Highlights
- Sales over the Year and quarter: The company’s sales declined by -24.65 % over the year, substantial increase in net sales/revenue by 12.48 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -75 %, Marginal increase in other income during this quarter, up by 0%.
- Profit over the Year and quarter: Challenges in sustaining profitability for Chemcon Speciality Chemicals Limited. Profit dropped by -72.27 % Year to Year, Chemcon Speciality Chemicals Limited’s profitability dropped by -34.66 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -72.38 % Year to Year. EPS decreased by -34.71 % 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. 79.083 Cr | Rs. 52.981 Cr | Rs. 59.591 Cr | + 12.48 % | -24.65 % |
| Expenses | Rs. 65.02 Cr | Rs. 46.64 Cr | Rs. 55.21 Cr | + 18.37 % | -15.09 % |
| Operating Profit | Rs. 14.06 Cr | Rs. 6.34 Cr | Rs. 4.38 Cr | -30.91 % | -68.85 % |
| OPM % | 17.78 % | 11.97 % | 7.35 % | -4.62 % | -10.43 % |
| Other Income | Rs. 13.36 Cr | Rs. 3.34 Cr | Rs. 3.34 Cr | + 0 % | -75 % |
| Interest | Rs. 0.49 Cr | Rs. 1.04 Cr | Rs. 1.05 Cr | + 0.96 % | + 114.29 % |
| Depreciation | Rs. 2.26 Cr | Rs. 2.58 Cr | Rs. 2.52 Cr | -2.33 % | + 11.5 % |
| Profit before tax | Rs. 24.67 Cr | Rs. 6.06 Cr | Rs. 4.15 Cr | -31.52 % | -83.18 % |
| Tax % | 26.3 % | 26.69 % | 30.13 % | + 3.44 % | + 3.83 % |
| Net Profit | Rs. 10.47 Cr | Rs. 4.44 Cr | Rs. 2.9 Cr | -34.68 % | -72.3 % |
| EPS in Rs | Rs. 2.86 | Rs. 1.21 | Rs. 0.79 | -34.71 % | -72.38 % |
Today, we’re looking at Chemcon Speciality Chemicals Limited’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -24.65 %. However, it did see a marginal increase of 12.48 % from the previous quarter. Expenses ticked up slightly by 18.37 % quarter-on-quarter, aligning with the annual decline of -15.09 %. Operating profit, while down -68.85 % compared to last year, faced a quarter-on-quarter dip of -30.91 %, 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 -10.43 %, but a shrinkage of -4.62 % sequentially. Other income rose by 0 % compared to the last quarter, despite an annual decline of -75 %. Interest expenses surged remarkably by 0.96 % from the previous quarter, yet the year-over-year increase remains at a moderate 114.29 %. Depreciation costs fell by -2.33 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 11.5 %. Profit before tax declined annually by -83.18 % but saw a reduction from the preceding quarter by -31.52 %.
Tax expenses as a percentage of profits increased slightly by 3.83 % compared to last year, with a more notable quarter-on-quarter increase of 3.44 %. Net profit fell by -72.3 % year-on-year but witnessed a -34.68 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -72.38 % but a quarterly fall of -34.71 %. 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. 79.083 Cr | Rs. 52.981 Cr | Rs. 59.591 Cr | + 12.48 % | -24.65 % |
| Expenses | Rs. 65.02 Cr | Rs. 46.64 Cr | Rs. 55.21 Cr | + 18.37 % | -15.09 % |
| Operating Profit | Rs. 14.06 Cr | Rs. 6.34 Cr | Rs. 4.38 Cr | -30.91 % | -68.85 % |
| Net Profit | Rs. 10.47 Cr | Rs. 4.44 Cr | Rs. 2.9 Cr | -34.68 % | -72.3 % |
| EPS in Rs | Rs. 2.86 | Rs. 1.21 | Rs. 0.79 | -34.71 % | -72.38 % |
In reviewing Chemcon Speciality Chemicals Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -24.65 % year-on-year, however, there was a minor increase of 12.48 % from the previous quarter. Expenses decreased by -15.09 % compared to the previous year, with a 18.37 % increase quarter-on-quarter. Operating Profit dropped by -68.85 % annually, and saw a -30.91 % decrease from the last quarter.
Net Profit showed yearly decrease of -72.3 %, and experienced a -34.68 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -72.38 % annually, however dipped by -34.71 % compared to the last quarter. In essence, while Chemcon Speciality Chemicals Limited 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.
