SSPDL Q1 Results Total Revenue ₹0.59 crores & Operating Expenses were ₹1.14 crores

SSPDL Q1 Results: The SSPDL Q1 results show significant changes in their financial performance. In the quarter ending June 2024 (Jun 24), the total revenue was ₹0.59 crores, which is a drop of 93.97% year-over-year (YoY) compared to ₹9.75 crores in June 2023 (Jun 23). This decline indicates that the company earned much less this year than last year. When we look at the previous quarter (QoQ), revenue also decreased by 23.03% from ₹5.68 crores in March 2023 (Mar 23).

SSPDL’s Total operating expenses for Jun 24 were ₹1.14 crores, down by 89.68% YoY from ₹11.07 crores in Jun 23. This means the company significantly reduced its costs compared to the previous year. However, the operating income remained negative at -₹0.55 crores, an improvement of 57.97% YoY from -₹1.32 crores in Jun 23.

SSPDL’s Net income before taxes was also negative at -₹1.04 crores for Jun 24, which is a loss of 11.19% YoY from -₹1.17 crores in Jun 23. Lastly, the diluted normalized earnings per share (EPS) stood at -₹0.81, which shows a 10.99% YoY improvement from -₹0.91 on Jun 23. Overall, the results reflect significant financial challenges for SSPDL in this quarter compared to the previous year.

Here are the Q1 results for SSPDL presented in a clear and simple format:

(All figures in crores except per share values)

Source: Here 

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SSPDL Q1 Results

The financial results of SSPDL Limited show how the company performed for the quarter and year ended March 31, 2024. The total revenue from operations was ₹58,876.76 thousand, while the company also earned ₹1,215.29 thousand from other sources, bringing the total revenue to ₹60,091.05 thousand. However, the company faced high expenses, totaling ₹150.70 thousand, which included costs for materials, employee salaries, and other operational expenses. The cost of materials consumed was significant at ₹77,371.00 thousand, and they also had expenses related to employee benefits and finance costs.

SSPDL reported a loss of ₹90.63 thousand before accounting for taxes and other exceptional items. This loss increased to ₹251.46 thousand after accounting for these items. The earnings per share (EPS) showed a basic and diluted loss of ₹0.70 and ₹1.94, respectively, indicating that shareholders did not gain any profit during this period. The paid-up equity share capital remained steady at ₹1,292.93 thousand, but the company has negative other equity of ₹1,339.43 thousand. Overall, the results highlight the financial challenges faced by SSPDL Limited, reflecting ongoing difficulties in generating profits and managing costs.

Here’s a structured summary of the financial results:

(₹ in Lakhs)

SSPDL Stock Metrics 

The SSPDL stock table shows important financial information about the company. The market cap is ₹ 29.3 crore, indicating the total value of all its shares. The current stock price is ₹ 22.7, which reflects what people are paying for the stock right now. The highest price in the past was ₹ 31.4, while the lowest was ₹ 13.0. The book value is ₹ 3.07, representing the company's net worth per share. The dividend yield is 0.00%, meaning the company does not pay dividends to shareholders. 

Here’s a summary of the stock information in a clear format:

Quarterly Results 

The SSPDL table shows the financial results of a company over three quarters: December 2023, March 2024, and June 2024. In December 2023, the company made sales of 2.18 crores and earned a net profit of 2.71 crores, which is a good sign. However, in March 2024, sales dropped to 0.76 crores, leading to a net loss of 2.52 crores. By June 2024, sales continued to decline to 0.59 crores, with a net loss of 1.04 crores. 

Here are the quarterly results for December 2023, March 2024, and June 2024, along with their particulars:

(Figures in Rs. Crores)

About SSPDL 

SSPDL, formerly known as Srinivasa Shipping and Property Development Limited, is an important infrastructure and real estate company in South India. It was founded in 1994 and is based in Hyderabad. SSPDL is listed on the Bombay Stock Exchange, making it a publicly traded company. The founder, Mr. Prakash Challa, is a well-known first-generation entrepreneur who has played a significant role in the company’s growth. SSPDL focuses on smart financial planning and management, which helps them take on projects with lower land costs and higher profits. 

SSPDL often works with Private Equity Funds through Special Purpose Vehicles (SPVs) to manage risks and protect investors' money. One of their notable projects is the Alpha City IT Park in Chennai, which received recognition at the CNBC-AWAAZ CRISIL Real Estate Awards 2008 for being an excellent commercial property. SSPDL aims to create spaces that not only meet the needs of customers but also harmonize with nature. Over the past 15 years, they have developed various types of properties, including IT parks, shopping malls, hotels, and residential communities, covering around 11 million square feet across South India, building a strong reputation in the construction industry.