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Share the post "LAKHOTIA POLYESTERS (INDIA) ‘s Q1 Update: Profit Falls by 172% Year-on-Year"
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 -87.69 % over the year, decrease in net sales/revenue by -92.74 %.
- 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 534.48 %. Marginal decrease of -4.66% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for LAKHOTIA POLYESTERS (INDIA) LIMITED. Profit dropped by -171.89 % Year to Year, LAKHOTIA POLYESTERS (INDIA) LIMITED’s profitability dropped by -17.51 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -120.00 % Year to Year. EPS decreased by -70 % 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. 2.908 Cr | Rs. 4.93 Cr | Rs. 0.358 Cr | -92.74 % | -87.69 % |
| Expenses | Rs. 2.46 Cr | Rs. 5.01 Cr | Rs. 0.57 Cr | -88.62 % | -76.83 % |
| Operating Profit | Rs. 0.45 Cr | Rs. -0.08 Cr | Rs. -0.21 Cr | -162.5 % | -146.67 % |
| OPM % | 15.47 % | -1.62 % | -58.66 % | -57.04 % | -74.13 % |
| Other Income | Rs. 0.029 Cr | Rs. 0.193 Cr | Rs. 0.184 Cr | -4.66 % | + 534.48 % |
| Interest | Rs. 0.12 Cr | Rs. 0.13 Cr | Rs. 0.14 Cr | + 7.69 % | + 16.67 % |
| Depreciation | Rs. 0.01 Cr | Rs. 0.01 Cr | Rs. 0.01 Cr | + 0 % | + 0 % |
| Profit before tax | Rs. 0.35 Cr | Rs. -0.03 Cr | Rs. -0.18 Cr | -500 % | -151.43 % |
| Tax % | 29.46 % | -651.72 % | -2.87 % | + 648.85 % | -32.33 % |
| Net Profit | Rs. 0.25 Cr | Rs. -0.22 Cr | Rs. -0.18 Cr | + 18.18 % | -172 % |
| EPS in Rs | Rs. 0.3 | Rs. -0.2 | Rs. -0.06 | + 70 % | -120 % |
Today, we’re looking at LAKHOTIA POLYESTERS (INDIA) 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 -87.69 %. However, it did see a marginal slip of -92.74 % from the previous quarter. Expenses decreased slightly by -88.62 % quarter-on-quarter, aligning with the annual decline of -76.83 %. Operating profit, while down -146.67 % compared to last year, faced a quarter-on-quarter dip of -162.5 %, 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 -74.13 %, but a shrinkage of -57.04 % sequentially. Other income fell by -4.66 % compared to the last quarter, despite an annual growth of 534.48 %. Interest expenses surged remarkably by 7.69 % from the previous quarter, yet the year-over-year increase remains at a moderate 16.67 %. Depreciation costs climbed by 0 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 0 %. Profit before tax declined annually by -151.43 % but saw a reduction from the preceding quarter by -500 %.
Tax expenses as a percentage of profits decreased slightly by -32.33 % compared to last year, with a more notable quarter-on-quarter increase of 648.85 %. Net profit fell by -172 % year-on-year but experienced a 18.18 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -120 % but a quarterly rise of 70 %. In summary, LAKHOTIA POLYESTERS (INDIA) 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. 2.908 Cr | Rs. 4.93 Cr | Rs. 0.358 Cr | -92.74 % | -87.69 % |
| Expenses | Rs. 2.46 Cr | Rs. 5.01 Cr | Rs. 0.57 Cr | -88.62 % | -76.83 % |
| Operating Profit | Rs. 0.45 Cr | Rs. -0.08 Cr | Rs. -0.21 Cr | -162.5 % | -146.67 % |
| Net Profit | Rs. 0.25 Cr | Rs. -0.22 Cr | Rs. -0.18 Cr | + 18.18 % | -172 % |
| EPS in Rs | Rs. 0.3 | Rs. -0.2 | Rs. -0.06 | + 70 % | -120 % |
In reviewing LAKHOTIA POLYESTERS (INDIA) LIMITED’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -87.69 % year-on-year, although there was a slight dip of -92.74 % from the previous quarter. Expenses decreased by -76.83 % compared to the previous year, with a decrease of -88.62 % quarter-on-quarter. Operating Profit dropped by -146.67 % annually, and saw a -162.5 % decrease from the last quarter.
Net Profit showed yearly decrease of -172 %, and experienced a 18.18 % increase from the previous quarter. Earnings Per Share (EPS) fell by -120 % annually, however rose by 70 % compared to the last quarter. In essence, while LAKHOTIA POLYESTERS (INDIA) 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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