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Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 41.92 % in the past year, decrease in net sales/revenue by -19.13 %.
- 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 100 %. Marginal increase in other income during this quarter, up by 71.43%.
- Profit over the Year and quarter: Significant improvement in profitability for Precision Electronics Ltd.,. Notable increase of 387.5 % in net profit Year to Year, Precision Electronics Ltd.,’s profitability increased by 0.65 % in this quarter.
- EPS over the Year and quarter: EPS increased by 386.96 % Year to Year. EPS increased by 0 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 9.71 Cr | Rs. 17.04 Cr | Rs. 13.78 Cr | -19.13 % | + 41.92 % |
| Expenses | Rs. 8.73 Cr | Rs. 14.83 Cr | Rs. 11.48 Cr | -22.59 % | + 31.5 % |
| Operating Profit | Rs. 0.98 Cr | Rs. 2.21 Cr | Rs. 2.3 Cr | + 4.07 % | + 134.69 % |
| OPM % | 10.09 % | 12.97 % | 16.69 % | + 3.72 % | + 6.6 % |
| Other Income | Rs. 0.06 Cr | Rs. 0.07 Cr | Rs. 0.12 Cr | + 71.43 % | + 100 % |
| Interest | Rs. 0.53 Cr | Rs. 0.59 Cr | Rs. 0.49 Cr | -16.95 % | -7.55 % |
| Depreciation | Rs. 0.1 Cr | Rs. 0.09 Cr | Rs. 0.22 Cr | + 144.44 % | + 120 % |
| Profit before tax | Rs. 0.41 Cr | Rs. 1.6 Cr | Rs. 1.71 Cr | + 6.87 % | + 317.07 % |
| Tax % | 21.95 % | 3.13 % | 8.77 % | + 5.64 % | -13.18 % |
| Net Profit | Rs. 0.32 Cr | Rs. 1.55 Cr | Rs. 1.56 Cr | + 0.65 % | + 387.5 % |
| EPS in Rs | Rs. 0.23 | Rs. 1.12 | Rs. 1.12 | + 0 % | + 386.96 % |
Today, we’re looking at Precision Electronics Ltd.,’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 41.92 %. However, it did see a marginal slip of -19.13 % from the previous quarter. Expenses decreased slightly by -22.59 % quarter-on-quarter, aligning with the annual rise of 31.5 %. Operating profit, while up 134.69 % compared to last year, faced a quarter-on-quarter increase of 4.07 %, 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 6.6 %, but an expansion of 3.72 % sequentially. Other income rose by 71.43 % compared to the last quarter, despite an annual growth of 100 %. Interest expenses dropped significantly by -16.95 % from the previous quarter, yet the year-over-year decrease remains at a moderate -7.55 %. Depreciation costs climbed by 144.44 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 120 %. Profit before tax grew annually by 317.07 % but saw an increase from the preceding quarter by 6.87 %.
Tax expenses as a percentage of profits decreased slightly by -13.18 % compared to last year, with a more notable quarter-on-quarter increase of 5.64 %. Net profit rose by 387.5 % year-on-year but experienced a 0.65 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 386.96 % but a quarterly rise of 0 %. In summary, Precision Electronics 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. 9.71 Cr | Rs. 17.04 Cr | Rs. 13.78 Cr | -19.13 % | + 41.92 % |
| Expenses | Rs. 8.73 Cr | Rs. 14.83 Cr | Rs. 11.48 Cr | -22.59 % | + 31.5 % |
| Operating Profit | Rs. 0.98 Cr | Rs. 2.21 Cr | Rs. 2.3 Cr | + 4.07 % | + 134.69 % |
| Net Profit | Rs. 0.32 Cr | Rs. 1.55 Cr | Rs. 1.56 Cr | + 0.65 % | + 387.5 % |
| EPS in Rs | Rs. 0.23 | Rs. 1.12 | Rs. 1.12 | + 0 % | + 386.96 % |
In reviewing Precision Electronics Ltd.,’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 41.92 % year-on-year growth, although there was a slight dip of -19.13 % from the previous quarter. Expenses rose by 31.5 % compared to the previous year, with a decrease of -22.59 % quarter-on-quarter. Operating Profit surged by 134.69 % annually, and saw a 4.07 % increase from the last quarter.
Net Profit showed yearly increase of 387.5 %, and experienced a 0.65 % increase from the previous quarter. Earnings Per Share (EPS) rose by 386.96 % annually, however rose by 0 % compared to the last quarter. In essence, while Precision Electronics 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.
