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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 -42.62 % over the year, decrease in net sales/revenue by -23.61 %.
- 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 4.96 %. Marginal increase in other income during this quarter, up by 12.79%.
- Profit over the Year and quarter: Challenges in sustaining profitability for Chemcon Speciality Chemicals Limited. Profit dropped by -9.12 % Year to Year, Chemcon Speciality Chemicals Limited’s profitability increased by 84.95 % in this quarter.
- EPS over the Year and quarter: EPS declined by -8.70 % Year to Year. EPS increased by 86.08 % in previous quarter. Positive impact on shareholders.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 79.327 Cr | Rs. 59.591 Cr | Rs. 45.521 Cr | -23.61 % | -42.62 % |
Expenses | Rs. 71.61 Cr | Rs. 55.21 Cr | Rs. 38.4 Cr | -30.45 % | -46.38 % |
Operating Profit | Rs. 7.72 Cr | Rs. 4.38 Cr | Rs. 7.12 Cr | + 62.56 % | -7.77 % |
OPM % | 9.73 % | 7.35 % | 15.64 % | + 8.29 % | + 5.91 % |
Other Income | Rs. 3.587 Cr | Rs. 3.338 Cr | Rs. 3.765 Cr | + 12.79 % | + 4.96 % |
Interest | Rs. 0.68 Cr | Rs. 1.05 Cr | Rs. 0.99 Cr | -5.71 % | + 45.59 % |
Depreciation | Rs. 2.62 Cr | Rs. 2.52 Cr | Rs. 2.53 Cr | + 0.4 % | -3.44 % |
Profit before tax | Rs. 8.01 Cr | Rs. 4.15 Cr | Rs. 7.37 Cr | + 77.59 % | -7.99 % |
Tax % | 26.17 % | 30.13 % | 27.11 % | -3.02 % | + 0.94 % |
Net Profit | Rs. 5.91 Cr | Rs. 2.9 Cr | Rs. 5.37 Cr | + 85.17 % | -9.14 % |
EPS in Rs | Rs. 1.61 | Rs. 0.79 | Rs. 1.47 | + 86.08 % | -8.7 % |
Today, we’re looking at Chemcon Speciality Chemicals 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 -42.62 %. However, it did see a marginal slip of -23.61 % from the previous quarter. Expenses decreased slightly by -30.45 % quarter-on-quarter, aligning with the annual decline of -46.38 %. Operating profit, while down -7.77 % compared to last year, faced a quarter-on-quarter increase of 62.56 %, 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 5.91 %, but an expansion of 8.29 % sequentially. Other income rose by 12.79 % compared to the last quarter, despite an annual growth of 4.96 %. Interest expenses dropped significantly by -5.71 % from the previous quarter, yet the year-over-year increase remains at a moderate 45.59 %. Depreciation costs climbed by 0.4 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -3.44 %. Profit before tax declined annually by -7.99 % but saw an increase from the preceding quarter by 77.59 %.
Tax expenses as a percentage of profits increased slightly by 0.94 % compared to last year, with a more notable quarter-on-quarter decrease of -3.02 %. Net profit fell by -9.14 % year-on-year but experienced a 85.17 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -8.7 % but a quarterly rise of 86.08 %. In summary, Chemcon Speciality Chemicals 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. 79.327 Cr | Rs. 59.591 Cr | Rs. 45.521 Cr | -23.61 % | -42.62 % |
Expenses | Rs. 71.61 Cr | Rs. 55.21 Cr | Rs. 38.4 Cr | -30.45 % | -46.38 % |
Operating Profit | Rs. 7.72 Cr | Rs. 4.38 Cr | Rs. 7.12 Cr | + 62.56 % | -7.77 % |
Net Profit | Rs. 5.91 Cr | Rs. 2.9 Cr | Rs. 5.37 Cr | + 85.17 % | -9.14 % |
EPS in Rs | Rs. 1.61 | Rs. 0.79 | Rs. 1.47 | + 86.08 % | -8.7 % |
In reviewing Chemcon Speciality Chemicals Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -42.62 % year-on-year, although there was a slight dip of -23.61 % from the previous quarter. Expenses decreased by -46.38 % compared to the previous year, with a decrease of -30.45 % quarter-on-quarter. Operating Profit dropped by -7.77 % annually, and saw a 62.56 % increase from the last quarter.
Net Profit showed yearly decrease of -9.14 %, and experienced a 85.17 % increase from the previous quarter. Earnings Per Share (EPS) fell by -8.7 % annually, however rose by 86.08 % compared to the last quarter. In essence, while Chemcon Speciality Chemicals Limited 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.
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