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Shilchar Technologies Q1 Results Net Profit of ₹2,397.99 Lakhs and Total Income of ₹11,037.64 Lakhs Reported

Shilchar Technologies Q1 Results for the 2024-2025 fiscal year have been announced, showing a total income of ₹11,037.64 lakhs and a net profit of ₹2,397.99 lakhs.

by P Nandhini

Updated Aug 13, 2024

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Shilchar Technologies Q1 Results Net Profit of ₹2,397.99 Lakhs and Total Income of ₹11,037.64 Lakhs Reported

Shilchar Technologies has recently released its financial results for the first quarter of the 2024-2025 fiscal year. The company, known for manufacturing a wide range of transformers including those for power and distribution, reported a total income of ₹11,037.64 lakhs for this quarter.

This is an increase from the ₹10,889.96 lakhs earned in the previous quarter, showing steady growth in their operations. The company's revenue from operations was ₹10,698.84 lakhs, with other income contributing an additional ₹338.80 lakhs.

In terms of expenses, Shilchar Technologies saw a rise to ₹7,826.92 lakhs this quarter compared to ₹7,479.18 lakhs in the previous quarter. However, the company's net profit for the June 2024 quarter stood at ₹2,397.99 lakhs, a small decrease from the ₹2,501.81 lakhs recorded in the March 2024 quarter.

This demonstrates the company's continued commitment to maintaining profitability while managing its costs effectively. Overall, Shilchar Technologies continues to perform well, reflecting its strong position in the transformer manufacturing industry.

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Shilchar Technologies Q1 Results 2024 - 2025

Shilchar Technologies has shared its financial results for the first quarter of the 2024-2025 fiscal year. The table below highlights key figures, comparing them to the previous quarter and the same period last year. These results provide insights into the company's performance and profitability.

Particulars June 2024 (₹ Lakhs) March 2024 (₹ Lakhs) June 2023 (₹ Lakhs)
Revenue from Operations 10,698.84 10,542.70 6,721.51
Other Income 338.80 347.26 257.30
Total Income 11,037.64 10,889.96 6,978.80
Expenses      
- Cost of Materials Consumed 6,668.69 7,270.82 4,456.08
- Changes in Inventories of Finished Goods and WIP 119.44 (751.53) (395.56)
- Employee Benefits Expense 388.71 402.91 305.97
- Finance Costs 8.17 5.64 5.78
- Depreciation and Amortization Expense 69.44 65.84 65.33
- Other Expenses 572.47 485.50 363.82
Total Expenses 7,826.92 7,479.18 4,801.42
Profit Before Tax 3,210.71 3,410.78 2,177.38
Tax Expense 812.72 908.97 539.33
- Current Tax 807.90 881.47 549.57
- Deferred Tax 4.82 27.50 (30.24)
Net Profit/(Loss) for the Period 2,397.99 2,501.81 1,638.06
Other Comprehensive Income (OCI) 1.79 1.46 1.90
Total Comprehensive Income 2,399.78 2,503.26 1,639.95
Earnings Per Share (EPS) - Basic & Diluted 31.44 32.80 42.96

Here is a summary of Shilchar Technologies's financial performance, focusing on the latest quarterly results, and comparing them to the previous quarter and the same quarter from the previous year:

Metric Q1 (June 2024) Q4 (March 2024) Q-o-Q Growth Q1 (June 2023) Y-o-Y Growth
Total Revenue (₹ Cr.) 106.99 105.43 +1.48% 67.22 +59.17%
Selling/General/Admin Expenses (₹ Cr.) 3.89 4.03 -3.52% 3.06 +27.04%
Depreciation/Amortization (₹ Cr.) 0.69 0.66 +5.47% 0.65 +6.29%
Total Operating Expense (₹ Cr.) 78.19 74.74 +4.62% 47.96 +63.04%
Operating Income (₹ Cr.) 28.80 30.69 -6.16% 19.26 +49.55%
Net Income Before Taxes (₹ Cr.) 32.11 34.11 -5.87% 21.77 +47.46%
Net Income (₹ Cr.) 23.98 25.02 -4.15% 16.38 +46.39%
Diluted Normalized EPS (₹) 31.44 32.80 -4.14% 21.48 +46.38%

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Shilchar Technologies Current Market Overview

Shilchar Technologies is currently valued at ₹6,198 per share, with a market capitalization of ₹4,727 crore. Over the past year, the stock has reached a high of ₹7,052 and a low of ₹1,181. The company has a Price-to-Earnings (P/E) ratio of 47.5, indicating investor confidence, and offers a small dividend yield of 0.19%.

Shilchar shows strong financial health with a Return on Capital Employed (ROCE) of 74.6% and a Return on Equity (ROE) of 55.5%, making it a solid performer in the market.

Metric Value
Current Price ₹6,198
Market Capitalization ₹4,727 crore
52-Week High/Low ₹7,052 / ₹1,181
Stock P/E Ratio 47.5
Book Value ₹275
Dividend Yield 0.19%
Return on Capital Employed (ROCE) 74.6%
Return on Equity (ROE) 55.5%
Face Value ₹10
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Quarterly Results

Below is a summary of Shilchar Technologies's quarterly results for the periods of December 2023, March 2024, and June 2024. These figures highlight the company's performance in terms of sales, expenses, and profitability during these quarters.

Metric December 2023 March 2024 June 2024
Sales (₹ Cr.) 118 105 107
Expenses (₹ Cr.) 86 74 78
Operating Profit (₹ Cr.) 32 31 29
Operating Profit Margin (%) 27% 30% 28%
Other Income (₹ Cr.) 3 3 3
Interest (₹ Cr.) 0 0 0
Depreciation (₹ Cr.) 1 1 1
Profit Before Tax (₹ Cr.) 35 34 32
Tax (%) 25% 27% 25%
Net Profit (₹ Cr.) 26 25 24
EPS (₹) 34.21 32.81 31.44
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About Shilchar Technologies

Shilchar Technologies is a leading Indian company specializing in the manufacturing of power and distribution transformers. Founded in 1990, the company started by producing R-core transformers and later expanded into Ferrite, Distribution, and Power Transformers.

With a state-of-the-art manufacturing facility commissioned in 2020, Shilchar can produce transformers up to 50 MVA, 132 KV Class, and has an annual capacity of 4000 MVA.

The company serves a wide range of industries, including the utility and renewable energy sectors, and generates over 40% of its revenue from international exports, making it a prominent player in the global market.

Shilchar Technologies Q1 Results - FAQs

1. What was Shilchar Technologies's total income for Q1 2024?  

The total income for Shilchar Technologies for Q1 2024 was ₹11,037.64 lakhs.

2. How did Shilchar Technologies's Q1 2024 income compare to Q4 2023?  

Shilchar Technologies's Q1 2024 income increased from ₹10,889.96 lakhs in Q4 2023.

3. What was the revenue from operations for Shilchar Technologies in June 2024?  

The revenue from operations for Shilchar Technologiesin June 2024 was ₹10,698.84 lakhs.

4. What other income did Shilchar Technologies report for Q1 2024?  

Shilchar Technologies reported other income of ₹338.80 lakhs for Q1 2024.

5. How much did Shilchar Technologies spend on expenses in Q1 2024?  

Shilchar Technologies spent ₹7,826.92 lakhs on expenses in Q1 2024.

6. What was Shilchar Technologies's net profit in June 2024?  

The net profit for Shilchar Technologies in June 2024 was ₹2,397.99 lakhs.

7. How does Shilchar Technologies's Q1 2024 net profit compare to Q4 2023?  

Shilchar Technologies's Q1 2024 net profit was slightly lower than ₹2,501.81 lakhs reported in Q4 2023.

8. What was the earnings per share (EPS) for Shilchar Technologies in June 2024?  

The earnings per share (EPS) for Shilchar Technologies in June 2024 were ₹31.44.

9. What were the total expenses for Shilchar Technologies in Q1 2024?  

The total expenses for Shilchar Technologies in Q1 2024 were ₹7,826.92 lakhs.

10. What is the tax expense for Shilchar Technologies in June 2024?  

The tax expense for Shilchar Technologies in June 2024 was ₹812.72 lakhs.

Disclaimer : The above information is for general informational purposes only. All information on the Site is provided in good faith, however we make no representation or warranty of any kind, express or implied, regarding the accuracy, adequacy, validity, reliability, availability or completeness of any information on the Site.

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