Stylam Industries Q1 Results Total Revenue ₹242.59 Crores & Operating Income ₹35.75 Crores

Stylam Industries Q1 Results: The Stylam Industries Q1 results for June 2024 show how the company performed compared to the previous quarter (QoQ) and the same quarter last year (YoY). Looking at the figures, Total Revenue increased by 1.13% quarter-on-quarter, reaching 242.59 crores, and it was up by 7.49% YoY from 225.68 crores a year ago. This means the company's revenue grew slightly from the last quarter and significantly from the same quarter last year. 

Stylam Industries’ Selling, General, and Admin Expenses also rose by 3.26% QoQ but were up by 4.16% YoY. Despite the rise in expenses, Operating Income fell by 11.07% QoQ, indicating a decrease in profit from operations compared to the last quarter. Year-over-year, it declined by 2.46%, showing a small drop from the same quarter last year. 

Stylam Industries’ Net Income Before Taxes increased by 3.81% YoY, but decreased by 7.80% QoQ. Similarly, Net Income grew by 2.09% YoY, but fell by 24.52% quarter-on-quarter. Lastly, the Diluted Normalized EPS decreased by 26.55% QoQ, though it saw a 2.07% increase YoY. Overall, the company showed mixed results, with some improvements YoY but declines in the short term.

Here are the Q1 results for Stylam Industries, comparing the fiscal period ending June 2024 with the previous quarter and the same quarter last year:

Source: Here 

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Stylam Industries Q1 Results

For the quarter ending June 30, 2024, Stylam Industries had total income from operations of ₹24,520.83 lakh. This includes ₹24,259.01 lakh from selling products and ₹261.82 lakh from other sources. Their total expenses for this period were ₹20,736.34 lakh. Major expenses included ₹12,921.57 lakh for materials, ₹1,937.71 lakh for employee salaries, and ₹611.88 lakh for depreciation. After deducting expenses, the company made a profit of ₹3,784.49 lakh before considering any exceptional items. With exceptional items included, the profit remained ₹3,784.49 lakh.

Stylam Industries’ total income was slightly lower at ₹24,119.63 lakh for the year ending March 31, 2024, and total expenses were ₹19,900.28 lakh. The profit before exceptional items was ₹4,219.34 lakh, but after including exceptional items of ₹114.14 lakh, the profit before tax was ₹4,333.48 lakh. 

Stylam Industries’ net profit after tax for the year was ₹3,756.45 lakh. The company’s earnings per share were ₹22.16 for the year and ₹16.72 for the quarter. This shows a strong financial performance with good profitability despite fluctuations in income and expenses.

Here’s a simplified summary of the financial results for the quarter ended June 30, 2024 (Un-Audited) and the year ended March 31, 2024 (Audited), presented in table format:

Stylam Industries Financial Metrics

Stylam Industries has a market capitalization of ₹3,564 Crores, meaning this is the total value of all its shares combined. The current stock price is ₹2,103, and it has ranged between ₹2,264 (high) and ₹1,407 (low) recently. The stock's Price-to-Earnings (P/E) ratio is 27.4, which compares its price to its earnings. The book value per share is ₹317, indicating the company's net asset value per share. The dividend yield is 0.12%, showing the return on investment from dividends. 

Here is the information presented in table format:

Quarterly Results 

For Stylam Industries, the financial data for December 2023, March 2024, and June 2024 shows a range of performance metrics. In December 2023, the company had sales of Rs. 215 crores and expenses of Rs. 167 crores, resulting in an operating profit of Rs. 48 crores with an operating profit margin (OPM) of 22%. By March 2024, sales increased to Rs. 240 crores, but expenses also rose to Rs. 192 crores. Operating profit remained steady at Rs. 48 crores, but the OPM dropped to 20%. In June 2024, sales further grew to Rs. 243 crores, yet expenses rose to Rs. 201 crores, leading to a decrease in operating profit to Rs. 42 crores and a reduced OPM of 17%. 

Here's the table with the data for December 2023, March 2024, and June 2024:

About Stylam Industries 

Stylam Industries is a company that began in 1991 with a goal to improve interior design. Originally named Golden Laminates, it started by making luxury decorative laminated sheets for homes and businesses. Over time, the company evolved and became known as Stylam Industries. Today, it offers a wide range of high-quality products for both interiors and exteriors. 

Stylam Industries products include laminates, PreLam boards, exterior cladding, and acrylic solid surfaces. Stylam Industries is recognized for its advanced designs and commitment to creating beautiful and durable materials for various applications.