Share the post "Shree Pacetronix ‘s Q1 Results: Profit Drops by 57.47% YoY"
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 -17.18 % over the year, decrease in net sales/revenue by -27.01 %.
- 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 17.78 %. Marginal increase in other income during this quarter, up by 17.78%.
- Profit over the Year and quarter: Challenges in sustaining profitability for Shree Pacetronix Ltd. Profit dropped by -56.88 % Year to Year, Shree Pacetronix Ltd’s profitability dropped by -73.93 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -57.08 % Year to Year. EPS decreased by -74.12 % 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. 5.861 Cr | Rs. 6.65 Cr | Rs. 4.854 Cr | -27.01 % | -17.18 % |
Expenses | Rs. 4.49 Cr | Rs. 4.22 Cr | Rs. 4.07 Cr | -3.55 % | -9.35 % |
Operating Profit | Rs. 1.37 Cr | Rs. 2.43 Cr | Rs. 0.78 Cr | -67.9 % | -43.07 % |
OPM % | 23.37 % | 36.54 % | 16.07 % | -20.47 % | -7.3 % |
Other Income | Rs. 0.045 Cr | Rs. 0.045 Cr | Rs. 0.053 Cr | + 17.78 % | + 17.78 % |
Interest | Rs. 0.07 Cr | Rs. 0.09 Cr | Rs. 0.12 Cr | + 33.33 % | + 71.43 % |
Depreciation | Rs. 0.17 Cr | Rs. 0.36 Cr | Rs. 0.21 Cr | -41.67 % | + 23.53 % |
Profit before tax | Rs. 1.18 Cr | Rs. 2.03 Cr | Rs. 0.5 Cr | -75.37 % | -57.63 % |
Tax % | 26.88 % | 29.12 % | 26.14 % | -2.98 % | -0.74 % |
Net Profit | Rs. 0.87 Cr | Rs. 1.43 Cr | Rs. 0.37 Cr | -74.13 % | -57.47 % |
EPS in Rs | Rs. 2.4 | Rs. 3.98 | Rs. 1.03 | -74.12 % | -57.08 % |
Today, we’re looking at Shree Pacetronix 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 -17.18 %. However, it did see a marginal slip of -27.01 % from the previous quarter. Expenses decreased slightly by -3.55 % quarter-on-quarter, aligning with the annual decline of -9.35 %. Operating profit, while down -43.07 % compared to last year, faced a quarter-on-quarter dip of -67.9 %, 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 -7.3 %, but a shrinkage of -20.47 % sequentially. Other income rose by 17.78 % compared to the last quarter, despite an annual growth of 17.78 %. Interest expenses surged remarkably by 33.33 % from the previous quarter, yet the year-over-year increase remains at a moderate 71.43 %. Depreciation costs fell by -41.67 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 23.53 %. Profit before tax declined annually by -57.63 % but saw a reduction from the preceding quarter by -75.37 %.
Tax expenses as a percentage of profits decreased slightly by -0.74 % compared to last year, with a more notable quarter-on-quarter decrease of -2.98 %. Net profit fell by -57.47 % year-on-year but witnessed a -74.13 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -57.08 % but a quarterly fall of -74.12 %. In summary, Shree Pacetronix 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. 5.861 Cr | Rs. 6.65 Cr | Rs. 4.854 Cr | -27.01 % | -17.18 % |
Expenses | Rs. 4.49 Cr | Rs. 4.22 Cr | Rs. 4.07 Cr | -3.55 % | -9.35 % |
Operating Profit | Rs. 1.37 Cr | Rs. 2.43 Cr | Rs. 0.78 Cr | -67.9 % | -43.07 % |
Net Profit | Rs. 0.87 Cr | Rs. 1.43 Cr | Rs. 0.37 Cr | -74.13 % | -57.47 % |
EPS in Rs | Rs. 2.4 | Rs. 3.98 | Rs. 1.03 | -74.12 % | -57.08 % |
In reviewing Shree Pacetronix Ltd’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -17.18 % year-on-year, although there was a slight dip of -27.01 % from the previous quarter. Expenses decreased by -9.35 % compared to the previous year, with a decrease of -3.55 % quarter-on-quarter. Operating Profit dropped by -43.07 % annually, and saw a -67.9 % decrease from the last quarter.
Net Profit showed yearly decrease of -57.47 %, and experienced a -74.13 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -57.08 % annually, however dipped by -74.12 % compared to the last quarter. In essence, while Shree Pacetronix 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.