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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 experienced a substantial growth of 1.39 % in the past year, decrease in net sales/revenue by -3.73 %.
- 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 2155.32 %. Marginal increase in other income during this quarter, up by 2.71%.
- Profit over the Year and quarter: Challenges in sustaining profitability for Wires & Fabriks (SA) Ltd.,. Profit dropped by -55.36 % Year to Year, Wires & Fabriks (SA) Ltd.,’s profitability dropped by -76.04 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -54.55 % Year to Year. EPS decreased by -75.49 % 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. 25.095 Cr | Rs. 26.432 Cr | Rs. 25.445 Cr | -3.73 % | + 1.39 % |
| Expenses | Rs. 20.85 Cr | Rs. 22.52 Cr | Rs. 22.65 Cr | + 0.58 % | + 8.63 % |
| Operating Profit | Rs. 4.25 Cr | Rs. 3.91 Cr | Rs. 2.8 Cr | -28.39 % | -34.12 % |
| OPM % | 16.94 % | 14.79 % | 11 % | -3.79 % | -5.94 % |
| Other Income | Rs. 0.047 Cr | Rs. 1.032 Cr | Rs. 1.06 Cr | + 2.71 % | + 2155.32 % |
| Interest | Rs. 1.36 Cr | Rs. 1.92 Cr | Rs. 1.28 Cr | -33.33 % | -5.88 % |
| Depreciation | Rs. 2.77 Cr | Rs. 2.85 Cr | Rs. 2.36 Cr | -17.19 % | -14.8 % |
| Profit before tax | Rs. 0.17 Cr | Rs. 0.17 Cr | Rs. 0.22 Cr | + 29.41 % | + 29.41 % |
| Tax % | 0.6 % | 75.84 % | 65.6 % | -10.24 % | + 65 % |
| Net Profit | Rs. 0.17 Cr | Rs. 0.31 Cr | Rs. 0.08 Cr | -74.19 % | -52.94 % |
| EPS in Rs | Rs. 0.55 | Rs. 1.02 | Rs. 0.25 | -75.49 % | -54.55 % |
Today, we’re looking at Wires & Fabriks (SA) Ltd.,’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 1.39 %. However, it did see a marginal slip of -3.73 % from the previous quarter. Expenses ticked up slightly by 0.58 % quarter-on-quarter, aligning with the annual rise of 8.63 %. Operating profit, while down -34.12 % compared to last year, faced a quarter-on-quarter dip of -28.39 %, 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 -5.94 %, but a shrinkage of -3.79 % sequentially. Other income rose by 2.71 % compared to the last quarter, despite an annual growth of 2155.32 %. Interest expenses dropped significantly by -33.33 % from the previous quarter, yet the year-over-year decrease remains at a moderate -5.88 %. Depreciation costs fell by -17.19 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -14.8 %. Profit before tax grew annually by 29.41 % but saw an increase from the preceding quarter by 29.41 %.
Tax expenses as a percentage of profits increased slightly by 65 % compared to last year, with a more notable quarter-on-quarter decrease of -10.24 %. Net profit fell by -52.94 % year-on-year but witnessed a -74.19 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -54.55 % but a quarterly fall of -75.49 %. In summary, Wires & Fabriks (SA) Ltd.,’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. 25.095 Cr | Rs. 26.432 Cr | Rs. 25.445 Cr | -3.73 % | + 1.39 % |
| Expenses | Rs. 20.85 Cr | Rs. 22.52 Cr | Rs. 22.65 Cr | + 0.58 % | + 8.63 % |
| Operating Profit | Rs. 4.25 Cr | Rs. 3.91 Cr | Rs. 2.8 Cr | -28.39 % | -34.12 % |
| Net Profit | Rs. 0.17 Cr | Rs. 0.31 Cr | Rs. 0.08 Cr | -74.19 % | -52.94 % |
| EPS in Rs | Rs. 0.55 | Rs. 1.02 | Rs. 0.25 | -75.49 % | -54.55 % |
In reviewing Wires & Fabriks (SA) Ltd.,’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 1.39 % year-on-year growth, although there was a slight dip of -3.73 % from the previous quarter. Expenses rose by 8.63 % compared to the previous year, with a 0.58 % increase quarter-on-quarter. Operating Profit dropped by -34.12 % annually, and saw a -28.39 % decrease from the last quarter.
Net Profit showed yearly decrease of -52.94 %, and experienced a -74.19 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -54.55 % annually, however dipped by -75.49 % compared to the last quarter. In essence, while Wires & Fabriks (SA) 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.
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