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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 -2.88 % over the year, substantial increase in net sales/revenue by 3.52 %.
- 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 2400 %. Marginal decrease of -45.38% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for Denis Chem Lab Limited. Profit dropped by -22.57 % Year to Year, Denis Chem Lab Limited’s profitability dropped by -23.93 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -22.28 % Year to Year. EPS decreased by -23.86 % 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. 42.479 Cr | Rs. 39.855 Cr | Rs. 41.257 Cr | + 3.52 % | -2.88 % |
| Expenses | Rs. 37.45 Cr | Rs. 34.77 Cr | Rs. 36.91 Cr | + 6.15 % | -1.44 % |
| Operating Profit | Rs. 5.03 Cr | Rs. 5.09 Cr | Rs. 4.35 Cr | -14.54 % | -13.52 % |
| OPM % | 11.84 % | 12.77 % | 10.54 % | -2.23 % | -1.3 % |
| Other Income | Rs. 0.013 Cr | Rs. 0.595 Cr | Rs. 0.325 Cr | -45.38 % | + 2400 % |
| Interest | Rs. 0.09 Cr | Rs. 0.24 Cr | Rs. 0.12 Cr | -50 % | + 33.33 % |
| Depreciation | Rs. 1.59 Cr | Rs. 1.75 Cr | Rs. 1.63 Cr | -6.86 % | + 2.52 % |
| Profit before tax | Rs. 3.36 Cr | Rs. 3.7 Cr | Rs. 2.93 Cr | -20.81 % | -12.8 % |
| Tax % | 20.09 % | 26.02 % | 28.93 % | + 2.91 % | + 8.84 % |
| Net Profit | Rs. 2.68 Cr | Rs. 2.73 Cr | Rs. 2.08 Cr | -23.81 % | -22.39 % |
| EPS in Rs | Rs. 1.93 | Rs. 1.97 | Rs. 1.5 | -23.86 % | -22.28 % |
Today, we’re looking at Denis Chem Lab 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 -2.88 %. However, it did see a marginal increase of 3.52 % from the previous quarter. Expenses ticked up slightly by 6.15 % quarter-on-quarter, aligning with the annual decline of -1.44 %. Operating profit, while down -13.52 % compared to last year, faced a quarter-on-quarter dip of -14.54 %, 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 -1.3 %, but a shrinkage of -2.23 % sequentially. Other income fell by -45.38 % compared to the last quarter, despite an annual growth of 2400 %. Interest expenses dropped significantly by -50 % from the previous quarter, yet the year-over-year increase remains at a moderate 33.33 %. Depreciation costs fell by -6.86 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 2.52 %. Profit before tax declined annually by -12.8 % but saw a reduction from the preceding quarter by -20.81 %.
Tax expenses as a percentage of profits increased slightly by 8.84 % compared to last year, with a more notable quarter-on-quarter increase of 2.91 %. Net profit fell by -22.39 % year-on-year but witnessed a -23.81 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -22.28 % but a quarterly fall of -23.86 %. In summary, Denis Chem Lab 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. 42.479 Cr | Rs. 39.855 Cr | Rs. 41.257 Cr | + 3.52 % | -2.88 % |
| Expenses | Rs. 37.45 Cr | Rs. 34.77 Cr | Rs. 36.91 Cr | + 6.15 % | -1.44 % |
| Operating Profit | Rs. 5.03 Cr | Rs. 5.09 Cr | Rs. 4.35 Cr | -14.54 % | -13.52 % |
| Net Profit | Rs. 2.68 Cr | Rs. 2.73 Cr | Rs. 2.08 Cr | -23.81 % | -22.39 % |
| EPS in Rs | Rs. 1.93 | Rs. 1.97 | Rs. 1.5 | -23.86 % | -22.28 % |
In reviewing Denis Chem Lab Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -2.88 % year-on-year, however, there was a minor increase of 3.52 % from the previous quarter. Expenses decreased by -1.44 % compared to the previous year, with a 6.15 % increase quarter-on-quarter. Operating Profit dropped by -13.52 % annually, and saw a -14.54 % decrease from the last quarter.
Net Profit showed yearly decrease of -22.39 %, and experienced a -23.81 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -22.28 % annually, however dipped by -23.86 % compared to the last quarter. In essence, while Denis Chem Lab 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.
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