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Highlights
- The presented financial data is Standalone to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company’s sales declined by -3.53 % over the year, decrease in net sales/revenue by -0.02 %.
- 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 28.23 %. Marginal increase in other income during this quarter, up by 43.31%.
- Profit over the Year and quarter: Challenges in sustaining profitability for Pyramid Technoplast Limited. Profit dropped by -2.45 % Year to Year, Pyramid Technoplast Limited’s profitability increased by 3.74 % in this quarter.
- EPS over the Year and quarter: EPS declined by -17.60 % Year to Year. EPS increased by 7.29 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 138.517 Cr | Rs. 133.654 Cr | Rs. 133.625 Cr | -0.02 % | -3.53 % |
| Expenses | Rs. 126.9 Cr | Rs. 121.81 Cr | Rs. 122.33 Cr | + 0.43 % | -3.6 % |
| Operating Profit | Rs. 11.62 Cr | Rs. 11.84 Cr | Rs. 11.3 Cr | -4.56 % | -2.75 % |
| OPM % | 8.39 % | 8.86 % | 8.46 % | -0.4 % | + 0.07 % |
| Other Income | Rs. 0.96 Cr | Rs. 0.859 Cr | Rs. 1.231 Cr | + 43.31 % | + 28.23 % |
| Interest | Rs. 0.88 Cr | Rs. 0.42 Cr | Rs. 0.56 Cr | + 33.33 % | -36.36 % |
| Depreciation | Rs. 1.37 Cr | Rs. 1.8 Cr | Rs. 1.87 Cr | + 3.89 % | + 36.5 % |
| Profit before tax | Rs. 10.33 Cr | Rs. 10.48 Cr | Rs. 10.1 Cr | -3.63 % | -2.23 % |
| Tax % | 24.9 % | 30.43 % | 25.09 % | -5.34 % | + 0.19 % |
| Net Profit | Rs. 7.76 Cr | Rs. 7.29 Cr | Rs. 7.57 Cr | + 3.84 % | -2.45 % |
| EPS in Rs | Rs. 2.5 | Rs. 1.92 | Rs. 2.06 | + 7.29 % | -17.6 % |
Today, we’re looking at Pyramid Technoplast Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -3.53 %. However, it did see a marginal slip of -0.02 % from the previous quarter. Expenses ticked up slightly by 0.43 % quarter-on-quarter, aligning with the annual decline of -3.6 %. Operating profit, while down -2.75 % compared to last year, faced a quarter-on-quarter dip of -4.56 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 0.07 %, but a shrinkage of -0.4 % sequentially. Other income rose by 43.31 % compared to the last quarter, despite an annual growth of 28.23 %. Interest expenses surged remarkably by 33.33 % from the previous quarter, yet the year-over-year decrease remains at a moderate -36.36 %. Depreciation costs climbed by 3.89 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 36.5 %. Profit before tax declined annually by -2.23 % but saw a reduction from the preceding quarter by -3.63 %.
Tax expenses as a percentage of profits increased slightly by 0.19 % compared to last year, with a more notable quarter-on-quarter decrease of -5.34 %. Net profit fell by -2.45 % year-on-year but experienced a 3.84 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -17.6 % but a quarterly rise of 7.29 %. In summary, Pyramid Technoplast Limited’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. 138.517 Cr | Rs. 133.654 Cr | Rs. 133.625 Cr | -0.02 % | -3.53 % |
| Expenses | Rs. 126.9 Cr | Rs. 121.81 Cr | Rs. 122.33 Cr | + 0.43 % | -3.6 % |
| Operating Profit | Rs. 11.62 Cr | Rs. 11.84 Cr | Rs. 11.3 Cr | -4.56 % | -2.75 % |
| Net Profit | Rs. 7.76 Cr | Rs. 7.29 Cr | Rs. 7.57 Cr | + 3.84 % | -2.45 % |
| EPS in Rs | Rs. 2.5 | Rs. 1.92 | Rs. 2.06 | + 7.29 % | -17.6 % |
In reviewing Pyramid Technoplast Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -3.53 % year-on-year, although there was a slight dip of -0.02 % from the previous quarter. Expenses decreased by -3.6 % compared to the previous year, with a 0.43 % increase quarter-on-quarter. Operating Profit dropped by -2.75 % annually, and saw a -4.56 % decrease from the last quarter.
Net Profit showed yearly decrease of -2.45 %, and experienced a 3.84 % increase from the previous quarter. Earnings Per Share (EPS) fell by -17.6 % annually, however rose by 7.29 % compared to the last quarter. In essence, while Pyramid Technoplast Limited 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.
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