Sobhagya Mercantile Q1 Results Total Income ₹24.51 Crores & Operating Profit ₹1.25 Crores

Sobhagya Mercantile Growth Overview 

Sobhagya Mercantile Q1 Results: Sobhagya Merchantile's financial results for the quarter ending June 2024 show several significant changes compared to the previous periods. The company's total revenue for this quarter was ₹24.51 crores, which is a decrease of 28.57% year-over-year (YoY) from ₹34.32 crores in June 2023. 

Sobhagya Mercantile means the company earned less revenue this quarter compared to the same time last year. When looking at the quarter-on-quarter (QoQ) comparison, the revenue fell from ₹44.79 crores in March 2023, but this is not directly comparable due to the lack of a previous quarter value for YoY.

Sobhagya Mercantile’s total operating expenses also decreased by 25.77% YoY, from ₹31.34 crores in June 2023 to ₹23.27 crores this quarter. This shows that despite the revenue drop, the company managed to reduce its operating costs. Operating income, which is the profit after covering operating expenses, dropped significantly by 58.12% YoY, from ₹2.97 crores in June 2023 to ₹1.25 crores this quarter.

Sobhagya Mercantile’s Net income, or the profit after all expenses, fell by 34.65% YoY, from ₹3.37 crores in June 2023 to ₹2.20 crores this quarter. The diluted normalized earnings per share (EPS) saw a drastic drop of 98.08% YoY, reflecting a significant decline in profitability per share compared to the previous year. Overall, these YoY changes highlight a challenging period for Sobhagya Merchantile.

Here's a summary of Sobhagya Merchantile's Q1 financial results for June 2024:

Source: Here 

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Sobhagya Mercantile Q1 Results

Here's a summary of the unaudited standalone financial results for Sobhagya Mercantile for the quarter ended June 30, 2024:

(Rs. In Lakhs) 

Sobhagya Mercantile Stock Performance

Sobhagya Mercantile has a market value of ₹62.7 Crores, and its stock is currently priced at ₹74.6. The highest price it has reached is ₹74.6, while the lowest was ₹7.88. The company's Price-to-Earnings (P/E) ratio is 6.04, which suggests that its stock is relatively inexpensive compared to its earnings. The book value per share is ₹56.2. It does not offer a dividend, so the dividend yield is 0.00%. 

Here’s the financial information in table format:

Quarterly Results 

For Sobhagya Mercantile, the financial performance in December 2023, March 2024, and June 2024 shows varied results. In December 2023, the company had sales of Rs. 27.43 crores and a net profit of Rs. 2.16 crores, with an operating profit margin (OPM) of 14.55%. By March 2024, sales increased to Rs. 32.76 crores, and the net profit rose to Rs. 3.94 crores, improving the OPM to 17.55%.

Here are the figures for December 2023, March 2024, and June 2024:

(Figures in Rs. Crores)

About Sobhagya Mercantile 

Sobhagya Mercantile is a leading company in the Indian infrastructure sector. They focus on big projects like construction, mining, and equipment leasing. Their work includes building and engineering infrastructure, which helps in the growth of various industries. Recently, SML has expanded into steel manufacturing with a new, modern plant. This move allows them to support important sectors of the economy and grow their business further.

Sobhagya Mercantile has seen impressive growth. This success is due to new management, strong leadership, and the use of advanced technology and top-quality machinery. They work with both private companies and government projects, handling a wide range of tasks. Their goal is to keep expanding into new areas and projects by using their expertise and well-established distribution network.

Sobhagya Mercantile is also committed to high standards of ethics and corporate governance. They focus on being responsible and sustainable in their operations, promoting equality and inclusion in everything they do. This dedication makes SML a key player in India’s development and a trusted partner in the infrastructure sector.