Share the post "Chembond Chemicals : Q1 2024 Financial Quarterly Report : YoY Sales Down 3.71 %, QoQ Up 1.76 %"
Highlights
- The presented financial data is Standalone to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company’s sales declined by -3.71 % over the year, substantial increase in net sales/revenue by 1.76 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -20.72 %, Marginal decrease of -24.65% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Chembond Chemicals Ltd. Profit dropped by -32 % Year to Year, Chembond Chemicals Ltd’s profitability increased by 57.53 % in this quarter.
- EPS over the Year and quarter: EPS declined by -31.93 % Year to Year. EPS increased by 56.94 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 14.318 Cr | Rs. 13.548 Cr | Rs. 13.787 Cr | + 1.76 % | -3.71 % |
| Expenses | Rs. 14.26 Cr | Rs. 13.55 Cr | Rs. 13.32 Cr | -1.7 % | -6.59 % |
| Operating Profit | Rs. 0.06 Cr | Rs. -0 Cr | Rs. 0.47 Cr | 0 % | + 683.33 % |
| OPM % | 0.42 % | -0 % | 3.41 % | + 3.41 % | + 2.99 % |
| Other Income | Rs. 2.63 Cr | Rs. 2.767 Cr | Rs. 2.085 Cr | -24.65 % | -20.72 % |
| Interest | Rs. 0.02 Cr | Rs. 0.02 Cr | Rs. 0.02 Cr | + 0 % | + 0 % |
| Depreciation | Rs. 0.61 Cr | Rs. 0.59 Cr | Rs. 0.57 Cr | -3.39 % | -6.56 % |
| Profit before tax | Rs. 2.06 Cr | Rs. 2.16 Cr | Rs. 1.97 Cr | -8.8 % | -4.37 % |
| Tax % | 8.45 % | 55.42 % | 22.68 % | -32.74 % | + 14.23 % |
| Net Profit | Rs. 2.23 Cr | Rs. 0.96 Cr | Rs. 1.52 Cr | + 58.33 % | -31.84 % |
| EPS in Rs | Rs. 1.66 | Rs. 0.72 | Rs. 1.13 | + 56.94 % | -31.93 % |
Today, we’re looking at Chembond Chemicals 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 -3.71 %. However, it did see a marginal increase of 1.76 % from the previous quarter. Expenses decreased slightly by -1.7 % quarter-on-quarter, aligning with the annual decline of -6.59 %. Operating profit, while up 683.33 % compared to last year,
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 2.99 %, but an expansion of 3.41 % sequentially. Other income fell by -24.65 % compared to the last quarter, despite an annual decline of -20.72 %. Interest expenses surged remarkably by 0 % from the previous quarter, yet the year-over-year increase remains at a moderate 0 %. Depreciation costs fell by -3.39 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -6.56 %. Profit before tax declined annually by -4.37 % but saw a reduction from the preceding quarter by -8.8 %.
Tax expenses as a percentage of profits increased slightly by 14.23 % compared to last year, with a more notable quarter-on-quarter decrease of -32.74 %. Net profit fell by -31.84 % year-on-year but experienced a 58.33 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -31.93 % but a quarterly rise of 56.94 %. 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. 14.318 Cr | Rs. 13.548 Cr | Rs. 13.787 Cr | + 1.76 % | -3.71 % |
| Expenses | Rs. 14.26 Cr | Rs. 13.55 Cr | Rs. 13.32 Cr | -1.7 % | -6.59 % |
| Operating Profit | Rs. 0.06 Cr | Rs. -0 Cr | Rs. 0.47 Cr | 0 % | + 683.33 % |
| Net Profit | Rs. 2.23 Cr | Rs. 0.96 Cr | Rs. 1.52 Cr | + 58.33 % | -31.84 % |
| EPS in Rs | Rs. 1.66 | Rs. 0.72 | Rs. 1.13 | + 56.94 % | -31.93 % |
In reviewing Chembond Chemicals Ltd’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -3.71 % year-on-year, however, there was a minor increase of 1.76 % from the previous quarter. Expenses decreased by -6.59 % compared to the previous year, with a decrease of -1.7 % quarter-on-quarter. Operating Profit surged by 683.33 % annually,
Net Profit showed yearly decrease of -31.84 %, and experienced a 58.33 % increase from the previous quarter. Earnings Per Share (EPS) fell by -31.93 % annually, however rose by 56.94 % compared to the last quarter. In essence, while Chembond Chemicals Ltd faces strong annual decline 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.
