Share the post "GMM Pfaudler announced Financial Results Q1 2024"
Highlights
- The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company’s sales declined by -13.93 % over the year, substantial increase in net sales/revenue by 6 %.
- Income over the Year and quarter: There has been either a marginal increase or a decline in other income over the past year which is 15.4 %. Marginal decrease of -4.65% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for GMM Pfaudler Ltd.. Profit dropped by -56 % Year to Year, GMM Pfaudler Ltd.’s profitability dropped by -16.82 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -54.01 % Year to Year. EPS decreased by -18.79 % in previous quarter. Analysis needed for shareholder value.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 912.27 Cr | Rs. 740.73 Cr | Rs. 785.2 Cr | + 6 % | -13.93 % |
Expenses | Rs. 780.15 Cr | Rs. 649.98 Cr | Rs. 696.67 Cr | + 7.18 % | -10.7 % |
Operating Profit | Rs. 132.12 Cr | Rs. 90.75 Cr | Rs. 88.53 Cr | -2.45 % | -32.99 % |
OPM % | 14.48 % | 12.25 % | 11.27 % | -0.98 % | -3.21 % |
Other Income | Rs. 8.7 Cr | Rs. 10.53 Cr | Rs. 10.04 Cr | -4.65 % | + 15.4 % |
Interest | Rs. 20.31 Cr | Rs. 29.96 Cr | Rs. 25 Cr | -16.56 % | + 23.09 % |
Depreciation | Rs. 34.7 Cr | Rs. 35.73 Cr | Rs. 32.43 Cr | -9.24 % | -6.54 % |
Profit before tax | Rs. 85.81 Cr | Rs. 35.59 Cr | Rs. 41.14 Cr | + 15.59 % | -52.06 % |
Tax % | 36.76 % | 19.33 % | 41.95 % | + 22.62 % | + 5.19 % |
Net Profit | Rs. 54.27 Cr | Rs. 28.71 Cr | Rs. 23.88 Cr | -16.82 % | -56 % |
EPS in Rs | Rs. 12.22 | Rs. 6.92 | Rs. 5.62 | -18.79 % | -54.01 % |
Today, we’re looking at GMM Pfaudler Ltd.’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -13.93 %. However, it did see a marginal increase of 6 % from the previous quarter. Expenses ticked up slightly by 7.18 % quarter-on-quarter, aligning with the annual decline of -10.7 %. Operating profit, while down -32.99 % compared to last year, faced a quarter-on-quarter dip of -2.45 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -3.21 %, but a shrinkage of -0.98 % sequentially. Other income fell by -4.65 % compared to the last quarter, despite an annual growth of 15.4 %. Interest expenses dropped significantly by -16.56 % from the previous quarter, yet the year-over-year increase remains at a moderate 23.09 %. Depreciation costs fell by -9.24 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -6.54 %. Profit before tax declined annually by -52.06 % but saw an increase from the preceding quarter by 15.59 %.
Tax expenses as a percentage of profits increased slightly by 5.19 % compared to last year, with a more notable quarter-on-quarter increase of 22.62 %. Net profit fell by -56 % year-on-year but witnessed a -16.82 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -54.01 % but a quarterly fall of -18.79 %. In summary, GMM Pfaudler Ltd.’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 912.27 Cr | Rs. 740.73 Cr | Rs. 785.2 Cr | + 6 % | -13.93 % |
Expenses | Rs. 780.15 Cr | Rs. 649.98 Cr | Rs. 696.67 Cr | + 7.18 % | -10.7 % |
Operating Profit | Rs. 132.12 Cr | Rs. 90.75 Cr | Rs. 88.53 Cr | -2.45 % | -32.99 % |
Net Profit | Rs. 54.27 Cr | Rs. 28.71 Cr | Rs. 23.88 Cr | -16.82 % | -56 % |
EPS in Rs | Rs. 12.22 | Rs. 6.92 | Rs. 5.62 | -18.79 % | -54.01 % |
In reviewing GMM Pfaudler Ltd.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -13.93 % year-on-year, however, there was a minor increase of 6 % from the previous quarter. Expenses decreased by -10.7 % compared to the previous year, with a 7.18 % increase quarter-on-quarter. Operating Profit dropped by -32.99 % annually, and saw a -2.45 % decrease from the last quarter.
Net Profit showed yearly decrease of -56 %, and experienced a -16.82 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -54.01 % annually, however dipped by -18.79 % compared to the last quarter. In essence, while GMM Pfaudler Ltd. faces strong annual decline indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.