Highlights
- Sales over the Year and quarter: The company’s sales declined by -10.49 % over the year, substantial increase in net sales/revenue by 7.9 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -10.66 %, Marginal increase in other income during this quarter, up by 179.3%.
- Profit over the Year and quarter: Significant improvement in profitability for DDEV PLASTIKS INDUSTRIES LIMITED. Notable increase of 27.42 % in net profit Year to Year, DDEV PLASTIKS INDUSTRIES LIMITED’s profitability increased by 53.55 % in this quarter.
- EPS over the Year and quarter: EPS increased by 15.98 % Year to Year. EPS increased by 53.75 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 667.228 Cr | Rs. 553.539 Cr | Rs. 597.263 Cr | + 7.9 % | -10.49 % |
| Expenses | Rs. 600.7 Cr | Rs. 493.41 Cr | Rs. 513.43 Cr | + 4.06 % | -14.53 % |
| Operating Profit | Rs. 66.53 Cr | Rs. 60.13 Cr | Rs. 83.83 Cr | + 39.41 % | + 26 % |
| OPM % | 9.97 % | 10.86 % | 14.04 % | + 3.18 % | + 4.07 % |
| Other Income | Rs. 8.91 Cr | Rs. 2.85 Cr | Rs. 7.96 Cr | + 179.3 % | -10.66 % |
| Interest | Rs. 7.82 Cr | Rs. 4.72 Cr | Rs. 5.12 Cr | + 8.47 % | -34.53 % |
| Depreciation | Rs. 3.15 Cr | Rs. 3.32 Cr | Rs. 4.39 Cr | + 32.23 % | + 39.37 % |
| Profit before tax | Rs. 64.47 Cr | Rs. 54.94 Cr | Rs. 82.28 Cr | + 49.76 % | + 27.63 % |
| Tax % | 25.1 % | 27.06 % | 25.23 % | -1.83 % | + 0.13 % |
| Net Profit | Rs. 48.29 Cr | Rs. 40.07 Cr | Rs. 61.53 Cr | + 53.56 % | + 27.42 % |
| EPS in Rs | Rs. 5.13 | Rs. 3.87 | Rs. 5.95 | + 53.75 % | + 15.98 % |
Today, we’re looking at DDEV PLASTIKS INDUSTRIES 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 -10.49 %. However, it did see a marginal increase of 7.9 % from the previous quarter. Expenses ticked up slightly by 4.06 % quarter-on-quarter, aligning with the annual decline of -14.53 %. Operating profit, while up 26 % compared to last year, faced a quarter-on-quarter increase of 39.41 %, 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 4.07 %, but an expansion of 3.18 % sequentially. Other income rose by 179.3 % compared to the last quarter, despite an annual decline of -10.66 %. Interest expenses surged remarkably by 8.47 % from the previous quarter, yet the year-over-year decrease remains at a moderate -34.53 %. Depreciation costs climbed by 32.23 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 39.37 %. Profit before tax grew annually by 27.63 % but saw an increase from the preceding quarter by 49.76 %.
Tax expenses as a percentage of profits increased slightly by 0.13 % compared to last year, with a more notable quarter-on-quarter decrease of -1.83 %. Net profit rose by 27.42 % year-on-year but experienced a 53.56 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 15.98 % but a quarterly rise of 53.75 %. 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. 667.228 Cr | Rs. 553.539 Cr | Rs. 597.263 Cr | + 7.9 % | -10.49 % |
| Expenses | Rs. 600.7 Cr | Rs. 493.41 Cr | Rs. 513.43 Cr | + 4.06 % | -14.53 % |
| Operating Profit | Rs. 66.53 Cr | Rs. 60.13 Cr | Rs. 83.83 Cr | + 39.41 % | + 26 % |
| Net Profit | Rs. 48.29 Cr | Rs. 40.07 Cr | Rs. 61.53 Cr | + 53.56 % | + 27.42 % |
| EPS in Rs | Rs. 5.13 | Rs. 3.87 | Rs. 5.95 | + 53.75 % | + 15.98 % |
In reviewing DDEV PLASTIKS INDUSTRIES LIMITED’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -10.49 % year-on-year, however, there was a minor increase of 7.9 % from the previous quarter. Expenses decreased by -14.53 % compared to the previous year, with a 4.06 % increase quarter-on-quarter. Operating Profit surged by 26 % annually, and saw a 39.41 % increase from the last quarter.
Net Profit showed yearly increase of 27.42 %, and experienced a 53.56 % increase from the previous quarter. Earnings Per Share (EPS) rose by 15.98 % annually, however rose by 53.75 % compared to the last quarter. In essence, while DDEV PLASTIKS INDUSTRIES 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.
