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Highlights
- The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company experienced a substantial growth of 5.34 % in the past year, decrease in net sales/revenue by -9.6 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -59.9 %, Marginal increase in other income during this quarter, up by 209.17%.
- Profit over the Year and quarter: Challenges in sustaining profitability for PPAP Automotive Limited. Profit dropped by -103.78 % Year to Year, PPAP Automotive Limited’s profitability dropped by -101.27 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -103.57 % Year to Year. EPS decreased by -101.2 % 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. 116.454 Cr | Rs. 135.701 Cr | Rs. 122.677 Cr | -9.6 % | + 5.34 % |
| Expenses | Rs. 110.19 Cr | Rs. 124.17 Cr | Rs. 110.87 Cr | -10.71 % | + 0.62 % |
| Operating Profit | Rs. 6.26 Cr | Rs. 11.53 Cr | Rs. 11.81 Cr | + 2.43 % | + 88.66 % |
| OPM % | 5.38 % | 8.5 % | 9.63 % | + 1.13 % | + 4.25 % |
| Other Income | Rs. 1.681 Cr | Rs. 0.218 Cr | Rs. 0.674 Cr | + 209.17 % | -59.9 % |
| Interest | Rs. 3.74 Cr | Rs. 3.89 Cr | Rs. 3.77 Cr | -3.08 % | + 0.8 % |
| Depreciation | Rs. 8.22 Cr | Rs. 8.59 Cr | Rs. 8.61 Cr | + 0.23 % | + 4.74 % |
| Profit before tax | Rs. -4.02 Cr | Rs. -0.73 Cr | Rs. 0.1 Cr | + 113.7 % | + 102.49 % |
| Tax % | -25.92 % | -983.51 % | 0 % | + 983.51 % | + 25.92 % |
| Net Profit | Rs. -2.75 Cr | Rs. -8.16 Cr | Rs. 0.1 Cr | + 101.23 % | + 103.64 % |
| EPS in Rs | Rs. -1.96 | Rs. -5.83 | Rs. 0.07 | + 101.2 % | + 103.57 % |
Today, we’re looking at PPAP Automotive Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 5.34 %. However, it did see a marginal slip of -9.6 % from the previous quarter. Expenses decreased slightly by -10.71 % quarter-on-quarter, aligning with the annual rise of 0.62 %. Operating profit, while up 88.66 % compared to last year, faced a quarter-on-quarter increase of 2.43 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 4.25 %, but an expansion of 1.13 % sequentially. Other income rose by 209.17 % compared to the last quarter, despite an annual decline of -59.9 %. Interest expenses dropped significantly by -3.08 % from the previous quarter, yet the year-over-year increase remains at a moderate 0.8 %. Depreciation costs climbed by 0.23 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 4.74 %. Profit before tax grew annually by 102.49 % but saw an increase from the preceding quarter by 113.7 %.
Tax expenses as a percentage of profits increased slightly by 25.92 % compared to last year, with a more notable quarter-on-quarter increase of 983.51 %. Net profit rose by 103.64 % year-on-year but experienced a 101.23 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 103.57 % but a quarterly rise of 101.2 %. In summary, PPAP Automotive 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. 116.454 Cr | Rs. 135.701 Cr | Rs. 122.677 Cr | -9.6 % | + 5.34 % |
| Expenses | Rs. 110.19 Cr | Rs. 124.17 Cr | Rs. 110.87 Cr | -10.71 % | + 0.62 % |
| Operating Profit | Rs. 6.26 Cr | Rs. 11.53 Cr | Rs. 11.81 Cr | + 2.43 % | + 88.66 % |
| Net Profit | Rs. -2.75 Cr | Rs. -8.16 Cr | Rs. 0.1 Cr | + 101.23 % | + 103.64 % |
| EPS in Rs | Rs. -1.96 | Rs. -5.83 | Rs. 0.07 | + 101.2 % | + 103.57 % |
In reviewing PPAP Automotive Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 5.34 % year-on-year growth, although there was a slight dip of -9.6 % from the previous quarter. Expenses rose by 0.62 % compared to the previous year, with a decrease of -10.71 % quarter-on-quarter. Operating Profit surged by 88.66 % annually, and saw a 2.43 % increase from the last quarter.
Net Profit showed yearly increase of 103.64 %, and experienced a 101.23 % increase from the previous quarter. Earnings Per Share (EPS) rose by 103.57 % annually, however rose by 101.2 % compared to the last quarter. In essence, while PPAP Automotive Limited exhibits strong annual growth indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.
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