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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 -1.99 % over the year, substantial increase in net sales/revenue by 4.72 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -15.14 %, Marginal decrease of -21.03% in other income during this quarter.
- Profit over the Year and quarter: Significant improvement in profitability for DDEV PLASTIKS INDUSTRIES LIMITED. Notable increase of 12.27 % in net profit Year to Year, DDEV PLASTIKS INDUSTRIES LIMITED’s profitability dropped by -31 % Quarter to Quarter.
- EPS over the Year and quarter: EPS increased by 1.99 % Year to Year. EPS decreased by -31.09 % 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. 638.1 Cr | Rs. 597.263 Cr | Rs. 625.433 Cr | + 4.72 % | -1.99 % |
| Expenses | Rs. 584.16 Cr | Rs. 513.43 Cr | Rs. 567.01 Cr | + 10.44 % | -2.94 % |
| Operating Profit | Rs. 53.94 Cr | Rs. 83.83 Cr | Rs. 58.42 Cr | -30.31 % | + 8.31 % |
| OPM % | 8.45 % | 14.04 % | 9.34 % | -4.7 % | + 0.89 % |
| Other Income | Rs. 7.406 Cr | Rs. 7.959 Cr | Rs. 6.285 Cr | -21.03 % | -15.14 % |
| Interest | Rs. 7.3 Cr | Rs. 5.12 Cr | Rs. 4.49 Cr | -12.3 % | -38.49 % |
| Depreciation | Rs. 3.27 Cr | Rs. 4.39 Cr | Rs. 3.39 Cr | -22.78 % | + 3.67 % |
| Profit before tax | Rs. 50.78 Cr | Rs. 82.28 Cr | Rs. 56.83 Cr | -30.93 % | + 11.91 % |
| Tax % | 25.54 % | 25.23 % | 25.3 % | + 0.07 % | -0.24 % |
| Net Profit | Rs. 37.81 Cr | Rs. 61.53 Cr | Rs. 42.45 Cr | -31.01 % | + 12.27 % |
| EPS in Rs | Rs. 4.02 | Rs. 5.95 | Rs. 4.1 | -31.09 % | + 1.99 % |
Today, we’re looking at DDEV PLASTIKS INDUSTRIES 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 -1.99 %. However, it did see a marginal increase of 4.72 % from the previous quarter. Expenses ticked up slightly by 10.44 % quarter-on-quarter, aligning with the annual decline of -2.94 %. Operating profit, while up 8.31 % compared to last year, faced a quarter-on-quarter dip of -30.31 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 0.89 %, but a shrinkage of -4.7 % sequentially. Other income fell by -21.03 % compared to the last quarter, despite an annual decline of -15.14 %. Interest expenses dropped significantly by -12.3 % from the previous quarter, yet the year-over-year decrease remains at a moderate -38.49 %. Depreciation costs fell by -22.78 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 3.67 %. Profit before tax grew annually by 11.91 % but saw a reduction from the preceding quarter by -30.93 %.
Tax expenses as a percentage of profits decreased slightly by -0.24 % compared to last year, with a more notable quarter-on-quarter increase of 0.07 %. Net profit rose by 12.27 % year-on-year but witnessed a -31.01 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 1.99 % but a quarterly fall of -31.09 %. In summary, DDEV PLASTIKS INDUSTRIES 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. 638.1 Cr | Rs. 597.263 Cr | Rs. 625.433 Cr | + 4.72 % | -1.99 % |
| Expenses | Rs. 584.16 Cr | Rs. 513.43 Cr | Rs. 567.01 Cr | + 10.44 % | -2.94 % |
| Operating Profit | Rs. 53.94 Cr | Rs. 83.83 Cr | Rs. 58.42 Cr | -30.31 % | + 8.31 % |
| Net Profit | Rs. 37.81 Cr | Rs. 61.53 Cr | Rs. 42.45 Cr | -31.01 % | + 12.27 % |
| EPS in Rs | Rs. 4.02 | Rs. 5.95 | Rs. 4.1 | -31.09 % | + 1.99 % |
In reviewing DDEV PLASTIKS INDUSTRIES LIMITED’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -1.99 % year-on-year, however, there was a minor increase of 4.72 % from the previous quarter. Expenses decreased by -2.94 % compared to the previous year, with a 10.44 % increase quarter-on-quarter. Operating Profit surged by 8.31 % annually, and saw a -30.31 % decrease from the last quarter.
Net Profit showed yearly increase of 12.27 %, and experienced a -31.01 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 1.99 % annually, however dipped by -31.09 % compared to the last quarter. In essence, while DDEV PLASTIKS INDUSTRIES LIMITED exhibits strong annual growth indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.
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