Share the post "CDG PETCHEM ‘s Q1 Update: Profit Falls by 1700% Year-on-Year"
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 -39.9 % over the year, decrease in net sales/revenue by -13.22 %.
- 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 3.57 %. Marginal increase in other income during this quarter, up by 2033.33%.
- Profit over the Year and quarter: Challenges in sustaining profitability for CDG PETCHEM LIMITED. Profit dropped by -2036 % Year to Year, CDG PETCHEM LIMITED’s profitability increased by 102.51 % in this quarter.
- EPS over the Year and quarter: EPS declined by -2,062.50 % Year to Year. EPS increased by 101.28 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 10.59 Cr | Rs. 7.335 Cr | Rs. 6.365 Cr | -13.22 % | -39.9 % |
| Expenses | Rs. 10.29 Cr | Rs. 7.22 Cr | Rs. 6.57 Cr | -9 % | -36.15 % |
| Operating Profit | Rs. 0.3 Cr | Rs. 0.11 Cr | Rs. -0.21 Cr | -290.91 % | -170 % |
| OPM % | 2.83 % | 1.5 % | -3.3 % | -4.8 % | -6.13 % |
| Other Income | Rs. 0.056 Cr | Rs. -0.003 Cr | Rs. 0.058 Cr | + 2033.33 % | + 3.57 % |
| Interest | Rs. 0.27 Cr | Rs. 0.5 Cr | Rs. 0.26 Cr | -48 % | -3.7 % |
| Depreciation | Rs. 0.06 Cr | Rs. 0.07 Cr | Rs. 0.05 Cr | -28.57 % | -16.67 % |
| Profit before tax | Rs. 0.03 Cr | Rs. -0.46 Cr | Rs. -0.46 Cr | + 0 % | -1633.33 % |
| Tax % | 3.57 % | -47.12 % | -6.59 % | + 40.53 % | -10.16 % |
| Net Profit | Rs. 0.03 Cr | Rs. -0.24 Cr | Rs. -0.48 Cr | -100 % | -1700 % |
| EPS in Rs | Rs. 0.08 | Rs. -0.78 | Rs. -1.57 | -101.28 % | -2062.5 % |
Today, we’re looking at CDG PETCHEM 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 -39.9 %. However, it did see a marginal slip of -13.22 % from the previous quarter. Expenses decreased slightly by -9 % quarter-on-quarter, aligning with the annual decline of -36.15 %. Operating profit, while down -170 % compared to last year, faced a quarter-on-quarter dip of -290.91 %, 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 -6.13 %, but a shrinkage of -4.8 % sequentially. Other income rose by 2033.33 % compared to the last quarter, despite an annual growth of 3.57 %. Interest expenses dropped significantly by -48 % from the previous quarter, yet the year-over-year decrease remains at a moderate -3.7 %. Depreciation costs fell by -28.57 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -16.67 %. Profit before tax declined annually by -1633.33 % but saw an increase from the preceding quarter by 0 %.
Tax expenses as a percentage of profits decreased slightly by -10.16 % compared to last year, with a more notable quarter-on-quarter increase of 40.53 %. Net profit fell by -1700 % year-on-year but witnessed a -100 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -2062.5 % but a quarterly fall of -101.28 %. In summary, CDG PETCHEM 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. 10.59 Cr | Rs. 7.335 Cr | Rs. 6.365 Cr | -13.22 % | -39.9 % |
| Expenses | Rs. 10.29 Cr | Rs. 7.22 Cr | Rs. 6.57 Cr | -9 % | -36.15 % |
| Operating Profit | Rs. 0.3 Cr | Rs. 0.11 Cr | Rs. -0.21 Cr | -290.91 % | -170 % |
| Net Profit | Rs. 0.03 Cr | Rs. -0.24 Cr | Rs. -0.48 Cr | -100 % | -1700 % |
| EPS in Rs | Rs. 0.08 | Rs. -0.78 | Rs. -1.57 | -101.28 % | -2062.5 % |
In reviewing CDG PETCHEM LIMITED’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -39.9 % year-on-year, although there was a slight dip of -13.22 % from the previous quarter. Expenses decreased by -36.15 % compared to the previous year, with a decrease of -9 % quarter-on-quarter. Operating Profit dropped by -170 % annually, and saw a -290.91 % decrease from the last quarter.
Net Profit showed yearly decrease of -1700 %, and experienced a -100 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -2062.5 % annually, however dipped by -101.28 % compared to the last quarter. In essence, while CDG PETCHEM 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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