Highlights
- Sales over the Year and quarter: The company’s sales declined by -0.16 % over the year, substantial increase in net sales/revenue by 6.31 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -20.23 %, Marginal decrease of -61.67% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Chembond Chemicals Ltd.. Profit dropped by -34.25 % Year to Year, Chembond Chemicals Ltd.’s profitability dropped by -50.34 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -34.17 % Year to Year. EPS decreased by -50.3 % 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. 122.026 Cr | Rs. 114.601 Cr | Rs. 121.828 Cr | + 6.31 % | -0.16 % |
Expenses | Rs. 108.8 Cr | Rs. 100.43 Cr | Rs. 110.15 Cr | + 9.68 % | + 1.24 % |
Operating Profit | Rs. 13.23 Cr | Rs. 14.17 Cr | Rs. 11.68 Cr | -17.57 % | -11.72 % |
OPM % | 10.84 % | 12.36 % | 9.59 % | -2.77 % | -1.25 % |
Other Income | Rs. 1.73 Cr | Rs. 3.6 Cr | Rs. 1.38 Cr | -61.67 % | -20.23 % |
Interest | Rs. 0.51 Cr | Rs. 0.33 Cr | Rs. 0.13 Cr | -60.61 % | -74.51 % |
Depreciation | Rs. 1.31 Cr | Rs. 1.38 Cr | Rs. 1.63 Cr | + 18.12 % | + 24.43 % |
Profit before tax | Rs. 13.14 Cr | Rs. 16.06 Cr | Rs. 11.3 Cr | -29.64 % | -14 % |
Tax % | 22.52 % | 16.01 % | 40.67 % | + 24.66 % | + 18.15 % |
Net Profit | Rs. 10.19 Cr | Rs. 13.49 Cr | Rs. 6.7 Cr | -50.33 % | -34.25 % |
EPS in Rs | Rs. 7.58 | Rs. 10.04 | Rs. 4.99 | -50.3 % | -34.17 % |
Today, we’re looking at Chembond Chemicals Ltd.’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -0.16 %. However, it did see a marginal increase of 6.31 % from the previous quarter. Expenses ticked up slightly by 9.68 % quarter-on-quarter, aligning with the annual rise of 1.24 %. Operating profit, while down -11.72 % compared to last year, faced a quarter-on-quarter dip of -17.57 %, 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 -1.25 %, but a shrinkage of -2.77 % sequentially. Other income fell by -61.67 % compared to the last quarter, despite an annual decline of -20.23 %. Interest expenses dropped significantly by -60.61 % from the previous quarter, yet the year-over-year decrease remains at a moderate -74.51 %. Depreciation costs climbed by 18.12 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 24.43 %. Profit before tax declined annually by -14 % but saw a reduction from the preceding quarter by -29.64 %.
Tax expenses as a percentage of profits increased slightly by 18.15 % compared to last year, with a more notable quarter-on-quarter increase of 24.66 %. Net profit fell by -34.25 % year-on-year but witnessed a -50.33 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -34.17 % but a quarterly fall of -50.3 %. In summary, Chembond Chemicals 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. 122.026 Cr | Rs. 114.601 Cr | Rs. 121.828 Cr | + 6.31 % | -0.16 % |
Expenses | Rs. 108.8 Cr | Rs. 100.43 Cr | Rs. 110.15 Cr | + 9.68 % | + 1.24 % |
Operating Profit | Rs. 13.23 Cr | Rs. 14.17 Cr | Rs. 11.68 Cr | -17.57 % | -11.72 % |
Net Profit | Rs. 10.19 Cr | Rs. 13.49 Cr | Rs. 6.7 Cr | -50.33 % | -34.25 % |
EPS in Rs | Rs. 7.58 | Rs. 10.04 | Rs. 4.99 | -50.3 % | -34.17 % |
In reviewing Chembond Chemicals Ltd.’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -0.16 % year-on-year, however, there was a minor increase of 6.31 % from the previous quarter. Expenses rose by 1.24 % compared to the previous year, with a 9.68 % increase quarter-on-quarter. Operating Profit dropped by -11.72 % annually, and saw a -17.57 % decrease from the last quarter.
Net Profit showed yearly decrease of -34.25 %, and experienced a -50.33 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -34.17 % annually, however dipped by -50.3 % compared to the last quarter. In essence, while Chembond Chemicals 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.