Share the post "DMCC SPECIALITY CHEMICALS announced Financial Results Q1 2024-25"
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 -0.32 % over the year, substantial increase in net sales/revenue by 1.62 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -77.68 %, Marginal decrease of -97.78% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for DMCC SPECIALITY CHEMICALS LIMITED. Profit dropped by -56.31 % Year to Year, DMCC SPECIALITY CHEMICALS LIMITED’s profitability dropped by -76.27 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -56.35 % Year to Year. EPS decreased by -76.19 % 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. 85.591 Cr | Rs. 83.959 Cr | Rs. 85.318 Cr | + 1.62 % | -0.32 % |
Expenses | Rs. 74.65 Cr | Rs. 76.56 Cr | Rs. 76.48 Cr | -0.1 % | + 2.45 % |
Operating Profit | Rs. 10.94 Cr | Rs. 7.4 Cr | Rs. 8.84 Cr | + 19.46 % | -19.2 % |
OPM % | 12.78 % | 8.81 % | 10.36 % | + 1.55 % | -2.42 % |
Other Income | Rs. 0.923 Cr | Rs. 9.29 Cr | Rs. 0.206 Cr | -97.78 % | -77.68 % |
Interest | Rs. 3.47 Cr | Rs. 3.85 Cr | Rs. 3.01 Cr | -21.82 % | -13.26 % |
Depreciation | Rs. 3.56 Cr | Rs. 4.33 Cr | Rs. 4.17 Cr | -3.7 % | + 17.13 % |
Profit before tax | Rs. 4.83 Cr | Rs. 8.51 Cr | Rs. 1.87 Cr | -78.03 % | -61.28 % |
Tax % | 35.05 % | 32.18 % | 26.58 % | -5.6 % | -8.47 % |
Net Profit | Rs. 3.14 Cr | Rs. 5.77 Cr | Rs. 1.37 Cr | -76.26 % | -56.37 % |
EPS in Rs | Rs. 1.26 | Rs. 2.31 | Rs. 0.55 | -76.19 % | -56.35 % |
Today, we’re looking at DMCC SPECIALITY CHEMICALS 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 -0.32 %. However, it did see a marginal increase of 1.62 % from the previous quarter. Expenses decreased slightly by -0.1 % quarter-on-quarter, aligning with the annual rise of 2.45 %. Operating profit, while down -19.2 % compared to last year, faced a quarter-on-quarter increase of 19.46 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -2.42 %, but an expansion of 1.55 % sequentially. Other income fell by -97.78 % compared to the last quarter, despite an annual decline of -77.68 %. Interest expenses dropped significantly by -21.82 % from the previous quarter, yet the year-over-year decrease remains at a moderate -13.26 %. Depreciation costs fell by -3.7 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 17.13 %. Profit before tax declined annually by -61.28 % but saw a reduction from the preceding quarter by -78.03 %.
Tax expenses as a percentage of profits decreased slightly by -8.47 % compared to last year, with a more notable quarter-on-quarter decrease of -5.6 %. Net profit fell by -56.37 % year-on-year but witnessed a -76.26 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -56.35 % but a quarterly fall of -76.19 %. In summary, DMCC SPECIALITY CHEMICALS 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. 85.591 Cr | Rs. 83.959 Cr | Rs. 85.318 Cr | + 1.62 % | -0.32 % |
Expenses | Rs. 74.65 Cr | Rs. 76.56 Cr | Rs. 76.48 Cr | -0.1 % | + 2.45 % |
Operating Profit | Rs. 10.94 Cr | Rs. 7.4 Cr | Rs. 8.84 Cr | + 19.46 % | -19.2 % |
Net Profit | Rs. 3.14 Cr | Rs. 5.77 Cr | Rs. 1.37 Cr | -76.26 % | -56.37 % |
EPS in Rs | Rs. 1.26 | Rs. 2.31 | Rs. 0.55 | -76.19 % | -56.35 % |
In reviewing DMCC SPECIALITY CHEMICALS LIMITED’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -0.32 % year-on-year, however, there was a minor increase of 1.62 % from the previous quarter. Expenses rose by 2.45 % compared to the previous year, with a decrease of -0.1 % quarter-on-quarter. Operating Profit dropped by -19.2 % annually, and saw a 19.46 % increase from the last quarter.
Net Profit showed yearly decrease of -56.37 %, and experienced a -76.26 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -56.35 % annually, however dipped by -76.19 % compared to the last quarter. In essence, while DMCC SPECIALITY CHEMICALS LIMITED faces strong annual decline 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.