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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 0.82 % in the past year, decrease in net sales/revenue by -19.24 %.
- 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 101.9 %. Marginal increase in other income during this quarter, up by 16%.
- Profit over the Year and quarter: Significant improvement in profitability for Prima Plastics Ltd.. Notable increase of 9.94 % in net profit Year to Year, Prima Plastics Ltd.’s profitability dropped by -44.8 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 11.40 % Year to Year. EPS decreased by -44.75 % 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. 40.633 Cr | Rs. 50.727 Cr | Rs. 40.965 Cr | -19.24 % | + 0.82 % |
| Expenses | Rs. 34.69 Cr | Rs. 40.89 Cr | Rs. 36.2 Cr | -11.47 % | + 4.35 % |
| Operating Profit | Rs. 5.94 Cr | Rs. 9.84 Cr | Rs. 4.76 Cr | -51.63 % | -19.87 % |
| OPM % | 14.62 % | 19.4 % | 11.62 % | -7.78 % | -3 % |
| Other Income | Rs. 1.16 Cr | Rs. 2.019 Cr | Rs. 2.342 Cr | + 16 % | + 101.9 % |
| Interest | Rs. 0.93 Cr | Rs. 0.93 Cr | Rs. 0.85 Cr | -8.6 % | -8.6 % |
| Depreciation | Rs. 1.77 Cr | Rs. 1.63 Cr | Rs. 1.62 Cr | -0.61 % | -8.47 % |
| Profit before tax | Rs. 4.4 Cr | Rs. 9.3 Cr | Rs. 4.63 Cr | -50.22 % | + 5.23 % |
| Tax % | 22.81 % | 27.6 % | 26.14 % | -1.46 % | + 3.33 % |
| Net Profit | Rs. 3.65 Cr | Rs. 7.28 Cr | Rs. 4.02 Cr | -44.78 % | + 10.14 % |
| EPS in Rs | Rs. 3.07 | Rs. 6.19 | Rs. 3.42 | -44.75 % | + 11.4 % |
Today, we’re looking at Prima Plastics Ltd.’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 0.82 %. However, it did see a marginal slip of -19.24 % from the previous quarter. Expenses decreased slightly by -11.47 % quarter-on-quarter, aligning with the annual rise of 4.35 %. Operating profit, while down -19.87 % compared to last year, faced a quarter-on-quarter dip of -51.63 %, 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 %, but a shrinkage of -7.78 % sequentially. Other income rose by 16 % compared to the last quarter, despite an annual growth of 101.9 %. Interest expenses dropped significantly by -8.6 % from the previous quarter, yet the year-over-year decrease remains at a moderate -8.6 %. Depreciation costs fell by -0.61 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -8.47 %. Profit before tax grew annually by 5.23 % but saw a reduction from the preceding quarter by -50.22 %.
Tax expenses as a percentage of profits increased slightly by 3.33 % compared to last year, with a more notable quarter-on-quarter decrease of -1.46 %. Net profit rose by 10.14 % year-on-year but witnessed a -44.78 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 11.4 % but a quarterly fall of -44.75 %. In summary, Prima Plastics 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. 40.633 Cr | Rs. 50.727 Cr | Rs. 40.965 Cr | -19.24 % | + 0.82 % |
| Expenses | Rs. 34.69 Cr | Rs. 40.89 Cr | Rs. 36.2 Cr | -11.47 % | + 4.35 % |
| Operating Profit | Rs. 5.94 Cr | Rs. 9.84 Cr | Rs. 4.76 Cr | -51.63 % | -19.87 % |
| Net Profit | Rs. 3.65 Cr | Rs. 7.28 Cr | Rs. 4.02 Cr | -44.78 % | + 10.14 % |
| EPS in Rs | Rs. 3.07 | Rs. 6.19 | Rs. 3.42 | -44.75 % | + 11.4 % |
In reviewing Prima Plastics Ltd.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 0.82 % year-on-year growth, although there was a slight dip of -19.24 % from the previous quarter. Expenses rose by 4.35 % compared to the previous year, with a decrease of -11.47 % quarter-on-quarter. Operating Profit dropped by -19.87 % annually, and saw a -51.63 % decrease from the last quarter.
Net Profit showed yearly increase of 10.14 %, and experienced a -44.78 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 11.4 % annually, however dipped by -44.75 % compared to the last quarter. In essence, while Prima Plastics Ltd. 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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