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Sarup Industries Q1 Results, Net Profit Declines to ₹5.18 Lakhs and Net Sales Drop to ₹360.01 Lakhs
Sarup Industries Q1 Results show a 6.2% QoQ decrease in net sales to ₹360.01 lakhs, with a 52.3% QoQ drop in net profit to ₹5.18 lakhs, while Sarup Industries Q1 Results saw a stable public shareholding at 25.64% and a decrease in EPS from ₹0.33 to ₹0.16.
by P Nandhini
Updated Aug 29, 2024
Table of Content
Sarup Industries Q1 Results: Sarup Industries reported its unaudited financial results for the first quarter ending June 30, 2024, on August 29, 2024. The company saw a modest decline in revenue, with net sales falling by 6.2% compared to the previous quarter, down from ₹383.88 lakhs to ₹360.01 lakhs.
The total income from operations also decreased by 6.5% quarter-over-quarter, from ₹384.80 lakhs to ₹360.03 lakhs. Despite this revenue drop, Sarup Industries managed to maintain profitability, posting a net profit of ₹5.18 lakhs for the quarter.
This was a reduction of 52.3% from the ₹10.87 lakhs profit reported in the previous quarter. The company's earnings per share (EPS) stood at ₹0.16, down from ₹0.33 in the previous quarter. Public shareholding remained stable at 25.64%, while the promoter group maintained full ownership of their shares.
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Sarup Industries Q1 Results 2024 - 2025
Here is a summary of Sarup Industries's Q1 financial results for the year 2024-2025:
| Particulars | 30.06.2024 (Unaudited) | 31.03.2024 (Audited) |
|---|---|---|
| Net Sales/Income from Operations | ₹360.01 lakhs | ₹383.88 lakhs |
| Other Operating Income | ₹0.02 lakhs | ₹0.92 lakhs |
| Total Income from Operations | ₹360.03 lakhs | ₹384.80 lakhs |
| Cost of Materials Consumed | ₹146.47 lakhs | ₹182.60 lakhs |
| Employee Benefits Expense | ₹90.36 lakhs | ₹88.68 lakhs |
| Depreciation and Amortisation | ₹12.62 lakhs | ₹17.47 lakhs |
| Finance Cost | ₹46.18 lakhs | ₹52.43 lakhs |
| Other Expenses | ₹53.60 lakhs | ₹80.11 lakhs |
| Total Expenses | ₹354.85 lakhs | ₹362.11 lakhs |
| Profit Before Tax | ₹5.18 lakhs | ₹22.69 lakhs |
| Tax Expenses | ₹0.00 lakhs | ₹11.82 lakhs |
| Net Profit | ₹5.18 lakhs | ₹10.87 lakhs |
| Earnings Per Share (Basic & Diluted) | ₹0.16 | ₹0.33 |
| Public Shareholding | 25.64% | 25.64% |
| Promoter Non-Encumbered Shareholding | 74.36% | 74.36% |
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Sarup Industries Current Market Overview
Sarup Industries is currently trading at ₹49.4 per share, with no recent change in price. The company has a market capitalization of ₹16.1 crore. The stock has reached a high of ₹49.4 and a low of ₹22.6 in recent times.
The company does not offer a dividend, and its book value per share is negative at -₹23.9. Its Return on Capital Employed (ROCE) is 1.39%, but the Return on Equity (ROE) is not provided. The face value of the stock is ₹10. For more details, you can check their official website or look up their BSE code 514412.
| Metric | Value |
|---|---|
| Current Price | ₹49.4 |
| Market Cap | ₹16.1 Cr. |
| High / Low | ₹49.4 / ₹22.6 |
| Book Value | -₹23.9 |
| Dividend Yield | 0.00% |
| ROCE | 1.39% |
| Face Value | ₹10.0 |
| BSE Code | 514412 |
| Website | sarupindustries.com |
Quarterly Results
Here is a summary of Sarup Industries's quarterly results for the last three quarters:
| Metric | Dec 2023 | Mar 2024 | Jun 2024 |
|---|---|---|---|
| Sales (₹ Cr.) | 4.83 | 3.84 | 3.60 |
| Expenses (₹ Cr.) | 4.15 | 2.93 | 2.96 |
| Operating Profit | 0.68 | 0.91 | 0.64 |
| OPM (%) | 14.08% | 23.70% | 17.78% |
| Other Income (₹ Cr.) | 0.00 | 0.01 | 0.00 |
| Interest (₹ Cr.) | 0.45 | 0.52 | 0.46 |
| Depreciation (₹ Cr.) | 0.19 | 0.17 | 0.13 |
| Profit Before Tax | 0.04 | 0.23 | 0.05 |
| Tax (%) | 0.00% | 52.17% | 0.00% |
| Net Profit (₹ Cr.) | 0.04 | 0.11 | 0.05 |
| EPS (₹) | 0.12 | 0.34 | 0.15 |
About Sarup Industries
Sarup Industries, founded in 1951 and incorporated as a public company in 1979, is a prominent manufacturer of high-quality leather products and footwear based in Northern India. The company specializes in producing a wide range of leather goods, including uppers, soles, and complete shoes.
Over the years, Sarup Industries has built a strong reputation for its export-quality products and supplies to well-known international brands. The company is currently focused on expanding its business, including plans for a new shopping mall and a manufacturing unit in Kundli, Sonipat, Haryana.
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Sarup Industries Q1 Results - FAQs
1. What are Sarup Industries' net sales for Q1 2024?
Sarup Industries' net sales for Q1 2024 are ₹360.01 lakhs.
2. What was Sarup Industries' net profit for Q1 2024?
Sarup Industries' net profit for Q1 2024 is ₹5.18 lakhs.
3. How did Sarup Industries' total income from operations change in Q1 2024?
Sarup Industries' total income from operations decreased to ₹360.03 lakhs in Q1 2024.
4. What was the EPS for Sarup Industries in Q1 2024?
The EPS for Sarup Industries in Q1 2024 was ₹0.16.
5. What is the public shareholding percentage for Sarup Industries?
The public shareholding for Sarup Industries remains at 25.64%.
6. How much did Sarup Industries' finance cost decrease by in Q1 2024?
Sarup Industries' finance cost decreased to ₹46.18 lakhs in Q1 2024.
7. What is the total expense amount for Sarup Industries in Q1 2024?
The total expenses for Sarup Industries in Q1 2024 are ₹354.85 lakhs.
8. What was the cost of materials consumed by Sarup Industries in Q1 2024?
The cost of materials consumed by Sarup Industries in Q1 2024 was ₹146.47 lakhs.
9. How much did Sarup Industries' employee benefits expense increase by in Q1 2024?
Sarup Industries' employee benefits expense increased to ₹90.36 lakhs in Q1 2024.
10. What was the profit before tax for Sarup Industries in Q1 2024?
The profit before tax for Sarup Industries in Q1 2024 was ₹5.18 lakhs.