Chemplast Sanmar announced Financial Results Q1 2024

The comprehensive analytics outlining the performance and outlook of Chemplast Sanmar Limited”s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

Today, we’re looking at Chemplast Sanmar Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 60.02 %. However, it did see a marginal increase of 8.49 % from the previous quarter. Expenses decreased slightly by -3.26 % quarter-on-quarter, aligning with the annual rise of 37.71 %. Operating profit, while up 286.1 % compared to last year, faced a quarter-on-quarter increase of 374.98 %, 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 14.9 %, but an expansion of 11.17 % sequentially. Other income fell by -17 % compared to the last quarter, despite an annual decline of -37.03 %. Interest expenses surged remarkably by 50.46 % from the previous quarter, yet the year-over-year increase remains at a moderate 307.28 %. Depreciation costs fell by -3.56 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 56.17 %. Profit before tax grew annually by 91.16 % but saw an increase from the preceding quarter by 93.45 %.
Tax expenses as a percentage of profits increased slightly by 6.95 % compared to last year, with a more notable quarter-on-quarter increase of 20.65 %. Net profit rose by 90.21 % year-on-year but experienced a 90.78 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 90.4 % but a quarterly rise of 90.96 %. In summary, Chemplast Sanmar Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.

In reviewing Chemplast Sanmar Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 60.02 % year-on-year growth, however, there was a minor increase of 8.49 % from the previous quarter. Expenses rose by 37.71 % compared to the previous year, with a decrease of -3.26 % quarter-on-quarter. Operating Profit surged by 286.1 % annually, and saw a 374.98 % increase from the last quarter.
Net Profit showed yearly increase of 90.21 %, and experienced a 90.78 % increase from the previous quarter. Earnings Per Share (EPS) rose by 90.4 % annually, however rose by 90.96 % compared to the last quarter. In essence, while Chemplast Sanmar 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.