the previous quarter, yet the year-over-year decrease remains at a moderate -37.5 %. Depreciation costs climbed by 0 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -25 %. Profit before tax grew annually by 2250 % but saw an increase from the preceding quarter by 207.14 %.
Tax expenses as a percentage of profits increased slightly by 27.03 % compared to last year, with a more notable quarter-on-quarter decrease of -9.66 %. Net profit rose by 1750 % year-on-year but experienced a 230 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 1683.33 % but a quarterly rise of 245.45 %. In summary, Synthiko Foils Ltd.,’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.

In reviewing Synthiko Foils Ltd.,’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -10.27 % year-on-year, however, there was a minor increase of 4.42 % from the previous quarter. Expenses decreased by -16.22 % compared to the previous year, with a 0.34 % increase quarter-on-quarter. Operating Profit surged by 410 % annually, and saw a 96.15 % increase from the last quarter.
Net Profit showed yearly increase of 1750 %, and experienced a 230 % increase from the previous quarter. Earnings Per Share (EPS) rose by 1683.33 % annually, however rose by 245.45 % compared to the last quarter. In essence, while Synthiko Foils Ltd., 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.