Share the post "Wires & Fabriks (SA) : Q4 2024 Financial Quarterly Report : YoY Sales Down 8.9 %, QoQ Down 8.91 %"
Highlights
- Sales over the Year and quarter: The company’s sales declined by -8.9 % over the year, decrease in net sales/revenue by -8.91 %.
- 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 186.11 %. Marginal increase in other income during this quarter, up by 3333.33%.
- Profit over the Year and quarter: Challenges in sustaining profitability for Wires & Fabriks (SA) Ltd.,. Profit dropped by -10.32 % Year to Year, Wires & Fabriks (SA) Ltd.,’s profitability dropped by -46.4 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -10.53 % Year to Year. EPS decreased by -46.6 % 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. 29.014 Cr | Rs. 29.018 Cr | Rs. 26.432 Cr | -8.91 % | -8.9 % |
| Expenses | Rs. 24.45 Cr | Rs. 24.1 Cr | Rs. 22.52 Cr | -6.56 % | -7.89 % |
| Operating Profit | Rs. 4.56 Cr | Rs. 4.92 Cr | Rs. 3.91 Cr | -20.53 % | -14.25 % |
| OPM % | 15.72 % | 16.95 % | 14.79 % | -2.16 % | -0.93 % |
| Other Income | Rs. 0.36 Cr | Rs. 0.03 Cr | Rs. 1.03 Cr | + 3333.33 % | + 186.11 % |
| Interest | Rs. 1.56 Cr | Rs. 1.5 Cr | Rs. 1.92 Cr | + 28 % | + 23.08 % |
| Depreciation | Rs. 2.77 Cr | Rs. 2.9 Cr | Rs. 2.85 Cr | -1.72 % | + 2.89 % |
| Profit before tax | Rs. 0.59 Cr | Rs. 0.55 Cr | Rs. 0.17 Cr | -69.09 % | -71.19 % |
| Tax % | 41.54 % | 6.76 % | 75.84 % | + 69.08 % | + 34.3 % |
| Net Profit | Rs. 0.35 Cr | Rs. 0.58 Cr | Rs. 0.31 Cr | -46.55 % | -11.43 % |
| EPS in Rs | Rs. 1.14 | Rs. 1.91 | Rs. 1.02 | -46.6 % | -10.53 % |
Today, we’re looking at Wires & Fabriks (SA) Ltd.,’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -8.9 %. However, it did see a marginal slip of -8.91 % from the previous quarter. Expenses decreased slightly by -6.56 % quarter-on-quarter, aligning with the annual decline of -7.89 %. Operating profit, while down -14.25 % compared to last year, faced a quarter-on-quarter dip of -20.53 %, 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 -0.93 %, but a shrinkage of -2.16 % sequentially. Other income rose by 3333.33 % compared to the last quarter, despite an annual growth of 186.11 %. Interest expenses surged remarkably by 28 % from the previous quarter, yet the year-over-year increase remains at a moderate 23.08 %. Depreciation costs fell by -1.72 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 2.89 %. Profit before tax declined annually by -71.19 % but saw a reduction from the preceding quarter by -69.09 %.
Tax expenses as a percentage of profits increased slightly by 34.3 % compared to last year, with a more notable quarter-on-quarter increase of 69.08 %. Net profit fell by -11.43 % year-on-year but witnessed a -46.55 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -10.53 % but a quarterly fall of -46.6 %. 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. 29.014 Cr | Rs. 29.018 Cr | Rs. 26.432 Cr | -8.91 % | -8.9 % |
| Expenses | Rs. 24.45 Cr | Rs. 24.1 Cr | Rs. 22.52 Cr | -6.56 % | -7.89 % |
| Operating Profit | Rs. 4.56 Cr | Rs. 4.92 Cr | Rs. 3.91 Cr | -20.53 % | -14.25 % |
| Net Profit | Rs. 0.35 Cr | Rs. 0.58 Cr | Rs. 0.31 Cr | -46.55 % | -11.43 % |
| EPS in Rs | Rs. 1.14 | Rs. 1.91 | Rs. 1.02 | -46.6 % | -10.53 % |
In reviewing Wires & Fabriks (SA) Ltd.,’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -8.9 % year-on-year, although there was a slight dip of -8.91 % from the previous quarter. Expenses decreased by -7.89 % compared to the previous year, with a decrease of -6.56 % quarter-on-quarter. Operating Profit dropped by -14.25 % annually, and saw a -20.53 % decrease from the last quarter.
Net Profit showed yearly decrease of -11.43 %, and experienced a -46.55 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -10.53 % annually, however dipped by -46.6 % compared to the last quarter. In essence, while Wires & Fabriks (SA) Ltd., faces strong annual decline indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.
